Whereas most of 2014’s G650 sales scraped by at above $70MM.The recent year’s few post-closing (and some unauthorized pre-closing) G650 sales are beginning to look like coal in a Christmas stocking.
This year’s crop of G650 sales, including some immediate post-delivery sales (a windfall for Charleston SC FBO’s and other local low tax/tax free states and their FBO’s) have left those early buyers with an instant multi-million dollar depreciation….Although, a few mill. here and there is probably chump change to the G650 ‘club’.
Aviatrade can now report the first ever sub-$60MM sale of a G650…albeit a relatively high-time former G650 demonstrator. Self-evidently, not even the queen of the skies is immune to the overall depressed market for pre-owned bizjets.
Any owner currently trying to sell an ‘exotic’ G650 (read..mostly non-European/US owners) will suffer at the hands of the bargain-hunters. One such G650 currently for sale has a bedroom and shower in the aft cabin…(hmmm…did I hear payload/weight and balance issues ?)….this one will clearly be sold to a soapy OCD/narcoleptic.
There are some bargains among the 650’s…but as usual, it’s caveat emptor and just like the new international money transfer/banking protocol…KYC !
Latest Blog Posts
The current Gulfstream pre-owned aircraft marketplace is showing distinct signs of stress. This is good news for anyone considering an acquisition of one of the long range Gulfstream models, especially G650ER.
The selected Pre-Purchase Inspection facility will perform a records review that will highlight any deficiencies in both the physical and digital records.
The startling bizjet price run-up of the covid era is a thing of the past and not only are more bizjets coming to market but buyers are once again able to be quite selective when evaluating the options.
