Maximising Asset Transparency: Prepared clear remarketing specifications that turned complex, idle technical data into an accessible, buyer-ready package.
Mitigating Risk: Conducted rigorous buyer vetting and offer analysis to protect the client’s interests from Letter of Intent through to the final Sale and Purchase Agreement.
Delivering on Expectations: Successfully closed the transaction within nine months, transforming a challenging court-settlement asset into a successful financial recovery.
ACC Aviation was tasked with the challenging remarketing and disposal of a Boeing 737-300 aircraft for a client. The aircraft, awarded through a court settlement after the closure of Tayaran Jet, presented difficulties due to its age and non-airworthy condition.
Despite these challenges, ACC Aviation successfully managed the entire remarketing process, delivering on pricing expectations and closing the transaction within a remarkable nine-month timeframe.
Our client, a European high-net-worth-individual (HNWI), contacted ACC Aviation’s asset management team to assist with the remarketing and disposal of one Boeing 737-300 aircraft operated by the then-defunct Tayaran Jet. The aircraft had been awarded to our client through a court-ordered settlement, and with the airline going out of business, our client was in a position where they had to remarket the aircraft quickly.
Considering that the aircraft was a 1991-manufactured Boeing 737-300, an ageing aircraft that was not in airworthy condition, the list of potential buyers for this aircraft was small, and the prospects for success were challenging.
As part of this aircraft remarketing assignment, we managed and oversaw the entire remarketing process, from the initial aircraft remarketing strategy through to the closing of the transaction. Our scope of work included the following:
Pre-transaction Workstream and Aircraft Valuation
As an initial step, ACC Aviation engaged with our client and their technical representatives to ensure that the aircraft’s records were complete, in good order, and would be easily accessible to potential buyers after the execution of a Letter of Intent. We worked with our client’s technical representatives to prepare the aircraft remarketing specification, which summarized the maintenance status and technical condition of the aircraft.
Prior to bringing the aircraft to market, we worked with our client to set internal pricing expectations. As part of this phase, we provided our client with an aircraft appraisal, a maintenance-adjusted aircraft valuation and our opinion of the aircraft’s current market value.
Combining market intelligence with our data subscriptions and contacts database, we identified all potential buyers of the aircraft, developing a robust target list and setting the stage to actively remarket the aircraft.
Active Aircraft Remarketing
In remarketing the aircraft, we pursued both passive and active remarketing strategies. We published the aircraft availability on reputable industry sites and pushed the availability through ACC Aviation’s social media following of 7,000 plus followers while, at the same time, leveraging ACC Aviation’s team of over 60 aviation professionals based across five global office locations to actively promote the aircraft availability to our target list.
We received expressions of interest, performed Know Your Customers checks on potential buyers, analyzed offers and offer conditions, and presented them to our client with recommendations on which offers to consider further.
Together with our client’s legal counsel, we advised our client on the drafting and negotiating of the Letter of Intent. After execution of the Letter of Intent, we engaged with the potential buyer and their technical representatives to conduct the pre-purchase inspection and answer questions related to the aircraft’s technical condition and records status.
Aircraft Transaction and Closing
After completion of the pre-purchase inspection, we worked with our client’s legal counsel, advising our client on the drafting and negotiation of the Sale and Purchase Agreement. Upon execution of the Sale and Purchase Agreement, we oversaw the closing of the transaction, including the issuance of the bill and handing over possession of the aircraft and records to the buyer.
“We didn’t just look for a signal; we created a private sky-network that moved with the client.”
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Director of Operations, ACC Aviation
ACC Aviation operates internationally with teams supporting clients across Europe, the Middle East, Africa, North America, and Asia.
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