Private-jet glut spurs ‘insane’ bargains for aspiring buyers

PRIVATE JET PRODUCTION has outpaced demand creating a buyers market for used jets. Above, a Citation Sovereign + from the Cessna branch of Textron Inc. / COURTESY TEXTRON INC.
PRIVATE JET PRODUCTION has outpaced demand in recent years, creating a buyer's market for used jets. Above, a Citation Sovereign + from the Cessna branch of Textron Inc. / COURTESY TEXTRON INC.
NEW YORK - 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…

Want More Free?

To access 2 more articles, please log in or register for free.

Registered users get access to a limited number of free articles every month.

Register Now

Already registered? Login to access more free articles.

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -