AVJET CORPORATION MARKET TRENDS >
GULFSTREAM MARKET ON COURSE TO END 2010 STRONGLY
December 22, 2010
During 2010, at various points throughout the year one or more Gulfstream large cabin markets (GIV/IVSP, G450, GV and G550) were typically seeing robust activity at the expense of other markets. During the course of the year it was a very rare occurrence that all the large cabin models were seeing strong activity at the same time. Such is now the case in the 4th quarter as we end a strong year in the Gulfstream markets. All Gulfstream large cabin markets are seeing tight reductions in inventory and rising prices in December which bodes well for the start of 2011.
The tightest markets are the GV market with only three (3) aircraft for sale, the G450 market with only four (4) aircraft for sale and the G-IVSP market with six (6) aircraft for sale. In addition the G550 market, which has lagged somewhat over the past few months, has recently seen three (3) aircraft go under contract with a fourth expected soon. The G-IV market, although not quite as strong as the other markets mentioned here, has been the steady performer in 2010 with consistent trades each month and a recent 25% reduction in inventory. It seems that buyers in all price categories are finding Gulfstream aircraft as attractive values in the market place.
We are encouraged by the recent strong activity across the entire Gulfstream large cabin model range and are further optimistic by recent prices appreciation ranging from 3% to 5% on average for large cabin aircraft. Demand seems to be very steady as we close out 2010 and this along with tight inventories bodes well if demand continues or increases in the New Year. Avjet is the worldwide leader in Gulfstream sales and acquisitions. If you would like to review more in depth analysis of these markets or would like to receive our 2010 Year End Review please email us at sales@avjet.com.
About Avjet
Avjet Corporation is an international provider of aircraft charter and management solutions. Specializing in large-cabin, VIP aircraft, the company also offers expert assistance in aircraft sales and acquisitions. Avjet’s clients maximize the many benefits of private aviation, while reducing the cost and complexity of aircraft ownership. Avjet holds the highest safety ratings by the world’s leading auditing services.
The company is headquartered in Burbank, California, and maintains a global presence in Washington D.C., Seoul, Dubai, Abu Dhabi, Moscow and other locations around the globe.
To learn more about the company, visit www.avjet.com.
