In this episode of the Jet Life Podcast, Tom Lelyo is joined by Zach Ungerleider, MSP Sales Manager at Honeywell Aerospace, to explore the ins and outs of engine programs in private aviation. They discuss common misconceptions, coverage levels, transfer protocols, and essential considerations for buyers and brokers to understand when evaluating, transferring, or reinstating engine programs on jets.
Episode Highlights:
1. 🔧 Engine Program Coverage: Engine programs primarily cover scheduled overhauls, periodic inspections, and some unscheduled repairs—not just insurance.
2. 💸 Payment Structure: New aircraft owners pay per flight hour, while pre-owned aircraft may require a buy-in if previously deferred.
3. ⭐ Program Tiers and Coverage: Different levels (e.g., Standard, Gold) offer various coverage, with higher tiers including extras like emergency repair support.
4. 🏢 Maintenance Requirements: Programs may require authorized repair shops, and minimum flight hours are often needed to prevent idle-engine issues.
5. 🔄 Ownership Transfers and Buy-Ins: Transfers are generally smooth, but deferred buy-ins can impact resale value
6. 🛠️ Inspection and Maintenance Limits: Programs often discourage certain inspections (e.g., core boroscope) unless necessary, to reduce costs.
7. 📉 Budget Stability and Industry Insights: Engine programs help stabilize maintenance costs, making them predictable as tech advances improve engine health monitoring.
Being a Private Jet Broker is a life changing opportunity for those seeking a career in an industry that has low competition and extremely high commissions.
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