NAFA member Joseph Carfagna, Jr., President of Leading Edge Aviation Solutions (LEAS), discusses the aviation market with Tim Kern of Business Air.
Joe Carfagna Jr., President of Leading Edge Aviation Solutions (LEAS) that was founded by his father, says, “After over 50 years in the industry, we thought we had seen it all. Apparently, not so.”
2020 was, by all counts, an unusual – no, make that, “unique” – year, a year no one could have predicted. Instant changes in protocols, policy implementation and reversals… not just within the USA, but worldwide. Everything seemed to change overnight, and then change again in a week or a month. Only by being quick on its feet and understanding its clients, products, industry, and financing could anyone stay on top of things. A startup would be over before it got out of the gate. Only a strong network and a grip on the fundamentals and the people involved could offer a chance at survival, or a shot at expanding market share. All quotes are from Joe Carfagna Jr.
“We had an extremely busy end to 2020, and I’d say around the beginning of November, the market started to heat up again, and corporate airplanes are building an ‘asset bubble,’ like we’re seeing in real estate. So, sellers are seeing good times.”
This article was originally published by Business Air.
