Business Aviation
Pre-Owned Gulfstream Market Faces Inventory Shortage in Early 2026
Record 2025 sales depleted pre-owned Gulfstream inventory, causing scarcity in early 2026 amid supply chain delays and no G700 effect.

This article is based on an official press release and market report from Hagerty Jet Group.
The pre-owned Gulfstream market is currently experiencing a profound paradox: a record-breaking sales year has directly resulted in a severe inventory drought. Following an unprecedented surge in transactions throughout 2025, prospective buyers entering the market in early 2026 are finding themselves with historically few options.
According to the recently published Q4 2025 Year-in-Review and Q1 2026 Market Update from Hagerty Jet Group, a prominent aircraft brokerage specializing in pre-owned Gulfstream jets, the buying frenzy of late 2025 has heavily constrained the current market. The brokerage’s data reveals that 2025 was one of the strongest years on record, driven by stabilizing prices, favorable tax policies, and robust demand across multiple aircraft models.
As we navigate the first quarter of 2026, the central theme for industry professionals and buyers alike is scarcity. Hagerty Jet Group’s latest update focuses heavily on this dynamic, attempting to answer the pressing question of why acquiring a pre-owned Gulfstream has become such a formidable challenge in the current economic landscape.
2025 Year-in-Review: A Record-Breaking Market
The data provided by Hagerty Jet Group illustrates a steady and significant year-over-year climb in pre-owned Gulfstream transactions. In 2025, a total of 195 pre-owned Gulfstream Private-Jets, spanning the G650, G550, G600, G500, G450, and G280 models, were sold globally. This marks a substantial increase compared to the 170 transactions recorded in 2024 and the 132 transactions in 2023.
The G550 and G650 Lead the Charge
The Gulfstream G550 emerged as the undisputed top seller of the year. Hagerty Jet Group reported 76 transactions for the G550 in 2025, up from 64 in 2024 and 50 in 2023. Despite the high sales volume, supply for this model remained relatively healthy and consistent, with 35 to 40 aircraft available at any given time, representing approximately 6% of the active fleet. The brokerage noted that demand was particularly strong for 2012 and newer models equipped with forward-galley configurations.
Conversely, the G650 market experienced what can only be described as a rollercoaster year. In the second quarter of 2025, G650 supply hit an all-time high of 31 available aircraft. However, a massive influx of buyers quickly absorbed this inventory. By the end of the year, the available supply had plummeted to just six aircraft. Ultimately, the G650 saw nearly 50 pre-owned sales in 2025, a figure that doubles its historical norm.
Scarcity in Newer and Legacy Models
Other models tracked by the brokerage also exhibited unique market behaviors. The G600 recorded the lowest pre-owned inventory among the newer models, with supply sitting at a mere 1.5% of the active fleet. Meanwhile, the legacy G450 market, which saw a slow start to 2025 due to softening prices, gained significant momentum in the fourth quarter. Buyers capitalized on lower valuations, resulting in 12 transactions for the G450 in the final quarter alone.
Q1 2026 Dynamics: The Inventory Drought
The rapid absorption of inventory in late 2025 has set the stage for a heavily constrained market in early 2026. Hagerty Jet Group’s Q1 2026 update highlights that buyers are currently facing severe inventory shortages. Due to this low supply, the brokerage predicts that prices, particularly for the highly sought-after G650, will remain firm throughout the entirety of 2026.
Hagerty Jet Group’s Q1 2026 report centers on a pressing industry question: “Why is it so hard to buy a Pre-owned Gulfstream?”
The Missing “G700 Effect”
A significant factor contributing to the current inventory drought is the delay of the anticipated “G700 Effect.” Industry experts had previously forecasted that the introduction and Delivery of the new Gulfstream G700 would trigger a wave of pre-owned G500, G600, and G650 aircraft entering the secondary market as original owners upgraded their fleets.
However, this influx has not materialized. In their early 2026 update, Hagerty Jet Group noted that they haven’t seen any significant increase of supply on any models
resulting from G700 deliveries. Furthermore, as of early 2026, no pre-owned G700s or G800s have been advertised for sale on the secondary market, indicating that owners are holding onto their current aircraft longer than initially expected.
Macroeconomic Drivers Fueling the Squeeze
To fully understand the Gulfstream-specific trends reported by Hagerty Jet Group, it is essential to examine the broader macroeconomic factors influencing the business aviation sector in 2025 and 2026.
Supply Chain Pressures and Tax Incentives
OEMs, including Gulfstream’s parent company General Dynamics, continue to grapple with ongoing Supply-Chain issues. These pressures have resulted in new aircraft delivery backlogs averaging two years or more, stretching well into 2027. Consequently, many buyers who would traditionally purchase new aircraft are being forced into the pre-owned market, further exacerbating the inventory shortage.
Additionally, legislative actions have played a pivotal role in stimulating demand. The retroactive reinstatement of 100% bonus depreciation in the United States, backdated to January 2025, injected massive enthusiasm into the market. According to industry data, this tax advantage was a primary driver of the Q4 2025 buying frenzy and has carried its momentum into 2026.
Rising Utilization and Pricing Stability
Global business jet flight activity also saw a sustained uptick in late 2025, running nearly 8% above 2024 levels in the U.S. Increased utilization is traditionally a leading indicator of fleet refreshes; as aircraft fly more frequently, owners tend to upgrade faster, thereby sustaining pre-owned demand.
Finally, after the massive pandemic-era appreciation seen in 2021 and 2022, followed by a slight market softening in 2024, the 2025-2026 market is defined by pricing stability. The current market heavily rewards well-maintained aircraft with strong pedigrees, while older legacy jets are experiencing wider pricing spreads based strictly on their maintenance status.
AirPro News analysis
When we analyze the data presented by Hagerty Jet Group alongside broader macroeconomic indicators, it becomes clear that the pre-owned Gulfstream market is undergoing a structural shift rather than a temporary fluctuation. The combination of OEM backlogs stretching into 2027 and the failure of the “G700 Effect” to materialize suggests that inventory will remain tight for the foreseeable future.
Furthermore, the retroactive 100% bonus depreciation has artificially compressed the buying cycle, pulling future demand forward into late 2025. For buyers navigating this landscape in 2026, the strategy must shift from waiting for market corrections to acting decisively on well-pedigreed aircraft when they become available. The stabilization of prices indicates that sellers currently hold the leverage, and we do not anticipate a return to a buyer’s market until OEM supply chains fully normalize and G700 upgrades begin to meaningfully displace older models.
Frequently Asked Questions
Why is it currently so difficult to buy a pre-owned Gulfstream?
A record-breaking number of transactions in 2025 (195 aircraft sold) depleted available inventory. Combined with ongoing new aircraft manufacturing backlogs and owners holding onto their current jets longer than expected, the secondary market is experiencing a severe supply shortage in early 2026.
What was the top-selling pre-owned Gulfstream in 2025?
According to Hagerty Jet Group, the Gulfstream G550 was the top seller, recording 76 transactions in 2025, up from 64 in 2024.
Did the release of the new G700 flood the used market?
No. Industry experts anticipated a “G700 Effect” where owners upgrading to the new model would sell their older jets. However, Hagerty Jet Group reports no significant increase in pre-owned supply resulting from G700 deliveries as of early 2026.
Sources: Hagerty Jet Group
Photo Credit: Gulfstream
Business Aviation
SyberJet SJ36 Secures 50 Letters of Intent at NBAA 2026
SyberJet Aircraft received 50+ LOIs for its SJ36 light jet after debuting a full-scale mockup at Henderson Executive Airport.

SyberJet Aircraft has secured non-binding letters of intent for more than 50 of its in-development SJ36 light jets following the unveiling of a full-scale mockup at Henderson Executive Airport (HND) in Las Vegas. The manufacturer is positioning the new aircraft to disrupt the business aviation market by promising midsize-jet performance metrics alongside light-jet operating economics.
Announced in an October 21, 2026, press release, the commitments follow a dedicated “SyberJet World” event held on October 19 ahead of the 2026 NBAA Business Aviation Convention & Exhibition (NBAA-BACE). The event marked the first public display of the SJ36 cabin and airframe concept, allowing prospective buyers to evaluate the physical dimensions and interior technologies of the proposed aircraft.
Performance targets and cabin technology
The SJ36 is designed to push the boundaries of the traditional light jet category. SyberJet projects a maximum speed of Mach 0.88 and a maximum range of 3,000 nautical miles. If certified at these specifications, the aircraft would be capable of flying nonstop from Los Angeles to Hawaii or from Teterboro to Los Angeles. The design includes a maximum ceiling of 49,000 feet and is engineered to maintain sea-level cabin pressure up to 41,000 feet.
The cabin will accommodate up to eight passengers and incorporates several novel technologies for the light jet segment. According to reporting by Aviation International News, the SJ36 will feature a zero-emission auxiliary power unit (APU) and a speakerless cabin audio system developed by Bongiovi Aviation. The audio system utilizes transducers mounted on the backside of interior panels to deliver sound throughout the cabin without traditional speaker grilles.
Powering the SJ36 will be two Williams International FJ44-4A engines, a selection SyberJet originally announced on October 15, 2025. The flight deck will be equipped with the manufacturer’s proprietary SyberVision avionics suite.
SyberJet World was the first time our customers could walk up to the SJ36 and see what they have committed to, and the response was incredible.
Market positioning and economic claims
SyberJet claims the SJ36 will reduce charter rates by up to 50 percent compared to midsize jets while offering comparable range and speed. The company also projects that the aircraft will save operators up to two hours each way on coast-to-coast trips compared with existing light jets on the market.
SyberJet Chief Executive Officer Trevor Milton emphasized the dual appeal of the aircraft’s performance and operating costs in the company’s October 21 statement.
More than 50 commitments tells us the market has been waiting for innovation. Light jet buyers have always had to choose between speed, range and cost. The SJ36 lets them have all three. We are only on day one, imagine where we will be in a few months with orders.
The 50 commitments announced by the company are letters of intent (LOIs). These are non-binding indications of interest and do not represent firm purchase agreements or guaranteed deliveries. All performance figures for the SJ36 remain projected design targets based on preliminary data and have not yet been certified by the Federal Aviation Administration (FAA).
Reviving the SJ30 legacy
The SJ36 program builds upon the aerodynamic foundation of the Sino Swearingen SJ30, a light jet originally designed in the 1980s and 1990s. While the SJ30-2 eventually earned FAA certification, the program struggled with production and capitalization. Only nine airframes were built and four were delivered to customers, with the final delivery occurring in 2006.
SyberJet was formed in 2011 when Metalcraft Technologies acquired the program’s assets. The company is currently headquartered in Chandler, Arizona, with operations in San Antonio, Texas, and Cedar City, Utah. Milton acquired the program alongside an investment group in 2024, injecting new capital to modernize the aircraft and restart production.
To demonstrate the platform’s underlying capabilities, SyberJet flew an existing SJ30-2 on August 21, 2026, setting an unofficial East-to-West transcontinental speed record for its class. The aircraft flew from Jacksonville, Florida, to San Diego, California, in approximately 4 hours and 7 minutes.
Alongside the SJ36, SyberJet has also opened reservations for the SJ34. The SJ34 is a direct, upgraded version of the FAA-certified SJ30-2, featuring more powerful Williams FJ44-3 or FJ44-4 turbofans, a redesigned interior, and the SyberVision avionics suite.
Certification and delivery timeline
SyberJet has established a staggered timeline for bringing its two aircraft to market. Deliveries for the upgraded SJ34 model are projected to begin in 2029. However, the certification timeline and entry-into-service target for the clean-sheet SJ36 have not yet been announced by the manufacturer.
AirPro News analysis
Securing 50 letters of intent is a strong marketing signal for SyberJet, but the true test for the revived manufacturer will be converting these non-binding commitments into firm, deposit-backed orders. The business aviation market has a long memory regarding the original Sino Swearingen SJ30 program, which promised exceptional performance but ultimately failed to achieve serial production. Milton and his investment group must prove they have the industrial capacity and capital runway to avoid a similar fate.
The performance targets for the SJ36 are highly ambitious. Achieving Mach 0.88 and a 3,000-nautical-mile range in a light jet footprint would indeed pressure midsize operators, but validating those figures through a rigorous FAA certification program will be expensive and time-consuming. Until SyberJet publishes a firm certification schedule for the SJ36, the industry will likely view the aircraft as a compelling concept rather than an immediate market disruptor.
Photo Credit: SyberJet Aircraft
Business Aviation
Collins Aerospace Launches ARINCDirect OpenAPI at NBAA-BACE 2026
Collins Aerospace introduced ARINCDirect OpenAPI to automate flight data integration for business aviation operators globally.

Collins Aerospace, a business of RTX, introduced a new application programming interface on October 21, 2026, designed to integrate ARINCDirect flight planning and performance data directly into business aviation operators’ existing digital platforms.
Announced during the National Business Aviation Association Business Aviation Convention & Exhibition (NBAA-BACE) in Las Vegas, Nevada, the ARINCDirect OpenAPI eliminates the need for manual data entry. According to a company press release, the tool allows flight departments to automatically synchronize flight plan status, airspace information, and logbook data with their scheduling and enterprise resource management systems.
Automating flight department data flow
Business aviation operators increasingly rely on integrated digital ecosystems to manage complex scheduling, dispatch, and maintenance tasks. Historically, moving data between flight planning software and enterprise resource management platforms required manual data entry. This process is time-consuming and prone to errors.
The introduction of the OpenAPI allows operators to securely subscribe to data feeds. This enables automatic synchronization of flight plan status, airspace information, trip performance, and logbook data across their preferred third-party systems.
Nicole White, Vice President and General Manager of Connected Aviation at Collins Aerospace, stated in the press release that business aviation flight schedules can shift rapidly, requiring tools that keep pace.
“ARINCDirect OpenAPI integrates the trusted, secure flight planning data our customers rely on directly into their operating systems, helping teams adapt quickly and efficiently to changing plans,” White said.
Ian Galloway, Executive Director of Apps and Connectivity at Collins Aerospace, told Aviation International News that the interface simplifies data consumption for operators who utilize various systems that benefit from flight-planning data.
“With OpenAPI, they can subscribe to it and their system can then go and pull this data automatically… easier, faster, and more accurately. This is going to speed up their operations,” Galloway told the publication.
Galloway also noted that ease of secure access to data is now a baseline requirement for flight departments. Access to the OpenAPI begins in October 2026 through the ARINCDirect portal, allowing early adopters and new customers to begin integrating the interface into their enterprise tools.
The ARINCDirect ecosystem and RTX market position
The ARINCDirect platform provides a comprehensive suite of flight support services tailored for business aviation operators. The system includes flight planning, cabin connectivity, graphical weather, and data link communications.
According to Collins Aerospace, the platform is utilized by operators of more than 5,500 aircraft globally. Approximately 1,900 customers use ARINCDirect specifically for flight planning via web or mobile applications, as reported by Aviation International News.
Collins Aerospace, headquartered in Charlotte, North Carolina, was formed in 2018 following the merger of Rockwell Collins and UTC Aerospace Systems. The company operates as a subsidiary of RTX, a major American aerospace and defense conglomerate based in Arlington, Virginia. RTX employs more than 180,000 people globally and reported 2025 sales exceeding $88 billion.
The launch of the OpenAPI at the NBAA-BACE 2026 convention follows a recent strategic realignment within the Collins Aerospace portfolio. On October 19, 2026, SITA agreed to acquire the Collins Aerospace Airport Solutions business from RTX.
AirPro News analysis
The introduction of an OpenAPI for ARINCDirect reflects a broader industry shift toward open architecture in aviation software. Flight departments are no longer willing to operate in siloed environments where dispatch, maintenance, and scheduling software cannot communicate. By opening its data feeds, Collins Aerospace is acknowledging that while ARINCDirect may be the core flight planning tool, it must play seamlessly with third-party enterprise systems. We view this as a necessary retention strategy. Making data highly portable actually embeds the ARINCDirect platform deeper into an operator’s daily workflow, transforming it from a standalone application into foundational infrastructure.
Photo Credit: RTX
Business Aviation
Nolinor Aviation Launches Fleet Management Service in 2026
Nolinor Aviation offers corporate clients aircraft operations under its Transport Canada AOC, bypassing certification requirements.

Canadian charter and cargo operator Nolinor Aviation launched a turnkey fleet management service on October 20, 2026, enabling corporate and industrial clients to operate Private jets under the carrier’s existing regulatory approvals.
Announced via a company press release, the new division targets non-aviation entities like mining companies and corporate flight departments. The service shifts the economics of aircraft ownership by allowing clients to bypass the multi-year process of obtaining an independent air operator certificate while utilizing Nolinor’s established maintenance and dispatch infrastructure.
Bypassing the certification bottleneck
Obtaining a Transport Canada (TC) Air Operator Certificate (AOC) requires significant capital, infrastructure, and regulatory compliance. Nolinor’s fleet management service allows clients to retain full ownership of their aircraft, engines, and technical assets, alongside control over schedules, service standards, and onboard branding.
In exchange, Nolinor provides the flight crews, maintenance personnel, safety management systems, and parts procurement. Operations are conducted under Nolinor’s existing TC Subpart 705 certificate, which governs airline operations in North America. Clients also gain access to the company’s Type A flight dispatch center.
“Owning an aircraft should not mean running an airline. Our clients bring their aircraft and their mission, and we take care of the rest. They have no certificate to obtain, no hangar to build and no team to hire. They deal with a single point of contact and have full visibility into costs.”
The statement was provided by Oliver Tomczak, the newly appointed Vice President of Fleet Strategy at Nolinor Aviation.
Leadership and operational integration
Tomczak leads the new unit after serving as Director of Operations. He joined Nolinor in 2014 as a flight dispatcher and assumed the operations director role on May 1, 2023. His mandate includes assisting businesses in selecting aircraft types that match their specific mission profiles.
A key operational benefit for clients is backup access to Nolinor’s broader fleet. When a client’s dedicated aircraft undergoes heavy maintenance, the airline can substitute its own airframes to maintain schedule continuity.
“Over more than 30 years, we have built an ecosystem that very few carriers can match. Fleet management makes this expertise available to organizations that need their own aircraft without having to build an airline. Oliver’s experience makes him the right person to lead this new chapter. He will also help businesses select the aircraft best suited to their needs.”
This perspective was shared by Marco Prud’Homme, President and Chief Executive Officer of Nolinor Aviation.
Three decades of northern operations
Founded in 1992, Les Investissements Nolinor Inc. operates as a privately owned charter and Cargo aircraft airline headquartered at Montréal-Mirabel International Airport (YMX) in Quebec. The company is wholly owned by the Prud’homme family and employs approximately 300 people.
Nolinor specializes in operations to remote and northern regions, frequently utilizing gravel strips and ice runways. To support these missions, the airline maintains operational bases in Mirabel, St-Hubert, Edmonton, and Yellowknife. The company operates three maintenance lines across two Canadian provinces.
The carrier’s fleet consists predominantly of Boeing 737 variants. Nolinor holds the distinction of being the world’s largest operator of the Boeing 737-200, an aircraft uniquely equipped with gravel deflector kits to land on unpaved runways in the Canadian Arctic.
AirPro News analysis
We view this service launch as a highly efficient monetization of Nolinor’s existing regulatory assets. Securing and maintaining a Subpart 705 certificate in Canada requires immense overhead, including certified dispatch centers and rigorous safety management systems. By offering its AOC as a service, Nolinor creates a high-margin revenue stream that requires zero capital expenditure on new airframes. This model directly appeals to the Canadian mining and resource sectors, which require dedicated airlift to remote sites but lack the core competency to run an airline. It also locks clients into the Nolinor ecosystem, potentially generating long-term maintenance and crew training contracts.
Photo Credit: Nolinor Aviation
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