UTICA, NY – JETNET LLC, the leading provider of corporate aviation information, has released December 2010 results for the pre-owned business jet, business turboprop, and helicopter markets.
New aircraft orders are based on the successful sale of existing aircraft in the pre-owned market, a good first predictor. 2010 brought welcome good news—Pre-owned Full Sale Business Jet Transactions for the year improved by 16% compared to 2009, and exceeded the 2008 transaction level by 4.8%.
Table A highlights the key worldwide trends across all aircraft market segments, comparing 2010 to 2009. Business Jet Inventory For Sale percentage shows the largest change, down 1.5 points, from 16.3% to 14.8%. Most important is the percentage change in Sale Transactions. Business Jets lead with the largest percentage gain, 16%, compared to 2009. All business and helicopter aircraft categories took longer to sell in 2010, ranging from 31 to 72 more days in the year-over-year (YOY) comparisons.
All pre-owned aircraft categories show a decrease in the average asking price, ranging from a low of -1.5% for
piston helicopters to -18.5% for business jets. The Pre-owned Piston Helicopter segment is the only sector down
in sale transactions (a 8.6% drop) in 2010 compared to 2009.
Download the full report (PDF).
UTICA, NY – JETNET LLC, the world leader in aviation market intelligence, announced today the launch of JETNET iQ, a forecasting and premium advisory service for the business aviation market.
“These are unprecedented times for business aviation”, said Vincent Esposito, JETNET President. “I hear people everywhere in the industry asking: ‘When do we get back to business as usual? Help me understand what’s next.’ They’re seeking advice to support investment decisions in businesses, aircraft programs, aviation infrastructure and inventory.”
JETNET iQ is the latest step in JETNET’s broadening spectrum of products and services designed to help customers “Know More.” Available on a members-only basis, this premium advisory service consists of three main components: JETNET iQ REPORTS, JETNET iQ SUMMITS, and JETNET iQ CONSULTING. Continue reading
JETNET is a financial supporter of Aerobridge and their relief efforts, and are proud to share this story with you. Click here to download it as a PDF
AERObridge Dispatches “Perfect” Humanitarian Mission to Port au Prince
For immediate release: Washington, DC – On 31 December 2010 Nurse Practitioner Barbara McLean (an Atlanta, GA-based medical volunteer working at Medishare/Bernard Mevs Hospital in Port au Prince) contacted AERObridge with a heart-wrenching plea. One of her patients, a 12 year-old girl suffering from Guillain-Barre’ Syndrome*, was dying and needed transport to an American hospital that had agreed to treat her, gratis, and save her life. AERObridge put out a call to operators of large cabin, long-range aircraft who had pledged their use for just such a mission and within twelve hours the crew of a U.S.-based Gulfstream IV-SP began flight planning the trip.
“Once we had an aircraft locked in for the mission out of Port au Prince, we began efforts to maximize the utility it offered by contacting humanitarian organizations here in the States to put together a load of desperately needed supplies and equipment to help fight the cholera epidemic” explained AERObridge President Marianne Stevenson. “By the time Barbara and the U.S. State Department had secured permission for Reina [the patient] and her mother to enter the U.S. on Monday [3 January] we had four organizations with relief supplies ready to go on board the aircraft.” Continue reading
We thought that this newsletter from Rolland Vincent Associates, LLC was a great read and received permission to share it with our readers. An excerpt is below, but you can download the entire newsletter (in PDF) by clicking here or on the graphic on the left
The Year 2010 has rapidly come to a close, and no doubt many business aviation executives are quietly whispering under their breath (for a second year in a row): “I’m glad that’s over.” Soon, the financial and sales numbers will be tallied and we will have a clearer picture of the results of all of our efforts.
In the meantime, recovery has certainly taken on a decidedly U- shape, as we first discussed in our July 2009 issue when we likened it to an upside-down Volkswagen Beetle. It takes time, energy, and coordinated action to return the Beetle to its wheels-down position. The good news is that this is exactly what is happening. Policy actions like the extension of accelerated depreciation, investment decisions in new models, facilities, and fleets by Gulfstream, Bombardier, Embraer, Honda, NetJets, and Flight Options, and consistent leadership from NBAA, EBAA, GAMA, AOPA, and others reflect a market that is returning to confidence. With slowed production lines and supply chains, and an overhang of used inventory, 2011 is shaping up to be no better than 2010 for new production delivery volumes. Delivery values are set to remain relatively strong as customers (particularly outside North America and Western Europe) continue to purchase and take delivery of high- end, longer-range aircraft.