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Greg Copeland wrote:
Anyone care to speculate on what fuel prices will do to the plane market over the next four or five months? As prices rise do you think this will create good opportunity for buyers? That is to say, planes placed on the market because they can't afford to pay for fuel? Yes, I will throw in my $.02.... There are a lot of planes on the market right now and that does make it more of a buyers market, although some LSA and two seaters are not a bargain IMHO. One reason is that people that are marginally able to really afford an airplane in the first place (and probably can't afford to fly much anyway) are deciding to sell because of the higher fuel prices. Another is the overall aging of the pilot population... a guy gets older, flys less and finally the high prices precipitate the decision to sell. There are some great bargains to be had out there. Just as when world crisis causes the stock market to tank thus opening up great bargains for those with some cash handy, this is a great opportunity for those with the where-with-all to take advantage of it. When things turn around again (and they will) the LSA aircraft will not hold their current values. |
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