Chad is the editor of AINalerts, AIN's daily business aviation newsletter, and is also the news editor at AIN Media Group.&nbsp;He has been writing about aviation, with an emphasis on business aviation, since 1994. Chad started his writing career at The Avion,&nbsp;the&nbsp;student newspaper at Embry-Riddle Aeronautical University in Daytona Beach, Florida, serving as editor-in-chief before graduating with a bachelor's in aeronautical science. After a stint as managing editor at Professional Pilot&nbsp;magazine, he joined&nbsp;AIN in late 1998. Chad holds a commercial pilot certificated with instrument and multi-engine ratings, and he also is a CFI/CFII. He lives and works from his home in Venice, Florida.

Online Editor

Chad Trautvetter

The inventory of pre-owned Gulfstream G650s/650ERs has been steadily decreasing since supply peaked at 21 aircraft for sale during the first quarter of last year, according to the just released fourth-quarter market report from Gulfstream broker Hagerty Jet Group. Over the past two quarters, supply has decreased to 12 aircraft for sale, representing just 5.4 percent of the fleet.

 


“What’s interesting to note is the lack of like-new or ferry time aircraft for sale,” the broker noted. During the peak supply, there were at least eight G650s for sale with ferry time versus just two at present. Many of the G650s now for sale are older models with higher time, “and there seems to be a lack of demand in the pre-owned segment,” the company said.

 


In fact, 10 of the 13 G650/650ER transactions last year were for ferry-time-only aircraft, Hagerty Jet noted. As a result, older pre-owned G650s are sitting on the market for 314 days, up from 209 days in the company's last market update. Because of this, asking prices are falling and Hagerty Jet believes those for older G650s will dip into the mid to upper $40 million&nbsp;range&nbsp;within the next 120 days.

News and developments about airplanes, helicopters and unmanned air vehicles used in all varieties of operations, including airlines, military, business, commercial, general aviation and private.

Broker: Used G650 Inventory Declines, along with Prices

Over the past two quarters, G650/650ER supply has decreased to 12 aircraft for sale, representing just 5.4 percent of the fleet.

2024 Corporate Aviation Leadership Summit

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News about simulators and training procedures, as well as workforce.

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News and developments about aircraft engines, including turbofan, turboprop, turboshaft and piston.

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