New research from Dubai-based ArcosJet suggests prices on the pre-owned business jet market will continue to rise for at least the first half (H1) of 2022. The survey covered fleet operators, business jet brokers and dealers, FBOs and financing institutions.
Yuri Dzun, ArcosJet, sales and marketing director, Europe, says: “Today, players in the preowned bizjet market find themselves in a unique situation, when the shrinking number of preowned aircraft put out for sale is driving the average price to record highs.”
“This is quite a challenge for the entire industry: brokers, buyers, and sellers alike. Our survey findings indicate that the market expects the situation to change no sooner than in six months,” added Dzun.
The research also found that among local markets, the biggest shortage of supply is observed in the US, with 46% of respondents, and Europe at 40%.
As for selling an aircraft, 47% recommend between five and 10 years of operation; 40% think an aircraft should be sold after 10 or more years of service, whist 13% are ready to sell their jets before they reach five years of age.
Buyer preferences for long-range models cover a wide range of the aircraft offered – 40% said Global 7500, Gulfstream 700 at 40%, and Falcon 10X at 20%.
In the large business jet segment the Challenger and Falcon platforms come out on top. In the midsize and light business jet segments, the situation is similar, with the respondents showing slightly more interest in the Pilatus PC-24 and Phenom 300 models.
