Buckhead reporter. (Sandy Springs, GA) 2007-current, February 02, 2020, Image 6
6 | Perimeter Business k Facebook.com/TheReporterNewspapers ■ twitter.com/Reporter_News Business Q&A Johnny Foster of OGARAJETS on piloting a business jet trader Johnny Foster, president and CEO of OGARAJETS. (special) Q: What are customers looking for in a pri vate plane that they can’t get by flying com mercial or charter? The private jet is an ultimate sta tus symbol - and transportation convenience - for wealthy fami lies and major corporation, and big business at airfields like DeKalb- Peachtree Airport. But where do those planes come from? Johnny Foster is president and CEO of OGARAJETS, an internation al broker of private jet and turbo prop planes based in Sandy Springs. The company buys, sells and finds planes for clients. (For more infor mation, see ogarajets.com.) Johnny’s father, former Navy pi lot John Foster III, co-founded the company in 1980 in Marietta with close friend Ed O’Gara as O’Gara Aviation Company. Johnny Foster was named president in 2005, and in 2013, the company rebranded as OGARAJETS, with the tag line, “Fostering confidence in business aircraft transactions” as a way to keep both family names in the company. The Reporter asked Foster about piloting the jet-trading business. Again, time. Private aviation is a powerful tool allowing our clients to travel one their own schedules and often direct to domestic cities or far away parts of the world that would otherwise we hard to access by the airlines and sometimes only by a combination Q: Who is the customer base for private planes? Mostly corporations? Individuals? Can you name any prominent customers? Our client base spans more than 60 coun tries and is blend of corporate and private enterprises as well as high-net-worth indi viduals. Of course we cannot name our cli ents, but the one thing they all have in com mon is a desire to make more use of their time. Private aviation gives them back that one commodity we all desire, more time - more time to spend with our families, more time to lead our communities, more time to grow our businesses, and of course more time to just relax in amazing places. Private aviation remains the closest tool we have to a time machine. LIULI Crystal Art exclusive to East West Bank customers *CD gift offer is valid through 3/13/2020. Additional terms and conditions apply. To qualify, you must open a new CD or renew an existing CD for a minimum term of 9 months and a minimum deposit of $20,000 in funds not currently on deposit or held at East West Bank. At maturity, the CD account will automatically renew at our currently offered interest rate and annual percentage yield (APY) based on the CD term and principal balance in the account. Early withdrawals are subject to penalty. Please refer to the additional disclosures received at account opening for complete terms, fees and conditions; or contact any East West Bank branch for additional details. Gift quantities are limited while supplies last. Offer is only available to customers who visit an East West Bank branch in person to open or renew a qualifying CD account. Automatic renewals do not qualify for the gift offer. Gift will be provided upon opening or renewing the qualifying CD account. Limit one gift per customer. Gift item shown above is not at actual size. 1 — f Equal Housing Lender Member FDIC WISHING YOU COUNTLESS BLESSINGS In this new year, we wish you and your family happiness, prosperity and longevity. Open a qualifying CD account and receive a limited-edition crystal from LIULI Crystal Art.* For details, visit eastwestbank.com/newyear or call 888.819.8880. Min. 9-month term | Min. deposit of $20,000 in new funds | Offer ends 3/13/2020 EAST WEST BANK BH