July 1998 Issue
It’s Worth More Every Year, Right?
True, used airplanes do appreciate smartly. But many owners squander modest gains by refurbing airframes and then selling.
The science of flight simulation has advanced mightily in the past five years.
Yet simulating aircraft ownership remains relatively unchanged: Just stand on your back porch and fling $20 bills into the breeze. To simulate a twin, use $50 bills.
But what the heck, as investments, airplanes easily beat the underlying inflation rate, right? And most appreciate at a pace to match, say, the Standard and Poorís 500, so youíll at least get back what youíve got invested in the thing. Or so goes the reasoning when youíre trying to sweet-talk your spouse out of the kidís college fund to step up to a turbocharged retract.
Of course, when many owners sell, the bottom line falls woefully sho...
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