Steve VarsanoFounder at The Jet Business

How to sell a $22,000,000 private jet.

Name: How to sell a $22,000,000 private jet.
Uploaded: 2024-09-02T18:35:20+00:00
Duration: 29 s
Channel: Steve Varsano
Description: Two aviation brokers price a G550 jet at around $22 million, factoring in a past tail impact and elevator replacement. They warn the owner that in 6 to…

2 Sept 2024 · 0 min

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0:29

Two aviation brokers price a G550 jet at around $22 million, factoring in a past tail impact and elevator replacement. They warn the owner that in 6 to 12 months, the value could drop below $20 million, requiring a formal valuation and brokerage agreement to sell.

Does he have any kind of number in his head?
26 or 27.
I mean, we have a 2 with a forward galley that you could buy for and then you have a rear galley. I think the airplane's more in the low 20s than in the high 20s.
Okay.
Do you know what the damage history is on the airplane?
Like a damage per se?
Hit the tail and they replaced the elevator. That is damage. Oh, yeah. And does the airplane have any kind of Wi-Fi?
Yeah.
In the back of his head, whether he wants to admit it or not, is really something in the low 20s.
Expecting to get between 21 and 22. I'm figuring out a client that is looking for an older 550, 2004, 2005. You think they're going to be lower than $7K?
No, no, no. Right now your G5s are maybe at that price, but G550s, they're still in the range. But your airplane in 6 months, 12 months might be under $20K. If that's the case, we can do evaluation for him. But if he engages us on a mandated basis to represent him, sell the airplane for him, we'll do a full-blown valuation