Pre-owned private jet prices stabilise after years of decreasing valuations, research finds

04/05/2018 News Team

New research from Colibri Aircraft, which specialises in the marketing, resale and purchase of pre-owned private aircraft, has revealed that prices for pre-owned private jets across six diverse types of popular private jet have stabilised after years of decreasing valuations. 

The research reveals that for 2017, the average asking price was $9.145 million, up 1.56 percent on 2016 from $9.004 million. This compares to a fall in price of 17.32 percent between 2016 and 2015, and 11.9 percent between 2014 and 2015.

Of the six private jet models reviewed, the mid-range Lear 45 jet saw its average pre-owned asking price decrease by 4.77 percent between 2016 and 2017 compared to a 17.14 percent decrease the previous year, while the average asking price for another pre-owned aircraft - the Bombardier Global XRS - fell by 5.08 percent, compared to previous annual depreciations of 17.10 percent, 14.41 percent and 9.25 percent.

However, the larger Gulfstream G550 jet saw a rise of 8.63 percent (from $22.378 million to $24.308 million). This followed a great demand where transactions increased by 46 percent year on year. This marks a notable difference from 2016, where prices declined by 25.96 percent.

In 2017 there was a decrease in the rate of depreciation of private aircraft, and in select models even an increase in value.  This is a significant turnaround following the previous nine years of consistently depreciating prices, including some of the sharpest decreases in value in the preceding four years.  

Oliver Stone, managing director at Colibri Aircraft said the developments were a result of a “fall in the supply of pre-owned private jets for sale, an improving global economy, and an overall increase in demand for business aircraft.”

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