As go jet prices…As goes the (global) economy
We have seen this cycle and its ominous indicators many times since 1988…
Jet buyers are reluctant to step in and sellers are equally reluctant to reduce asking prices….then…boom !
We are seeing dramatic price reductions across the board…especially the weaker names such as Falconjet and Bombardier. Still, buyers want more blood shed on the hangar floor. There is apparently no bottom as yet…despite the vast amounts of cool aid being consumed by the jet broker community.