December 2013 Issue
The Refurb Game: Its Gaining Momentum
With new aircraft prices becoming increasingly unaffordable, the industry is responding with a vigorous refurb market.
Owning an airplane requires a certain suspension of the economic rules that govern normal people, but on the whole, the airplane industry operates under an even more perverse logic: As sales soften, it raises unit prices, perhaps chasing away those buyers on the margins who might have been toying with pulling the trigger to buy a new airplane. [IMGCAP(1)]
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