A few years ago at the NBAA show we witnessed more than 1,000 Dow points melt away during the three-day convention. That was the beginning of the biggest downward trend that corporate jet sales had ever experienced, and the remnants of the price carnage that ensued are still with us.
Today it’s a tale of two markets, with some the large-cabin, long-range current production types in favor, actively trading and with notable price recovery. Others, such as third-generation variants, the owner-flown segment and mid-cabins have taken considerably longer to revive. The resuscitation has been in terms of aircraft sales, not aircraft prices, which are still on life support and appear to be grasping blindly to feel for a price floor. Alas, as some of these aircraft started selling for about 25 cents on the dollar from the peak this brought about renewed vigor into this group that had clearly fallen out of favor with buyers.
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