Wed, Sep 28, 2011
Asking Prices On Resale Bizjets Ticked Up 3.5 Percent
One of the reasons often given for slow sales of
new business aircraft is the existing inventory of pre-owned
aircraft on the market. Recent data from JETNET
may indicate that the inventory is shrinking, causing
prices in some sectors to firm up just a
bit. In its August, 2011 report reflecting resale statistics
for the first eight months of the year, the
analyst released some long-hoped-for good news, at least in
business jet retail sale transactions. In the first eight months of
2011, the year-to-date (YTD) average asking price increased 3.5%
while the industry maintained double-digit growth at 11.4%.
The company tracks statistics for the the pre-owned business
jet, business turboprop, and helicopter markets.
The report also indicates "For Sale" inventories continue to
decline:
- Business jet inventory for sale at 13.8% (down 1.1 points from
14.9%)
- Business turboprops for sale at 10.2% (down 0.5 points from
10.7%)
- Turbine helicopters for sale at 6.7% (down 0.2 points from
6.9%)
- Piston helicopters for sale at 6.5% (no change)
Full sale transactions show mixed results, with both Business Jet
(+11.4%) and Business Turboprops (+11.7%) showing double-digit
growth, while both Turbine (-11.6%) and Piston helicopters (-17.9%)
show double-digit declines
As far as average asking prices are concerned, the results are
mixed. Business jets show positive change for first time YTD, up
3.5 percent, and piston helo asking prices went up 5.1%. But both
business turboprop fixed wing (-1.5%) and turbine helicopters
(-13.8%) show decreases
All market sectors are over 300 days average on the market
before a sale, but that is down in August, except for business
turboprops which took 11 days longer
JETNET says that, while the pre-owned market continues to show
improvement, it has been a slow recovery. It is a good sign that
the numbers are much improved compared to the lows recorded over
the past two years.
More News
Aero Linx: Model Aeronautical Association of Australia MAAA clubs are about fun flying, camaraderie and community. For over 75 years, the MAAA has been Australia’s largest fl>[...]
Touchdown Zone Lighting Two rows of transverse light bars located symmetrically about the runway centerline normally at 100 foot intervals. The basic system extends 3,000 feet alon>[...]
“Discovery and innovation are central to our mission at Virgin Galactic. We’re excited to build on our successful record of facilitating scientific experiments in subor>[...]
How To Get A Story On Aero-TV News/Feature Programming How do I submit a story idea or lead to Aero-TV? If you would like to submit a story idea or lead, please contact Jim Campbel>[...]
Student Pilot Reported That During Rotation, “All Of A Sudden The Back Of The Plane Kicked To The Right..." Analysis: The student pilot reported that during rotation, “>[...]