AIRCRAFT BROKERAGE
Intrepid provides the expertise to guide a client from inception to market analysis and through to closing and delivery of an acquisition or disposition.
Begin your journey.
The team at Intrepid stands ready to assist and provide a complimentary acquisition analysis.
Email
sales@intrepidjets.com
Phone
+1 (978) 378-0745
Aircraft Purchase Analysis
The first step to any acquisition is a thorough review of future travel needs, mission profiles, and operating budgets. The Intrepid team works with clients, and their advisors, to triangulate a prospective budget and mission profile to identify the most suitable make and model of aircraft for consideration.
Intrepid will furnish pro forma operating and CapEx financials for clients to understand the anticipated capital outlays, tax benefits, and ongoing operating expenses.
Acquisition/Disposition Mandate
Once a client is ready, Intrepid will furnish an acquisition or disposition agreement to establish Intrepid as their exclusive agent for any prospective transaction.
This agreement does not obligate a client to a transaction, but establishes the agency relationship with Intrepid.
Prior to this stage, data and information from Intrepid will be market-level. Whereas after a signed mandate, Intrepid will share serial number specific data, information for comparables and prospective target aircraft.
Target Aircraft
The team at Intrepid will begin to locate target aircraft, including off-market aircraft, based upon the criteria in acquisition agreement with the client (now “the buyer”).
As Intrepid locates suitable target aircraft for further diligence, the team will share information with the client, discuss, and determine the best next steps.
Intrepid’s goal is to locate the best overall value for the client or manage to their expectations and timeline.
At times, this may include an aircraft to immediately refurbish while addressing upcoming inspections.
Letter of Intent - LOI & Purchase Agreement
If a target aircraft is deemed to be suitable, then Intrepid and the client/buyer will issue an LOI to the seller.
At this stage, as a part of the LOI, the client/buyer will place a refundable deposit into escrow.. The LOI also outlines a timeline to execute a definitive purchase and sale agreement.
If the buyer and seller are unable to reach amenable terms, and execute a purchase and sale agreement, then the deposit is returned from escrow.
If a purchase and sale agreement is executed, then the prospective transaction proceeds. The purchase agreement will also outline the delivery location.
Pre-Purchase Inspection (PPI)
The Pre-Purchase Inspection (PPI) is a critical step in any transaction. The findings of a PPI may drastically alter the purchase price, CapEx, and operating budget of a prospective aircraft.
While the cost of a PPI is the responsibility of the buyer, the seller is responsible for correction of an discrepancies found that are airworthiness in nature as well as other key components. Non-airworthy discrepancies are negotiated by the seller and buyer in the purchase price.
On occasion, the most prudent decision is to walk away from a target aircraft if the findings of the PPI are extensive, and we are unable to reach an amenable price or outcome with the seller.
Delivery & Closing
After and concurrent with a pre-purchase inspection a flurry of other tasks are being completed, such as title checks, lien checks, review of all log books and documentation, preparation for de-registration and registration of the aircraft, transferring maintenance and engine programs, etc.
These tasks seem minor, but are critical in nature to the transaction, maintaining the aircraft’s value and pedigree, and the successful future operation of the aircraft.
Once complete, then delivery may occur, an escrow agent will file applicable documents with the FAA, and other closing documents, such as a delivery receipt and warranty bill of sale that the purchase agreement may require.