Aircraft
Preowned Business Jet Market To Feel G700 Effect
Inventory for sale to rise as customers trade in aircraft for G700s
Gulfstream G700 at Savannah
The preowned business jet market will become softer as Gulfstream G700 deliveries begin and customers trade up to the newly certified model. © Chad Trautvetter/AIN

The market for preowned business jets will become softer as Gulfstream G700 deliveries begin and customers trade in their existing aircraft when they upgrade to the newly certified model. This is according to Hagerty Jet Group, an aircraft broker that specializes in Gulfstreams.

While the company noted that “the Gulfstream market has been anticipating this certification for more than a year…the market will feel an impact from so many aircraft coming for sale because of the G700 deliveries, regardless of the brand.” In the Gulfstream line-up, Hagerty Jet indicated that preowned G500, G600, and G650/650ER inventory will be the most immediately affected models. It also expects Gulfstream to discontinue G650ER production since the G700 is entering service, estimating that the last G650s will be delivered in mid-2025.