U.S. private jet buyers seek distressed planes in early sign of turbulence

Published by
Reuters

By Allison Lampert (Reuters) – Some U.S. business jet buyers are looking for new aircraft whose current owners are having trouble making payments ahead of delivery, in a possible sign of early cracks in what has been a soaring market up to now. From preowned planes selling more gradually to flattening business jet traffic, demand is beginning to moderate, aviation lawyers, brokers and analysts said. While defaults remain rare, those signs of uneven demand are drawing attention. One business jet executive said he has seen a few distressed planes and customers who are late on payments due to fin…

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