Are private jets ACTUALLY getting cheaper?

Are private jets ACTUALLY getting cheaper?

Postby morningrise on Tue 14 Nov 2017, 5:53 pm

I saw this news story today that made me raise my eyebrows :heyhey:

It seems like private jet ownership is getting easier, according to the Economist at least:

https://www.economist.com/blogs/gullive ... e-aircraft

Is anyone actually aware of this price drop to the extent of buying one knowing someone who has bought one, or indeed, bought one themselves? :D

Interested to know.
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morningrise

Re: Are private jets ACTUALLY getting cheaper?

Postby tankbuster on Tue 14 Nov 2017, 9:02 pm

Great news, maybe I can have a Gulfstream 6 for Christmas :smile:
Trevor C
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tankbuster

Re: Are private jets ACTUALLY getting cheaper?

Postby Flare Path on Thu 16 Nov 2017, 11:42 am

morningrise wrote:It seems like private jet ownership is getting easier, according to the Economist at least:

https://www.economist.com/blogs/gullive ... e-aircraft


Interesting read. Thanks. :up:

Easier if you have the finances to purchase one - the majority would still be tied to wealthy companies and-the-like, which is expected. In addition, I'm not reading a great deal on private ownership in that article, but would certainly be interested in the information.

Prices have moved, due to oversupply - hopefully the long-term impact will not cause big issues for Bombardier or Gulfstream, but the signs are not great, with weak demand still an issue.
Flare Path

Re: Are private jets ACTUALLY getting cheaper?

Postby parsley on Thu 16 Nov 2017, 7:21 pm

Flare Path wrote:
morningrise wrote:It seems like private jet ownership is getting easier, according to the Economist at least:

https://www.economist.com/blogs/gullive ... e-aircraft


Interesting read. Thanks. :up:

Easier if you have the finances to purchase one - the majority would still be tied to wealthy companies and-the-like, which is expected. In addition, I'm not reading a great deal on private ownership in that article, but would certainly be interested in the information.

Prices have moved, due to oversupply - hopefully the long-term impact will not cause big issues for Bombardier or Gulfstream, but the signs are not great, with weak demand still an issue.


Bombadier's new Global 7000 which excluding airliner derivatives is the largest purpose built executive jet with a list price of USD75 million and due to enter service with customers next year is already sold out through 2021 at present
parsley
UKAR Supporter

Re: Are private jets ACTUALLY getting cheaper?

Postby Marathon Milkshake on Fri 17 Nov 2017, 7:28 am

parsley wrote:
Flare Path wrote:
morningrise wrote:It seems like private jet ownership is getting easier, according to the Economist at least:

https://www.economist.com/blogs/gullive ... e-aircraft


Interesting read. Thanks. :up:

Easier if you have the finances to purchase one - the majority would still be tied to wealthy companies and-the-like, which is expected. In addition, I'm not reading a great deal on private ownership in that article, but would certainly be interested in the information.

Prices have moved, due to oversupply - hopefully the long-term impact will not cause big issues for Bombardier or Gulfstream, but the signs are not great, with weak demand still an issue.


Bombadier's new Global 7000 which excluding airliner derivatives is the largest purpose built executive jet with a list price of USD75 million and due to enter service with customers next year is already sold out through 2021 at present


How many will they actualy manufacture a year? saying the order books are full until 2021 is okay, but if only say 15 are produced a year thats not many and 2021 is only 3 years and a month or so away. Also next year could be any given time between January and December that cuts the numbers down even more....

Just curious, I know nothing about these things.....
Marathon Milkshake

Re: Are private jets ACTUALLY getting cheaper?

Postby morningrise on Fri 17 Nov 2017, 9:17 am

Yeah, I find the whole topic of private jet ownership pretty interesting. Do you think this will have any effect on hiring jets? I guess they are two different markets, those who love to fly (or get flown by someone else) and those who travel privately for business every once in a while. I've seen this link, which seems to be some sort of Skyscanner for private jets: https://www.jetapp.co.uk/ Looks like they are offering premium jets like the Airbus 320 and Boeing BBJ, which (I assume) aren't easy to get easy access to! :D So will be interesting to see how these two markets co-exist with one another.
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morningrise

Re: Are private jets ACTUALLY getting cheaper?

Postby parsley on Fri 17 Nov 2017, 7:36 pm

Marathon Milkshake wrote:
parsley wrote:
Flare Path wrote:
morningrise wrote:It seems like private jet ownership is getting easier, according to the Economist at least:

https://www.economist.com/blogs/gullive ... e-aircraft


Interesting read. Thanks. :up:

Easier if you have the finances to purchase one - the majority would still be tied to wealthy companies and-the-like, which is expected. In addition, I'm not reading a great deal on private ownership in that article, but would certainly be interested in the information.

Prices have moved, due to oversupply - hopefully the long-term impact will not cause big issues for Bombardier or Gulfstream, but the signs are not great, with weak demand still an issue.


Bombadier's new Global 7000 which excluding airliner derivatives is the largest purpose built executive jet with a list price of USD75 million and due to enter service with customers next year is already sold out through 2021 at present


How many will they actualy manufacture a year? saying the order books are full until 2021 is okay, but if only say 15 are produced a year thats not many and 2021 is only 3 years and a month or so away. Also next year could be any given time between January and December that cuts the numbers down even more....

Just curious, I know nothing about these things.....[/quote

Hard to give an exact number,as the 7000 and the smaller, longer range 8000 will come off the same line and Bombardier aren't that open on number of orders however a leading industry analyst estimated at time of first flight at the end of 2016 that there were approximately 200 orders,the majority 7000's
parsley
UKAR Supporter


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