Trade in pre-owned business jets will outpace new plane deals by four-to-one by 2023.
Globally, second hand jet trade will account for $61 billion of trade by 2023.Trade in pre-owned business jets will outpace new plane deals by four-to-one as the global economy softens during the coming years.
Owner & Chairman of the Board at Jetcraft, Jahid Fazal-Karim, said in an accompanying statement that people who previously only bought new aircrafts are now "more willing to consider pre-owned." "New delivery units are forecast to flatten out as a result of an upcoming economic downturn, while pre-owned transactions continue to grow," read the analysis.
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