Half of $9.5 Billion Biz Jet Sales Are Transacted by 5% of Broker/Dealers
June 28, 2016 -- The National Aircraft Resale Association (NARA) continues to set the aircraft sales pace by representing 50% of the pre-owned business jet transaction market worth $9.5 Billion in 2015 (per JETNET). NARA Broker and Dealer members represent just 5% of the more than 1000 aircraft brokers worldwide, but have continued to thrive with honesty, transparency and integrity for more than 25 years and are now responsible for half of all the pre-owned business jet sales.
Johnny Foster, NARA Chairman and President & CEO of OGARAJETS commented, “I am proud to represent the best and the brightest group of aircraft sales professionals as well as our growing number of Products and Services Members. We founded NARA with just 12 members, and now we boast nearly 100. We have not only survived multiple economic challenges but our Broker and Dealer membership continues to dominate the pre-owned business jet sales market. The NARA website consistently showcases more than 400 NARA aircraft listings as well as our new video, designed to educate aircraft buyers about the advantages of working with a NARA Certified Broker/Dealer,” added Foster.
The aircraft broker/dealer community has no license requirements to conduct transactions, and it can be difficult for aircraft buyers to know who they can trust when it comes to purchasing, selling, financing or maintaining a business jet, especially in today’s market. This why the National Aircraft Resale Association was created. Member companies must follow a strict NARA Code of Ethics, and the Broker/Dealer members must pass a rigorous certification process to assure the highest standards when buying and selling previously owned aircraft. As part of a continuing education requirement, NARA Certified Brokers and Dealers also participate in industry seminars and workshops to enhance their market intelligence and learn the latest about aircraft values and business aviation trends.
To watch the new NARA video and for more information about the current NARA members and the fleet of more than 400 aircraft they offer for sale, please go to www.NARAaircraft.com.
NARA, a professional trade association, formed more than 25 years ago, is comprised of selected aircraft sales and brokerage businesses that are NARA Certified and aircraft product/services companies that adhere to the highest professional standards. Promoting the growth and public understanding of the aircraft resale industry, NARA’s members abide by an elite 14-point Code of Ethics that provides standards of business conduct regarding aircraft transactions. For more information about NARA, its members and its code of ethics, visit the NARA website at www.NARAaircraft.com.