NAFA member, Shawn Vick, Chairman and CEO of Global Jet Capital, was featured in the August 2020 issue of JetNet iQ Pulse, a digital report published by JETNET that provides up-to-date information and unique insight on the state of the business aviation market.
Within the “Business Aviation: An Enduring Value Proposition” segment of the issue (page 3), Vick shares his insight on fact-based assessments and industry introspection. He discusses how the effects of the COVID-19 shutdowns translate to the business aviation market. Additionally, he claims that the result of suppressed production and transaction activity during this time can be seen in inventory levels that remain around 10 percent, a range considered healthy for a global fleet of 22,000 business jets. In comparison, over the course of 2008, inventory levels averaged over 15 percent. Finally, he encourages teams to “use this period of uncertainty and its associated business slowdown to take a close look at our respective business for areas of improvement ranging from supplier agreements, operating systems, go to market and brand strategies, to employee engagement”.
Read the full article here.
This article was originally published by JETNET on August 27, 2020, in JETNET iQ Pulse, page 3.
