Pre-owned Bizjet Market Stabilizing, Amstat Says

 - October 15, 2009, 12:11 PM

The worldwide inventory of pre-owned business jets on the market decreased from 18 percent to 17.2 percent of the in-service fleet last month, according to a market update report released this week by Tinton Falls, N.J.-based Amstat. “When we examine the past several months worth of market data, the trend does seem to indicate that it’s likely that we have seen the peak in terms of used business aircraft for sale,” said Tom Benson, executive vice president of the corporate aviation research and services firm. However, in late 2007 and early last year this metric hovered around 10 percent for jets and 8 percent for turboprops, and since 1990 the average has been about 12 to 13 percent. The report also points out that business jet resale transactions have increased from 0.6 percent of the worldwide fleet per month to 0.8 percent for each of the most recent three months. Although these improvements might not represent the end of the downturn for pre-owned business jet sales, Benson said they likely can be considered to be “the first signs of market stabilization.” Amstat will be exhibiting at Booth No. 2218 next week at the NBAA Convention in Orlando, Fla.