Three special holidays in summer and what they mean
Funny how certain dates during the year bring about certain memories for each of us. I am no different. Our summer in the US are marked by three important dates, writes Jay Mesinger, CEO and founder of Mesinger Jet Sales.
Memorial Day starts us out at the end of May and marks the beginning of trees and flowers blooming and the school year coming to an end with summer vacation beginning. Next comes the Fourth of July, another US holiday that captures us all. Family vacations and late nights playing in the neighborhood till the sun goes down. Lastly, Labor Day. This one brackets the summer and gets us ready for final family vacations and back to school, along with the green leaves beginning to turn yellow and red and gold. Now, let’s look at these three holidays as business milestones.
The beginning of summer brings along what could be a slowing in our activity based on summer schedules for corporations. We have become very accustomed to a reduced amount of business activity during the summer months. Vacation schedules as well as postponed board meetings, often find us with fewer transactions. In fact, summer months find some countries taking entire months off work. Very often entire workforces take holidays at the same time. Though our industry in the US does not take prolonged holidays together shuttering entire workforces, we do often ease into a summer doldrum. So, if you are new to our industry and hope to balance out your income during the year, you might be a bit disappointed with the activity and corresponding closings during this time. Bumping along through the summer, we get to the end. The last summer holiday of Labor Day, which seems to come faster the older we get, closes our summer and prepares us for the slingshot back into activity.
2024 in general has some very particular milestones. It is a national election cycle for the US. And what an election cycle we have! This is a typical time for the fence sitters to go to the sidelines to wait for the election outcome. Nothing regarding election results has historically ever made a major difference in the value of our aviation assets. For those new to our industry and hoping the end of the summer may bring activity and transactions back to an active and profitable place, hold on; it may still be slower than most falls and winters until the election is complete. As you all know we are a very dynamic industry that can be affected by any number of internal and external factors. Paying attention to the world around you as well as the chatter within our industry will give you a leg up and help eliminate surprises. I do believe we are in for a robust end to the year.
Now let’s look at Christmas because it could be a bright one! Accelerated depreciation, even though reduced, should still bring in a large group of buyers ready to close by year-end.
Therefore, let’s check our list, see who has been naughty and nice and stand back for a bright and busy holiday season. Remember it is not too early to begin helping those year-end buyers plan and prepare. It is a joint effort between the buyers, the seller, and all the support teams to get these transactions over the finish line. See you all on the transaction playing field.
