Transactions of used private jets for sale are expected to rebound in 2021 after dipping due to COVID-19
Pre-owned private jet sales will dip to 1,617 units this year as the industry struggles with the challenges of the impact of COVID-19 on the selling process. Last year, there were 1,839 transactions of pre-owned aircraft, according to an annual market survey by Jetcraft.
Embraer announced the Praetor 500 and 600 midsize and super-midsize jets, while Honeywell’s Global Business Aviation Outlook forecasts up to 7,700 new business jet deliveries worth $251 billion through 2028
On the eve of the National Business Aviation Association’s (NBAA) annual convention being held here in Orlando, Honeywell released its 27th Global Business Aviation Outlook calling for “strong growth in the short to medium term, supported by several new airplane models coming to market and an improved used aircraft environment.” The new forecast predicts 7,700 new business jet deliveries worth $251 billion during the next decade. Earlier in the day at a hangar at Orlando Executive Airport, Embraer announced it was launching two new business jets, the Praetor 500 and 600.