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.
Paul Comtois knows why safety is a tough business for some people to comprehend: “Because it’s difficult to prove that what you’ve implemented actually had any effect.” Comtois, a former fighter pilot, is director of advanced pilot training programs at ETC, a Southampton, Pa.-based training company focused on upset prevention and recovery.
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.
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.
Dassault Falcon’s certified practical training program has passed the 300th trainee mark. The program, which provides training for Falcon operators and service center personnel, recently graduated Wu Jian Ming from Business Aviation Asia in China.
The European Helicopter Safety Team (Ehest) has published a “training leaflet” for single-pilot operations, in a bid to curb accidents stemming from poor decision-making. The document highlights common errors and suggests strategies to prevent a pilot from being caught in a fatal spiral of events after having chosen the wrong option.
Loss of control in flight is now the biggest cause of commercial aviation fatalities, so what can be done to teach pilots how not to lose control? Two 2009 accidents involved stalls–Colgan Air 3407 and Air France 447–yet stalls are an elementary maneuver taught early in pilot training. If stalls are such a big problem, could training later in a pilot’s career using simulators better prepare pilots to get out of a stall or impending stall?
Component Control, at Booth No. 7321, has released “Remote Inventory,” an inventory management tool for Component Control’s core product, Quantum Control. Its users can set minimum and maximum inventory levels online, then track, manage and bill upon consumption for inventory co-located at any customer facility. The Remote Inventory program accelerates replenishment of stock to keep up with work in progress.
By most accounts the fourth quarter of last year was active. While not atypical for that period, the activity was a good sign for the market that tradition seems to be intact, or at least reestablished after being pushed off course a few years ago. With the U.S. economy doing incrementally better, the hope is that this activity will spill into the first quarter and beyond. Many eyes now are cast upon Europe, where last month S&P lowered its credit ratings on nine nations.
Pre-owned business aircraft inventories continued to decline in October, but asking prices–especially for jets–have yet to find a bottom, according to data released this week by industry research firm JetNet. Business jet inventory in October stood at 13.9 percent of the in-service fleet, down 1.3 percentage points from a year ago.