Internationally-known Business Jet Broker Marks Business Milestone
TETERBORO, NJ – Freestream Aircraft Limited, one of the world’s preeminent pre-owned business jet brokers, marked its 25th anniversary in 2016 with one of its most successful years in its history, completing more than 70 transactions valued at more than $1.4 billion.
Despite worldwide economic uncertainties and a hotly contested U.S. presidential election in 2016, Freestream Aircraft successfully continued its 25-year history of matching business jet buyers and sellers around the world. Its total of completed transactions now stands to more than 700 valued in excess of $18 billion.
Alireza Ittihadieh founded Freestream Aircraft in 1991 in London, after a successful career in merchant banking and foreign exchange trading. He correctly anticipated the shift in business aviation from a U.S.-centric market to a global one, moving from 70% exclusively U.S. transactions in 1990, to today’s nearly even split between U.S. and international transactions. His skills in cross-border sales and acquisition transactions brought almost immediate success to Freestream Aircraft’s international pre-owned aircraft sales efforts.
After 15 years of continued growth primarily in the Eastern Hemisphere, Mr. Ittihadieh began building a strong presence in the U.S. market, bringing experienced business jet sales executive Rebecca Posoli-Cilli on board. Based at Freestream Aircraft’s Western
Hemisphere headquarters in Teterboro, NJ, Ms. Posoli-Cilli, an Embry-Riddle Aeronautical University graduate, has completed more than 400 transactions during her twenty-five years in corporate aviation, more that 100 of them under the Freestream Aircraft banner.
In fourteen years Ms. Posoli-Cilli built a highly efficient and effective U.S. team to complement Mr. Ittihadieh’s seasoned London UK-based operation. The combined Freestream Aircraft staff is fluent in nine languages, enabling it to complete cross-border transactions in virtually every corner of the world.
“It’s been an ever-changing world since we began in ’91, and not just in business aviation,” said Mr. Ittihadieh. “The rate of change has accelerated in the last decade. When we started, it was an MS-DOS computer world. Today smartphones and the Internet put raw market data at the fingertips of anyone with an Internet connection.
“But new and pre-owned business jets are not mere commodities to be brokered by amateurs,” he continued. “Freestream Aircraft’s 25 years of experience and accumulated expertise is what sets us apart from mere ‘Internet buying services.’ Our aviation professionals provide an unmatched level of personal service, to ensure each transaction correctly matches each buyer with the right make and model aircraft – in the right condition and at the right price.”
In its drive to provide bespoke service, Freestream Aircraft provides far more than pre-owned aircraft sales and acquisition services, or just the ability to negotiate and structure aircraft financing. Freestream Aircraft clients today rely on its team of professionals not only to complete new and pre-owned aircraft transactions, but also to provide pre-purchase inspection oversight, and since 2010, aircraft interior design and completion management.
“Our commitment to our clients is relentless and uncompromising,” said Mr. Ittihadieh. “Our staff has more than eight decades of combined international experience at their disposal 24/7, from listing to closing, to first flight and beyond.”
About FREESTREAM AIRCRAFT LTD.
Founded in 1992, FREESTREAM AIRCRAFT LTD. is an experienced, global business jet sales and acquisition company comprised of a team of aviation professionals dedicated to serving their clients 24/7, handling the purchase and sale of business-class jets around the world. Its client services include in-house design and completion/refurbishment oversight. With offices around the world, Freestream provides its clients with up-to-date information on current industry trends and all facets of the acquisition and sales process, including worldwide inventory, as well as direct mail and related marketing activities. Its dynamic direct prospect contact programs offer Freestream clients a personal one-on-one marketing advantage over other aircraft sales and acquisition organizations.