MRO and logistics software company Component Control (Booth No. C10533) is announcing the formal launch of its new Web Online RFQ parts and services search software here at NBAA.
“For the first time this year, some long-anticipated good news came for pre-owned business jet retail sale transactions,” JetNet said yesterday. “In the first eight months of 2011, the year-to-date average asking price increased 3.5 percent while the industry maintained double-digit growth at 11.4 percent.” While turboprop asking prices declined by 1.5 percent over the same period, transactions still climbed by 11.7 percent.
“Although an industry-wide recovery remains stalled, it appears that select markets for [pre-owned] newer, later-generation [current production] business jets are showing signs of stability in market price, reduced inventory levels and absorption rates,” according to Aircraft Post president Dennis Rousseau.
Aftermarket aircraft parts supplier Aeroinv.com will now be listing more than 150,000 part SKUs worth $350 million on Inventory Locator Service. ILS provides an electronic marketplace that enables subscribers to buy and sell parts, equipment and services. The inventory includes major brands of parts and components for most aircraft models.
“The first five months of the 2011 pre-owned market showed early-stage recovery signs,” with used business jet retail sale transactions growing by 19.7 percent during the period, according to data released by business aviation information firm JetNet.
As mixed signals continue in the business jet market, JPMorgan North American Equity Research says in its latest industry update that a “decisive recovery [remains] elusive.” The investment firm notes positive trends such as “solid” first-quarter business jet orders announced by Bombardier last week, as well as declining pre-owned aircraft inventories.
Reports from last month’s National Aircraft Resale Association’s spring meeting in Naples, Fla., inspire continued optimism about the business aviation industry’s recovery. “There’s certainly more movement, and it’s much more positive than what we saw a year ago,” said Allen Qualey, president of the specialty finance group at 1st Source Bank.
“We are gaining confidence that a recovery is taking hold following good news in recent weeks,” JPMorgan North America Equity Research noted in its latest monthly business jet update, released yesterday. The firm cited the net orders for 74 aircraft booked by Bombardier in the fourth quarter, as well as the firm order for 50 Bombardier Globals placed by NetJets last week.
The buying momentum that had been building during the fourth quarter of last year seems to be spilling into this year, as evidenced by a move lower in inventory to levels not seen in more than two years.
Sales transactions of pre-owned business jets and turboprops, as well as turbine helicopters, posted healthy increases from a year ago, according to data released by business aviation information firm JetNet. From January through October 31, business jet sales transactions climbed by 16 percent, followed by turbine helicopters (up 15.2 percent) and turboprops (up 4.5 percent).