Editor's Log

April 2009 Issue

More Airplane

An economic times like these, itís more than a little disheartening each month to receive so many brokerage statements covered in so much red ink. Looking at my airplaneís valueóprobably less than what I paid for it 10 years ago, minus all the improvements madeódoesnít provide much consolation. Two things make all of this less unbearable. First, Iím not alone. Any aircraft owner has seen his or her flivverís value drop in recent months. At least mine hasnít dropped as far or as fast as some others (can you say "business jet?"). Second, despite last summerís meteoric climb, avgas prices remain relatively reasonable, at least in my part of the U.S. A third, unrelated thing is the airplane doesnít need anything. Iíve spent time, money and effort getting and keeping it well sorted out, expenditures paying off in reliability and performance. But there are many out there who might be looking to upgrade their aircraftóeither with a new engine, new paint/interior or by trading it for something else. For them, there are wonderful opportunities out there right now as long as little or no financing is required. In my admittedly hazy memory, one can buy more airplane for fewer dollars today than ever before.

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