Resulting from the state of the current economy, a group rears its ugly head in the aviation industry. We call them Bottom Feeders and they are hoping to take advantage of Airplane Sellers during the COVID-19 pandemic.

Bottom Feeders strike fear into sellers, making it seem like now is the only time to sell their aircraft, usually at a price well below what it’s worth, because they say the value of your aircraft is only going to lower.

Airplane sellers – typically pilots and brokers, are well informed of the aircraft market and the overall economy and will not succumb to this implication of aircraft value loss created by the Bottom Feeders.

In fact, now is one of the best times to own an airplane. Your transportation choices are otherwise limited. When flying commercial, you are exposed to other passengers having unknown medical conditions breathing the same air with you for hours. Usually, your only other option may be to drive for hundreds of miles. Your airplane will get you there much faster and you will have less exposure to potential COVID-19 carriers.

Do not let those Bottom Feeders scare you into selling your aircraft for a horrible price. Now is the perfect time to even reevaluate your aircraft needs. Keep your airplane or upgrade to one larger or faster.

At Norfolk Aviation, we’re dedicated to keeping you informed on the aviation market. As your trusted partner in aircraft brokerage, put our decades of knowledge and experience to work for you. Whether you’re buying, selling, or customizing an aircraft, contact us today and let’s see how we can help you soar to new heights!