Steve VarsanoFounder at The Jet Business

How to sell a $25,000,000 corporate jet.

Name: How to sell a $25,000,000 corporate jet.
Uploaded: 2024-10-08T15:39:03+00:00
Duration: 2 s
Channel: Steve Varsano
Description: In a brief advisory conversation, a prospective buyer (Speaker B) outlines a budget of $20‑25 million for a midsize super‑jet capable of nonstop flights…

8 Oct 2024 · 0 min

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In a brief advisory conversation, a prospective buyer (Speaker B) outlines a budget of $20‑25 million for a midsize super‑jet capable of nonstop flights between London and Dubai, requiring seating for 13 passengers. The buyer identifies the Legacy 650 as a potential choice and asks about suitable aircraft age. The advisor (Speaker A) explains that the Legacy 650 entered service in 2011, with new prices ranging from $15‑20 million, and notes that used aircraft with 150‑250 flight hours are only slightly cheaper because fixed costs dominate. He emphasizes that higher utilization reduces the hourly cost. The advisor then lists comparable alternatives that meet the seat, range, and price criteria, including the Bombardier Global 5000, Gulfstream G450 and G550, and Dassault Falcon 900, highlighting the flexibility these options provide within the buyer’s parameters.

What kind of budget are you thinking and what kind of acquisition cost?
It'll be between $20 to $25 USD. Looking to buy a midsize superjet capable of nonstop between London and Dubai. The Legacy 650 look like a good option because obviously 13 passengers. If you were after a Legacy 650 now, what age range would you be looking at?
I think the Legacy 650 started in 2011 and the price on those, the cheapest one that's out there today is probably $15 million and it goes to $20. That's what the airplane costs new. You find 150 hours or 250 hours is a small incremental amount difference because your fixed costs are the biggest number. So the more you fly, the less it is per hour. You can get a Global 5000, you can get a G450, 550, you can get a Falcon 900. There's a lot of airplanes that fit in that number of seats, that price bracket, with that range. And the Legacy or the 450, it gives you just more fudge factor.
All right, thank you everyone. Thank you everybody.