The reselling of pre-owned jets is big business right now, with depreciation values reaching as much as 30% on year of use, particularly in Brazil, where the privateaviation market surged by 76% between 2008 and 2010 (according to the National CivilAviation Agency (ANAC), the Brazilian civilaviation authority), totalling 652 private jets and helicopters legally registered within the agency.
"The defence minister has ordered a shake down inspection for all the private airlines, " Pervez George, head of Pakistan's CivilAviation Authority, told the AFP news agency.