aseanaero
8th Feb 2009, 07:35
Hi all
I'm a wholesale aircraft dealer and parts dealer based in Indonesia , we locate aircraft and parts packages here and export to about 14 countries around the World , about 50% of our business is with USA based companies. We rarely sell locally
October to December 2008 was totally dead , 90% drop in turnover and 4 aircraft 'done deals' cancelled. Luckily we've had some speculators come into the market during Jan and Feb to buy stock but they don't expect to be able to resell it soon, pricing is down 30% to 40% .
I spoke with an aircraft dealer friend of mine in Australia and he said since 4th quarter 2008 it's the worst he's seen the used aircraft market in 30yrs.
Is this happening in other parts of the World right now ?
If you have the cash now's a good time to buy .
I'm a wholesale aircraft dealer and parts dealer based in Indonesia , we locate aircraft and parts packages here and export to about 14 countries around the World , about 50% of our business is with USA based companies. We rarely sell locally
October to December 2008 was totally dead , 90% drop in turnover and 4 aircraft 'done deals' cancelled. Luckily we've had some speculators come into the market during Jan and Feb to buy stock but they don't expect to be able to resell it soon, pricing is down 30% to 40% .
I spoke with an aircraft dealer friend of mine in Australia and he said since 4th quarter 2008 it's the worst he's seen the used aircraft market in 30yrs.
Is this happening in other parts of the World right now ?
If you have the cash now's a good time to buy .