TSX:BBD.A - Post Discussion
Post by
Tempo1 on Jul 21, 2024 7:15pm
Used jets market
From Aviation international news.
Market analyst Jefferies Equity Research added to the picture of a slowing used business jet aircraft market, noting that the number of aircraft for sale in July is up 16% year over year (YOY) and 12% over the past six months. Even with younger aircraft, inventories have increased 19% YOY but still represent only 3.7% of the total fleet..... According to Jefferies, Bombardier units for sale are up 8%, to 65 units, representing 3.7% of the OEM’s fleet. Available Globals are up 19% YOY; however, Challengers for sale are down 17% and Learjet inventory fell by 20%.
Gulfstream inventories have increased 27% YOY, to 85 units, also accounting for 3.7% of the fleet. This includes 21 G650s for sale......
Pricing, meanwhile, is down across the board ranging from a 16% drop for Gulfstreams (with average asking prices of $21 million) to a 2% decline for Dassault models. Embraer models have seen a 10% dip in pricing; Bombardier pricing has decreased by 5% and Cessna Citations fell by 4%.
Be the first to comment on this post