Used market remains wobbly
Compared with August 2009, there were fewer used business jets for sale in August this year, according to statistics compiled by JetNet (Booth No. 8401). There were also slightly more turboprop aircraft on the preowned market and almost exactly the same number of turbine helicopters for sale at the end of August 2009 and 2010, but slightly more piston helicopters on the market this year. This resulted in 14.9 percent of the worldwide business jet fleet being for sale at the end of August this year (a drop of 2.5 percentage points from August 2009), 10.5 percent of the turboprop fleet (an increase of 1.2 points), 6.9 percent of the turbine helicopter fleet (an increase of 0.1 point) and 6.5 percent of the piston helicopter fleet (a decrease of 1.1 points).<o:p></o:p>
Over the same period, business jets experienced an increase in sales transactions of 30.1 percent, turboprops saw an increase of 4.9 percent, turbine helicopters saw an increase of 18 percent and the number of piston helicopter transactions actually decreased by 6.4 percent.
However, all segments are taking longer to sell, reported JetNet. The average time on the market clocked in at 77 days for jets, 40 days for turboprops, 93 days for turbine helicopters and 124 days for piston helicopters.
All except piston helicopters saw average asking prices decrease, August to August. Average ask prices for jets were down 2.7 percent, for turboprops they were down 5.7 percent and for turbine helicopters ask prices were down 7.8 percent. The average asking price for piston helicopters rose 2.4 percent.