Air Travel
The Glut of Private Jets Means ‘Insane’ Bargains for Buyers
- Used-plane prices still falling, with discounts on new models
- Manufacturers resist being first to blink in cutting output
Bringing Private Aviation to New Heights
Corporate-jet makers are flooding the market, spurring deep discounts for new aircraft and fueling a three-year slide in prices of used planes.
Most major manufacturers, including Gulfstream and Bombardier Inc. -- which is also contending with rising hurdles in its commercial-jet business -- have pared production somewhat in the last couple years as demand for private jets has sagged. But that hasn’t been enough to halt declines in aircraft values, say consultants, brokers and analysts in the $18 billion industry.