UBS Investment Research’s latest monthly business jet market report, released yesterday, shows that business condition indicators have stabilized and in some cases are moving higher. Its November business jet market index came in at 45, some 5 percent higher than UBS’s prior survey and the seventh straight move higher. However, the index has not yet crossed the 50 threshold indicative of actual improvement in market conditions.
JPMorgan Global Equity Research yesterday issued its December Business Jet Monthly report, which notes that November’s used business jet inventory saw a modest decline, marking the fourth consecutive month of shrinkage in the number of active aircraft available for sale. The midsize class saw the biggest inventory decrease, while the number of available light jets remained relatively unchanged from the previous month.
In its latest Business Jet Update released yesterday, UBS Investment Research predicts 8- to 10-percent growth in bizjet flight activity for the coming year, with a 12- to 14-percent increase in movements for the first half of next year, based on recent trends.
JPMorgan’s latest business jet monthly report 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 aerospace analyst Joseph Nadol III.
According to a monthly business jet report issued by JPMorgan last month, the pre-owned market recovery continues though new jet demand is expected to lag.
Deterioration in the business jet market is continuing to slow, according to UBS Investment Research’s latest monthly business jet report. The September market index came in at 43, some 16 percent higher than in July and the sixth straight move higher but still short of the 50 mark that indicates market growth.
Deterioration in the business jet market is continuing to slow, according to UBS Investment Research’s latest monthly business jet report, which was released on Friday. The September market Index came in at 43, 16 percent higher than in July and the sixth straight move higher.
“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 last month.
Deliveries of turbine-powered business airplanes will continue to fall through the end of next year before beginning a slow but steady recovery in 2011, according to a market forecast released on Friday by avionics maker Rockwell Collins.
Market conditions for pre-owned rotorcraft are “below normal levels and falling,” according to a monthly rotorcraft survey from UBS Investment Research in early September.
The firm’s latest rotorcraft composite index, which measures overall business conditions, came in at 40, about 5 percent higher than the previous UBS survey. But it remained 10 points below conditions indicative of growth.