Chad is the editor of AINalerts, AIN's daily business aviation newsletter, and is also the news editor at AIN Media Group.&nbsp;He has been writing about aviation, with an emphasis on business aviation, since 1994. Chad started his writing career at The Avion,&nbsp;the&nbsp;student newspaper at Embry-Riddle Aeronautical University in Daytona Beach, Florida, serving as editor-in-chief before graduating with a bachelor's in aeronautical science. After a stint as managing editor at Professional Pilot&nbsp;magazine, he joined&nbsp;AIN in late 1998. Chad holds a commercial pilot certificated with instrument and multi-engine ratings, and he also is a CFI/CFII. He lives and works from his home in Venice, Florida.

Online Editor

Chad Trautvetter

According to the latest business jet market update from J.P.Morgan, recent data shows further weakness in the pre-owned business jet market. Used inventory rose to its highest level since late last year, while pricing showed another sequential decline, the firm said. Business jet flying bounced back, however, providing a glimmer of hope.


Pre-owned jet inventory climbed 0.3 points month-over-month in October, to 10.6 percent, after fluctuating between 10.1 and 10.3 percent for the previous nine months, J.P.Morgan said. However, inventories of young jets (five years old or less) remained stable at 6.3 percent last month. Notably, Cessna Mustang inventory grew by 12 aircraft in October, while more Gulfstream IVs are also being put up for sale.


Average asking prices in October decreased 2.1 percent in just a month, hitting a new low, and were down 14 percent year-over-year. Midsize and large-cabin jet prices fell 0.7 percent and 3.1 percent, respectively, month-over-month, while light jet prices increased 0.5 percent.


U.S. flight operations surged 3.6 percent year-over-year in September, prompting J.P.Morgan analysts to say the segment “continues to show signs of breaking out of the stagnation seen since mid-2011.” Year-to-date, business jet flight operations are up 1.7 percent.

J.P.Morgan: Bizjet Market Shows Continued Weakness

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