While UBS Investment Research’s March business jet index reflects a stable market, other indictors showed that the business aviation market recovery has stalled a bit. According to a market report released yesterday by the investment firm, pre-owned business jet inventories were roughly unchanged in February, following declines in each of the prior six months.
According to UBS Investment Research’s latest business jet update, flight activity in November was roughly unchanged from the same period in 2008, stemming the year-over-year declines seen in each of the previous 24 months. On a seasonally adjusted basis, cycles were roughly 1 percent higher from October and are now 18 percent above their March low, though still 23 percent below the 2007 peak.
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.
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.
It has been a long, painful year since the bottom fell out of the economy, but there are signs, however slight, that the business aviation industry is starting to recover.
In its September Part 135 flight activity report released on October 12, Aviation Research Group/U.S. (ARG/US) showed business aircraft activity for September 2009 at its highest level since October 2008.
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.
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.
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.