A corporate jet worth $20-50 million sat neglected without proactive maintenance. The speaker explains why regular preventative care matters: reactive maintenance only kicks in after something breaks, and hidden defects almost always surface during a buyer's inspection.
Chapters
The airplane's been so ignored, really has not been babied at all. No proactive TLC. All right, thank you. Bye. So that was a call I just had. One of my team members who went up to go see an airplane that's in the maintenance facility that we're looking to buy for a client. This is the problem when some airplanes are just left to the maintenance facility to just fix things when they break versus being proactive. Some people really just use these airplanes as transportation, and some of them really take care of them the way they really should. It's not just like a car, you stick them in the garage, when something breaks you get them fixed. These These are very expensive capital assets worth $20 to $50 million. An airplane really needs proactive maintenance. The seller, they think they've been flying an airplane that's been perfect. The only time you really see the things that are wrong with it, when they're trying to sell it and the buyer finds them all. And that's just one of the small details that we have to deal with when we're buying and selling a corporate jet.