Inventories of pre-owned business jets and turboprops continued to edge downward in March, according to the latest figures from business aviation market information firm JetNet. While turboprops are a seller’s market, for business jets “it’s still a buyer’s market, with ample inventory at near-low average asking prices,” the company said.
The number of pre-owned business jets for sale has hovered around the 2,500 level over the past several years since climbing from about 1,600 before 2008, according to business aviation market information firm JetNet. While pre-owned business jet inventory is now receding as a percent of the in-service fleet, it is doing so only because of new aircraft entering service, the company said.
Inventories of business jets, turboprops and turbine helicopters continued to deflate in January, business aviation market information firm JetNet said today in its latest market update.
According to JetNet, pre-owned business jet inventory in January landed at 13.2 percent of the in-service fleet, down 0.5 points from a year ago. Retail business jet sales, however, fell by 1.8 percent year-over-year, “only the second time since January 2009 that it showed a decline in full retail sale transactions,” JetNet said.
Air Comm Corporation (Booth N5015) announced Monday that the thermal management and environmental systems company recently selected Component Control’s Quantum Control logistics software solution to manage its manufacturing, business systems and inventory control operations.
A record number of pre-owned business jets changed hands worldwide last year, with 2,240 retail sales transactions logged, up from the previous peak of 2,181 in 2007, according to data released yesterday by business aircraft research firm JetNet. This high point follows three years of gains from the low of 1,539 transactions in 2009, the company added.
Duncan Aviation’s parts consignment program sold $1.07 million in consignment parts and rotables last year and saw the number of consigners increase by nearly 30 percent. Customer parts are stored in Duncan’s warehouse until sold. During the process, the consigner retains title to the inventory. Duncan Aviation also protects the consignor in case the purchaser defaults on payment and maintains insurance against casualty and subsequent loss.
Bombardier Aerospace’s Dubai parts depot has moved to a new facility to enhance its aftermarket support for operators flying to Europe, the Middle East and Africa (EMEA). It allows greater inventory capacity and, as part of a continuing priority to improve competitiveness, and Bombardier says it has reduced prices on many rotable exchanges and a large number of proprietary and non-proprietary new parts.
Pre-owned business jet and turboprop inventories held steady in July month-over-month, according to data released late last week by business aviation market information firm JetNet. Inventory of used business jets ticked up from June by three aircraft, to 2,521 in July, representing 13.5 percent of the in-service fleet. This was down by 0.2 percentage points year-over-year.
Summer is typically a time the pre-owned market experiences a seasonal bump in inventory, as buyers are out using their jets to get to their favorite summer destinations and aren’t necessarily thinking of buying. This year, however, has been somewhat uncharacteristic and today’s supply of used jets is just about where it was when the year began. The lack of any wild gyrations could be a welcome sign of stability.
Component Control has released a new version of StockMarket.aero, a free online aviation parts e-marketplace. According to the company, enhancements include intuitive usability and navigation, making it quicker and easier to find qualified aviation services and parts. Stockmarket.aero lists more than 40 million line items of inventory and capability from more than 2,300 aircraft parts vendors. “Our goal with this upgrade is to provide more data at a glance, to improve the buyers’ experience and vendor visibility,” said Jason Cordoba, director of StockMarket.aero.