The pandemic has changed how the wealthy buy planes amid a boom of first-time buyers. Here’s how sales firms are closing deals amid a global crisis.

The pandemic has changed how the wealthy buy planes amid a boom of first-time buyers. Here’s how sales firms are closing deals amid a global crisis.

Aircraft values have depreciated since the pandemic began in March resulting in a buyer's market but the sales process has been made increasingly difficult due to travel restrictions. 

Firms are investing resources by bringing planes to buyers instead of having buyers come to the aircraft. 

When it comes time to close, sellers have to navigate travel restrictions and, in some cases, work with authorities to obtain special permissions when delivering aircraft.

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The coronavirus pandemic has emptied the airline terminals only to fill the private terminals as the wealthy shift their travel habits around health and safety. Private aircraft operators are rejoicing as it means more flights for their fleets but an even smaller segment of wealthy flyers are viewing the pandemic as a reason to