Jetcraft is celebrating the completion of the world's first transaction of a pre-owned Embraer Praetor 600. The sale of the super midsize jet is added to the company's previous achievements facilitating transactions for the first pre-owned Gulfstream G500 and one of the first pre-owned Bombardier Global 7500s not long after certification.
Company president Chad Anderson states: “The Praetor 600 is one of the world's newest and most disruptive private jets, capable of flying further than any other super-midsize with non-stop travel between London to New York, or Oslo to Dubai. As we continue to see fresh innovations from OEMs, we're witnessing a step-change in ownership patterns. Some buyers are seeking to quickly upgrade their aircraft to the latest model, meaning a pre-owned jet can now be available a year or two after its original certification.”
The Praetor 600 transaction builds upon momentum for Jetcraft. Its 2020 sales were consistent with previous years despite the challenging circumstances of the COVID-19 pandemic, which saw a halt in aircraft sales during Q2.
Anderson adds: “We're seeing a pent-up demand for travel, with a healthy number of sale acquisition and trade-in enquiries already this year, buoyed by growing market confidence. With business aviation utilisation currently the closest it's been to pre-COVID levels, we're equally enthused about the prospect of new entrants to our industry, who are beginning their path to aircraft ownership by first experiencing air charter, jet card or fractional solutions. We're ready to support them when they want to take the next step to owning their own aircraft.”