It’s Still a Buyer’s Market for Bizcraft, JetNet Says
Although the inventory of pre-owned business aircraft is slowly being reduced, it’s still a buyer’s market, according to aviation market intelligence provider JetNet. In the first quarter, 2,800 business jets were listed for sale, representing 15.6 percent of in-service jets. That figure is down from a high of 17.7 percent in July 2009. Sales transactions have slowed, however, totaling 555 business jet sales in the first quarter, compared to 595 in the same period last year. The decline in transactions marked a record low in recent years, beating the 2003 total of 577. Analysts expect sales to improve in the second quarter and possibly exceed the year-ago figure of 657 transactions. The percentage of available pre-owned turboprops–1,400 aircraft–was 11.1 percent this year, compared to a high of 12 percent last year. Sales transactions for turboprops also plummeted to a new recent-year low of 329 in the first quarter, compared with 370 last year. Although the sales transactions among pre-owned helicopters have also declined, this industry segment appears to have fared better, with fewer than 1,200 turbine helicopters on the pre-owned market. This represents only 6.9 percent of the flying fleet.