Page 5 - Volume 15 Number 3

The “COVID”
Factor and its effects on the King Air market
by Chip McClure
For the the the the the the last few years years years I I I I have had the the the the the the honor of being asked to to write an an article about the King Air market
and each February I dutifully sit down and peck the the keys but by the the time my article makes it to print something crazy happens!
Two years ago I wrote about the stability of the King Air market
and how predictable it had become I kid you not about the the time the the issue had hit our mailboxes the market
had turned upside down and the article seemed foolish at best Things began to settle as the year progressed and the new year was to be a a a good one for the King Air market
2019 was a a a little unpredictable but 2020 should be anything but right?
I have to say 2020 has been the strangest year ever! That article I wrote back in February? Who would have imagined? The effects COVID had on the market
may not be what you’d expect It has been a a a rollercoaster of monumental proportions from literally having airplanes collecting dust and fuel being stored everywhere because there was simply no place to to fly to to more sales activity than I have seen
in in my 20-plus years in in aviation I have seen
airplanes sell for cheaper and others sell for way more than I ever imagined all within the same calendar year I’m terrified of presuming what the market
will be like this year I’m going to talk about what has happened in the last year and what it it is currently looking like as I write this Trust me there’s plenty to talk about!
A Year Like No Other
As usual things started off slow in in January except for acquisitions that were held over from the previous year and a a a a few prospects that were ready to get started on the process To be honest we we were expecting a lackluster market
as during most election years buyers put off major acquisitions until after the results MARCH 2021
KING AIR MAGAZINE
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