Closing a used business aviation aircraft transaction this year is taking more time. (11/16/2024)
MIAMI—Closing a used business aviation aircraft transaction this year is taking more time than it did the past two years, which is causing some headaches and bigger expenditures.
“It takes longer to close a transaction than it ever has” for 10 different reasons, but “unfortunately, those 10 reasons are different for every transaction,” says Jay Mesinger, Mesinger Jet Sales president and CEO, speaking at Corporate Jet Investors Miami.
However, one thing that can slow a closing is the pre-buy inspection.