Sales Up: “No Line to Board Private Jets, but There Is a Line to Buy Them”
January 1, 2020
“Mr. Papariella’s clients often look to buy used jets, some decades old, that still perform at a high level but cost less up front, he said. A Gulfstream G4 from 2002 might cost $3 million — far better than $60 million plus for the current G650. But that old Gulfstream still costs $1 million or more a year to operate, he said…
A lawyer who advises on jet purchases said the plane was just another asset for his billionaire clients. Many of them are happy for the plane to sit idle when they’re not using it, even if it entails paying for a crew to be at the ready…”
https://newsbureau.co.za/no-line-to-board-private-jets-but-there-is-a-line-to-buy-them/