Southern Aircraft Sales Ltd, New Zealand (NZ Co 1344648)
Changes effective 12th April 2026:
- Southern Aircraft Sales Ltd has been acquired 100% by Genco Energy Group Ltd.
- The Southern Aircraft Sales brand has been retired, and the company renamed Genco Valuation Ltd.
- Southern Aircraft Sales / Genco Valuation business is now represented by www.gencovaluation.com
Genco Valuation Ltd will continue to provide a leading aircraft and helicopter valuation service across New Zealand, Australia and the Pacific region.
Aviation valuation will be added to Genco's existing suite of valuation services, including:
- Plant and machinery
- Classic and performance automotive
- Marine
- Power generation plant and equipment
No change to existing customer service and support
Southern Aircraft Sales and Genco Energy Group share common founders and management.
All prior valuation reports under Southern Aircraft Sales Ltd will be fully supported by Genco Valuation Ltd.
A recalibration is necessary
Southern Aircraft Sales' traditional aviation brokerage, which was strong in the early 2000s, has been rendered obsolete.
The strength of the internet now has the aviation marketplace largely operating at a low to zero cost model.
The valuation industry professional governing body requires that all member practitioners have strict independence from any sales activities and commission incentives.
Signed,
Justin Sollitt
Director and Founder of Southern Aircraft Sales Ltd / Genco Valuation Ltd
Board of Directors
Genco Energy Group, Est. 2006
History of Southern Aircraft Sales Ltd (1999 – 2026)
Founder Justin Sollitt, is a New Zealand entrepreneur and experienced pilot, who has had a lifelong fascination with and passion for aviation.
Southern Aircraft Sales Ltd (SASL) was best known for breaking the mould of
traditional aircraft and helicopter dealerships in the early 2000s.
Justin pioneered an aircraft brokerage that operated purely online at a
time when the internet was in its infancy and the term 'ecommerce' was
largely unheard of.
In the late 1990s websites were the poor cousin to traditional
sales yards and print advertising right across the transport industry.
What SASL was doing then was scorned as amateurish. Today, ironically,
the digital model is the global industry standard.
1997. After a childhood frequented with building countless
model aeroplanes, Justin commenced learning to fly fixed-wing aircraft,
and he completed his pilot’s licence in 1998. His instructor
remarked—that at just 9 hours—Justin is among the fastest that they had
experienced sending a trainee pilot solo, where the normal expectation was 15
hours, and that he clearly had a natural aptitude for flying.
1999. Armed with a newly minted pilot’s licence, the business of
Southern Aircraft Sales commenced on a part-time basis, with Justin
endlessly poring over light aircraft classifieds advertisements,
inspecting aircraft for sale, and researching aircraft rental
deals.
2003. Southern Aircraft Sales Ltd (SASL) was officially
incorporated and it became a full-time business. Propelled by Justin’s
relentless entrepreneurial drive, SASL quickly became the leading light
aircraft and helicopter brokerage across New Zealand, and SASL had made
enough money to buy its first light aircraft to lease.
2004. SASL expanded into Australia, the South Pacific
region, and beyond. Simultaneously SASL was also operating its light
aircraft rental business in New Zealand. Many in the industry remarked at how
quickly Sollitt had disrupted the traditional aircraft sales industry
and raised industry standards markedly.
SASL also expanded into aircraft and helicopter valuation services.
2005. SASL commenced importing/exporting light
aircraft. Justin quickly formed strong nine-year alliance with the late,
legendary Australian aviation pioneer, Jim Hazelton (1931-2014), who also
generously tutored Justin in the hazardous business of single engine
oceanic delivery flying.
Justin turned SASL into a one-stop-aircraft shop, providing a frictionless,
door-to-door aircraft sales and delivery service.
2007. SASL expanded its reach globally, completing aircraft and helicopter deals to and from Australia, New Zealand, Pacific Islands, USA, Alaska, Asia and Europe.
2008. Justin achieved prominence for single-handedly
flying a small, two-seater microlight on another hazardous “edge of your
seat” 8,000-kilometre journey from Christchurch, New Zealand, to Perth, Western
Australia.
2009. Justin and SASL was accepted into the Plant and Machinery
Valuers Institute (PINZ) specialising in aviation valuation. He
became reputed as one of only a handful of aircraft and helicopter
valuation specialists in Australasia.
2017. Justin and his technical team developed the
Hangar247 aviation website. To meet the ever-changing market, this
again transformed the original digital brokerage into a global digital
classifieds platform that was now representing aircraft and their owners
across more than 30 countries.
2025. The Valuation Professional Regulatory body ratified their
strict requirements concerning conflicts of interest between valuation
and sales, and SASL was required to choose between running the aircraft
sales business or the valuation business; it could no longer operate in
both.
2026. Retaining the valuation business was chosen,
and the SASL brand was retired.
Justin reflects
“Just like the iPhone decimated the print news media business from 2006,
the same occurred with aircraft brokerages from about 2015. Strong
internet connectivity and social media had seen many new digital
operators popping up that eroded the industry down to a very low
revenue base.”
“What was once a profitable and valued aircraft brokerage was forced to
compete with many new online operators, many offering classified
advertising for free. Free is not a business, even when you are Elon
Musk.”
“Even the pure digital brokerage that SASL had pioneered in the
early 2000s was now obsolete, hence the SASL brand and business have been
retired to focus on the valuation service.”
These images best represent Southern Aircraft Sales over 27
years.
1. The range of aircraft and helicopter types that was the core
business.

2. Southern Aircraft Sales GEN1 website in 2002.
Leading online technology that is now comparable to a dial
telephone.

3. Southern Aircraft Sales GEN2 website in 2006.

4. Southern Aircraft Sales GEN3 website in 2010.

5. Southern Aircraft Sales GEN4 classifieds website in 2017.

6. A typical aircraft deal completed.

7. SASL company transport, a Lancair 235 “pocket rocket” with Justin Sollitt on finals at Ardmore, Auckland.

8. Preparing a Pitts S1 Special being readied for export to Norfolk
UK, from Hamilton NZ.


9. SASL also traded in semi-completed aircraft kitsets, engines and propellors.


10. A fleet of Tomahawk trainer aircraft imported from the USA to New
Zealand.


“What motivates a pilot to sit in the cockpit of a light
aircraft for days, overloaded with fuel, alone, over a vast
ocean?”
11. SASL Founder, Justin Sollitt with Jim Hazelton in 2005, seen here being
tutored in the hazardous business of single engine oceanic delivery
flying.


12. Palmerston North, New Zealand. With team Jim Hazelton.
Preparing a Britten Norman Islander twin, for a trans-Pacific delivery
flight to its new home in Alaska.

Plumbing in the additional fuel tank required. Excess baggage is standard in this business.

13. Tucson, Arizona. Preparing a Cirrus SR22 single engine aircraft
for an oceanic flight to New Zealand.
A fuel tank with wings. Installing maximum fuel for the trans-Pacific
flight from Arizona to Auckland via Hawaii and Samoa. The longest
non-stop leg was 14 hours West Coast USA – Hawaii.



14. A typical trans-Tasman oceanic delivery flight. Bay of Islands,
New Zealand to Kempsy NSW, Australia - via Norfolk and Lord Howe
Islands. The longest non-stop leg was normally 6 hours, Norfolk – Lord
Howe.









15. Relocating sold or ex-leased aircraft a new home was a frequent
task.

