Prior to the world imploding in 2008 my hangar was populated with a biplane, a 182, a T-6 and the Cub. You didn't have to be Karnak The Magnificent to see what was going to happen following November 2008, money in the bank seemed like a much better idea than a hangar full of planes so I trimmed the flight department down to fighting weight. My instincts proved correct, corporate spending on just about everything ground to a halt, aircraft owners in particular were vilified, the bigger the aircraft the more vitriol was showered upon them, and economic growth slid to negative numbers. Fortunately, that picture is finally changing.
As I mentioned a few posts back, aviation in particular is getting a long overdue boost. The tax code changes have put the whole industry into full afterburner. I can't image Glenn's schedule in the coming year with this turn of events. Every broker, manufacturer has gone from seeking out a living and flat growth rates to a demand level they cannot begin to keep up with. The people who lease the kid's hangar plan to buy two Falcon Jets in the next few months, the hangar next door is moving up to a Challenger, and my phone is blowing up from people looking for hangar space for something they have or plan to acquire in the near future. For the first time in a very, very long time anyone in aviation, at any level, is looking at a bright future.
Prior to the world imploding in 2008 my hangar was populated with a biplane, a 182, a T-6 and the Cub. You didn't have to be Karnak The Magnificent to see what was going to happen following November 2008, money in the bank seemed like a much better idea than a hangar full of planes so I trimmed the flight department down to fighting weight. My instincts proved correct, corporate spending on just about everything ground to a halt, aircraft owners in particular were vilified, the bigger the aircraft the more vitriol was showered upon them, and economic growth slid to negative numbers. Fortunately, that picture is finally changing.
As I mention a few posts back, aviation in particular is getting a long overdue boost. The tax code changes have put the whole industry into full afterburner. I can't image Glenn's schedule in the coming year with this turn of events. Every broker, manufacturer has gone from seeking out a living and flat growth rates to a demand level they cannot begin to keep up with. The people who lease the kid's hangar plan to buy two Falcon Jets in the next few months, the hangar next door is moving up to a Challenger, and my phone is blowing up from people looking for hangar space for something they have or plan to acquire in the near future. For the first time in a very, very long time anyone in aviation, at any level, is looking at a bright future.
Dec 31, 2017 at 10:25 AM
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