Wouldn’t it be great if we as a business aviation industry could boast about a reward for patience? For the last two years, we have witnessed the cost of fast, unbridled growth that no one was prepared for. The FAA is struggling to keep up with basic functions such as aircraft registration filings, while pilot and mechanic shortages have raised salaries based on the supply/demand imbalance and even hangar space is a short-supply commodity.
These out-of-whack supply equations have raised not only the price of business aircraft but also allowed the sellers to dictate processes that are not favorable to the buyers, such as a limited right to inspect. This is compounded by critical supply chain issues delaying the length of the pre-buys and all other into-service criteria. Engine overhaul timelines are affected negatively as well.
Jay Mesinger is the CEO and Founder of Mesinger Jet Sales, an international aircraft brokerage firm, and has been regularly contributing to AIN since 2018.
More In Aircraft
