Market Insights 2.qxp_MARKET INSIGHTS 19/04/2022 12:59 Page 1
MARKET INSIGHTS
The Pre-Owned Market Today:
An Appraiser’s View Are the premium prices being paid for private jets and turboprops today on the pre-owned market sustainable? Accredited Senior Appraiser of aircraft, Jeremy Cox, shares his thoughts with Matt Harris. eremy Cox, Founder and Owner of JetValuesJeremy, a professional aircraft appraisals company, has spent more than 20 years appraising aircraft. He filed his first appraisal report in 1999, and in the years that ensued, has appraised a vast array of aircraft makes, models and types. “I really enjoy the challenge of appraising one-off, unique aircraft,” he says, reminiscing about a personal favorite job in 2019 when he was asked to appraise what he identifies as “the world’s rarest business jet” - the McDonnell 119/220. The Model 119/220 was McDonnell’s candidate for the US Air Force’s ‘Utility Transport, Experimental’ solicitation, issued in 1956. Lockheed won the contract with its JetStar, and competitor North American Aviation’s Sabreliner went
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on to win the subsequent contract. McDonnell was left out in the cold, and instead attempted to market the Model 220 as a business jet. “When those efforts failed, McDonnell used the Model 220 for several years as its own executive jet”, he says. Ironically, the Model 220 was eventually replaced by a used Jetstar for McDonnell’s corporate transportation needs.” Jeremy received his initial accreditation as an appraiser in September of 2014 while working for a leading preowned business aircraft brokerage firm, having joined the National Aircraft Appraiser’s Association and spending a week in classroom-based training. “In 2018 and 2019, I was accepted into the American Society of Appraisers (ASA) Aircraft Valuation Program,
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