Pre-Owned Update: Turboprop aircraft market appears to level off as buyers perceive value
While people dealing in pre-owned turboprops are not exactly doing cartwheels over the state of their industry these days, most are optimistic that the dow

While people dealing in pre-owned turboprops are not exactly doing cartwheels over the state of their industry these days, most are optimistic that the downward spiral seems to be flattening out. They cite an apparent leveling of prices, which is bringing buyers back into the marketplace, and more favorable insurance rates.

“I’m encouraged by the signs that I am seeing in terms of buyers’ willingness to purchase these aircraft in greater numbers,” said Andy Biller of Duncan Aviation in Lincoln, Neb. “I think that there is a realization out there that the values are attractive enough, and the prices are stabilizing enough, that the buyers can do pretty well. In other words, we’re still very cautious, but we’re seeing renewed interest in buying these airplanes at the prices they are commanding today.”