Learjet 60 crash in Florida leaves nine dead and draws attention to the used jet market
2004 aircraft headed from Austin, Texas, to the Bahamas; used of this model can cost more than R$10 million, according to Times Brasil.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM TIMES BRASIL · 2 MIN
A Learjet 60 crashed on Sunday (1st), in Florida, and the nine people on board died, according to Times Brasil. The aircraft, a Bombardier executive jet, was on the route between Austin, Texas, and North Eleuthera, in the Bahamas. After a tragedy of this kind, the question that many people ask is simple: how much does a plane of this size cost?
The Learjet 60 is a jet aimed at executive transport. According to the same source, the model serves private, corporate and charter travel, a use that explains its presence in both company operations and flight rental services.
Production of the model ended in 2007, and the plane began to circulate only on the used market. In this segment, the price depends on the version, the condition of the aircraft and business conditions. According to Times Brasil, a used one can cost more than R$10 million.
The plane that crashed was manufactured in 2004, has registration number N722BD and serial number 271, data registered with the FAA, the civil aviation agency of the United States. The facts discovered so far do not inform the cause of the accident, and any conclusion about responsibility depends on the official investigation.
O que está em jogo vai além da tragédia. For buyers, insurers and financiers, the accident reinforces the importance of checking the history of each aircraft before closing a deal, especially in a market where each sale is negotiated on a case-by-case basis.
What changes for the investor
The direct effect on shares tends to be limited, as the used jet market is fragmented and not transparent. The most likely impact is on the sector's perception of risk: the age of the fleet, maintenance history and occurrence records may come to be scrutinized more rigorously by those who buy, insure or finance aircraft. Anyone who follows executive jet manufacturers or charter companies should observe the progress of the investigation and any regulatory communications before drawing any conclusions. This text is not a recommendation to buy or sell any asset.
Automatically translated from Portuguese.
