yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

How covid impacted private aviation! Part-2


less than 1m read
·Nov 3, 2024

They started seeing I need that airplane. Whether it's health reasons, flexibility, they're not going to those airports, timing, security, whatever the reason is. Some actually came and bought airplanes.

There's absolutely no question that there's a sticking factor, and a lot of those people who came in are staying. Maybe it's 25, 35; it's not 80, but it's still, you know, they say a rising tide raises all boats. So that whole base of people who used to rent or buy airplanes has definitely increased.

So the number of airplanes that are available for Charter or rent have gone down. Have you noticed that the age, the average age has gone down as well?

Yeah, during COVID, what happened, it was a lot of people on these airplanes that were 20, 25 years old. They were definitely the last owners of those airplanes. They were the two, three million dollar airplanes that were 25 years old.

And all of a sudden, all these people wanted to buy a plane. So those two million dollar airplanes became four million dollar airplanes. Unfortunately, those people probably became the last people to own that airplane.

It was one of those things where the music stops, you know, there's no chairs. So now the market's starting to slow down.

More Articles

View All
Long run self adjustment | AP Macroeconomics | Khan Academy
What we have depicted here is an economy in long-run equilibrium. Notice the point at which the aggregate demand curve and the short-run aggregate supply curve intersect; that specifies an equilibrium price level (P₁) and an equilibrium level of output (Y…
How to Invest $1.6 BILLION DOLLARS if you win the Powerball Lottery
What’s up you guys, it’s Graham here! So here’s something that’s probably all crossed our minds at some point or another: have you ever been faced with the dilemma of what happens when you win the one point six billion dollar jackpot lottery, and you sim…
Bitcoin Nears $17K: Why I FINALLY invested in Cryptocurrency (What happened?!)
What’s up you guys? It’s Graham here. So, the comments of my Bitcoin video finally got to me. People were calling me worthless because I wasn’t buying Bitcoin and investing in cryptocurrency. They said I was clueless. They told me to go educate myself. Th…
British Columbia's Fall Trip | National Geographic
British Columbia fall road trip. We started in Vancouver and are heading up the Okanagan Valley. I want people to take away from the experience of Backyard Farm that they have made a real authentic connection with myself, with my farm, with our community,…
Worked example: Differentiating related functions | AP Calculus AB | Khan Academy
The differentiable functions X and Y are related by the following equation: the sine of X plus cosine of Y is equal to square root of 2. They also tell us that the derivative of X with respect to T is equal to 5. They also ask us to find the derivative of…
#shorts I Wasnt Good Enough
When I graduated from high school, I wanted to be a photographer. I had my own lab downstairs, and I was doing all the things I loved to do. Then, he said, “You’re not good enough and you’ll starve to death. You should go to college and get a degree.” I …