50 SKY SHADES - World aviation news

Record Year Worth $500 Million In Biz Jet Sales for Mente Group

Download: Printable PDF Date: 14 Jan 2019 15:36 (UTC) categories:
Publisher:
Record Year Worth $500 Million In Biz Jet Sales for Mente Group  - Finance publisher
Tatjana Obrazcova
Country: United States Aircraft: Airplanes

Mente Group registered a record year for the company in 2018 for transactions. Since its founding in 2009, Mente Group has expanded into a full-service business jet strategic consulting company.

"This past year was a record year for Mente Group transactions in the aircraft segments where we operate," said Mente Group President and CEO Brian Proctor. "The dollar volume of our business jet transactions was very close to $500 million, up more than 40 percent over 2017, which was also a good year for the company. In addition, our team really came through as the number of  Mente's business jet transactions increased over 20 percent on higher average aircraft values, as sales represented larger and newer aircraft in 2018. "

Prices to Climb on Fewer Aircraft

Brian Proctor   

Proctor foresees that the business jet market will maintain momentum into 2019 as prices continue to climb for new and preowned jets, but possibly a lower number of overall transactions for used business jets due to a strong U.S. dollar, fewer preowned aircraft, restricted MRO upgrade capabilities, higher maintenance and pilot costs, rising interest rates and an uncertain political situation.

"We see 2019 as a little slower than 2018, but still ahead of 2017," Proctor said. "As a group, Mente is looking forward to some new initiatives in 2019 that will address a wide spectrum of strategic and tactical approaches to enable corporate flight departments and very high net worth individuals to experience greater success with their business jets and fleet operations."

To begin 2019, Mente's inventory of aircraft for sale includes a Gulfstream G550, Gulfstream G150, Gulfstream G450, a Challenger 350, a Cessna Citation VII, and a Cessna Citation CJ2+.

Mente Group is a leading business aviation and flight department advisory company specializing in aircraft transactions, talent management, asset management, and strategic, operational, and technical consulting. Mente serves large corporations, growth companies and private individuals worldwide. Its advisors have handled more than $10.5 billion in aircraft transactions and performed more than 500 business jet consultations. For more info see www.mentegroup.com.  

Mente Group has partnered with many of the world's largest corporations, prominent entrepreneurs, growth companies, and private individuals, including Andor Capital, Bank of Texas, BNSF Railway, Capital One, Delhaize Group, Entergy, Food Lion, JPMorgan Chase, LG, MassMutual Financial Group, Medical Properties Trust, MetLife, Northpark Management, Inc., Quexco, Inc., Raytheon, Sprint, Stanley Black & Decker, Summit Alliance, and Williams-Sonoma.



Loading comments for Record Year Worth $500 Million In Biz Jet Sales for Mente Group ...


Recommended

United Aircraft Corporation highlighting new aircraft during MAKS-2021 airshow

The United Aircraft Corporation (PJSC UAC as part of the Rostec State Corporation) will display new products and wide exposition at the International Aviation and Space Salon MAKS-2021, which will be...

Sino Jet expands footprint in fast growing business jets market in China

Sino Jet seizes market opportunities in the business aviation despite aviation downturn caused by the global pandemic. Ms Jenny Lau, Group President of Sino Jet Group, shared market insights and...

RED aircraft achieves Russian certification for the RED A03 engine

RED aircraft GmbH flagship engine the RED A03 has been certified and approved by the Russian Federal Air Transport Agency (FATA). This certification represents a significant milestone in RED Aircraft&...

Hahn Air welcomes 15 new partners in the first half of 2021

Hahn Air announces the addition of 15 new partners in the first half of 2021. The airlines trust the leading ticketing and distribution specialist to expand their indirect sales to secondary markets a...