JETNET LLC, the market-leading aircraft research and information provider, will offer demonstrations of new enhancements to their flagship software interface, Evolution, at this year’s European Business Aviation Convention & Exhibition (EBACE) May 4-6, 2010 in Geneva, Switzerland. Their popular new interface features a series of “Views,” or summary pages, that gather data from throughout the Evolution program and present them in single screens of well organized lists, graphs and tables for easy assessment of marketplace status and trends. They will also showcase their partnership with ARGUS International, Inc. (ARGUS) to offer direct links to ARGUS data from JETNET’s Evolution service pages, as well as SMS Text Messaging for subscribers to receive instant PDA or smartphone notices of market updates directly from JETNET’s database. JETNET will be offering “test flights” of their new Evolution Views interface at their booth #1543. Continue reading
Business Jet Aircraft
Although the high inventory levels for pre-owned business jet aircraft witnessed in much of 2009 are gradually being reduced, pre-owned business aircraft remain in a buyer’s market. At the end of March 2010, the percentage of pre-owned business jets for sale was at 15.6% compared to the high of 17.7% recorded in July 2009. The number of business jets for sale at the end of the 1st quarter of 2010 was slightly less than 2,800 aircraft.
As the “for sale” inventory has declined, the number of pre-owned retail sale transactions has remained at relatively low levels of activity, with 555 aircraft sold in the 1st quarter of 2010 compared to 595 in the same quarter of 2009. The 1st quarter of 2010 resulted in a 6.7% decline compared to the same quarter in 2009.
This decline marked a record low level for sales transactions, falling just below the previous record of 577 set in the 1st quarter of 2003. Continue reading
By Paul Cardarelli
In order for us to try to predict a return to a “buyer’s” market, we first have to take a look at predicting future business jet fleet size.
How many jets will be delivered in 2010?
GAMA reported approximately 1100 units were delivered in 2007, 1300 in 2008, but then there was a severe drop in 2009 to only 870 units. Making the average over the last few years, about 1100 jet deliveries.
How many jets will be retired this year?
During 2007, 2008 and 2009 JETNET reported an average of 62 jets per year being retired from service. Continue reading