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.
Pre-owned business aircraft inventories continued to decline in October, but asking prices–especially for jets–have yet to find a bottom, according to data released this week by industry research firm JetNet. Business jet inventory in October stood at 13.9 percent of the in-service fleet, down 1.3 percentage points from a year ago.
To serve a growing base of international customers, Hawker Beechcraft continues to expand its global parts support network with new stocking locations as well as increased inventory, Rob Hood, general manager of inventory logistics and global distribution, told AIN. Current HB parts distribution locations include Dallas and London, with inventory stocking locations in Dubai and Singapore.
“While the pre-owned business aircraft market continues to show improvements, all indicators have been slow to recover in the first nine months of 2011,” industry research firm JetNet said in a market report released on Friday.
ECAS, a stocking distributor of aerospace mil-spec hardware and electrical components, announced it intends to open a Las Vegas distribution center on Jan. 3, 2012. ECAS maintains an extensive inventory of AN, MS and NAS fasteners and O-rings.
MRO and logistics software company Component Control (Booth No. C10533) is announcing the formal launch of its new Web Online RFQ parts and services search software here at NBAA.