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)
When I saw the title of Mike Chase’s upcoming article for World Aircraft Sales magazine’s June 2010 issue, called “How Long Is This Going To Take?” the picture that came to mind was hearing my kids whine “are we there yet?” whenever I had to drive them anywhere that took longer than 10 minutes. This is not to say that we in the business aviation industry are being childishly impatient, just the opposite. I believe that we as a whole have hunkered down to weather this financial storm with grace and dignity. We just want to see the clues that will show the end is in sight.
Mike Chase is a regular writer for World Aircraft Sales magazine and a JETNET consultant. He is President of Chase and Associates located near DFW in Texas. We here at JETNET are proud and delighted to have Mike’s over 30 year’s worth of experience and industry knowledge working so diligently on our behalf. His background includes Director of Market Research for Gulfstream Aerospace, and Senior Manager, Market Analysis and Planning at McDonnell Douglas. He travels extensively and lectures all over the world. Visit his website for more information about him and his company.
In this article, Mike, in collaboration with Marj DeLong, President of MarketLift, Inc., addresses multiple factors that point to the fact that we are on the right track toward recovery. Here is the article.