Page 5 - Volume 14 Issue 3

Market:
han Everby Chip McClure
MARCH 2020
KING AIR MAGAZINE • 3
It’s been a full year since I last wrote an article for this magazine about the market for King Airs. At that time, I was confident in my assertions and the market in general. In fact, the market had been as stable as I had seen it ... almost predictable. We’re all accustomed to ever changing, generally declining values of all turbine aircraft, but a stable decline had set in. To be clear, stability to any degree means that we can predict what it will be next week or maybe even next month. Armed with a lot of knowledge and real- world experience, I wrote the article with all the confidence in the world; I’m an expert on the King Air market, right? Then something interesting happened between writing that article and it arriving in the mailboxes of fellow King Air aficionados around the globe – it changed. The market. It just changed! It made me a liar, or at least called into question my competence. My phone began to ring and one call was from my friend, colleague and well-known King Air broker John Murphy from Murphy Acquisitions. John said, “Chip, when did you write that article?” When I replied it had been a couple of months before the magazine was mailed, he confirmed that was exactly what he thought. The market in January looked very different from the market in March.