Economic crisis - flying and plane ownership
Join Date: May 2001
Location: UK
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Time moves on - and looking back I wish I could have said I was wrong.
A friend has just purchased an aircraft - I and he reckon it would have been twice the price a year ago. Mind you there are those who said the biz jet market would remain buoyant - they got that wrong as well, unless your are fortunate to be at the very very top end of the market - a client has just sold his aircraft for more than he paid five years ago.
A friend has just purchased an aircraft - I and he reckon it would have been twice the price a year ago. Mind you there are those who said the biz jet market would remain buoyant - they got that wrong as well, unless your are fortunate to be at the very very top end of the market - a client has just sold his aircraft for more than he paid five years ago.
Join Date: Jun 2003
Location: EuroGA.org
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TB20GTs in very good condition (basically, ~2002 versions) are still fetching prices which suprise many. About 70-75% of the new cost in 2002. This suggests that people with money who know what they are looking for are still around and they will pay for something they really want. Same, I gather, with Mooneys.
It is the common stuff which has seen a bit of a collapse in values. This stuff tends to be bought by people who are financially stretched so this is to be expected, IMHO. Something a bit knackered which might have fetched 50k a year ago might fetch 30k today.
It is the common stuff which has seen a bit of a collapse in values. This stuff tends to be bought by people who are financially stretched so this is to be expected, IMHO. Something a bit knackered which might have fetched 50k a year ago might fetch 30k today.
