Earlier this year, The National Business Aviation Association invited JETNET to join the NBAA’s Leadership Council. We are proud to join the ranks of the most prestigious and influential companies in the industry. The council exists to offer support and guidance to NBAA in its critical mission to secure favorable local and national government policy for business aviation. It brings together the leading participants on the forefront of business aviation innovation.
This invitation comes to JETNET at a perfect time in our company’s growth. At this time, we all have encountered varied challenges to our businesses. Having launched our forecasting arm, JETNET iQ, www.jetnetiq.com, last year to great success, we are in the perfect position to provide factual data, gathered by our staff of researchers that will secure insight into the plans of aircraft operators worldwide.
Paul Cardarelli, JETNET’s Director of Sales and Marketing, serves as our representative on the council. He has been tireless in his promoting the industry benefits of JETNET iQ and has served as speaker at our recent iQ Summit in New York City. Cardarelli has insight gleaned from iQ that is invaluable to NBAA. “Now more than ever aircraft owners are in need of advisement and guidance with regards to ownership and purchasing decisions. For many this includes reconciling to the fact that their current aircraft has so substantially diminished in value that its retirement may be the only viable solution.” Per Cardarelli.
Another primary concern has been the world economy and the serious issues facing our industry’s growth. One of the more pointed facts to come out of the iQ research, per Cardarelli, “While China cannot be ignored for its potential as a burgeoning market for business aviation, it simply will not represent enough airframes in the short term to resurrect our industry from its current recession. For the foreseeable future North America will remain the dominion of the largest business aircraft fleet and so our attention to our customers there must not be distracted. “
Membership is exclusive and reserved for organizations seen by NBAA as playing a leadership role within our industry. For more information on the NBAA Leadership council log on to http://www.nbaa.org/membership/leadership/. And for more information on JETNET iQ, contact Paul Cardarelli
Main Office: 800.553.8638 X254 >> 315.797.4420
AIN Online shares some of the takeaways from our recent JETNET iQ Summit in NYC.
The global business aviation industry is anticipating a modest increase in flight utilization, according to statistics released last week by aviation information services firm JetNet at its second annual iQ Summit in New York City. Based on the results of its most recent quarterly survey of business aviation operators, the company foresees nearly 5-percent growth in flight hours worldwide over the next 12 months and a 7-percent increase in the following 12 months.
Read the full article at AIN Online
So now that NETJET’s placed an impressive order for up to 425 aircraft a $9.6Bn USD Dollar order with Bombardier & Cessna. What will this do to the pre-owned market?
What will a glut of high-time aircraft that are similarly configured do on the open market? Will we see a lot of exports due to pricing to the BRIC or other demographics like Asia? Will we see a rash of retirements of late model aircraft due to owners having the option to buy a cheap younger aircraft even if the airframe times are very high?
Let the discussion begin, we’d love your thoughts!
We thought Par Avion Ltd’s Janine Iannarelli latest piece was an excellent read and wanted to share it with our readers.
“Where are the aircraft resale markets headed?” is among the first questions posed to me in just about every conversation I have as of late. Don’t you know I wish I could look forward with complete accuracy 100% of the time? Then I might be writing this blog from a beach in some exotic locale as opposed to my present state of being crammed into an economy seat on a commercial airliner. While in the past I felt I read the tea leaves pretty well, the clarity of the water seems to have gotten murky again in our so called economic recovery. Just when you think the analytics are showing you some sort of trend, a bend in the road appears. Actually sharp curves depending on the make/model of airplane in focus.
Many of us who make our living dealing in business aircraft are a little tired of trying to get ahead of the market and would welcome signs if not of an increase in sales, then how about a little predictability based on developing trends? One would like to be able to bring “X” airplane to market at fair market value, strategically position it so as to sell in a time frame commensurate with current conditions and provide for a decent return to its owner. Again, establishing a price that takes into account the market one is working with and reviewing the available historical data as well as current market conditions–not have the entire marketing plan go right down the drain because of the unexpected wild card play. Such as bringing an airplane to market at a price that shocks while insuring it will be the next to sell. Lately I have seen and heard of a couple of examples of such that go beyond undercutting the competition which I see as the more damaging effect of resetting the market. This is not selling.
Read the full post at Par Avion Ltd’s blog
JETNET was proud to contribute to and be part of the information board for the ITC Report:
Business Jet Aircraft Industry: Structure and Factors Affecting Competitiveness
“The U.S. business jet manufacturing industry is facing new challenges as it competes in a market environment characterized by tightened credit, uncertain government funding for research and development (R&D), and new entrants into the industry, reports the U.S. International Trade Commission (USITC) in its publication Business Jet Aircraft Industry: Structure and Factors Affecting Competitiveness.
The USITC recently concluded the investigation for the U.S. House of Representatives’ Committee on Ways and Means. As requested, the report covers the period 2006-2010, with data from 2011 as available, for business jets at or below 50,000 pounds maximum takeoff weight.
The report provides an overview of the structure of the U.S. and global business jet industry; discusses the global market for business jet aircraft and the effects of the recent economic downturn on business jet demand; reviews government policies and programs involving the business jet industry, including those related to financial support, aircraft R&D, and certification; and examines factors that may affect the future competitiveness of the industry, particularly in the United States, Europe, Brazil, Canada, and China.”
Download the full report here.