The pre-owned business jet market showed “incremental weakness” last month, according to the latest business jet monthly report from J.P.Morgan North American Equity Research. “A single month does not make a trend, but May used-market data, including a sequential increase in inventory by 0.4 percentage points and 3.6-percent decline in pricing not seen since the first half of 2009, suggest that business jet demand will remain weak,” it said.
As we approach the halfway mark of the year, the used jet market continues to show improvement in terms of sales, but at the detriment (if you’re a seller) to price. Every day for the past several years, pricing has become more and more attractive to buyers. In retrospect, it seems that no seller left any money on the table when they rolled out of their previous aircraft and turned the keys over to a new owner. That said, buyers are not cloistered away and continue to buy actively, taking advantage of values no one could have ever predicted.
Pre-owned business jet and turboprop inventories continued their downward trajectory last month, according to data released yesterday by business aviation market information firm JetNet. But the overall picture of the pre-owned market remains mixed at best.
Inventories of pre-owned business jets and turboprops continued to edge downward in March, according to the latest figures from business aviation market information firm JetNet. While turboprops are a seller’s market, for business jets “it’s still a buyer’s market, with ample inventory at near-low average asking prices,” the company said.
The number of pre-owned business jets for sale has hovered around the 2,500 level over the past several years since climbing from about 1,600 before 2008, according to business aviation market information firm JetNet. While pre-owned business jet inventory is now receding as a percent of the in-service fleet, it is doing so only because of new aircraft entering service, the company said.
Inventories of business jets, turboprops and turbine helicopters continued to deflate in January, business aviation market information firm JetNet said today in its latest market update.
According to JetNet, pre-owned business jet inventory in January landed at 13.2 percent of the in-service fleet, down 0.5 points from a year ago. Retail business jet sales, however, fell by 1.8 percent year-over-year, “only the second time since January 2009 that it showed a decline in full retail sale transactions,” JetNet said.
Air Comm Corporation (Booth N5015) announced Monday that the thermal management and environmental systems company recently selected Component Control’s Quantum Control logistics software solution to manage its manufacturing, business systems and inventory control operations.
A record number of pre-owned business jets changed hands worldwide last year, with 2,240 retail sales transactions logged, up from the previous peak of 2,181 in 2007, according to data released yesterday by business aircraft research firm JetNet. This high point follows three years of gains from the low of 1,539 transactions in 2009, the company added.
Duncan Aviation’s parts consignment program sold $1.07 million in consignment parts and rotables last year and saw the number of consigners increase by nearly 30 percent. Customer parts are stored in Duncan’s warehouse until sold. During the process, the consigner retains title to the inventory. Duncan Aviation also protects the consignor in case the purchaser defaults on payment and maintains insurance against casualty and subsequent loss.
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.