UTICA, NY – JETNET LLC, the leading provider of corporate aviation information, has released December 2012 monthly and year-to-date (YTD) results for the pre-owned business jet, business turboprop and helicopter markets.
Highlighted in Table A are key worldwide trends across all pre-owned aircraft market sectors, comparing December 2012 to December 2011, as well as YTD. The Fleet For Sale percentages for all market sectors, except for piston helicopters which showed no change, were down in the December comparisons, with the largest drop in business turboprops, to 8.3% from 9.6% in December 2011.
Key Metrics (December 2012 vs. December 2011 and YTD)
For Sale inventories continue to decline:
- Business jets for sale were at 13.4% (down 0.4 from 13.8%)
- Business turboprops for sale were at 8.3% (down 1.3 from 9.6%)
- Turbine helicopters for sale were at 6.1% (down 0.5 from 6.6%)
- Piston helicopters for sale were at 6.1% (no change)
Download the full release (PDF)
UTICA, NY – JETNET LLC, the leading provider of corporate aviation information, has released February 2011 results for the pre-owned business jet, business turboprop, and helicopter markets.
U.S. vs International Business Jets For Sale
Chart A shows the percentage of domestic U.S. versus international Business Jets For Sale from 1990 to 2010.
During the decade of the 1990s the ratio ranged from a high of 83/17 to a low of 66/34 and then increased again to 79/21 for much of the decade of the 00s. However, starting in 2008 this ratio declined rapidly over a two-year period, ending with a 67/33 ratio in 2010. In our view, this change in direction has had an impact on the stubbornly high For Sale inventory levels we witnessed throughout 2010.
Highlighted in Table A are the key worldwide trends across all aircraft market segments, comparing February 2011 to February 2010. Business Jet inventory percentage For Sale showed the largest change (down 1.4 points), to 14.4% from 15.8%. Both turbine and piston helicopter sectors were basically unchanged in percentage For Sale for February 2011 compared to 7% for the same period in 2010.
Business Jet Sale Transactions increased 17.2% YTD in February 2011 compared to the same period in 2010. Business turboprops also showed a positive change of 10.4%. Both helicopter categories saw large double-digit declines in sale transactions (down 31% for turbine and 28.5% for piston) YTD in February 2011 vs. 2010, in a further softening of asking prices across all sectors.
Read the Full Report (PDF).
UTICA, NY – JETNET LLC, the leading provider of corporate aviation information, has released January 2011 results for the pre-owned business jet, business turboprop, and helicopter markets.
Business Jet Delivery Cycles—2000 to 2010 View As illustrated in Chart A (below), the years from 2000 to 2010 reveal two different delivery cycles for new and preowned business jet market sectors. The pre-owned jet market had been on a steady increase from 1,479 sale transactions in 2001 to 2,232 in 2007 before starting a two year decline. New business jet deliveries lagged the pre-owned market decline by one year prior, having grown from 517 in 2003 to its record breaking year in 2008 with 1,313 deliveries, followed by two years of decline in 2009 and 2010.
The good news: after two years of decline in the pre-owned business jet market, 2010 has shown a reversal. The year’s 1,888 pre-owned business jet transactions was an increase of 16% over 2009, and 4.8% over 2008.
2010 new business jet deliveries of 763 were down by 12.3% compared to 870 in 2009. 2011 is expected to be
another year of correction, but with a prediction of a strengthening of global economic conditions. Download the full report (PDF)
JETNET Releases June and First Six Months 2010 Pre-Owned Business Jet and Turboprop Aircraft and Helicopter Market Information
The 10th annual European Business Aviation Convention & Exhibition (EBACE) ended its three-day May 2010 conference with sold-out exhibit and static display spaces, 11,174 attendees and a general air of optimism that the global industry’s economic outlook is on the upswing. Halls 6 and 7 of Geneva PALEXPO and the Static Display of Aircraft were full with 436 Exhibitors and 65 aircraft out at Geneva International Airport.
While it was generally agreed that optimism was in the air, questions about the recovery still lingered. “Are we there yet?” and “How long is this going to take?” were common thoughts among the many attendees, without many clear answers. Reflecting on some historical data, and examining and understanding the metrics that underline our recovery, will shed some light on what to expect.
New aircraft orders are based on the successful sale of existing aircraft in the pre-owned market, a good first predictor. Recent history of the build-up in the inventory for sale business jets shows that the market went “negative” sometime in 2008. After some 5 years of record sales and rising aircraft values, the bubble finally burst amid a world economic collapse and banking crisis of historic proportion. Read the full report here (PDF).
A recently released report from JetNet indicates that the pre-owned inventory of business jets and turboprops declined further last month, though the aviation information firm said the market still remains very much a buyer’s realm. At the end of last month, JetNet data showed that pre-owned business jet inventory as a percentage of the in-service fleet was at 15.5 percent (2,693 aircraft), 1.9 percentage points lower than in April 2009 and 2.2 points below the 17.7-percent peak recorded in July. As inventory has deflated, the number of pre-owned full-sale transactions has increased by 45 percent in the first four months versus the same year-ago period. However, the average number of days that pre-owned business jets remained for sale on the market during the first trimester increased by 63 days, to 327 days, when compared with the same four months of last year. Average asking prices during the first four months edged down slightly by 0.5 percent. Pre-owned turboprop inventory descended to 11 percent last month (1,397 aircraft), down almost a full percentage point from April 2009. Used turboprop transactions rose 6.6 percent and asking prices increased 4.4 percent in the first four months from a year ago. Average number of days on the market for pre-owned turboprops during this period, however, climbed 12 percent to 317 days.
Click here to download the full report (PDF)