GetJets Aviation Consulting
"By far the most referrals came from banks that could not do specific deals," says Joe DiLallo a partner at GetJets and the founder of the company. "If they have a reason for not being able to do a deal - such as an issue with the jurisdiction or credit concerns- banks often refer their clients to us."
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“By far the most referrals came from banks that could not do specific deals,” says Joe DiLallo a partner at GetJets and the founder of the company. “If they have a reason for not being able to do a deal – such as an issue with the jurisdiction or credit concerns- banks often refer their clients to us.”
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GetJets Aviation Consulting (www.getjets.net) was launched in 2009 into the worst ever business aviation market. A record number of aircraft were for sale; the use of business jets was being attacked by the media; and very few banks were prepared to finance aircraft.
In retrospect it was a great time for a finance broker to start.
“By far the most referrals came from banks that could not do specific deals,” says Joe DiLallo a partner at GetJets and the founder of the company. “If they have a reason for not being able to do a deal – such as an issue with the jurisdiction or credit concerns- banks often refer their clients to us.”
In September 2011 GetJets closed when Joe DiLallo joined Key Bank
After 19 years in finance, most recently in JPMorgan Chase’s aircraft finance team, DiLallo understands how banks make decisions and he says this keeps deals running smoothly. As well as running business jet finance sales teams in the US he was also responsible for all JPMorgan’s international aircraft finance origination in Latin America, Asia, the Middle East, and Europe and GetJets is keen to represent buyers all over the world.
GetJets closed six financings in its first year all a result of referrals from manufacturers, banks, lawyers, traders and others that DiLallo had worked with whilst at JPMorgan.
In September 2010 Doug Reinarz, who had worked with DiLallo for 15 years at JPMorgan Chase joined GetJets as a partner. Reinarz, who spent 20 years at the bank, and its predecessors, created and headed the bank’s aircraft finance group – Chase Business Aircraft Finance- in 2004 (along with DiLallo and others).
“Doug joining was great news. Not only had he ran all of JPMorgan Chase’s aircraft finance team but we have also been friends for 15 years,” says DiLallo.
GetJets signed two new clients in the first two days of 2011 and is optimistic that they will help find more. “We know we can help save customer’s time and money and as the client pays our fee there is absolutely no conflict of interest,” says DiLallo. “At every stage we make sure the client’s interests come first.”
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