Used Jets Selling 15% Below Market Value

 - March 30, 2010, 5:41 AM

Pre-owned business jet prices are down 40 percent from the heights of 2008 and are now on average 15 percent below “market value,” Aircraft Post president
Dennis Rousseau said in a white paper. Despite the turbulent economy and some difficulty in finding aircraft financing, “Business jets are selling,” he said. “In the medium and long-range jet categories, 50 percent more aircraft were sold in 2009 than 2008, but the majority are selling at an average 50 percent less than market price at the height of the market.” Notably, most pre-owned business jet sales are now to foreign-based customers.