Pre-Owned vs. New
While the pre-owned business jet market has seen a stabilization in pricing and availability, many buyers continue to evaluate whether they should purchase a late-model pre-owned aircraft or wait for a new delivery. With backlogs still stretching multiple years, new aircraft availability remains tight, while certain pre-owned models are attracting strong demand.
New Delivery Market: Delays & High Demand
Several leading manufacturers are facing extended production timelines, which has influenced demand for pre-owned aircraft.
- Gulfstream: The G700, originally slated for an earlier release, only received FAA certification in March 2024 after prolonged delays. Demand remains strong, with Gulfstream reporting record order backlogs. The G800 is expected to enter service in 2025. (AIN Online)
- Bombardier: The Canadian manufacturer has positioned itself as a leader in the ultra-long-range sector, with the Global 7500 and upcoming Global 8000 in high demand. Bombardier delivered 138 jets in 2023 and forecasts a similar output for 2024, with production slots sold out well into the future. (Bombardier Financial Reports)
- Dassault: The French manufacturer has also faced extended timelines. The Falcon 6X, which finally entered service in 2024 after multiple delays, has seen strong demand, but the larger Falcon 10X, designed to compete with ultra-long-range jets, is now targeted for a 2027 entry into service. (AIN Online)
These delays mean that buyers who don’t already have a secured delivery slot may face years of waiting, further fueling demand for newer pre-owned aircraft.
The Pre-Owned Market
- As of early 2025, inventory levels for pre-owned jets have improved compared to the peak of the supply crunch in 2022–2023. However, for high-demand models, availability remains limited, and well-maintained, late-model aircraft are still commanding strong prices.
- The pre-owned market has seen an increase in listings, with inventory levels returning to pre-pandemic averages for certain segments. (AMSTAT)
- Prices have stabilized, but sellers of high-quality aircraft continue to see strong interest, particularly for models like the Gulfstream G650ER and Bombardier Global 7500.
- With new deliveries still constrained, some buyers are willing to pay a premium for low-time, well-maintained aircraft to avoid long waits.
Key Takeaways for Buyers
- If you need an aircraft now, the pre-owned market remains the best option for immediate availability, especially for high-demand models.
- If you’re set on a new aircraft, be prepared for long lead times unless you already have a secured production slot.
- Prices are stabilizing, but desirable, late-model pre-owned jets continue to command competitive pricing due to sustained demand.
Despite fluctuations in both new and pre-owned markets, one thing remains clear: business aviation demand remains strong, and buyers who act decisively will secure the best opportunities in this evolving landscape.
