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OMG how do you make a million dollars in the aviation industry? By starting with 2. Sorry couldn't resist' but been there and it is true. Those assets are old and inefficient. Common valuation is 6 times EBITDA with a normal business, but that varies widely with business type. My guess is a charter operation with out dated assets has a very low valuation. Especially with no long term contracts and mostly walk in business. I would not pay him half the asking price. Sorry...
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Scott
69E Coupe 2.2S LtWt
73.5T Coupe
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