August 25, 2016
With prices at historic lows, inventories high, and retrofit options able to transform old airframes into like-new airplanes, will there ever be a better time to buy a preowned aircraft? Possibly, should the long slide in preowned prices that began in 2008 continue. Still, great opportunities for buyers await right now. Just be sure you enlist the help of a broker who possesses the technology that has become so crucial to these deals.
“Top-tier brokers have a lot of technology behind them to manage the sales process for their clients,” says aviation attorney Paul Lange, a party to many business jet transactions. “That’s really a big difference between the larger brokers and the mom-and-pops.”