Finance 1.qxp_Finance 18/09/2018 14:58 Page 1
OWNERSHIP T FINANCE
Millennials in Business Aviation: Opportunities and Changes Millennials are changing the world as we know it, for better or for worse depending on your perspective of the change(s) at hand. Michael Francis asks what is their impact on Business Aviation? What are the opportunities and changes that they’re likely to bring? ou may not appreciate avocado toast (yet), but few among us haven’t benefitted from, or been impacted by the new ideas emanating from the Millennials, and manifesting into new business models like Uber, Spotify and Facebook. How, and in what form, Millennials will change Business Aviation is a conversation in its infancy, given the oldest Millennial is in his or her late 30s and still accumulating the wealth necessary to utilize a business jet in a meaningful way.
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AVBUYER MAGAZINE – October 2018
Yet although, in general, finance lenders have not yet seen a meaningful change in how Millennials borrow money, the way they may use Business Aviation could alter how aircraft lenders provide acquisition financing in the future.
The Sharing Economy
We’re still some time away from drone-like air taxis dotting our skies, but new business models adapting the “Sharing Economy” model (i.e. Uber, AirBNB, and others) to Business Aviation are making it easier
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Aircraft Index see Page 153