Buyers continued to roll up their sleeves and involve themselves with the used aircraft market, driving down further what has been for the last few years a vast supply inventory. The 10-percent depletion in used aircraft inventory over the last 13 months has taken a step toward assuaging the doubts of many left shell-shocked by nearly three years of market malaise. Though the past six months have been robust, some seek further proof that a full-fledged recovery can be sustained.
The GV inventory, which in 2002 ensured an average of 10 units for sale throughout the year, dropped 50 percent last year and averaged five during the past 12 months. Right now there are four listed by JetNet, and one has a sale pending and one is for lease only. Recently transactions on the lowest and the highest available serial numbers seemed to bracket the market between $27 million and $32 million, though the later model traded below market price after selling through a sealed bid process–so it could therefore be argued that this sale is not representative of the actual market values.
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