I've always felt that the stock market and the amount of activity we see company-wide were somehow loosely tied together or at least that the two trends followed one another... until recently. Being the economic driver that it is, the United States will always lead the world in setting the starting point for what the world economy is doing but as of late, it seems that buying an aircraft may be a better investment than buying stock. Both are volatile and uncertain but you're not able to use stock to fly around in so why not buy a plane, use it for business, reach a greater market territory and depreciate the plane out to write off on taxes. Sure, aircraft are depreciating assets just like any other piece of equipment but stocks and other investments just don't carry the certainty they used to.
As of this morning we had three offers on eight of the aircraft we have for sale and the acquisitions side of the business has never before been busier. This is NOT enough activity to convince me that we're seeing a turn around but we it should show is that people are starting to feel that GA aircraft values are hitting the bottom or at least cheap enough that continued market depreciation seems unlikely. Time will tell so stay tuned!