Aircraft
Hagerty Jet Expects 'Choppy' Used Bizjet Market in 2019
Hagerty Jet Group anticipates a “choppy” preowned business jet market this year due to political uncertainty and equity market volatility.
Preowned inventory of ultra-long-range Gulfstreams is very low, with just 3.2 percent of the 342 in-service G650/650ERs up for sale, according to the latest data from Hagerty Jets Group. (Photo: David McIntosh/AIN)
Preowned inventory of ultra-long-range Gulfstreams is very low, with just 3.2 percent of the 342 in-service G650/650ERs up for sale, according to the latest data from Hagerty Jets Group. (Photo: David McIntosh/AIN)

Hagerty Jet Group, which specializes in Gulfstream transactions, expects a “choppy” preowned business jet market this year due to political uncertainty and equity market volatility. “Demand for aircraft less than five years old will remain strong, but older aircraft will continue to decline in value, although at a slower pace than in 2017,” it predicted in a market report released yesterday.