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

Pre-owned business jet and turboprop inventory as a percentage of in-service aircraft continued to fall in March, though pricing has yet to find a floor, according to data released yesterday by aviation services firm JetNet. Inventory of used business jets fell 1 percent year-over-year, to 12.1 percent, the third lowest since 2005, JetNet said. Pre-owned turboprop inventory barely managed a decrease, falling just 0.1 percent to 7.7 percent from March 2013.


The good news is that pre-owned business jets are selling 73 days more quickly than they did last year, averaging 327 days on the market, and sales transactions are up 3.1 percent at 560 in the first three months, JetNet said. However, the bad news is that average asking prices for used jets declined by 11.6 percent year-over-year, to $3.893 million.


But the picture gets ugly for pre-owned turboprops, according to the JetNet data. Used-turboprop sales transactions are down 15.8 percent year-over-year, with just 287 deals logged in the first three months, and average asking prices lost 29.4 percent, falling to $1.177 million. Worse, pre-owned turboprops are taking 103 days longer to sell than they did last year, averaging 398 days now.

Price Floor Elusive as Used Bizcraft Inventory Shrinks

Inventory of used business jets fell 1 percent year-over-year, to 12.1 percent, the third lowest since 2005.

2024 Corporate Aviation Leadership Summit

AIN Products

SUBSCRIPTIONS

RESOURCES

ABOUT AIN