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)