CUSTOMER PLATFORM

September 26, 2023

Key markets indicate Q4 is the time to buy!

Key markets indicate Q4 is the time to buy!

Now is the time to buy!  We expect a strong Q4 in aircraft sales based on activity to date and an analysis of our top 4 key markets – G450, G550, G650 and Falcon 7X.

 

G450 Market:

The current market: Pre-owned Gulfstream G450 inventory is at a 24-month peak while the market anticipates a rush of Q4 buyers. Demand is elevated in this market, but additional inventory has outpaced sales over the previous 90 days.

Price range: Asking prices range from $11.000M from $20.900M. The current average asking price is $15.740M, down from August’s average asking price of $15.950M, and a 15% decrease from August 2022.

 

G550 Market:

 The current market: There are currently 53 aircraft in the pre-owned inventory. This represents the largest number of G550’s available for sale in history. Pricing reached its historic high in Q2 of last year and has slowly declined since. Overall demand is expected to remain strong, with prices likely to remain stable through Q4 2023.  

 Price range: Asking prices range from $14.00M to $38.00M. The current average asking price is $22.19M, which is slightly down from July 2023’s average asking price of $23.270M, and roughly a 3% decrease from July 2022. 

 

G650 Market:

The current market: Pre-owned Gulfstream G650 inventory is among the lowest of any large cabin/ultra long-range aircraft. There have been 6 sales and 9 aircraft added to market in the previous 90 days, highlighting strong activity during the historically slower summer months. This activity has slowed moving through Q3.

Price range: Asking prices range from $37.995M to $66.000M. The current average asking price is $46.000M, which is down from August average asking price of $47.250M, and an 11% decrease from August 2022.

 

Falcon 7X Market:

The current market: There are currently 19 aircraft in the pre-owned inventory. This market has remained active in Q3. There have been 5 transactions so far this quarter. Inventory has steadily increased since June, which may place downward pressure on pricing. We expect transactional activity for the 7X to stay strong into Q4.

Price range: Asking prices range from $17.90M to $25.50M. The current average asking price is $21.40M, which is slightly down from the average Q3 2023’s average ask price of $21.83M.

 

If you’re ready to sell, looking to buy, give us a call.  We have Managing Directors in each of our territories ready to assist you.  Call our main office at 214-351-9595 and we will connect you with your local representative.

TESTIMONIALS

plane

Mente Group is an industry leading company that provides an aircraft valuation program that is essential for flight departments to know and understand the fair market value of their aircraft. This program allows for customization of depreciation curves, aircraft detail and comparisons, valuation of the optional equipment installed, and updating the current flight times to have the most complete fair market value of your aircraft on a monthly basis. Mente Group also has a licensed Aircraft Appraiser on staff to provide annual aircraft appraisals for property tax valuations. We have saved significant sums of money on property taxes every year. Finally, Mente Group provides outstanding brokerage services and analysis of the flight department needs in terms of aircraft and personnel required based on company’s travel requirements.

-Manager of Aircraft Maintenance – Fortune 500 company

It was not just the very professional way that Mente Group handled the disposition of our current aircraft and the acquisition of the new aircraft that sets them apart. They provided us with an extraordinarily detailed analysis that helped clarify our decision. They also provided completion insight that I don’t believe anyone else in the industry has resident in their firm. Finally, they helped our treasury department mitigate a tax issue on our existing airplane with the assistance of their asset advisory team. I simply don’t know of any other firm that has the breadth of knowledge that Mente Group has.

-Vice President of Flight Operations

It has been great working with Mente Group.  As always, they expertly handled the relationship piece and kept us in the loop so we could keep our principal informed and calm. I assumed from the beginning that Mente would be a good fit, primarily because I personally know most of the team quite well.  That confidence was validated every step of the way.

-Retired Aviation Industry Executive

I would highly recommend Mente group in both the sales and acquisition of an aircraft.  They took the time to clearly understand my needs, provide competitive information, assist in the negotiation process, and complete both a sales and acquisition process. Their follow up and communication was exceptional throughout the process and second to none.  There is only one place I would turn for help in my next acquisition.

-CEO

I meant it when I said what a pleasure it was to work with professionals for a change.  It was refreshing to deal with calm, rational people who worked towards mutually beneficial solutions.

-Vice President – Aviation Lender

I wanted to thank you for the terrific job Mente did helping us acquire our new G450. This being our first aircraft we had no clue where to start or how to avoid the pitfalls in the marketplace. Mente took us by the hand and led us through the process with tremendous patience. For us, Mente’s most valuable asset is your ability to read and react to market conditions quickly to provide strategic guidance. We got much more airplane than we dreamed possible by listening to your counsel.

Thanks again for a great experience!

– Director of Marketing and Public Relations