28 Mar 2024, 16:08 [ UTC - 5; DST ]
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Username Protected
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Post subject: Re: What does the jet market look like in an election year? Posted: 29 Dec 2019, 10:21 |
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Joined: 02/07/16 Posts: 565 Post Likes: +159 Location: KPMP, WMSA (Kuala Lumpur) Paris (LFPB)
Aircraft: Work Falcon Fun Duke
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We just put our CL604 on the market and the attention on a classic is incredible.... The replacement is much harder to find as prices are very firm...
_________________ JetSpeed Solutions, Falcon 8X/7X, Falcon 2000LXS, Falcon 2000 Classic and the Duke!
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Username Protected
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Post subject: Re: What does the jet market look like in an election year? Posted: 29 Dec 2019, 10:29 |
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Joined: 02/22/12 Posts: 2428 Post Likes: +957
Aircraft: G36 turbo normalized
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Username Protected wrote: Historically, sales activity drops considerably during an election year.
I’m starting to think this year may be different. Q4 was our busiest quarter ever and I don’t see anyone pumping the brakes. We’re currently working with folks that plan to get started after the first, we have acquisitions that are already planned for the summer (when it usually slows way down as people wait on the election) one of our clients just ordered a set of -67A’s for his King Air 300 that will be a mid-summer install (waiting on G1000 being added to STC). All of these folks seem unphased by the coming election.
Please don’t go political and get this thread locked. Surely we can discuss the market that effects us all, as well as the economy we all survive in, without talking about politics... plus the media has exhausted the topic! I suspect your suspicions may be right when a president has served two terms or is likely to lose. Normally, the last year of the first term of an incumbent president when the economy is doing satisfactory is good for large purchases and the stock market in general.
Last edited on 29 Dec 2019, 10:29, edited 1 time in total.
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Username Protected
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Post subject: Re: What does the jet market look like in an election year? Posted: 29 Dec 2019, 10:54 |
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Joined: 05/23/13 Posts: 6717 Post Likes: +7255 Company: Jet Acquisitions Location: Franklin, TN 615-739-9091 chip@jetacq.com
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Username Protected wrote: We do a lot of business in the SMB marketplace and there seems to be a lot of confidence going into 2020. Lots of growth (employees) and expansion (facilities). Wishing you the best in 2020 Chip! Thanks for your contributions to BT.
Peace, Don Thanks Don! Same to you Sir!
_________________ It’s a brave new world, one where most have forgotten the old ways.
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Username Protected
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Post subject: Re: What does the jet market look like in an election year? Posted: 29 Dec 2019, 11:14 |
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Joined: 09/02/09 Posts: 8415 Post Likes: +8303 Company: OAA Location: Oklahoma City - PWA/Calistoga KSTS
Aircraft: UMF3, UBF 2, P180 II
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I would guess that sales dips in election years typically represent business uncertainty.To the extent that jet sales represent confidence in the economy I think things look pretty good. The tax cuts are fully implemented and there doesn't look like there will be any changes (reverses) in the next year or two. The economy's fundamentals look strong in the immediate horizon. Interest rates are forecasted to remain low, and in fact, given the world wide economic situation, can't really go up much if at all in near term.
Sitting on a bank board we're seeing strong loan demand from healthy borrowers. Business plans for companies on the books are generally positive outside of the energy sector. In our insurance business we are seeing continued sales and payroll growth forecasted by business customers.
Politics matters in all of this but I don't see a lot of worry about volatility showing up in economic numbers.
All of that looks like a healthy environment for business people to be buying bigger, faster and more expensive aircraft.
_________________ Travel Air B4000, Waco UBF2,UMF3,YMF5, UPF7,YKS 6, Fairchild 24W, Cessna 120 Never enough!
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Username Protected
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Post subject: Re: What does the jet market look like in an election year? Posted: 19 Jan 2020, 10:03 |
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Joined: 07/04/11 Posts: 1712 Post Likes: +242 Company: W. John Gadd, Esq. Location: Florida
Aircraft: C55 Baron
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Username Protected wrote: It's an election year, Iran, etc.
I'm talking to a lot of people every day and all I hear is confidence and optimism. Same here.
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Username Protected
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Post subject: Re: What does the jet market look like in an election year? Posted: 27 Jan 2020, 16:51 |
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Joined: 05/23/13 Posts: 6717 Post Likes: +7255 Company: Jet Acquisitions Location: Franklin, TN 615-739-9091 chip@jetacq.com
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Username Protected wrote: CJ2 values certainly took a poop.... Yes, yes they did. It is rare to see a market recover as much as the CJ2 market did and then see those increases evaporate during the same year. I have been asked to write an article about King Air values for King Air Magazine... I'm struggling. I saw premium airplanes bring premium prices last year... fair airplanes sell cheap... and we made a couple of buys that qualify as our best deals to date. The reality is we are talking about micro markets... people ask me about the market for a specific aircraft and I say "I'll have to do the research... because if one sold yesterday it may have just changed the whole market"
_________________ It’s a brave new world, one where most have forgotten the old ways.
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Post subject: Re: What does the jet market look like in an election year? Posted: 27 Jan 2020, 19:31 |
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Joined: 03/23/08 Posts: 6908 Post Likes: +3553 Company: AssuredPartners Aerospace Phx. Location: KDVT, 46U
Aircraft: IAR823, LrJet, 240Z
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My Darn insurance market is going to be a bigger problem than the election, I am sorry to say.
Its harder getting deals done. They don't like high limits, or old planes, or old pilots, or high values, or single pilots, or blah blah blah.
Sorry guys... I think my industry is "part of the problem" for a while. Not my idea of good service.
It's like our policy holders are all of a sudden viewed as Liabilities when they used to be our Assets. Strange days.
TJ
_________________ Tom Johnson-Az/Wy AssuredPartners Aerospace Insurance Tj.Johnson@AssuredPartners.com C: 602-628-2701
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Username Protected
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Post subject: Re: What does the jet market look like in an election year? Posted: 27 Jan 2020, 19:42 |
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Joined: 07/04/11 Posts: 1712 Post Likes: +242 Company: W. John Gadd, Esq. Location: Florida
Aircraft: C55 Baron
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Username Protected wrote: Historically, sales activity drops considerably during an election year.
I’m starting to think this year may be different. Q4 was our busiest quarter ever and I don’t see anyone pumping the brakes. We’re currently working with folks that plan to get started after the first, we have acquisitions that are already planned for the summer (when it usually slows way down as people wait on the election) one of our clients just ordered a set of -67A’s for his King Air 300 that will be a mid-summer install (waiting on G1000 being added to STC). All of these folks seem unphased by the coming election.
Please don’t go political and get this thread locked. Surely we can discuss the market that effects us all, as well as the economy we all survive in, without talking about politics... plus the media has exhausted the topic! Hard to postulate about an election year without getting into politics. To factor out the political climate, sort of renders the question as helpless for lack of analysis no?
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Post subject: Re: What does the jet market look like in an election year? Posted: 27 Jan 2020, 19:56 |
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Joined: 12/17/13 Posts: 6322 Post Likes: +5520 Location: Hollywood, Los Angeles, CA
Aircraft: Turbo Commander 680V
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Username Protected wrote: CJ2 values certainly took a poop.... Why?
_________________ Problem is the intelligent people are full of doubt, while the stupid ones are full of confidence.
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