Interesting article published by AMSTAT
I just read an interesting article published by AMSTAT. It was interesting for two reasons: it illustrated a market phenomenon that we in the aircraft sales world sensed but was undocumented; and it was an alert for aircraft owners that are planning to buy or sell aircraft in the near to medium term.
The market phenomenon is that other regions of the world are enlarging their fleets while the North American fleet is contracting. As recently as 2007 North America was base to 70 percent of the worlds corporate aircraft. Today, the percentage has dropped to 62 percent. Clearly, North Americans are sellers and the rest of the world provides the buyers on a net basis.
For aircraft owners the lessons are obvious: make your current and future airplane compatible to the highest airworthiness standards of the world, choose your cabin and panel options carefully and employ a sales consultant with a worldwide reach.