Steve Varsano explains how recessions hit businesses differently: some cut costs while others profit from shifting conditions. In aircraft sales, the 2021-2022 frenzy has peaked, prices are softening, and supply is rising, but transaction volume stays strong.
Chapters
During a recession, obviously there are a lot of companies that have to pull back from their operations. They cut expenses and costs. But there are also different companies that benefit from that kind of economic turnaround. So we really have to be on the top of, of what's going on in the financial macro, financial economic world, in every country in the world, because where some countries are benefiting, some countries are not benefiting. And really it's part of our job to be knowledgeable where that's happening and be in the forefront of any of this activity so that you know which way the wind is blowing and try to get in front of it to catch some of that business and assist some of these clients who need to sell or buy an aircraft when the economies are changing. And currently there seems to be a slow shift in the market because the craziness of 2021 and '22 has definitely subsided. It's leveled off. I think we're right now on the sort of tail end of that inverted bell curve and prices are starting to soften a little. There's a little bit more supply coming onto the market. There's still a lot of activity, a lot of transactions going on.
