Special Report: Pre-owned Market 2007 | Aviation International News

Special Report: Pre-owned Market 2007

Business Jets: In 2007 demand for business jets surges

This year the business jet market started off busy and never took a breather.

By AIN Staff • AIN Staff

December 3, 2007

Business Jets: In 2007 demand for business jets surges

This year the business jet market started off busy and never took a breather. Backlogged refurb facilities, maintenance shops with jets littering
the ramp, overtaxed escrow agents and extended manufacturer backlogs for many model types all pointed to an active start to the year. These gut-check measures and others pointed to sustained market strength, and the year’s results did not disappoint.

Sellers had a heyday, pushing prices higher with each sale, leaving buyers a little stressed but happy if they emerged the victor in the bidding process. Initially buyers didn’t seem to understand the math, often underbidding and losing out, but they caught on fast. As soon as the mine’s-bigger-than-yours mentality took over, whether that referred to wallet, ego or both, prices headed higher.

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