Buying&Selling 1.qxp_Finance 21/12/2021 09:10 Page 1
BUYING & SELLING AIRCRAFT
Buying a Jet in 2022? Tips to Start the Process If you are planning on buying a used business jet or turboprop in 2022, where do you begin? Dave Higdon shares some tips to help get your foray into the market off to the best start…
A
ccording to JETNET iQ’s December ‘Pulse’ report, what appeared as the nascent easing of business aircraft market pressures at mid-year took a battering from a pair of Covid-19 variants as the year rolled toward its inevitable conclusion. “Would-be buyers of late-model pre-owned aircraft have had few, if any, good alternatives to select from for much of the past 12-plus months, further bolstering OEM sales in an environment of stronger pricing,” the report said. For most of 2021, good, late-model pre-owned business aircraft have been in short supply. So much so that pricing helped make new-production models a financially competitive alternative to those attractive, late-model pre-owned aircraft – providing, of course, that you can find one that matches your operating needs. “For the OEMs, 2021 has been – and will continue to be – a year to long remember, when orders were well in excess of deliveries, and firm order backlogs were replenished,” said JETNET. “We expect that
50 Vol 26 Issue 1 2022 AVBUYER MAGAZINE
business jet manufacturers will deliver just shy of 700 new business jets in 2021, up approximately 11% over the Covid-reduced levels of 2020. “Year-over-year delivery volume increases will be broad-based across all aircraft size categories, led by a resurgent Textron Aviation.” Price competition helped boost those orders, at least in part because of demand for pre-owned jets and turboprops under 10 years old. And now, due to the two new Covid-19 variants, higher demand looks set to continue well into 2022. So, what should a would-be buyer do? If you hope to find the perfect business aircraft for your operation in 2022, you are going to need some trusted dealers and brokers on speed dial. At a time where buyers are already active – and prices are rising – shop early, and shop diligently.
The Fundamentals Still Apply…
Hard times may tempt the unwise to hurry the process and jump on the first “good deal” to present itself. The old proverb “act in haste, repent at leisure” would www.AVBUYER.com
