Shortage of Pre-Owned Business Jets Expected to Create Demand for New Planes Written 16 June 2021


Gulfstream G600 | Credit: Gulfstream

Reuters reports that a “shortage of newer-model business jets is driving up prices of second-hand aircraft, a trend that is expected to deliver a windfall for luxury planemakers as new affluent buyers enter the market.” The increased demand for second-hand aircraft “is expected to push up demand for new jets from planemakers like General Dynamics Corp’s Gulfstream, Textron Inc. and Bombardier Inc. since buyers have fewer pre-owned options, and the price gap between old and new narrows.” Business jet traffic “has rebounded to pre-pandemic levels in the United States, the world’s largest market for private aviation, according to FlightAware data.”
Full Story (Reuters)