Ever since the U.S. presidential election, Ed Dahlberg has pretty much had a smile on his face. He brokers the sale of private jets, and already he’s seeing interest pick up and used-aircraft prices starting to firm up. The sale of a single-engine turboprop aircraft that he recently handled went for about 5 percent more than anticipated.
“My phone is ringing off the hook” from people interested in buying used jets, said Dahlberg, president of Emerald Aviation Inc. in Manassas, Virginia. “Just the business climate feels like it’s getting better.”
The era of Donald Trump, a man long associated with conspicuous consumption, figures to be good to a whole range of luxury-goods industries. But perhaps nowhere is that excitement greater than in the private-aircraft business. Not only is Trump, whose personal Boeing 757 became an iconic campaign image, seen as someone who’ll be an advocate for the industry but he replaces a president who so often criticized private-air travel that he turned it into a taboo symbol of inequality and helped prolong an almost-decade-long sales slump.
“You’ll see more people not being gun shy or embarrassed or apologetic for operating a corporate jet,” said Steve Varsano, founder of broker The Jet Business.
More here – Bloomberg