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.
Supply chain management
“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.
A new measure to open up defense procurement by European countries to greater competition is finally coming into force this year. In January 2009 the European Parliament approved the European directive on defense and security procurement, which should greatly increase the percentage of defense contract opportunities that EU governments offer to bidders from other European countries.
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).
According to the latest data from JPMorgan Research, pre-owned business jet inventories fell last month, reversing a three-month upward trend, though demand remains “weak.” Inventories decreased to 11.7 percent of in-production business jets, but JPMorgan said they remain elevated and noted that inventories have fallen less than 0.1 percentage point per month on average this year.
The eye-popping total of 2,750 pre-owned aircraft for sale today is a lot based on historical standards, but it is well below the peak reached a little more than a year ago. The broker community and OEMs monitor the total number of aircraft for sale because it is an important measurement on which to gauge the health of the used aircraft market, but when you scratch beneath the surface you realize that the sky is not falling.
Sales of pre-owned business jets, turboprops and turbine helicopters increased in the first seven months versus the same period last year, though at the same time aircraft prices deflated, according to data released yesterday by JetNet. Business jet inventory showed the largest year-over-year change, dropping 2.8 points to 14.9 percent.
The used aircraft market often synchronizes its pace with the lazy days
Aerostructures specialist GKN Aerospace presented its 2010 supplier awards to five companies yesterday at the Farnborough airshow: All Metal Services, Onamac Industries, High-Tech Engineering, Magellan Aerospace and Doncaster Bramah.
• All Metal Services’ award was in the regional supplier-Europe category, for supplying aluminum cut plate and extrusions.