Psst, want to buy a private jet at half price?

Dallas

CORPORATE-jet makers are flooding the market, spurring deep discounts for new aircraft and fuelling a three-year slide in prices of used planes.

Most major manufacturers, including Gulfstream and Bombardier Inc - which is also contending with rising hurdles in its commercial-jet business - have slowed production in the last couple of years as demand for private jets sagged. That still hasn't been enough to halt declines in aircraft values, say consultants, brokers and analysts in the US$18 billion industry.