The pre-owned aircraft market seems to be navigating through or flying above whatever turbulence has affected the U.S. equity and bond markets recently. While not immune to cyclical market ups and downs, jets are a commodity, and a much sought-after one this year governed by the rules of supply and demand. Right now, demand is high.
Large-cabin aircraft continue to define 2007, as they have since the beginning of the year. Just a handful of Global Expresses and GVs are for sale. If you’re lucky you’ll find a G550 to buy, but only if you’re willing to pay several million dollars more than the current owner or position holder paid. Generally speaking, GV prices hover around $40 million and are in line with its 12-month average supply of five, out of a fleet of slightly less than 200. There is only a handful of Global Expresses, with pricing throughout the $40 million range. They are disappearing nearly as fast as they arrive, changing hands in fewer than two months on average.
