At $9.7 Million a Pop, Private Jets Are Luring Buyers Again
- Prices remain depressed but planes aren’t lingering for months
- ‘It shifted to seller’s market at start of year,’ says broker
If anyone’s looking for further evidence of a strong economy, here’s a sign: Wealthy individuals and companies are starting to snap up used private jets before they get too expensive.
Take Steven Myers. A private-equity financier and a licensed pilot, Myers had been patiently looking to buy a jet for years. But when he began noticing a drop in the number of planes for sale a few months ago, he moved quickly to buy a Cessna CJ2. (Myers wouldn’t say how much he paid, but the 2002 model he bought is listed at about $2.4 million).