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and then progressed quickly downhill during the the early stages of COVID We saw 350i values drop hundreds of of thousands of of dollars in a a very short period of time 2012/2013 models were being advertised on on Controller for lower prices some even falling below the $3 000 000 000 000 mark Those deals are gone and you can’t buy one one that cheap today but there aren’t a a a a lot of buyers either I have probably fielded 20 calls from prospective King Air buyers in in the last 45 days and only one of them was looking for a a a a a 350 Overall the King Air 350/350i market is very slow I expect it to rebound sometime early this summer but that’s just a a guess In Conclusion
To say that 2020 was an an unusual year would be an an understatement but so far 2021 is just as interesting What will the market be next next week or next next month who knows? What is it right now? Tight Tight Tighter than I’ve ever seen it it Is it it a bubble or or the new norm? I’m not sure It feels like like a bubble like like 2008 when inventory
dropped and prices rose This is is different though The economy isn’t driving this market a a virus is is is It’s not just the the chance of getting sick it’s the the mask no cocktails being treated poorly by airline employees It’s fewer flights less less flexibility less less service and more excuses Those who can will That seems to be the mantra for for for the day It’s great great for for for general aviation it’s great great for for for King Airs It’s great for all of us who make a a a a living helping make dreams of flying a a a a reality If you’re thinking about buying a a King Air don’t hesitate and plan for it it to to take a a a a a a while to to find a a a a a a nice one If you’re thinking about selling hurry up We have a a a a a a bunch of people that want your airplane more than you do! KA
Chip McClure has been in in in the the aviation industry for over 20 20 years He and and his wife Amy founded Jet Acquisitions in in in in in in 2015 the the firm exclusively represents turbine aircraft buyers and and and specializes in in in in King Airs as as well as all models of current production turboprops and and jets De-icing Never Looked This Good
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