A Texas aircraft broker says used aircraft prices are stabilizing and newer used aircraft are in demand but there are still plenty of old business jets on the market. Rene Banglesdorf, CEO of Charlie Bravo Aviation, told AVweb in a podcast interview at NBAA in Orlando that while the market hasn’t recovered, it’s at least showing signs of recovery, even at the low end. “We’re seeing a lot of small and medium-sized aircraft selling and we’re hearing our competitors say the same thing,” she said. “There are a lot of people buying aircraft who have previously not bought aircraft because of the price barrier.”
Banglesdorf said aircraft less than 10 years old, especially those that are still in production, are in demand and only about 3 to 8 percent of those are on the market at any given time. That’s normal. What’s skewing things is that there are a lot of old airplanes for sale that are dragging prices down. CJ2s and 3s, along with late model King Airs, are hot tickets because of their modern avionics and low operating costs. Banglesdorf’s personal favorite? A nice-decade-old Cessna Excel.
