Even though we are living in uncertain times, it is because of this that certain aspects of business aircraft ownership may become more appealing. Let me explain.
First of all, private/business aviation is open for business and will likely continue to be. There has been no airway or operating restrictions placed on the use of business aircraft. This is especially true for FAR Part 91–Private flight operations. The only reason this would change is if the FAA determines that it can no longer provide adequate staffing.
Secondly, in the near term, localized and cross border restrictions, as well as corporate travel policies are the biggest obstacles for private Part 91 flight operations. However, these are NOT flight restrictions! Consideration of flight crew movement and logistics are a critical component of the flight planning process that we took for granted before. Entry requirements, hotel availability, and ground transportation is a bit more complicated. Again, these are constraints on the ground NOT in the sky.
If Planning On Upgrading Or Adding To Your Fleet
Once travel restrictions ease, we believe the demand for pre-owned aircraft will be high, and recommend the following:
Impact Of Commercial Travel From COVID-19
We anticipate some effects of the virus on commercial travel will linger. That will cause the use of business aircraft to become even more essential.
Once our society settles into a new normal, let’s consider again the advantages of business aircraft ownership, sole or fractional.
Five Roles of Aircraft Sales Market Research For Decision Making With Confidence
Flight Department Fleet Planning and Year-End Transactions
Preowned Aircraft Sales Market Conditions
LOI For An International Business Aircraft Transaction
The Demand For Non-Airworthy Aircraft Remains