BeechTalk - BT

Username Protected · **Posted:** 26 Jul 2024, 10:30

Username Protected wrote:

Yet on private pilot sites we are seeing a BIG cutback in flights.

Can you detail the evidence for this? It doesn't jibe at all with what I see out there.

Mechanics are super busy, hangars are all taken, planes are in high demand and commanding premium prices, airports are buzzing, where is this cut back you speak of?

There are a lot more new pilots taking training around here, too.

Mike C.

Username Protected · **Posted:** 26 Jul 2024, 13:10

Username Protected wrote:

Yet on private pilot sites we are seeing a BIG cutback in flights.

Can you detail the evidence for this? It doesn't jibe at all with what I see out there.

Mechanics are super busy, hangars are all taken, planes are in high demand and commanding premium prices, airports are buzzing, where is this cut back you speak of?

There are a lot more new pilots taking training around here, too.

Mike C.

Username Protected · **Posted:** 26 Jul 2024, 13:16

Username Protected wrote:

But basically the take was that contract jobs are WAY LESS available right now than usual.

I'm hearing the same.

Username Protected · **Posted:** 26 Jul 2024, 13:39

Username Protected wrote:

But basically the take was that contract jobs are WAY LESS available right now than usual.

Interesting.

Meanwhile, on CJP, people can't find contract pilots hardly at all and the airlines and frax operators are hiring everyone they can.

There's some disconnect here, not sure what it is.

I need to see if I can find a contract pilot in my area if there are some sitting around...

Mike C.

Username Protected · **Posted:** 26 Jul 2024, 14:35

That seems odd. Hiring pilots right now is very difficult and the local airspace is busier than I have ever seen it. All mechanics I talk to are busy. Oshkosh is busy by accounts of friends there.

Username Protected · **Posted:** 26 Jul 2024, 15:28

Whether it’s a boom or not there’s always a “bust” behind a “boom”. Things have a 2007 euphoria “feel”.

Username Protected · **Posted:** 04 Aug 2024, 22:05

Username Protected wrote:

new 2024 Phenom 300E deliveries are flipping north of $14M!

That's just nuts! Not saying I don't believe you, but a Latitude isn't that much more $$$ for a lot more capability. And it's made in USA.

Username Protected · **Posted:** 05 Aug 2024, 18:11

Username Protected wrote:

But basically the take was that contract jobs are WAY LESS available right now than usual.

Interesting.

Meanwhile, on CJP, people can't find contract pilots hardly at all and the airlines and frax operators are hiring everyone they can.

There's some disconnect here, not sure what it is.

I need to see if I can find a contract pilot in my area if there are some sitting around...

Mike C.

Username Protected · **Posted:** 05 Aug 2024, 18:32

Username Protected wrote:

new 2024 Phenom 300E deliveries are flipping north of $14M!

That's just nuts! Not saying I don't believe you, but a Latitude isn't that much more $$$ for a lot more capability. And it's made in USA.

Username Protected · **Posted:** 10 Aug 2024, 11:52

Prices have definitely gone up. Forever?

I’m trying to figure out if it’s just inflation or GA aircraft actually have more value vs 5 years ago.

Username Protected · **Posted:** 10 Aug 2024, 14:35

Username Protected wrote:

Prices have definitely gone up. Forever?

I’m trying to figure out if it’s just inflation or GA aircraft actually have more value vs 5 years ago.

Prices have definitely gone up and I don't believe we will ever see pre-Covid prices again.

Having said that, some of these segmented market prices went higher than they should have based on lack of inventory and trajectory. We are currently seeing some of those markets correct. Two good examples are PC12's and King Air 350's.

I don't track pistons, but I expect some of the crazy prices in those markets have come back to reality as well.

Username Protected · **Posted:** 10 Aug 2024, 19:36

Quote:

That's just nuts! Not saying I don't believe you, but a Latitude isn't that much more $$$ for a lot more capability. And it's made in USA.

Phenom 300E are built in Melbourne, FL, USA.

Username Protected · **Posted:** 23 Aug 2024, 16:07

Username Protected wrote:

Meanwhile, on CJP, people can't find contract pilots hardly at all and the airlines and frax operators are hiring everyone they can.

There's some disconnect here, not sure what it is.

I need to see if I can find a contract pilot in my area if there are some sitting around...

Mike C.

Contract flying in the DFW area is down significantly. I get calls from pilots on a weekly basis looking for work. I would say it’s off by at least 20%.

Username Protected · **Posted:** 24 Aug 2024, 15:42

Username Protected wrote:

Hearing the same, my question is are we seeing the beginning of a slow down or just a typical election year?

I did see this piece recently.

https://www.cnbc.com/2024/08/16/private ... newsletter

Username Protected · **Posted:** 24 Aug 2024, 17:45

Spending fatigue per the article? I know 2 high networth individuals who lauded private jet travel and swore off commercial who are now quietly traveling a lot more commercial. The cost delta between even first class and private jets is eye watering for all but the wealthiest. Even owning a lowly single is somewhat eye opening and not getting cheaper.

New Production Jet Numbers