Pre-owned Bizjet, T-prop Inventories Still Slowly Shrinking

Pre-owned business jet sales started off the year slowly, according to statistics released by industry data provider JetNet. The company’s report for the first third of the year showed that sales declined by 6.3 percent during that span compared with the previous year, with 698 jets changing hands in the first four months. At an average of 429 days, those aircraft spent 97 more days on the market this year than they did last year, while the average asking price declined by 3.5 percent, to approximately $4.12 million.

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