March 5, 2020
Jetcraft, the global leader in business jet sales and acquisitions, is reporting strong activity at the beginning of 2020 as owners seek faster upgrades to new or longer-range models.
This activity can be attributed to the start of the Bombardier Global 7500 resale market, increased trade-in transactions to the company’s owned and listed inventory, and the ability to capitalize on both high and low performing regions through Jetcraft’s global reach.
Chad Anderson, President at Jetcraft, says: “The speed with which buyers are upgrading is unprecedented, with average ownership cycles now taking 4-5 years, down from the previous 7-10 years.”
Anderson cites the start of the Bombardier Global 7500 resale market as a key source of activity. “The Global 7500 resale market has begun and energy around the product is building. We sold one of the world’s first pre-owned 7500 jets at the end of 2019 and closed a second one this past February. We have other 7500 options coming soon, and the more units Bombardier delivers, the more acceptance this flagship seems to receive.”
As one of few companies with the ability to take in aircraft trades, Jetcraft is seeing a surge in trade-in activity right now.