Ultimate Jet #73 - Phenom 300E Flight Test

BizAv has been through many crises before. The current crisis has a global impact, how is Jetcraft adapting to the situation?
Our global presence is critical right now, as conditions are changing so fast in each region. We’re matching sellers with buyers around the world
through our global network of 20+ offices. Moreover, we are one of few companies with the continued ability to take in trades, allowing us to
help our customers avoid any risky crossover periods during this time.
Jetcraft customers can remotely view aircraft they wish to purchase. All our aircraft are marketed using the most up to date and highest quality
photos and videos and we can facilitate on-the-ground virtual aircraft viewings as needed.
At the end of the day, the health and safety of our staff, partners, customers and their families is paramount. It’s too soon to tell what will
happen, but our priority is to gather as much information as we can. We stand ready to serve our industry and to be a resource for anyone that
needs us. This is a time for everyone in business aviation to double down on resources and capabilities in order to help our clients properly
mitigate and manage through this period.
What was the situation on the pre-owned market before the pandemic?
Fortunately, the pre-owned market entered into COVID-19 at a healthy level. The overall market was relatively balanced with reasonable supply
and demand, which resulted in reasonable values for pre-owned and new models. This is a major difference versus 2008 when manufacturers
had long lead-times, there were speculative buyers, and aircraft were over-valued. In addition, many major corporations today have the cash
reserves to sustain a crisis, Governments are acting faster to implement packages to help small businesses, and banks, although cautious, are
still open for business.
Ultimate Jet I 31