Prices drop for smaller business jets

I was a bit surprised to read the Financial Times report that the prices of smaller, used business jets have “plunged to new lows.” FT.com explains that a one-year-old Learjet can be had for a 40% discount from the purchase price of a new jet. New jets are down 25-35% over the past 2-3 years as deliveries between 2008-2010 have dropped 57%.

Larger jets have fared much better due to a more well-off clientele like celebrities, billionaires, and governments.

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