It’s not just your imagination: Sales of pre-owned aircraft have climbed and inventory has shrunk.
JetNet reports that pre-owned business aircraft sale transactions between January and July increased 11.2 percent compared with the same seven-month period in 2010, and turboprop sales increased 3.7 percent. Pre-owned inventories continued to decline gradually in July, to 13.7 percent for business jets and 10.1 percent for business turboprops versus the same month last year, representing 1.2 percent and 0.8 percent drops in inventories, respectively.
This trend means that if you’re in the market for a pre-owned jet, you’ll spend more time looking for the aircraft you want — and finding fewer options. That is, unless you work with a jet broker.
Less pain, more plane
Using a jet broker takes the pain out of buying an aircraft. You don’t have to waste valuable time searching through private jet sales listings, inspecting and haggling over the jet: You simply let an expert do it for you.
Companies such as L&L International will take down your requirements, work with you to refine them to meet your budget and business needs, and procure the perfect lease or finance plan for the acquisition of the aircraft. Your involvement consists of making the final selection and signing the bill of sale.
You may not know exactly which type of private jet is most suitable for your needs, but a jet broker can help you understand your options.
Dedicated service for sellers and buyers
If you already have a personal or corporate jet, you may find that you need to upgrade to a jet that carries more passengers, is capable of longer flights or is more luxurious than your current aircraft. If you have a jet for sale and also want to buy a new model, a jet broker is a valuable asset.
You are likely too busy to put in the dedicated hours required to secure both the best price for your own jet and for the jet you want to purchase. It’s your jet broker’s job to work tirelessly on your behalf to secure the best deal. Brokers have good relationships developed throughout the world of buying and selling jets. Thus, they are in the best position to research not only the best aircraft on the market, but also the best off-market deals.
In today’s market, a jet broker’s insider knowledge saves you time and effort — and presents opportunities you don’t want to fly by.