In a survey of EU business aviation companies taken by Dubai-based aircraft sales and acquisitions company ArcosJet, 60 per cent of respondents expect average prices for pre-owned business jets to keep growing over the next six months. At the same time, a similar 60 per cent of the respondents believe that pre-owned inventory will start growing in the second half of 2022.

The survey covered fleet operators (73 per cent of the respondents), business jet brokers and dealers (13 per cent), handling and FBO companies, as well as financing institutions from Austria, Germany, Spain, Italy, Poland, Finland, France, the Czech Republic, Switzerland, Sweden and Estonia.

"Today, players in the pre-owned business jet market find themselves in a unique situation, when the shrinking number of pre-owned aircraft put out for sale is driving the average price to record highs," says sales and marketing director, Europe Yuri Dzun. "This is quite a challenge for the entire industry; brokers, buyers and sellers alike. Our survey findings indicate that the market does not expect the situation to change for at least six months."

The respondents also believe that, among local markets, the biggest shortage of supply is observed in the US (46 per cent) and in Europe (40 per cent).

Just under half (47 per cent) put the best time for selling an aircraft between five and 10 years of operation; 40 per cent think an aircraft should be sold after 10 or more years of service, while only 13 per cent are ready to sell their jets before they reach five years of age.

Buyer preferences among flagship long range models cover basically the entire range of models offered; Global 7500 (40 per cent), Gulfstream 700 (40 per cent) and Falcon 10X (20 per cent), while only the Global 7500 is already in production and service.

In the large business jet segment, the respondents are willing to consider the entire model range on offer, with a slight tilt towards the Challenger and Falcon platforms. In the midsize and light business jet segments, the situation is similar, with the respondents showing slightly more interest in the Pilatus PC-24 and Phenom 300 models.

Market surveys taken by ArcosJet help the company better understand the market situation, as well as expectations and demands of its customers. The company shares its survey findings among the business aviation community to promote a friendly, transparent and client-oriented atmosphere in the market.

Earlier this year, ArcosJet published the results of its research of the business jet market in Russia and the CIS, and in the Middle East.