Aircraft
Brokerage Firm Hagerty Echoes Concerns on G650 Fleet
Hagerty Jet Group sees potential for canceled orders as current inventory represents about two-year absorption rate.

Business aviation brokerage and Gulfstream aircraft specialist Hagerty Jet Group agrees that the G650 market must be closely watched as inventory has sharply risen and prices softened. Deutsche Bank analyst Myles Walton recently downgraded the stock of Gulfstream parent General Dynamics, citing concerns about the effect of rising pre-owned G650 inventory on new sales and deliveries. Walton noted for-sale G650 inventory has risen from nine to 22 this month, up from four last March.


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