Marian Jancarik – Colibri Aircraft Has a Positive View of Aircraft Sales
Marian Jancarik of Colibri Aircraft advises that the trend in business aircraft sales in Eastern Europe and Russia remains resilient despite of the economic and political crisis in Ukraine. Many people have highlighted the fall in business aircraft flights but the trend in aircraft sales has been stable for some years now. Any positive growth in the economy and a firming of the oil price can potentially lead to an increase in activity in Eastern Europe resulting in yet more aircraft sales.
In recent times the prices of pre-owned aircraft have continued to fall, new aircraft are being sold at substantial discounts and the supply of used aircraft is higher than the demand. It is easy to assume that the Eastern European region is struggling or weakening. However there are approximately 360 business jets in the region (which includes Eastern Europe, Balkan Region, Baltic Region and the CIS) and this figure has been consistent during the last few years. Transactions will be down this year from previous, but it is expected that the region’s fleet will remain stable if not grow by a few aircraft.
Marian Jancarik concludes that the prospects for the region “Are very positive and I am confident that stability combined with an upturn in economic growth will see an increase in aircraft sales and aircraft fleets in the region. The pattern has been stable through some very difficult times, once we see even minor improvements in the economies of Eastern Europe I am sure this will bring more new entrants into the market. This is a market that has only started to develop over the last 10 years so the growth potential is still enormous. The size of the countries of Eastern Europe and the distances involved means that business aircraft are the best solution for travel throughout the region and to destinations in Europe and beyond.”
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