Vref

Majority say near term aircraft purchases unlikely

Inventory has increased for six consecutive quarters, Vref says

Aircraft health monitoring service adds about 5 percent to aircraft value

Based on Vref valuations, CitationPartners said its Excel Eagle now has an increased premium of $1.9 million over the standard Citation Excel.

The pre-owned busines aircraft landscape has changed dramatically since the heady days of 2021 and 2022.

Demand for business jets continues to remain strong, according to the third quarter 2022 Vref Market Trend Report.

A new quarterly market report from aircraft value and appraisal firm Vref said preowned business aircraft sales remained brisk in the third quarter.

In the aftermath of the Covid pandemic, some segments of used aircraft inventory cannot keep pace with demand.

Elliott Jets' sale of a 560XL equipped with the Garmin G5000 suite brought in 85 percent of the retail price value, VREF estimates.

VREF reported that the available in-service fleet is up 1 percent from this time last year to 10 percent, while retail transactions are down 15 percent.