JPMorgan: Market Optimism ‘Warranted’

Aviation International News » November 2009
November 2, 2009, 4:29 AM

According to a monthly business jet report issued by JPMorgan last month, the pre-owned market recovery continues though new jet demand is expected to lag. JPMorgan said used inventories fell 50 basis points in September, to 13.6 percent of the in-service fleet, the “second consecutive meaningful decline and further evidence that we are past the cyclical trough in the used market.” The investment firm predicts that pre-owned inventories will decline further in the coming months. Average asking prices for used business jets slipped again, declining 1.8 percent last month. Prices, on average, are 24 percent below the peak last November. However, JPMorgan said, “Some optimism due to [improving] used market conditions is warranted.”

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.