Mente Group predicts busy December for used aircraft transactions

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“The next three weeks will really be busy,” says its CEO Brian Proctor

Mente Group’s business outlook regarding pre-owned business jet sales and purchases for the remainder of 2019 is active, according to a press release.

Mente Group is a leading broad-based consulting firm that specializes in used aircraft transactions.

“With more aircraft on the market recently, buyers and sellers are seeking to make deals before the end of the year to hedge against the economic, political and tax uncertainties that 2020 might bring,” says Mente group president and CEO Brian Proctor.

Jetcraft projects new and used private jet sales to reach $30 billion per year by 2023

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Despite the seemingly rosy forecast, figures underline how the industry has now struggled through a decade of tepid recovery

Private jet broker Jetcraft has released new research predicting 11,765 pre-owned transactions over the next five years, equating to $61 billion in value, and 3,444 new deliveries, representing $90.5 billion. By 2023, the total market for used and new deliveries will exceed $30 billion annually. Pre-owned business aircraft transactions are expected to outpace those of new deliveries four to one.

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