Global AVX launches dedicated aviation online auction platform

posted on 10th November 2020 by Eddie Saunders
Global AVX launches dedicated aviation online auction platform

The Global AVX online mechanism supports aircraft transactions between motivated aircraft brokers, as well as direct sellers, and international purchasers in a transparent, accountable and trustworthy online environment. With travel restrictions limiting physical sales negotiations Global AVX notes an increased interest in high-value deals being conducted online and is now acting as a market driver stimulating aircraft sales internationally.

The technology aims to complement and enhance traditional broker activity and is already attracting professionals seeking new and innovative ways to promote, market and sell aircraft assets to a market which has seen a spike in business and corporate aircraft ownership interest as a result of the pandemic.

Calgary, AB. and Scottsdale, AZ. based Hopkinson Aircraft Sales is the debut broker looking to maximise the opportunity presented by Global AVX, listing a 1997 Cessna Citation Ultra aircraft for auction.

To eliminate time wasters Global AVX vets all potential bidders, while looking to also deal with qualified acquisition consultants on behalf of proposed purchasers.  This pre-qualification is further enhanced by anti-money laundering interrogation, and a validation of adequate funding. Each potential purchaser is also required to place a certain percentage of the minimum reserve price in an escrow account prior to becoming a qualified bidder.