UTICA, NY – JETNET LLC, the leading provider of corporate aviation information, has released April 2011 and the first four months of 2011 results for the pre-owned business jet, business turboprop, and helicopter markets.
Last month, JETNET reported that the 1st quarter 2011 pre-owned market showed early-stage recovery signs with expectations that 2011 would be a year of correction. In April this trend continues as JETNET reports double digit growth of 15.7% in pre-owned business jet retail sales transactions in the first 4 months of 2011, along with a decline in average asking price. The health of the pre-owned market sets the stage for new aircraft orders.
New Business Aircraft Deliveries
Table A shows 1st quarter 2011 new business aircraft deliveries as reported by GAMA. While the total percentage decline of deliveries across all aircraft sectors is down by 5% and total billings are down by 20% (or $1.9 billion), new business jet deliveries were down by 22% in 1st quarter 2011 compared to 2010. Download the full report (PDF)