NBAA Convention News

Amstat Report Hints at Bizjet Sales Stabilization

 - October 22, 2009, 9:08 AM

According to a recent market update from Amstat (Booth No. 2218), the worldwide inventory of pre-owned business jets listed for sale decreased from 18 percent to 17.2 percent in September. “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 Amstat executive vice president Tom Benson. While these improvements may not represent the end of the downturn, he said, they can probably be considered, “the first signs of market stabilization.” Amstat’s monthly Market Analysis showed the same trend for turboprops. After reaching a peak in April, the past two to three months have shown a slight decrease in the inventory of pre-owned turboprops for sale. To put the recent situation into historical perspective, in late 2007 and early 2008 this metric hovered around 10 percent for jets and 8 percent for turboprops. Since 1990 the average has been roughly 12 to 13 percent.