Altea: Gulfstream G700 Service Entry May Precipitate Used Business Jet Market Shift | Aviation International News

Altea: Gulfstream G700 Service Entry May Cause Used Bizjet Market Shift

The preowned market is shifting as expected, but factors such as the Gulfstream G700 entering service will play role in this dynamic, Altea said.

Gulfstream G650 — Gulfstream's G650, which last year celebrated its 10-year entry-into-service anniversary, may become more prevalent on the preowned market as the Savannah, Georgia manufacturer's G700 enters the market. (Photo: Gulfstream Aerospace)

By Kerry Lynch • Editor, AIN monthly magazine

May 17, 2023

As the preowned business jet market softens from the seller’s standpoint, industry analyst Altea is advising that the ultra-long-haul sector, and specifically the Gulfstream family, is an area to watch as the G700 enters service later this year.

According to Altea partner Jean Sémiramoth, “Without obviously moving to a buyer’s market—there has been a mild shift whereby market conditions favor sellers a little less.” Unlike the frenzied market in the past couple of years, Sémiramoth noted more buyers are paying attention to the condition of aircraft, damage history, records, pre-purchase inspection, and delivery conditions. However, he said the shift was anticipated.

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Gulfstream G700/G800

Gulfstream

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