50 SKY SHADES - World aviation news

Gulfstream G-IVSP transactions double in first nine months of 2015

Download: Printable PDF Date: 04 Oct 2015 09:18 category:
Publisher:
Gulfstream G-IVSP transactions double in first nine months of 2015 - Business aviation publisher
Tatjana Obrazcova
Country: United States

The total amount of Gulfstream G-IVSP transactions doubled in the first three quarters of year, according to The Hagerty Group’s first Gulfstream market report.

The company says that there were 11 Gulfstream G-IVSP transactions in the first nine months of 2014, versus the 26 transactions during the same period in 2015.

According to Hagerty, Gulfstream IVSP sale prices have also fallen, with aircraft dropping almost 20% of their value. The company attributes this to falling Gulfstream V / G450 values.

“The (Gulfstream) IV-SP market is struggling between the older straight GIV’s which are selling consistently below $4M and the GV market which is now dipping below $10M. Late model IV-SP’s and G400’s are competing with the older G450’s in the low teens. HJG thinks the IV-SP market will see continued downward pressure on price for the near term with stabilization on the horizon” says the report.

Although the first issue of the reports only covers large cabin Gulfstream jets, the company is hoping to cover Gulfstream’s mid-cabin jets at a later date.



Loading comments for Gulfstream G-IVSP transactions double in first nine months of 2015...


Recommended

Corona pandemic considerably impacted Lufthansa result

The collapse in demand for air travel due to the Corona pandemic led to an 80 percent drop in revenue for the Lufthansa Group in the second quarter to 1.9 billion euros (previous year: 9.6 billion eur...

New Flagship of the best-selling turboprop family - Beechcraft King Air 360

Welcome the next generation of egendary King Air turboprop family - the Beechcraft King Air 360/360ER.The updated flagship turboprop offers the latest technological advancements in the cockp...

Eurowings extends flight programme by 26 new holiday destinations

The longer the corona crisis lasts, the more people's longing for a holiday from the crisis grows. Eurowings is serving the reawakening desire to travel from its main German airports with 26 addit...

DC Aviation Group - successful upgrade of a Global 5000 with the Gogo SCS Elite

The DC Aviation Group has completed the successful upgrade of a Global 5000 with the Gogo Elite Smart Cabin System. The aircraft was also equipped with an Inmarsat SwiftBroadband High Data Rate Servic...