Aircraft
Jetcraft Sees Trend of New Bizjets Hitting Used Market Sooner
Business jet broker Jetcraft sees trend of some buyers wanting to upgrade their aircraft more quickly.
The sale of the first preowned Embraer Praetor 600 "builds positive momentum" for Jetcraft's 2021, the business jet broker said. (Photo: Jetcraft)
The sale of the first preowned Embraer Praetor 600 "builds positive momentum" for Jetcraft's 2021, the business jet broker said. (Photo: Jetcraft)

Jetcraft has completed what it said is the first transaction of a preowned Embraer Praetor 600—a deal that also signifies a noteworthy change in which new business jet types are coming to the used market more quickly, according to company president Chad Anderson. The milestone deal follows Jetcraft’s previous brokerage of new-to-market business aircraft, including the first transaction of a preowned Gulfstream G500 and one of the first preowned sales of a Bombardier Global 7500 shortly after type certification.

“As we continue to see fresh innovations from OEMs, we’re witnessing a step-change in ownership patterns,” Anderson said. “Some buyers are seeking to quickly upgrade their aircraft to the latest model, meaning a preowned jet can now be available a year or two after its original certification.”