Pre-owned Bizjet Market To Stabilize, Experts Say
Joe Carfagna, Jr. and Mike Dwyer predicted that market prices will continue to stabilize because of the buying off of oversupply of aircraft for now.
Market prices of pre-owned business aircraft will continue to stabilize because of the buying off of oversupply of aircraft, according to Leading Edge president Joe Carfagna Jr. of and Guardian Jet co-founder Mike Dwyer. During a presentation at the NBAA Regional Forum at New Jersey's Morristown Municipal Airport on Thursday, Carfagna said that the market will see an uptick in prices “very soon. Currently, we are in a unique place where values are low and used airplanes are starting to dry up. In my opinion, a five- or six-year-old airplane being 50 percent the value of a new one is uncharted territory for this industry. I don’t think it will remain that way over the long haul.”
