Lincoln, Nebraska's Rene Cardona Points to a Golden Opportunity for Purchasing a Pre-owned Private Aircraft

Online, May 5, 2010 (Newswire.com) - Lincoln, Nebraska - Rene Cardona understands why owning a private plane has to be justified. Companies are tightening their belts, financing is more challenging, operational and insurance requirements are tighter. Rene Cardona has also seen firsthand that sellers are not able to get the premium prices that were being paid several years ago. However, in the midst of every crisis can be found an opportunity, and for those that choose to take advantage of the current market and move quickly and decisively there is indeed an opportunity. Many of these people are now talking to Rene Cardona, and he is answering every call.

Rene Cardona, who has represented clients in both the buy and sell side for the past 22 years while at Duncan Aviation, one of country's top aircraft service providers with over 1,900 employees, says that there is an excellent selection of used and new aircraft inventory in the U.S. and international marketplace. Lincoln, Nebraska happens to be a great location for aircraft brokerage. With its central location, Rene Cardona can be on either coast in half a day. Having access to potential buyers gives Rene Cardona a competitive edge and he takes advantage of this. Used aircraft are taking longer to sell and they won't move until they are priced right in today's market. Corporate aircraft prices have decreased since the 4th quarter of 2008. While difficult for the seller, buyers are negotiating some very aggressive purchases. As a plane reaches its proper price point, savvy buyers recognize the bargain and step in. In many segments we have reached bottom, prices having stabilized, and in some segments prices have appreciated, in that one can not duplicate a price that was available several months ago.

Considering the purchase of a new versus a used plane is also to be evaluated carefully. Rene Cardona says that manufacturers have cut back on production capacity, and have new aircraft known as white tails sitting in their inventories. With more than thirty years of experience, Rene Cardona has learned a great deal about how a buyer approaches a purchase. With the large selection, numerous variables requiring consideration, and continuous pricing adjustments, a buyer needs to stay on top of the changing market. "Buyers really need help in this market so they feel comfortable with a transaction," says Rene Cardona. "That's why I am here. The experience garnered over the years allows me to understand both sellers' and buyers' perspectives. Aircraft features such as year model, total time, avionics upgrades, cosmetic condition and operational and maintenance history must all be evaluated by a professional to insure the buyer that they are purchasing the right equipment at the right price."

Rene Cardona knows that when the current used inventory is sold down, prices will increase, with the increasing the demand for new aircraft, will in turn increase the lead time required between the time when a new aircraft is ordered to when it is delivered as it will take the manufacturer's several years to ramp up production to deliver new aircraft again. At some point in the near future the "ripe, lower hanging fruit will not be as accessible as it is today. When that happens," says Rene Cardona, "there will be a lot of people that will regret not having taken advantage of this window of time."

Rene Cardona can be contacted at Duncan Aviation in Lincoln, Nebraska by calling (402) 475-2611 or by email at: [email protected].