Yearly Archives: 2019

Economics and the Aircraft Market

As published in BusinessAir Magazine issue 12. The aircraft market is more than likely the closest market to the theoretical Adam Smith “Invisible Hand” theory and basis for free market thought. For those who have forgotten Economics 101, a quick refresher is in order.  Basically, the concept is that in a free market, that supply…

Buyer Beware

The saying “Buyer beware” is as old as there are people buying and selling.  Unfortunately, in the aviation industry, the stakes can be high. It is important to understand the term “fiduciary responsibility”.  In simple terms, the person you hire has a fiduciary responsibility to only represent your best interests in the transaction.  They cannot…