Bombardier Challenger 3500 and Global 7500 operators enrolled in the OEM’s Smart Link Plus health management service could see about 5 percent higher aircraft market valuation, according to Vref Aircraft Value Reference. The aircraft valuation firm has officially started to recognize Smart Link Plus as a value add for Bombardier business jets.
Since Smart Link Plus is standard equipment on the Global 7500, those continuously enrolled in the program from delivery onward have a back-to-birth traceability, which Vref said is a first in business aviation. Thus, continuous enrollment in the program could have a “significant impact” on Global 7500 valuation, Vref said. Conversely, it added, “absence of enrolment…will result in a notable deduction in the aircraft’s value.”
Besides enhanced resale value, Vref said the inclusion of Smart Link Plus in the valuation process will also streamline future sales transactions. “The comprehensive data provided by the program facilitates faster and more efficient closing processes on the resale side, reducing the need for extensive due diligence,” it noted.
“The recognition of Smart Link Plus as a pivotal factor in aircraft valuation marks a significant moment in the industry,” said ASA and Vref president Jason Zilberbrand. “As more OEMs adopt similar programs, the landscape of aircraft valuation and resale is set to evolve dramatically.”