QUICK SEARCH:
 
News
Aviation International News
Airshow & Convention News
AIN Defense Perspective
AIN Air Transport Perspective
Business Jet Traveler
AINalerts
AINmxReports
AINtv
AIN Blogs

Look inside Current Issue

SUBSCRIBE NOW...

SPECIAL REPORTS

Bizav Web Directory
Visit our directory of manufacturers, suppliers and service providers

Issue Archives
Search through years of
AIN past issues


CALENDAR OF EVENTS
Search through the latest
events and conferences



REPRINTS

RSS Feed



Prices Dropping, but Used Bizjet Inventory Stabilizing

According to JP Morgan Global Equity Research’s latest Business Jet Monthly report, June used business jet inventories remained stable at 14.4 percent of the active fleet, “a further sign of stabilization at this very high level. Used inventories of Cessna, Embraer and Hawker Beechcraft jets decreased, according to the report, “while other OEMs saw inventories rise.

Of the 23 aircraft models tracked by JP Morgan, 12 had higher inventories, 10 were lower and one was flat. Although used inventories appear to have peaked, average asking prices dropped 2.8 percent in June, the report noted, “decreasing for the seventh straight month.

We expect prices to continue falling to bring the used market toward equilibrium, though this could take some time. Monthly takeoffs and landings in the U.S. “appear to have stabilized” around the 280,000 range, “off a low of 264,000 in February.

The latest results, for the month of May, show year-to-year flight operations 27 percent lower, “the twelfth straight double-digit decline and the seventh decline of more than 20 percent. Flight ops are down 28 percent year-to-date.

Back

Share This Article With Others

Tweet thisDigg thisRedditBookmark on deliciousStumble thisShare on FacebookFave on Technorati

Related Articles

More Falcons set to nest in Middle East region
November 17, 2009

By March of next year Dassault is expected to deliver the first of four Falcon 7Xs that Saudi Arabian Airlines ordered at the 2007 Dubai...

 
News Clips from Dubai 2009
November 17, 2009

Emirates Charter Intros Exotic Travel PackagesEmpire Aviation Group (EAG) has announced plans for “Lifestyle@Empire,” an extension to the...

 
News Clips from Dubai 2009
November 17, 2009

Jet Aviation Joins JSSI’s Network of Mx ProvidersJet Aviation of Basel, Switzerland, has signed a service agreement with Jet Support Services,...

 
Bizav in MidEast in growth mode, Cessna shows
November 17, 2009

Cessna has provided firm evidence that business aviation in the Middle East is still in growth mode by delivering four of its Citation business...

 
Gulfstream: bizav market is ‘awakening’
November 17, 2009

Executives from Gulfstream Aerospace were clearly starting to relax about the economic situation at a Dubai Airshow press conference here this...