Bombardier Aerospace’s Dubai parts depot has moved to a new facility to enhance its aftermarket support for operators flying to Europe, the Middle East and Africa (EMEA). It allows greater inventory capacity and, as part of a continuing priority to improve competitiveness, and Bombardier says it has reduced prices on many rotable exchanges and a large number of proprietary and non-proprietary new parts.
Pre-owned business jet and turboprop inventories held steady in July month-over-month, according to data released late last week by business aviation market information firm JetNet. Inventory of used business jets ticked up from June by three aircraft, to 2,521 in July, representing 13.5 percent of the in-service fleet. This was down by 0.2 percentage points year-over-year.
Summer is typically a time the pre-owned market experiences a seasonal bump in inventory, as buyers are out using their jets to get to their favorite summer destinations and aren’t necessarily thinking of buying. This year, however, has been somewhat uncharacteristic and today’s supply of used jets is just about where it was when the year began. The lack of any wild gyrations could be a welcome sign of stability.
Component Control has released a new version of StockMarket.aero, a free online aviation parts e-marketplace. According to the company, enhancements include intuitive usability and navigation, making it quicker and easier to find qualified aviation services and parts. Stockmarket.aero lists more than 40 million line items of inventory and capability from more than 2,300 aircraft parts vendors. “Our goal with this upgrade is to provide more data at a glance, to improve the buyers’ experience and vendor visibility,” said Jason Cordoba, director of StockMarket.aero.
Construction is nearing completion on A J Walter Aviation’s 60-acre headquarters and logistics campus near London Gatwick Airport. The site will include a headquarters office and storage facilities for the company’s inventory of Airbus and Boeing components and consumables.
Pre-owned business jet and turboprop inventories continued to subside in February, according to data released today by market information firm JetNet. Inventory of used business jets fell to 13.9 percent in February, down 0.4 percentage points from the year-ago period. Business jet sales transactions rose 7.7 percent year-over-year, while at the same time asking prices rose 3 percent. Average days on the market for a business jet dropped to 346 days, down 82 days from February last year.
Twenty-five consecutive years is a long time to be in the aviation parts and servicing business, if your principal customers operate helicopters. The first practical helicopters have been around for less than 60 years. But it takes more than just endurance to become a Gold Seal Bell Helicopter customer service facility.
Component Control, at Booth No. 7321, has released “Remote Inventory,” an inventory management tool for Component Control’s core product, Quantum Control. Its users can set minimum and maximum inventory levels online, then track, manage and bill upon consumption for inventory co-located at any customer facility. The Remote Inventory program accelerates replenishment of stock to keep up with work in progress.
By most accounts the fourth quarter of last year was active. While not atypical for that period, the activity was a good sign for the market that tradition seems to be intact, or at least reestablished after being pushed off course a few years ago. With the U.S. economy doing incrementally better, the hope is that this activity will spill into the first quarter and beyond. Many eyes now are cast upon Europe, where last month S&P lowered its credit ratings on nine nations.
While customers in Asia have generally preferred new instead of pre-owned business jets, aircraft sales broker Jetcraft believes this tide could soon change. “Few would dispute that Asia is one of the hottest markets for sales of new long-range/large business aircraft,” said Jetcraft president Chad Anderson. In 2011, about 20 percent of the business jets sold by Jetcraft were new, with most of these going to clients in China, Singapore, Malaysia and Indonesia.