UBS Bizjet Market Index Near Four-Year Low

AINalerts » July 16, 2013
July 16, 2013, 1:45 PM

UBS Investment Research’s latest Business Jet Market Index dropped to 39 from 41 in May. The index measures “total value” in a survey of 131 “U.S. domestic and international broker/dealers, manufacturers, fractional providers, financiers and others,” according to UBS. The majority, 63 percent, are brokers/dealers.

The survey doesn’t assess absolute business conditions but measures changes in respondents’ views. The index is near a four-year low, “and well below the 50 mark that is indicative of sequential improvement.”

Some components of the index showed slight improvement, including customer interest and pricing (up 1 and 2 percent, respectively), but the 12-month outlook was down 11 percent and willingness dropped 9 percent.

In the customer interest component, the strongest response was for North America, although that number dropped 5 percent from the previous survey. Asia dropped 11 percent, and the Middle East climbed 13 percent, while Latin America and Europe grew by 1 percent.

Buyer interest in large-cabin jets continues to grow, at 67 percent, followed by small cabin at 21 percent and midsize at 12 percent. Pricing levels are steady, according to 53 percent of respondents, while 3 percent saw increases and 44 percent saw declines.

FILED UNDER: 
Share this...

Please Register

In order to leave comments you will now need to be a registered user. This change in policy is to protect our site from an increased number of spam comments. Additionally, in the near future you will be able to better manage your AIN subscriptions via this registration system. If you already have an account, click here to log in. Otherwise, click here to register.

 
X