Pre-Owned Turbine Aircraft Sales Up, Prices Down
Sales of pre-owned business jets, turboprops and turbine helicopters increased in the first seven months versus the same period last year, though at the same time aircraft prices deflated, according to data released yesterday by JetNet. Business jet inventory showed the largest year-over-year change, dropping 2.8 points to 14.9 percent. Meanwhile, the segment led in sales transactions, increasing a healthy 33.8 percent from the previous seven-month period. However, days on the market for business jets continued to climb by 77 days from last year and currently stands at 342 days. Pre-owned business jet prices dived 12.5 percent from January to July versus the same period last year. Turboprop inventory continued to edge closer to more normal levels, falling 1.2 points to 10.9 percent in the first seven months versus the same period last year. Sales transactions for turboprops rose 5.5 percent, while prices fell 10.5 percent in the January to July period compared with a year ago. Turbine helicopter inventory is still fairly tight, and essentially unchanged from a year ago, at 6.8 percent. Sales transactions of turbine helicopters climbed by 13.1 percent, though prices declined by 6.9 percent in the first seven months year-over-year.