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
JETNET LLC, the leading provider of corporate aviation information, will be featuring their new market “Views” at HELI-EXPO 2010, the world’s largest tradeshow dedicated to the civil helicopter industry. As part of an interface and information upgrade to its flagship Evolution service, JETNET has created new Views, convenient “at a glance” summaries of market and aircraft information for its subscribers. Each View is a summary page that gathers data points from throughout the Evolution program and compiles them into a single screen of well organized lists, graphs, photos and tables for easy assessment of marketplace status and trends. Each is a different summary configuration, one of six from which users can choose, depending on their needs. The annual HELI-EXPO convention & exposition, sponsored by the Helicopter Association International, will be held at the George R. Brown Convention Center in Houston, TX from February 21–23, 2010. JETNET’s booth is #3017. Continue reading
Inventories of used turbine helicopters have been building since the middle of last year “but now appear to be stabilizing, albeit at record-high levels,” UBS Investment Research noted in its first turbine helicopter inventory report. According to UBS aerospace/aviation analyst David Strauss, about 1,010 helicopters were on the market at the end of June, including 974 used models and 36 new delivery positions.
This number was roughly unchanged from May, but more than double prior-year levels. Despite high inventory levels, pricing has held up relatively well in most models, UBS said, with larger civil helicopter models such as the S-92 and Super Puma faring better than small and midsize models.