The Amjet Ethics Statement

An Institutional Foundation.

Not a Promise.

Ethics without temptation requires more than a code of conduct.


Most ethics frameworks in this industry are built on self-governance — commitments made by individuals operating within structures that constantly create the temptation to act otherwise. Amjet was built differently. Our ethics are not a promise we ask the principal to trust. They are an institutional architecture — a firm structured under a Purpose-Built Mandate™ in which the conflict of interest cannot enter at the level of design.

Established

1976 · Atlanta, Georgia

Architecture

Purpose-Built Mandate™

Operating Principle

Advisory-First

The Distinction That Matters

A Code of Conduct

vs. an Institutional Foundation

The difference is not intent. It is architecture.


A code of conduct is a set of commitments individuals make to act in accordance with stated standards — despite operating within structures that may create financial incentives to do otherwise. An institutional foundation eliminates those incentives structurally, so that compliance is not a daily act of will but a condition of the firm's design.


The difference is the difference between asking someone to resist temptation and building an environment where the temptation does not exist. This page documents that environment.

"Ethics without temptation requires an institutional foundation — a structure in which the conflict of interest cannot enter, not one in which it must constantly be resisted."


— Scott Rogers, President & CEO · Amjet Aviation

The Amjet Model

Advisory first. Representation when appropriate.

The best representation begins with independent advice — and independent advice is only possible when it is not contingent on a deal being done.


That is why Amjet's advisory stage is a standalone, fixed-fee engagement, delivered before any representation decision and owed whether or not a transaction follows. You see our work before you commit to anything further. Deliberately so.

01 Compensation

A principal will know exactly what Amjet is paid, by whom, and why — before any engagement begins.

Amjet's fee is disclosed in full at the start of every engagement. It is owed by one party, in one direction, for one purpose: the principal's representation. Nothing changes between the first conversation and the closing.

02 Representation

Amjet represents one principal per transaction. The counterparty is never our client.

Dual representation — where the same firm advises both buyer and seller — creates the most direct form of conflict of interest. Amjet does not engage in it. Ever. Our mandate runs in one direction only.

03 Market Access

New listings are distributed to qualified principals and flight departments for a minimum of fourteen days before broader release.

This is the Principal-First priority window. It is a structural commitment ensuring that the most qualified buyers have first access, that confidentiality is preserved during the early phase, and that negotiating leverage remains with the principal throughout.

04 Counsel

Amjet's strategic recommendation is the same whether or not a transaction results from it.

If the market analysis indicates that now is not the right time to transact, Amjet will say so. Amjet's financial outcome at the advisory stage does not depend on a transaction closing — only on counsel that genuinely serves the principal's interests. This is what Advisory-First means in practice.

05 The Agreement

Amjet's engagement agreements reflect these conditions exactly — not approximately.

The structural commitments described on this page — a single disclosed fee, single-principal representation, and the structural absence of every form of indirect compensation (inventory positions, internal trading, reciprocal deal-flow obligations, volume incentives, undisclosed fee arrangements, and service-provider referral fees) — are not background principles left to interpretation. They are terms. A principal engaging Amjet will find the same language in the agreement they sign that they found on this page.

These conditions have been in effect since Amjet exited inventory dealing in December 2007, ahead of the market correction that followed in 2008. They are not responses to regulation or association requirements. They are the product of a deliberate decision about what kind of firm Amjet would be — and they have been documented in every engagement agreement issued since.

The Statement and the Instrument

What This Statement Says, the Agreement Says.

The five commitments above are not background principles left to interpretation. They are terms — each appears in substance in the engagement agreement a principal signs. The Ethics Statement and the legal instrument are aligned by design, because they are built from the same Purpose-Built Mandate™.


What Amjet commits to publicly, Amjet documents formally. The institutional foundation and the legal instrument say the same thing because they are the same thing, expressed in two registers: one written for the principal evaluating representation, the other written for the principal who has decided to engage. Clarity before commitment is not only advice given to principals. It is the standard to which the firm holds itself.

Frequently Asked Questions

Questions principals ask about ethics in aircraft brokerage.

Direct answers to the questions that matter most before selecting representation.

01

What guarantees these commitments?

The commitments on this page are guaranteed by the structure of the firm and by the terms of the engagement agreement, in that order. Amjet holds no inventory, operates no internal trading desk, accepts no reciprocal deal-flow obligations, sets no volume incentives, receives no undisclosed compensation, and collects no service-provider referral fees. These six structural absences are conditions of the firm's architecture, not policies that could be relaxed in a given engagement. The engagement agreement then documents them as binding terms specific to each mandate. A guarantee that depends only on intent can be withdrawn; a guarantee that depends on architecture and on contract has two independent anchors.

02

How are undisclosed fee arrangements possible in the brokerage marketplace?

Undisclosed arrangements arise when a brokerage firm receives compensation from sources other than its stated client — counterparty payments, referral fees routed through related corporate structures, preferred vendor relationships, or service-provider arrangements in which the firm receives a benefit not disclosed to the principal. These arrangements are among the least visible conflicts in the industry because their existence depends entirely on disclosure by the party receiving the benefit. Amjet's response is structural: a single, transparent fee disclosed in full before any engagement begins, with no compensation accepted from any other direction.

03

What is the difference between independence and structural independence?

A firm can describe itself as independent while still holding inventory, participating in reciprocal networks, or receiving compensation from multiple directions. Independence as a marketing claim describes how a firm sees itself; structural independence describes the conditions under which the firm operates. The distinction matters because The Broker Effect™ — the set of forces that shape advice and outcomes against the principal's interests — operates through structural conditions, not through self-description. A firm that has eliminated those conditions architecturally is structurally independent. A firm that has not, regardless of what it calls itself, is not.

04

What recourse does a principal have if a commitment is not met?

The commitments on this page appear as terms in the engagement agreement. A principal who believes a term has not been honored has the standard recourses available under the agreement and under applicable law. In practice, the six structural conditions that produce conflict in conventional brokerage — inventory positions, internal trading, reciprocal deal flow, volume incentives, undisclosed compensation, and service-provider referral fees — are not present at Amjet to begin with, so the categories of dispute most common in the industry do not arise in the same form. The Ethics Statement is not a substitute for the engagement agreement; it is the public statement of what that agreement institutionalizes.

The Natural Next Step

The architecture is in place.

The conversation is the starting point.



Understanding how Amjet is built is the first step. Understanding how that structure serves the principal's specific transaction is the engagement itself — beginning with a confidential Strategy Conversation at no charge and without obligation.

Scott Rogers, President & CEO · Amjet Aviation · Atlanta · +1-770-458-9600 · Zürich · +41 44 214 6254