June 1999 Issue
In some cases, buying one is an acceptable investment but a rental may be less painful in the long run.
As any seasoned broker will tell you, the phrase “always hangared” is likely the most popular fantasy spun by owners with an airplane to sell. Of course, no one really believes it. But the notion of an airplane that’s never suffered the rigors of a New England winter or the harsh Florida summer sun has undeniable appeal.
Make no mistake, it usually is a fantasy. Only a tiny portion of the general aviation fleet is hangared and given how often airplanes change hands, “always hangared” is as improbable as “no damage history.”
But the fact that hangaring adds perceived value tells you something about its desirability. In our experience, most owners do seek shelter for their aircraft, b...
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