Pre-owned Bizjet Sales in 4Q Best Since Late 2007

Sales of pre-owned business jets took off in last year’s fourth quarter, blunting a weak second quarter and a “mixed bag of activity” in the third, according to business aviation information service provider Amstat. Business jet resale transactions were up 0.3 percentage points year-over-year, with 2.9 percent of the active fleet turning over in the fourth quarter. “This was the best performance since the fourth quarter of 2007 and squeaked ahead of the 20-year quarterly average of 2.8 percent,” noted Amstat general manager Andrew Young.