Steve VarsanoFounder at The Jet Business

How to sell a $15,000,000 corporate jet.

Name: How to sell a $15,000,000 corporate jet.
Uploaded: 2024-10-14T16:13:16+00:00
Duration: 10 s
Channel: Steve Varsano
Description: In this segment, Steve Varsini and an interlocutor discuss options for acquiring a midsize corporate jet suitable for a party of about 12 passengers with…

14 Oct 2024 · 0 min

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In this segment, Steve Varsini and an interlocutor discuss options for acquiring a midsize corporate jet suitable for a party of about 12 passengers with a budget around $15‑$20 million. They compare three primary models—the Gulfstream G450, Bombardier Global 5000, and Falcon 900EX‑EZ—detailing each aircraft’s passenger capacity, range (approximately 4,000 mi for the G450), and typical market price. The conversation also touches on the industry norm that a ten‑year‑old jet is still considered relatively new, prompting considerations of aircraft age versus annual flight hours when evaluating a purchase.

Do you have a number in your mind? Can I get a nice plane for $50 million? I do need a pretty big plane. Nothing more fun than taking the Grand Cayman or Colorado. Right.
I want to get something late, late model, maybe owned by one.
An airplane that's going to hold 12 people is probably going to be a little bit older than you want, but you could definitely get one. You're talking about a Gulfstream G450 is an airplane that holds about 12 people. It has a 4,000-mile range. So if you really want to go New York to London, you can. So a G450 350 is from $10 to $20 million. Then you have Bombardier. You can get, let's say, a Global 5000, and you can go get a Falcon 900EX-EZ LX that would cost you in that $15, $18 million range. So those are the 3 airplanes that can do what you want in that price range. But I'm telling you, if you get something that's 10 years old in this industry, it's not really considered old. How many hours you think you're going to use it a year? Right now I'd have to look.