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Web Aircraft Sales Take Off

Boot Camp feature for Monday, June 18, 2001

Aircraft sales take off on the Web. Bloomberg Boot Camp, a report on today's technology. It's a Web site that has been around for five years... .and in this day of fly by night dot com disasters... .this one is staying in the air. It's been profitable for the last three years. Aircraft Shopper Online, or ASO.com is a leading site bringing together buyers and sellers of all kinds of aircraft...

"We have aircraft so small you might have trepidation getting into them and we do, in fact, have airline aircraft up there. The largest aircraft that we know for certain sold was a Gulfstream G5, which would be valued at about forty million dollars."

ASO.com founder and president Tony Friend and his partner Richard Cunningham knew little about aviation when they got the idea for the site. It makes money from listing fees...

"We're a matchmaking service. We put the buyers and the sellers together. So we charge a listing fee, but because it's such a valuable item, a reasonably low listing fee is nothing to somebody selling an aircraft of that asset value."

At the moment... the site has about 35 hundred aircraft posted. While it helps... you don't have to have millions to browse ...

"A lot of people come on just to dream. I did see one the other day for 19 thousand dollars. And I guess it flew. It must have had an air worthiness certificate."

Many of the listings of corporate aircraft include interior and exterior photos... fun to browse whether you can afford to buy or not. Bloomberg Boot Camp, I'm Fred Fishkin.