When the COVID19 pandemic began in early 2020, there were many unknowns. Not since 1918 had a worldwide health crisis taken hold – and even at that time, it took years for the full effects to be felt. Today, not surprisingly, many of the consequences were felt much more quickly. One area that got dramatically impacted was the aviation sector – both commercial passenger and private aviation. While commercial aviation is still recovering domestically, private flights recovered much more quickly. In addition, the aircraft resale market began a boom in mid-2020 that continues to this day and is experiencing an imbalance between buyers & sellers that has not been seen since 2006.
The main question is: why?
Here we will explore the reasons for the current private aviation boom and suggest some ways to mitigate this reality.
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