Money » Preowned Aircraft

June 1, 2010
Looking for a bargain on a Cessna Caravan or other aircraft? You may find one
Every year the federal government auctions off to the public a handful of its used business-class jets, turbine helicopters and turboprops at prices that, at first glance, seem ridiculously low. Over the last decade, buyers walked away with deals that have included $30,000 for a Falcon 20, $101,000 for a Sabreliner 75A, $387,000 for a Turbo Commander 690A and $399,000 for a Gulfstream II.
June 1, 2010
As the used aircraft market's recovery continues, global issues are surfacing that could temper buyers' enthusiasm. Remember a couple of years ago, when we heard so much about the fast-rising BRIC countries-Brazil, Russia, India and China? Today the focus has shifted to the PIIGS-Portugal, Ireland, Italy, Greece and Spain, all of which have fairly weak economies and high debt.
April 1, 2010
As winter loosens its grip and spring arrives, a similar thawing process is taking place in the heretofore frozen tundra that the used-aircraft market had become. Trading has increased because sellers have accepted the new price territory that has been established-or is being established, depending on what model we're discussing.
February 1, 2010
After used aircraft inventory reached an all-time high last July, the market sustained a month-over-month decrease in supply, falling 8 percent below its peak of 3,100-plus.
December 1, 2009
WHEN 2009 BEGAN, the preowned market was like a punch-drunk boxer trying to regain his footing. Down but not out throughout the year, the industry struggled to build strength and stability after absorbing an uppercut delivered by an economic near-catastrophe and then a barrage of power-of-the-pen jabs thrown by often-sensationalistic journalists.
October 1, 2009
I recently was invited to the Los Angeles Dodgers' Sports Camp, or "fantasy camp" as some call it. Unlike most of the events I attend, this one was unique in that I was the only aircraft broker present. At lunchtime-after we'd spent the morning trying to look our best hacking at the fastballs and changeups that zipped our way-we were asked to recount our business experiences.
September 1, 2009
Granted, President Obama's use of a private, albeit publicly owned, jet for a New York date night in May might have done more to fulfill a campaign promise to his wife than it did to support our industry. Still, it was a show of support.
April 1, 2009
When House Financial Services Committee chairman Barney Frank grilled bank CEOs in a recent televised hearing, I was surprised and even a little proud that my 10-year-old, Maddie, showed interest in the proceedings.
February 1, 2009
By not defending the attributes of corporate aviation, the not-so-big three Detroit automakers dealt a blow to executive travel and corporate flight departments. They did further damage during their subsequent road trip to Capitol Hill, which came across as an admission of guilt. [See 'Defending your Jet']
December 1, 2008
In recent years, it seemed there were five buyers for every aircraft. Now it
The general population may think jet owners are insulated from economic downturns, but the growing fleet of used aircraft suggests otherwise. Since the beginning of the year, available used inventory has risen considerably.




““CEOs go to their vacation homes just after companies report favorable news, and CEOs return to headquarters right before subsequent news is released. More good news is released when CEOs are back at work, and CEOs appear not to leave headquarters at all if a firm has adverse news to disclose. When CEOs are away from the office, stock prices behave quietly with sharply lower volatility. Volatility increases immediately when CEOs return to work.” —David Yermack, a New York University finance professor, whose recently released study shows a correlation between when CEOs take their private jets on vacation and movements in their companies’ stock price ”

-David Yermack