Dallas, April 22, 2019 - The used business jet market is in flux as a result of political uncertainties, increased availability of good pre-owned inventory, and limited access to pre-buy inspection facilities due to a higher demand for ADS-B conversions and retrofits, said Mente Group President and CEO Brian Proctor.
"As a result, we are beginning to see decreasing market values in what were relatively strong sectors last year," Proctor said. "Some of the higher-end markets are giving back price gains realized last year in a more buoyant environment," he added.
While pre-owned inventory grew in the first quarter of 2019, a divided Congress and Presidential politics have caused some fleet owners, especially individuals who own aircraft, to defer decision making. The lack of definition in the U.S. creates indecision in the biz jet marketplace and spreads around the world.
Prices Up in 2018, Down Already in 2019
"What we're seeing right now is that the super-midsize and up jets have given back most of the price gains that were made in all of 2018. For example, Challenger 350s were up 8 to 10
a modest recovery in South America. There's more stability in the key countries of Brazil, and Chile, and Argentina. However, there is obviously upheaval in Venezuela that is expanding to its neighbors. But as you go further south, the economies are stabilizing to some degree."
"Western and Central Europe is reeling from the Brexit turmoil, and until that gets figured out, we won't see much activity there, however we are seeing more activity in Eastern Europe," White added.
Mente Group, Embry-Riddle, Aero Law Flight Department Conference
Amidst the economic uncertainty around the world, Mente Group, in conjunction with Embry-Riddle Aeronautical University and Aero Law Group PC, is planning a week-long conference designed specifically for flight department leaders and managers.
White, who will be an instructor for the course, said, "The syllabus will be conducted by well-qualified aviation professionals with many years of experience from the three participant organizations. The week-long learning course, entitled The Business of Business Aviation, will be conducted at the David B. O'Maley College of Business, Embry-Riddle Aeronautical University." To register for the course go to: BusinessofBusinessAviation.
Full-Service Aircraft Consulting
Mente Group is a full-service aircraft consultancy. It serves large corporations, growth companies and private individuals worldwide. Its advisors have handled more than $10.5 billion in aircraft transactions and performed more than 500 business jet consultations. The company also offers completion management services to include interior outfitting oversight and new business aircraft delivery. For more info see www.mentegroup.com.
Mente Group partners with many of the world's largest corporations, prominent entrepreneurs, growth companies, and private individuals, including Andor Capital, Bank of Texas, BNSF Railway, Capital One, Delhaize Group, Entergy, Food Lion, JPMorgan Chase, LG, MassMutual Financial Group, Medical Properties Trust, MetLife, Northpark Management, Inc., Quexco, Inc., Raytheon, Sprint, Stanley Black & Decker, Summit Alliance, and Williams-Sonoma. It is a member of the International Aircraft Dealers Association (IADA).
