JetNet: Bizav Operators in Buying Mood

 - June 30, 2011, 6:10 AM

JetNet’s results from its quarterly iQ Global Business Aviation Survey, which garnered responses from 506 business aircraft owners and operators in 57 countries, indicate that about 40 percent plan to buy a new or pre-owned business jet or turboprop over the next 12 months. “The industry appears to be on the verge of a significant rebound in net orders,” it noted. Respondents were asked about intentions to buy and sell turbine airplanes, aircraft purchase criteria and flight-hour utilization, among others. The results show that 12 percent of respondents indicated a strong probability of purchasing a new business jet or turboprop over the next 12 months, while 17 percent said they were very likely to purchase a pre-owned jet or turboprop over the next year. Latin America, the Caribbean and Asia Pacific have the highest purchase likelihoods, JetNet said.