Liquid Jets Sells Second-Hand Jet Cards, Shares
Liquid Jets is offering a "bid and offer exchange" format for a wide range of fractional shares and jet cards that allows buyers and sellers a liquid market. For jet shareowners looking to sell their fractional shares, the program offers a marketplace alternative to simply turning the shares back to their management company for whatever price is offered. The benefits include potential discounts and flexibility for buyers and liquidity for sellers that extends beyond accepting whatever aircraft write-downs and penalties imposed by a management company. "You may even be allowed to lease your share to someone else for any portion or all of your contract term," according to the company. "The secondary market is larger because it includes buyers and sellers," says LeRoy Young, founder of Liquid Jets, in describing the company's move to offer "a secondary exchange" of jet membership cards and aircraft fractional shares.