BizJet sales.
Rumors has it BizJet sales has been higher then normal during the COVID-19 crisis. Does anybody know if there is any truth to this ?
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Originally Posted by longlayover
(Post 10835723)
Rumors has it BizJet sales has been higher then normal during the COVID-19 crisis. Does anybody know if there is any truth to this ?
Sounds a bit of a loaded question but you'll need to explain a little more? Biz jet sales of new and pre-owned aircraft? Or charter and card / share sales? |
Originally Posted by LGW Vulture
(Post 10835848)
Sounds a bit of a loaded question but you'll need to explain a little more? Biz jet sales of new and pre-owned aircraft? Or charter and card / share sales?
Just a genuine question...... There are many Biz jet pilots concern about their employment, and a rumor going around that sales of new/preowned aircraft are up. It would nice for everybody to know if there is any truth to this rumor. |
I'm afraid that is not the case. Our world is being turned upside down too.
When you see 2 yr old G650s being available for under US$40m then you know there's a fly in the industry's ointment. Sigh......sorry to be the bearer etc! |
Originally Posted by LGW Vulture
(Post 10835954)
I'm afraid that is not the case. Our world is being turned upside down too.
When you see 2 yr old G650s being available for under US$40m then you know there's a fly in the industry's ointment. Sigh......sorry to be the bearer etc! |
Originally Posted by Klimax
(Post 10835998)
You got a direct link for those two airframes. High numbers on the frame and a 2012 - seems like USD40mil not far fetched, and not an indicator of the industry at the moment.
Sign up to Industry databases and you might be better clued up. And I don't mean Bluebook either |
46 G550s on the market. Asking prices where G450s should be in a dire market?
I would like to be proved incorrect so as to feel better about current status but i won't hold my breath. |
My guess is there is increased demand at the lower end of the market from people who haven't travelled by private jet or turboprop in the past but who now prefer to travel privately to destinations in Europe.
I can see that long range biz jet prizes would be under some pressure as there are still a lot of restrictions on long haul travel, even privately. |
We sell and lease private jets
At my company, we sell, lease and manage private jets. During COVID-19 we saw transactions slow down, mainly due to logistical reasons and travel restrictions. However, many new people coming into the market both at the low end and high end of the market. Only 3.5% of UHNWIs (people worth over $30M) actually own a private jet.
Airline travel has already got both very annoying and tiring because of COVID-19: The other day a person went to Manchester, UK to get a flight to Palma de Majorca in Spain (a 2.3 hrs flight) and it took them FIVE hours to get from the car park to the gate in manchester and TWO hours to leave the airport in Spain. I can see more people avoiding travel, using conference calls and when they do need to travel, they will fly private. |
Originally Posted by bizjetway
(Post 10837125)
Only 3.5% of UHNWIs (people worth over $30M) actually own a private jet.
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Well said.
Still, there are still thousands of really rich people in this world, who could easily afford a few private charter flights per year and this would create jobs, lots of jobs. |
Someone worth $30M that has the need to travel around the US or Europe on short 1.5-3 hr flights can afford a pre-owned Cessna Citation for $1.5M and spend just under $1M a year to operate it. Using a jet a business tool will certainly grow their wealth to the next level. Have you checked Grant Cardone's story?
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Originally Posted by bizjetway
(Post 10838041)
Someone worth $30M that has the need to travel around the US or Europe on short 1.5-3 hr flights can afford a pre-owned Cessna Citation for $1.5M and spend just under $1M a year to operate it. Using a jet a business tool will certainly grow their wealth to the next level. Have you checked Grant Cardone's story?
https://www.aircraftdealer.com/deale...6_-_2.7.19.pdf |
Originally Posted by bizjetway
(Post 10838041)
...... to the next level.
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Originally Posted by FlyTCI
(Post 10838884)
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Originally Posted by the boy
(Post 10844475)
Looking at the hours and landings ................he bought the wrong jet for the job :ugh:
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Originally Posted by FlyTCI
(Post 10845317)
My observation is that that is actually quite common for the US based long range airplanes, many of them have an average stage length of about two hours.
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What other options do owners that want the large cabin have?
BBJ, ACJ, CL850, Lineage, etc. Sometimes it’s not always about the range but the size... Hmmm that’s what she said! |
Global Aviator,
Good that you included the CL850 in that list. Massive cargo hold, basically same size cabin as Global 6000 but at a reduced operating cost. Ok, it doesn’t have the legs of the other wide cabin jets but if you’re only doing 2hour legs on average, then I don’t know why more owners don’t consider them. But hey, I’m biased... mo |
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