Data Shows Positive Biz Aircraft Sales Signs

 - May 20, 2011, 4:00 PM

First-quarter 2011 business jet and turboprop sales and retail transactions were positive, according to data providers Amstat and Jetnet. About 14.2 percent of the worldwide business aviation jet fleet is for sale, down from 14.7 percent three months ago. Meanwhile, pre-owned turboprop inventories dropped to 11.6 percent from 11.9 percent. During the first quarter, 2.4 percent of the active worldwide business jet fleet changed hands, Amstat noted, which is low compared with the 3.3-percent historical average, but the same as the fourth quarter. Jetnet reported business jet sale transactions climbing 17.3 percent in this year’s first quarter, compared with the same period last year. And turboprop sale transactions rose 10.8 percent during the first quarter of this year. However, Jetnet said the business-jet average asking price is down by one-third in the first quarter from a year ago.