A recently released report from JetNet indicates that the pre-owned inventory of business jets and turboprops declined further last month, though the aviation information firm said the market still remains very much a buyer’s realm.
Online parts marketplace Rhobi (reinventing how online business integrates) “is the biggest technological advance for parts ordering and inventory since the fax machine,” asserts Steve Edwards, COO of Fort Smith, Ark.-based Rhobi. Edwards had a parts supply company and was unhappy with his options for software that would let his reps see up-to-date inventory, order parts and communicate with the company.
While a year ago it seemed as if buyers were beginning to emerge from harsh winter hibernation, in fact inventory was still a few months away from reaching its all-time peak. At the same juncture this year, we find inventory a couple of hundred aircraft below its 12-month moving average, yet still a couple of hundred above the pre-Lehman collapse figure.
IT directors concerned with the rising cost of parts and inventory management have another option available. Arinc Managed Services (AMS) is offering a new tool: mobilized asset management. AMS adds mobile data access and updating capabilities to Arinc’s asset management and inventory control solutions.
Heli-Mart (Booth No. 949) has nearly doubled its MD 500 parts inventory and its affiliate Phoenix Heliparts, a Part 145 repair station, has moved into a new 40,000-sq-ft facility in Mesa, Ariz. Phoenix Heliparts is part of the MD 500 Total Support Group, which includes Heli-Mart and California Aero Components.
Aircraft spares specialist AAR is offering a cost-effective parts inventory management program to relieve airlines’ cash flow headaches. “There’s no question airlines in this region are looking for ways to streamline their inventory cost structure,” said AAR’s vice president of sales for the Aviation Supply Chain Group in the Asia-Pacific region, Paul Richardson.
Customers will begin to see demonstrably better product support, including hard AOG (aircraft on ground) support, from American Eurocopter by the end of the second quarter of this year, according to a senior executive for the company.
CRS Jet Spares is moving inventory to Europe to bolster support for its international customers. Inventory will include Gulfstream, Challenger, Falcon, Learjet, Beechjet, CRJ and Hawker parts. The company will also continue its 24/7 AOG support commitment to its international customers.
JPMorgan’s latest business jet monthly report, released yesterday, indicates that October was another month of modest improvement in aircraft demand and utilization. Further, pre-owned business jet inventories fell for the third straight month, “and the peak for this cycle now seems more firmly behind us, but they remain at very high absolute levels,” noted JPMorgan aerospace analyst Joseph Nadol III.