In August 2012, GKN Aerospace in Europe was awarded a contract to supply composite winglets and ailerons.
In March 2012, Meggitt, an international company in the United Kingdom that specializes in components and sub-systems for the aerospace industry has been awarded a contract to supply fire protection systems for the Global 8000. There will be ongoing variable hourly operating costs and fixed hourly operating costs to consider.įind our more in the Bombardier Global 5000 Buyer's Guide.In September 2011, final construction of the aircraft started at Bombardier’s manufacturing site in Toronto, Canada, while the aft fuselage is constructed in Queretaro, Mexico. When assessing whether an aircraft is affordable for the budget, buyers need to remember the costs don’t stop at the acquisition of the aircraft. What Else Should a Bombardier Global 5000 Buyer Consider? Once the fleet for sale drops to less than 10% the opposite is true, and the market is defined as a sellers’ market. As a rule of thumb, newer aircraft (i.e., those aged below five years) tend to generate more market interest.Ĭombined with a relatively small proportion of the fleet being on the market, this may give the seller a stronger position to obtain a desired sale price, particularly when the market is active and healthy.Īs a rule of thumb, when over 10% of a fleet of aircraft is for sale the market is defined as a buyers’ market (meaning that buyers have greater control over eventual sale prices). Other items that can have an impact on a Bombardier Global 5000’s value on the used market is the percentage of the fleet for sale, along with the age of a particular aircraft’s airframe and engines. A detailed pre-purchase inspection will be required, looking for any signs of corrosion in hard-to-access places.Īll these factors and many others will have a significant effect on a final sale price agreed in a Bombardier Global 5000 transaction.ĭoes the Global 5000 Fleet for Sale Number Matter? When assessing an aircraft’s maintenance condition, buyers should account not only for the obvious wear and tear to the business jet’s cabin and paintwork, but also when any expensive scheduled overhauls or inspections are scheduled to take place, and whether (or not) the aircraft has been enrolled on an hourly maintenance cost program or remains under warranty. An agreed price will account for several factors, including the year the aircraft was built how it is equipped and configured when compared with other aircraft within its fleet which modifications and/or upgrades have been made and their impact on performance and operating costs and the aircraft’s overall maintenance condition. Due diligence is required when assessing any aircraft for sale.Ī specific used Bombardier Global 5000’s fair market value is something that is negotiated and eventually agreed between the buyer and seller.
Those who are shopping for a Bombardier Global 5000 need to factor into their buying decision that the condition and value of one aircraft within the fleet can differ enormously from an apparently similar jet. What Impacts a Bombardier Global 5000’s Price?
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