The first week of Aerista Auctions is now behind us, and the first five Cirrus auctions closed on Friday afternoon. In the spirit of continued transparency, we wanted to share some lessons learned, and offer a recap of the first week of activity. Results The results exceeded our expectations: the auctions attracted a large number…

Some of you may have seen our post yesterday regarding our view of the Cirrus market during the COVID-19 pandemic. The summary is that while Cirrus transactions are still happening, the market is moving much more slowly than usual as buyers and sellers try to sort out the impact of COVID on asset values, and…