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As Luxury-Jet Sales Heat Up, Even Used Planes Get `Picked Over’

  • U.S. tax cuts, economy bolster outlook as more companies buy
  • Rebound comes as Embraer, Bombardier, Gulfstream models debut
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$10 Million Private Jets Are Attracting Buyers
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Buying a used business jet is getting harder -- and that’s a sign of a long-awaited shift in the market for luxury planes.

Only a dozen or so pre-owned Falcon 7X planes are on the market now, down from about 35 a year and a half ago, says Steve Varsano, an aircraft broker in London. When a client wanted to buy the Dassault Aviation SA model, the tightening market pushed him to bid sight-unseen on a plane in India.