NAFA member, General Aviation Services' Don Spieth shows how he helps clients recognize the right opportunity in the aircraft market. Is it possible for buyers to get an aircraft that fits their mission without overpaying in today’s market?
The past year has been quite a ride for the aviation industry. Mid-March through June of 2020 necessitated attendance at every possible online industry meeting, followed, in mid-August, by the creation of a quarterly market report with AMSTAT and Bloomberg.
By the time it began dawning that the challenges induced by Covid-19 were creating a seller’s market, we had reached mid-September 2020.
The initial demand shock with the onset of Covid-19 produced a similar reflex to that of the great recession in 2009; values of pre-owned business jets and turboprops fell to just below -20% when you measure the group averages across the Large Jet, Super Mid-Size, Mid-Size, Light Jet, and Turboprop markets.
In Q3 2020, the downward trend began to stabilize, and the twelve-year-old buyers’ market finally turned.
This article was originally published by AvBuyer on October 12, 2021.
