As in downsizing your jet, upgrading to a larger aircraft occurs when a person’s circumstances change. Maybe the new location of one of your offices requires a longer range, or you are taking more people on board due to a company expansion. Perhaps you are doing more overnight journeys that require more space and comfort while sleeping, or you have purchased a new holiday home in the Caribbean and you want to fly there non-stop. There are a myriad of changes in someone’s life that can occur that could require an upgrade to their jet.
However, unlike downsizing, the most common reason for upgrading is economic reasons. Usually, the owner simply wants a larger jet and have recently seen an increase in wealth and want to satisfy that desire for a larger jet. A larger jet is often seen as a reward for hard work and time invested into something.
Whatever your reason for wanting to upgrade or downgrade, it is important to have a trusted aircraft broker to discuss your circumstances with. They will be able to direct you to the best options and ownership plan for you.
Blogs are written from real world experience by Colibri Aircraft’s individuals. If you have any questions or comments about the topic of this blog, please feel free to contact us at enquiries@colibriaircraft.com
