Hangar8 launches repaint facility as nearly one in six UK owners look to sell their jets

16.5% of the UK’s 381 private jets are currently up for sale.
Facility could help add up to 10% to sale value of a used jet.
Hangar8 Aviation, the UK-listed global aviation management and charter company, has launched a new repaint facility at its headquarters in London Oxford Airport as new analysis reveals that 16.5% of the UK’s 381 private jets are currently up for sale.

The UK has the largest number of owned private jets for sale of any European country, making it a buyer’s market. However, Hangar8 advises owners looking to sell their aircraft that having it re-sprayed could increase the chances of finding a buyer whilst also increasing its sale price.

Dustin Dryden, Chief Executive Officer of Hangar8 plc, said: “There are a number of private jets up for sale at the moment so it is a buyers’ market. Owners need to find ways of making their aircraft more attractive. The cost of a re-spray can be around 1% of the value of an aircraft, but it could increase its value by up to 10%.”

Janus Kamradt, Sales and Marketing Director, Hangar8 plc, said: “Whilst some aircraft are booked in with us for a repaint as part of their overall refurbishment, so far the majority of repaints concluded at our new facility have been for aircraft that will soon be marketed for sale.” 

Hangar8’s analysis reveals that of the major European countries, Italy has the highest percentage of its private jet fleet up for sale (16.7%), followed by the UK (16.5%) and then Switzerland (15.3%).
Country  Percentage of private jet fleet up for sale  Number of private jets up for sale 

Italy

16.7%

22

UK

16.5%

63

Switzerland

15.3%

33

Austria

15.1%

33

Russia

14.2%

17

France

13.8%

33

Europe

14.3%

388

BlueSky Business Aviation News | 18th September 2014 | Issue #288
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