Buying a brand new jet means getting the latest technologies, including sustainable features. Bombardier’s Global 7500 aircraft, for example, is the first business jet to receive an Environmental Product Declaration, which publicizes each aircraft’s environmental footprint throughout the stages of its life cycle. The Global 7500 emits 15 percent less CO2, offers 8 percent better fuel burn and approximately half of the jet’s cabin interior components can be recycled. Similarly, Gulfstream is the first business jet original equipment manufacturer to offer sustainable aviation fuel and carbon offset program to customers.
Still, some consider buying pre-owned from an investment perspective, as new jets depreciate rapidly in the first two years of ownership. “In the pre-owned market, historically, the sweet spot is between about 4 and 10 years old,” says Joseph Carfagna Jr., President of Leading Edge Aviation Solutions, a private aviation consultancy. “For example, a Gulfstream G550 is typically used for about 350 to 400 hours per year. So the 4-year-old aircraft might have 1,400 to 1,600 hours and the 10-year-old one 3,500 to 4,000 hours.” Any older than that means the aircraft needs costly refurbishment, which may not make sense to spend if you are ready to sell.