Daniel Jennings, president of The Private Jet Company in Palm Beach, Florida, an area where Trump often hangs out, said demand for selected aircraft 2017. “We’re very busy with calls from prospective private jet buyers, particularly in the US market. If this trend continues, I believe we’ll see the market approach a balance between supply and demand for “There’s still a sense out there that the market is in a slump,” Jennings admitted, “but I believe we’re seeing the best indication yet that the slump may soon be over. With fewer aircraft available, we’re also seeing the ones with the best pedigrees – and newest interiors – being sold fast.”
Chad Anderson, president of Jetcraft, added, “The resale market is healthier than it’s been in a long time. Yes, values are depressed, but there’s still an adequate level of buyers to exchange aircraft with and, worldwide, sales are up.” Last year was Jetcraft’s strongest in its 55-year history.
Falling Prices or Rising?
AMSTAT stated that average asking price trends ‘continue to be a mixed bag’. Heavy jets have ticked up since mid-2016, but are only back to the January 2017 level of $15 million.
Light jet ask prices are up slightly to $1.66 million, but medium jets are down almost 10% to $3.23 million. “The market is heavily polluted with old aircraft. The minute you go to 25 or 30 years old, everything seems to be on the market,” said Barber. “But the question is, are they really on the market, or is somebody just sticking them out there and praying?”
For example, “G450 inventory has risen and prices have fallen horribly over the past year. One broker was talking about prices increasing 15% on G450s. I’m less convinced; I’ve not seen that.”
Jennings recommended that jet buyers take advantage of current prices before they go even higher. “In 90 days, you’re going to see a tightening market. Someone purchasing a private jet six months from now will almost certainly pay a higher price than they would today, and quite possibly for a less-desirable aircraft.”
The Private Jet Company offers private jet sales & acquisition and private aviation consulting services in major markets throughout the world. Founded in 2005 with headquarters in North Palm Beach, FL and regional offices in Paris, France and Mexico City, Mexico, TPJC has completed over $2 billion of private aviation transactions for individual and corporate jet owners. In addition to assisting clients buy and sell private aircraft, the company works with aircraft management companies to reduce the burden of private aircraft maintenance costs and create income through chartering jets. TPJC also partners with aviation attorneys and tax experts to help clients maximize depreciation, reduce tax burdens and assist in import and export Certificates of Airworthiness.
The new status symbol for China's ultra rich businessmen: a private jet. But before this fad can truly take off, authorities have to loosen up strict regulations governing the domestic airspace. By Kristine Lim ChannelNewsAsia.com SHANGHAI: China is gearing up for burgeoning growth in its business aviation market as it plans to build its...
China is Getting Easier for Business Aviation But Flight Planning Expertise Still Makes Big Difference The new status symbol for China's ultra rich businessmen: a private jet. But before this fad can truly take off, authorities have to loosen up strict regulations governing the domestic airspace. AIN ONLINE by CURT EPSTEIN With business...
July 6, 2022· Covid concerns may be easing, interest rates rising, and the stock market falling, but prospective business buyers of private jets are highly motivated to make their purchases this year because the "free ride" of 100% depreciation in the first year of use, afforded by the 2017 Tax Act, will end December 31, 2022...
Between exhausting lines at security and countless flight delays and cancellations, the concept of a “quick flight” no longer exists. In reaction, many corporations are taking matters into their own hands by investing in corporate jets to fly executives and employees on business trips. For many companies, it is the time savings that...
Private Aircraft Trends Twice as Many First-Time Buyers Looked for Private Jets at End of 2020 vs. 2019; Advice on Aircraft for First-Time Private Jet Buyers North Palm Beach, FL, February 17, 2021 – Driven by continuing concerns about Covid-19, the resulting cuts in commercial air service, and the possible end of Trump-era tax...
Increasing Use of Sustainable Aviation Fuel for Private Jets Expected to Motivate More Buyers “The development of Sustainable Aviation Fuel can help reduce solid waste, clean the air, reduce our use of fossil fuels, and lower carbon emissions, but it will also enable aviation to continue to grow on a far more sustainable basis,” said...
North Palm Beach, FL, Aug 10, 2021 – The explosive growth in the private jet charter business combined with ongoing consolidation among charter operators has created an environment where an increasing number of high-net-worth individuals and businesses are rushing to purchase their first private jet before the end of Trump-era tax...
