Steve Varsano talks with a Falcon 8X owner who flies two jets, each logging about 350 hours yearly. High utilization means no change needed now, but Varsano notes buyers can find opportunities in the current market while sellers face depreciation.
Right now you have the two 8Xs? Two 8Xs.
One's matte and one's shiny inside.
And how much do you think you're flying each of them? 350 each. That's a pretty good usage on those airplanes.
Is it mostly flying around [MASKED]? I have a brother who lives in [MASKED]. It goes there quite a bit, and then we go to [MASKED] 3 times a year.
You know, if you're in the buying mode, it's a great opportunity. If you're selling, that's, you know, you're going to see a depreciation in your values.
That's why we came to the conclusion that we're probably pretty happy where we are.
Yeah, no, no, listen, if you use them 350 hours a year, it doesn't make any sense to change just for the sake of changing. Yeah, okay, thank you very much. All right, take care. So this was a general catch-up, uh, market data exchange. We wanted to see what he was doing. He had a couple of Falcon aircraft, and we wanted to just check with him to see if he was going to be looking to trade, buy, sell, or anything like that, and just keep our conversation going over the years and just the sort of relationship-building situation. If you'd like to see more of these videos, be sure to follow.
