Latest / VREF | The Truth About the Aviation Market
’Twas the Night Before Christmas… and the Market Remembered Gravity | EPISODE 17
Podcast: The Truth About the Market Host: Jason Zilberbrand, President of VREF
Episode Overview
In this end-of-year Christmas special, Jason steps back from valuations, depreciation curves, and transactional warfare to reflect on the year that aviation finally remembered gravity.
Delivered through a poetic cold-open that rewrites ’Twas the Night Before Christmas for the aircraft industry, this episode blends humor, honesty, and hard-earned perspective as Jason unpacks the three forces that quietly shaped 2025: the privacy upheaval, the market cool-down, and the real story behind the “pilot…
The skinny
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