The Cost of Not Flying

/, insurance, repairs/The Cost of Not Flying

The Cost of Not Flying

When aircraft sit for prolonged periods of time, very bad things happen, especially in harsh environments. Such was the case for a 1984 Hawker 800B that was repossessed by the group of banks that had lent against the aircraft. The current market value of the aircraft should have been in the neighborhood of $800,000 with a wholesale value of about $685,000. This aircraft could not be economically made airworthy and was ultimately sold for its scrap value of $34,540.

If you’re an aircraft lender or lessor, don’t let this happen to you. Engage AvRisk, Inc. to monitor your high-value aviation assets.

To get more detail on the Hawker 700B, read the entire article in AIN On-line.

By |2015-04-28T13:23:09+00:00April 29th, 2015|finance, insurance, repairs|0 Comments

About the Author:

Bob is co-founder and Managing Director of AvRisk. He has been engaged in aviation finance and consulting for more than 30 years. In addition to his own consulting practice, Bob was Vice President of Business Development for Jet Support Services Inc (JSSI) and held Director of Finance or Portfolio Management positions with Boeing Capital Corporation, Bombardier Aerospace, GMAC, CMI Corporation, Michigan National Leasing Corporation and the National Bank of Detroit. Bob earned a BS Degree in Accountancy at Western Michigan University and a MBA in Finance from the University of Detroit. He has been a Guest Lecturer at Embry-Riddle Aeronautical University and Michigan State University and an Instructor of Corporate Finance for Davenport University.

Leave A Comment