What is the future for the value of pre-owned business jets?
Newer is better, according to David Wyndham, VP and co-owner of Conklin & de Decker in the company’s latest AirReport. He notes:
“Values for business jet aircraft built before mid-1990s are in dire straits — and they won’t likely recover. Even looking back at 2007 and early 2008 (pre-downturn), those aircraft weren’t strong sellers. Many of the early, first generation business jets are probably at or near their salvage value: the value of their individual airworthy components. Given their relatively high operating costs, many of the oldest models, although airworthy, are near the end of their economic useful life. There remain far fewer buyers than sellers for these aircraft, at nearly any price.”
Read his full analysis at ConklindD.com