CRS Jet Spares is moving inventory to Europe to bolster support for its international customers. Inventory will include Gulfstream, Challenger, Falcon, Learjet, Beechjet, CRJ and Hawker parts. The company will also continue its 24/7 AOG support commitment to its international customers.
JPMorgan’s latest business jet monthly report, released yesterday, indicates that October was another month of modest improvement in aircraft demand and utilization. Further, pre-owned business jet inventories fell for the third straight month, “and the peak for this cycle now seems more firmly behind us, but they remain at very high absolute levels,” noted JPMorgan aerospace analyst Joseph Nadol III.
SkyBooks, a unit of Textron, is adding an integrated inventory tracking module to its maintenance-tracking and operations management service. The user-managed program allows users to add, edit and track cores, bench stock and consumables in their inventories. The module interfaces directly with SkyBooks’ other features, which manage maintenance, warranty, flight operations, expenses, pilot currency and document archiving.
According to a monthly business jet report issued by JPMorgan this week, the pre-owned market recovery continues though new jet demand is expected to lag.
Fort Lauderdale-based CRS Jet Spares is in negotiations to add facility space in Hong Kong. “We’ve been studying the Asia market for three years and we feel the time is right to make the move,” CEO Armando Leighton told AIN. The company is currently moving inventory to the West Coast so the Hong Kong facility can be quickly stocked once it is opened.
Available business jet inventories dropped 2 percent in August, the second sequential decline in three months, following 18 months of consecutive increases, according to a business jet report issued by UBS Investment Research. Despite the decline, available inventories are still at 17 percent of the in-service fleet, some 36-percent higher than August last year.
The good news is that the bad news seems to have subsided for the time being and business aviation’s recent negative publicity served to make aircraft that much more affordable.
“We’ve felt a more positive vibe on business jets recently, with used inventory ticking down slightly and flight operations edging upward,” JPMorgan Equity Research aerospace analyst Joseph Nadol III said this week.
Available business jet inventories dropped 2 percent last month, the second sequential decline in three months following 18 months of consecutive increases, according to a business jet report issued by UBS Investment Research this afternoon. Despite the decline, available inventories are still at 17 percent of the in-service fleet, some 36 percent higher than August last year.