Private Jet Maintenance Keeps Eye on Expansion Opportunities
Some two and a half years since its establishment, Buffalo-based Private Jet Maintenance (PJM) has turned its attention to applying its newly acquired Part 145 repair station certificate to opportunities for expansion. Now largely engaged in supporting out-of-production business jets, the company operates out of a modestly sized hangar at Buffalo Niagara International Airport, whose lease expires in November 2024. By that time, an offer from Signature Flight Support to lease a larger hangar could allow it to maintain larger jets such as Bombardier Globals and Challenger 650s.
In a recent interview with AIN, PJM director of maintenance Ben Chieffo explained that profit margins on maintenance of large-cabin jets can exceed those on small aircraft such as Learjets by a factor of three.
“To be honest, a lot of facilities like Bombardier don’t want to see the Learjets anymore; they want to work on Challengers; they want to work on Globals,” he noted. “You can’t blame them because they’re making a lot more money on those.”