Pre-owned Market ’08 | Aviation International News

Pre-owned Market ’08

Last year demand for pre-owned business jets and turboprops remained strong.

By Bryan A. Comstock

December 1, 2008

Last year demand for pre-owned business jets and turboprops remained strong. High oil prices and financial turmoil, however, have applied the brakes and inventories are reaching new highs. Buyers are waiting for the deals to come to them, leaving airplanes languishing on the market longer and sellers accepting less just to get out of the market.

If an aircraft seller shouts out that he has a screaming deal, but the buyer refuses to hear him, is it a deal? That’s about where this market is right now, but the year didn’t start out that way. In fact, during the first two quarters aircraft brokers’ phones were lit up with prospective buyers at the other end of the line, many of them international, pursuing aircraft and subsequently closing transactions.

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