Analyst Sees Bargains in Used Jet Market

Prices of used business jets have dropped 40 percent since 2008 and are now on average 15 percent below "market value," according to a recent report from AircraftPost president Dennis Rousseau. "Business jets are selling," he said. "In the medium and long-range jet categories, 50 percent more aircraft were sold in 2009 than 2008, but the majority are selling at an average 50 percent less than market price at the height of the market." Meanwhile, a new report from JPMorgan Chase found that inventory of current-production used models increased 10 basis points to 12.6 percent in February, but the company called this "a minor bump in the road to recovery."