AXON Aviation Group (AXON) has selected Jetcraft to take on its business jet activity as it seeks to streamline its service offering. The company will transfer all business aircraft sales and acquisitions to Jetcraft ensuring a smooth handover period for clients.

Niki Rokni, Partner and Head of Aircraft Sales at AXON, says: “Jetcraft is the global leader in business jet transactions and is a natural fit to take on our respected clients. The AXON team will remain the same, now with additional focus on our commercial aircraft sales and leasing services.”

The handover follows many years of successful collaboration between AXON and Jetcraft in navigating complex transactions around the world. AXON, who specialize in exclusive, off-market listings, will continue to work hand in hand with each customer to provide a seamless transition.

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Product Overview

The Cessna Citation Sovereign+ is the successor to the Citation Sovereign model. The Sovereign+ features upgraded engines, which provide a longer range, and winglets as a standard offering versus an option on the original Sovereign. The Sovereign+ also has improved take-off and landing capability and the addition of the Garmin G5000 avionics. The range is the strongest feature of both the Sovereign and Sovereign+ with Coast-to-Coast capabilities and the ability to take-off and land at short distances thanks to a moderately swept high-aspect ratio wing.

As of May 2024, 24% of the Citation Sovereign+ ownership comes from the pre-owned market, the other 76% from new. 6% aircraft are currently for sale with only 2% under an exclusive broker agreement. For those on the market, the average sale time is 30 days.

Brief History

The production of the Citation Sovereign ended in 2013 and was replaced by the improved Sovereign+. The Sovereign+ was initially announced at the October 2012 NBAA, it first flew in April 2013 and was certified in December 2013. A total of 100 Sovereign+ business jets have been built in the year range 2013 – 2021.

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Product overview

The Falcon 7X is a fly-by-wire ultra-long range business jet which flies 5,466 nm further and faster than any of its Falcon predecessors. It features an innovative wing design including winglets, which makes the longer range possible.

As of April 2024, 54% of Falcon 7X ownership comes from the preowned market, the other 46% from new. 5% of those are for sale with the majority of those under an exclusive brokerage agreement. For those on the market, the average sale time is 150 days.

Brief History

The Dassault Falcon 7X was first presented to the public at the 2001 Paris Air Show and first flew in May 2005. The type certificate was received in April 2007 from the FAA and EASA and it entered service in June. Dassault Aviation continued to refine and improve the Falcon 7X over the years. In 2016, a newer version called the Falcon 7X Enhanced was introduced, featuring upgraded engines and other improvements.

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Jetcraft is the largest worldwide buyer and seller of business aircraft, with 60+ years of experience. We understand that every transaction is personal, and our team of experts work diligently on our clients’ behalf. For decades we’ve been supporting buyers to find the right aircraft for their mission, and ensuring that sellers benefit from our global network and sophisticated promotional tools to capture the attention their aircraft deserves.

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David Monacell, Executive Vice President, CFS Jets

Explain your role within your organization?

My role with Mitch McCune is to oversee the day-to-day operations of CFS Jets. Myself primarily, I’m responsible for the growth and development of the sales team.

Describe a typical day in your role.

Explaining a typical week or day is a real challenge, I’m engaged in the sales process and every deal is different. As well, other challenges present themselves in different projects or anything else that we are emersed in. It would be a challenge to have two weeks that were identical.

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The European commercial aviation industry has rebounded faster than expected following the pandemic, with particularly strong recovery seen in the regional market.

This return to health is underlined by the European Travel Commission (ETC), which has predicted international tourist arrivals to Europe will surpass 2019 levels in 2024, a year earlier than previously forecast.

For major airlines, there’s a challenge in meeting this increased demand at a time when certain narrowbody models are contending with well-publicized Pratt & Whitney GTF engine problems, and globally, narrowbody inventory remains scarce.

The result is a growing trend towards European airlines turning to regional aircraft and seeking longer leases to source the capacity they need.

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Product Overview

The Gulfstream G550 is a large-cabin, ultra long-range business jet traveling at ranges in excess of 6,700 nm. It features up to four distinct living areas, three temperature zones, and a choice of 12 floor-plan configurations with seating for up to 19 passengers. The G550 is equipped with the Gulfstream PlaneView cockpit, based on the Honeywell Primus Epic architecture and display system. The PlaneView cockpit presents critical flight information on 14-inch (36 cm) liquid crystal displays arranged for easy interpretation. The latest in Head-Up Display technology integrated with the next-generation Gulfstream Enhanced Vision System (EVS) II. The aircraft is also equipped with commercial and military communications equipment to provide secure voice and data capability.

As of March 2024, 6.7% of Gulfstream G550 aircraft are currently for sale with the majority (65%) under an exclusive broker agreement. When for sale, the average time on the market is 161 days.

Brief History

The G550 is a business jet produced by Gulfstream aerospace and is part of the Gulfstream V family. Known for its long-range capabilities, luxurious interior, and advanced avionics, the G550 has become a popular choice for business and private aviation. The aircraft was first introduced in 2003 and later began production that same year. It’s a successor to the Gulfstream IV and has undergone various upgrades over the years to enhance performance and efficiency. The first G550 was delivered in 2003. Production of this aircraft later ceased in 2021.

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The theme for this year’s International Women’s Day (on 8 March) is ‘Inspire Inclusion’. Ahead of the day – which celebrates women’s achievement and promotes a more equal society – we caught up with one of Jetcraft’s senior women, Sales Director Laurence Vidal.  

In this month’s Q&A, we take a sneak peek from Laurence’s broader interview to explore how she began her aviation career and what women can do to take the next step in the aviation industry.  

Can you summarize your aviation career so far?

I started my career as an engineer at Dassault Aviation in the south of France. This was a very technical role in the flight test centre that involved working closely with mechanics on aircraft certification.   

In 2012, I had become interested in business aviation sales and moved to Brazil to pursue this, spending around eight years at Bombardier. At the beginning of last year, I took up the Sales Director role at Jetcraft overseeing South American territories including Chile, Argentina, Uruguay, Brazil, Bolivia and Paraguay.  

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At Jetcraft, we’ve put together the strongest and most dedicated team of aviation specialists, ready to sell your aircraft quickly and at the best price. That includes our legal experts, who handle negotiations for letters of intent, purchase agreements, and closing for each aircraft, while simultaneously advising the sales team on how to best structure their transactions.

In this video, Matt Potts, General Counsel – EMEA, explains the dedicated support Jetcraft can provide, navigating even the most complex of deals.

How is the legal team involved in Jetcraft’s deals?

The legal team are generally only involved if we are purchasing and selling an aircraft. This could be an almost simultaneous purchase and sale, purchase for inventory or sale out of our inventory. We handle all the negotiations for the letters of intent, purchase agreements, drafting, closing preparations, and closing of the aircraft. On the front end of the deals, we will also advise the sales team on how to properly structure a transaction and get the logistics right so that we can get the deal done successfully.

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