Is it Time To Buy A Private Jet?
June 10, 2010 | Posted by Alex Joya 
Private Jet Inventories Are Stabilizing
The recent economic downturn has been trying on the economy as a whole, but particularly on the used aircraft market. As the global economy is continuing its recovery, global issues are slowing buyers’ enthusiasm about returning to aircraft ownership. In the years leading up to the economic downturn much emphasis was put on the fast-rising emerging economies of Brazil, Russia, India and China. Today focus is now put on the PIIGS(Portugal, Ireland, Italy, Greece and Spain) which all have weak economies riddled with high debt. While the ups and downs of the global economy may not have a long-term effect on our economy as a whole, these fluctuations are making the used business jet market volatile. This volatility, driven by a lack of buyers’ confidence, is scaring away jet buyers who are afraid the global economic downturn could spread to the US economy.
The used business jet market is fast becoming a buyers market. Many prospective aircraft buyers are asking me, ‘Will the prices keep dropping?’ My response to them is that the current used aircraft market is unlike we have ever seen it before. Values of some aircraft have dropped over 50% in two years. I think we have hit our bottom. Even
Gulfstream G450 TWC Aviation Recently Sold
if prices continued to drop another 20% the amount of the drop in dollar terms would be much less. In the view of many business owners, fear has subsided. The result is that the value of private jets have stabilized. Some small segments of the used jet market as still finding their footing, but the market as a whole has been stable for the last 6 months.
Going forward I believe the used aircraft market will continue to remain stable. The driving factor in this economy is fear, and the buyers that can push through the fear and acquire a used aircraft will continue to benefit from the never before seen deals this marketplace has to offer.
Categories: Aircraft Sales & Acquisitions | 
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2 Comments »
Private jet charters are a good business investment. In addition to the time that these flights save, they are also flights that can be used for business meetings and for getting things done. Time spent on a commercial airline is not conducive to getting work accomplished but a private jet charter will allow your employees to get things done or even rest for a meeting that will occur after their long international flight.