consulting
Aviation Consulting
Services
BA Group Consulting provides general aviation consulting services to airports, FBOs, MROs, flight departments, private developers, aviation enthusiasts, and other aviation related companies. Services generally involve aviation real estate valuation, feasibility, FBO and private hangar operation. However, our Team’s vast experience and affiliate network of consultants allow us to be versatile in many subdomains of the general aviation industry.
General Aviation Development Study
Understand or confirm the best and highest use for developing general aviation land at an airport. This study will look at various market and feasibility attributes that will help ensure the viability of prospective development. The study includes income, cost analysis, aviation and non-aviation market review, financial modeling, and debt and equity.
Mergers and Acquisitions
The BA Group Team has substantial experience in helping to value, market, and sell general aviation businesses. Let our Team and affiliates assist you in acquiring or selling an aviation business. Services include valuation, financial prep, and off- or on-market exposure.
Hangar Development Feasibility
The BA Group Team has substantial experience in helping to value, market, and sell general aviation businesses. Let our Team and affiliates assist you in acquiring or selling an aviation business. Services include valuation, financial prep, and off- or on-market exposure.
FBO Development Feasibility
This study will analyze various market and feasibility attributes that will ensure the viability of general aviation hangar development. Our Team will conduct an income and development cost analysis and review local, regional, and national aviation markets. The study will include financial modeling of the hangar development and an assessment of debt and equity markets.
General Aviation (Airport) Market Feasibility
The construction phase of development brings another level of challenges and obstacles. It's imperative to have an experienced team overseeing this process. Having an agent attend and advocate at OAC meetings and double-check contractor work is essential to a successful outcome. A proactive approach to project oversight will help minimize mistakes and costly change orders, reducing schedule overruns and budget creep.
Aviation Real Estate Valuation
The construction phase of development brings another level of challenges and obstacles. It's imperative to have an experienced team overseeing this process. Having an agent attend and advocate at OAC meetings and double-check contractor work is essential to a successful outcome. A proactive approach to project oversight will help minimize mistakes and costly change orders, reducing schedule overruns and budget creep.
Airport Ground Rent Studies
This study will analyze various market and feasibility attributes that will ensure the viability of general aviation hangar development. Our Team will conduct an income and development cost analysis and review local, regional, and national aviation markets. The study will include financial modeling of the hangar development and an assessment of debt and equity markets.
Hangar Rent Studies
The construction phase of development brings another level of challenges and obstacles. It's imperative to have an experienced team overseeing this process. Having an agent attend and advocate at OAC meetings and double-check contractor work is essential to a successful outcome. A proactive approach to project oversight will help minimize mistakes and costly change orders, reducing schedule overruns and budget creep.
FBO Operational Audit
The construction phase of development brings another level of challenges and obstacles. It's imperative to have an experienced team overseeing this process. Having an agent attend and advocate at OAC meetings and double-check contractor work is essential to a successful outcome. A proactive approach to project oversight will help minimize mistakes and costly change orders, reducing schedule overruns and budget creep.
GENERAL AVIATION DEVELOPMENT STUDY
GENERAL AVIATION DEVELOPMENT STUDY
Understand or confirm the best and highest use for developing general aviation land at an airport. This study will look at various market and feasibility attributes that will help ensure the viability of prospective development. The study includes income, cost analysis, aviation and non-aviation market review, financial modeling, and debt and equity.
MERGERS AND ACQUISITIONS
MERGERS AND ACQUISITIONS
The BA Group Team has substantial experience in helping to value, market, and sell general aviation businesses. Let our Team and affiliates assist you in acquiring or selling an aviation business. Services include valuation, financial prep, and off- or on-market exposure.
HANGAR DEVELOPMENT FEASIBILITY
HANGAR DEVELOPMENT FEASIBILITY
The BA Group Team has substantial experience in helping to value, market, and sell general aviation businesses. Let our Team and affiliates assist you in acquiring or selling an aviation business. Services include valuation, financial prep, and off- or on-market exposure.
FBO DEVELOPMENT FEASIBILITY
FBO DEVELOPMENT FEASIBILITY
This study will analyze various market and feasibility attributes that will ensure the viability of general aviation hangar development. Our Team will conduct an income and development cost analysis and review local, regional, and national aviation markets. The study will include financial modeling of the hangar development and an assessment of debt and equity markets.
GENERAL AVIATION (AIRPORT) MARKET FEASIBILITY
GENERAL AVIATION (AIRPORT) MARKET FEASIBILITY
The construction phase of development brings another level of challenges and obstacles. It's imperative to have an experienced team overseeing this process. Having an agent attend and advocate at OAC meetings and double-check contractor work is essential to a successful outcome. A proactive approach to project oversight will help minimize mistakes and costly change orders, reducing schedule overruns and budget creep.
AVIATION REAL ESTATE VALUATION
AVIATION REAL ESTATE VALUATION
The construction phase of development brings another level of challenges and obstacles. It's imperative to have an experienced team overseeing this process. Having an agent attend and advocate at OAC meetings and double-check contractor work is essential to a successful outcome. A proactive approach to project oversight will help minimize mistakes and costly change orders, reducing schedule overruns and budget creep.
AIRPORT GROUND RENT STUDIES
AIRPORT GROUND RENT STUDIES
This study will analyze various market and feasibility attributes that will ensure the viability of general aviation hangar development. Our Team will conduct an income and development cost analysis and review local, regional, and national aviation markets. The study will include financial modeling of the hangar development and an assessment of debt and equity markets.
HANGAR RENT STUDIES
HANGAR RENT STUDIES
The construction phase of development brings another level of challenges and obstacles. It's imperative to have an experienced team overseeing this process. Having an agent attend and advocate at OAC meetings and double-check contractor work is essential to a successful outcome. A proactive approach to project oversight will help minimize mistakes and costly change orders, reducing schedule overruns and budget creep.
FBO OPERATIONAL AUDIT
FBO OPERATIONAL AUDIT
The construction phase of development brings another level of challenges and obstacles. It's imperative to have an experienced team overseeing this process. Having an agent attend and advocate at OAC meetings and double-check contractor work is essential to a successful outcome. A proactive approach to project oversight will help minimize mistakes and costly change orders, reducing schedule overruns and budget creep.
Division
Team Leads
Jessica Ballou
Manager of Consulting Services • CRE
Boasting 16 years in commercial real estate, Jessica excels in appraisal, market research, and asset analysis. Recently, her focus has sharpened on aviation, with an impressive 16 projects annually, specializing in hangars, developments, and FBOs. While she partners with National Valuation Consultants for appraisals, her broader expertise flourishes at Capital Peak Aviation, handling consultations, valuations, and in-depth market analyses.
Iver Retrum
Manager of Real Estate Services
Principal Broker
Mr. Retrum co-founded the Business Aviation Group, LLC (BA Group) to provide aviation based real estate consulting services to high net-worth individuals, airports, FBOs, and businesses. Today, along with the dedication and experience of his partners, Mr. Retrum has grown the company into a full-service aviation real estate company, assisting clients in holistic design, feasibility, and development of aviation facilities, as well as real estate transaction, marketing, and general consulting services.
David Vaughan
David’s passion for business aviation is reflected in his four decades of rewarding experiences and meaningful assignments. His knowledge of the aviation industry is extensive and provides perspectives not only from the operational and financial viewpoint, but also from the sales and marketing arenas.
Jessica Ballou
Manager of Consulting Services • CRE
Boasting 16 years in commercial real estate, Jessica excels in appraisal, market research, and asset analysis. Recently, her focus has sharpened on aviation, with an impressive 16 projects annually, specializing in hangars, developments, and FBOs. While she partners with National Valuation Consultants for appraisals, her broader expertise flourishes at Capital Peak Aviation, handling consultations, valuations, and in-depth market analyses.
About Jessica
Jessica has more than 16 years of commercial real estate experience. She is experienced in appraisal, market studies and research analysis of income producing, owner-occupied, vacant land and mixed-use assets. Over the past five years she has focused primarily on aviation, completing on average 16 aviation assignments per year. Areas of specialized focus include hangar, developments and FBOs. She has provided value analysis on several thousand commercial real estate properties across the country to a variety of clients, including financial institutions, pension funds, and private equity investors.
Jessica’s appraisal practice is used in part with National Valuation Consultants. Capital Peak Aviation is for valuation services where Jessica is not acting as an appraiser including consulting, valuations, rent analysis, demand studies, and market research.
Iver Retrum
Manager of Real Estate Services
Principal Broker
Mr. Retrum co-founded the Business Aviation Group, LLC (BA Group) to provide aviation based real estate consulting services to high net-worth individuals, airports, FBOs, and businesses. Today, along with the dedication and experience of his partners, Mr. Retrum has grown the company into a full-service aviation real estate company, assisting clients in holistic design, feasibility, and development of aviation facilities, as well as real estate transaction, marketing, and general consulting services.
About Iver
Aviation industry veteran and entrepreneur, Iver L. Retrum has strong background in business and general aviation, with a focused expertise in real estate development, transactions, and valuation. His professional background includes leadership roles with aviation companies such as Signature Flight Support, ARINC Direct, and SunBorne XVI, Ltd., as well as more broad development and finance experience with McClurg Century Investments. He has command of a broad palate of professional capabilities, sharpened from over 25 years of frontline experiences in aviation operations, and real estate development.
Mr. Retrum’s aviation real estate experience started with his six-year employment at SunBorne XVI, Ltd (SunBorne), and the development of Centennial InterPort, a 125-acre aviation campus at Centennial Airport. Mr. Retrum was integrally involved in all aspects of the InterPort project, including the successful negotiation of ground leases totaling 7-acres, and over 309,000 SF of build-to-suite and existing office/hangar leases. During his time at SunBorne, Mr. Retrum also acquired his Colorado real estate license, as well as co-founded Hangar Network, LLC, an industry leading web-based real estate listing service.
Mr. Retrum co-founded the Business Aviation Group, LLC (BA Group) to provide aviation based real estate consulting services to high net-worth individuals, airports, FBOs, and businesses. Today, along with the dedication and experience of his partners, Mr. Retrum has grown the company into a full-service aviation real estate company, assisting clients in holistic design, feasibility, and development of aviation facilities, as well as real estate transaction, marketing, and general consulting services. Hangar Network, LLC has been acquired by BA Group, and is currently being absorbed into what is now known as Aviation Property Network or APN. This new subsidiary of BA Group is continuing to develop its well-known industry listing service by adding a national team of affiliated and regionalized aviation real estate professionals. Mr. Retrum plays a wide-ranging role within the company from Managing Broker, Director, and Partner.
Mr. Retrum is a 2013 recipient of Airport Business Magazine’s 40-under-40 award. He has contributed valuable service to the aviation industry as the founding chairman, and 8-year board member of the Colorado Aviation Business Association (CABA), as well as a past chairman of NBAA’s Local and Regional Groups Committee. Iver is commercially rated pilot and lives in Littleton, CO with his wife Dr. Jessica Retrum, and son Lars.
David Vaughan
David’s passion for business aviation is reflected in his four decades of rewarding experiences and meaningful assignments. His knowledge of the aviation industry is extensive and provides perspectives not only from the operational and financial viewpoint, but also from the sales and marketing arenas.
About David
David’s Passion For Business Aviation Is Reflected In His Four Decades Of Rewarding Experiences And Meaningful Assignments. His Knowledge Of The Aviation Industry Is Extensive And Provides Perspectives Not Only From The Operational And Financial Viewpoint, But Also From The Sales And Marketing Arenas.
David’s passion for business aviation is reflected in his four decades of rewarding experiences and meaningful assignments. His knowledge of the aviation industry is extensive and provides perspectives not only from the operational and financial viewpoint, but also from the sales and marketing arenas.
David has held key leadership positions in the airline support industry, maintenance repair and overhaul sector, and general aviation (FBO) services. Previous employers include Butler Aviation, Raytheon Aircraft Services, Signature Flight Support, XJet World and Jet Aviation, a General Dynamics company.
In addition to David’s business career, he also is involved in many civic and charitable organizations. He recently served on the board of directors for McKinney National Airport and is currently on the board for Challenge Air for Kids and Friends. He has been involved with Challenge Air for the past 17 years including a stint as their chairman. He currently serves on a committee to provide development and guidance to Embry-Riddle Aeronautical University’s new FBO certificate program.
Prior, Dave was active in the Hobby-Pearland Chamber of Commerce and served a year-long term as chairman of the board. He was a founding board member and past president for the Houston Aviation Advisory Council and served as past president of the Kentucky Aviation Association. Dave has been active in other service-based organizations including Kiwanis, Rotary and Jaycees over the years.
David is a graduate from Embry-Riddle Aeronautical University and holds a BS degree in aviation management. He is a licensed pilot, has three grown children, three grandchildren, has been married for 42 years and resides in Dallas, Texas.
Discover the BA Group Advantage
Connect with our experts today and elevate your journey in aviation real estate.