SkyBooks, a unit of Textron, is adding an integrated inventory tracking module to its maintenance-tracking and operations management service. The user-managed program allows users to add, edit and track cores, bench stock and consumables in their inventories. The module interfaces directly with SkyBooks’ other features, which manage maintenance, warranty, flight operations, expenses, pilot currency and document archiving.
According to a monthly business jet report issued by JPMorgan this week, the pre-owned market recovery continues though new jet demand is expected to lag.
Fort Lauderdale-based CRS Jet Spares is in negotiations to add facility space in Hong Kong. “We’ve been studying the Asia market for three years and we feel the time is right to make the move,” CEO Armando Leighton told AIN. The company is currently moving inventory to the West Coast so the Hong Kong facility can be quickly stocked once it is opened.
Available business jet inventories dropped 2 percent in August, the second sequential decline in three months, following 18 months of consecutive increases, according to a business jet report issued by UBS Investment Research. Despite the decline, available inventories are still at 17 percent of the in-service fleet, some 36-percent higher than August last year.
The good news is that the bad news seems to have subsided for the time being and business aviation’s recent negative publicity served to make aircraft that much more affordable.
“We’ve felt a more positive vibe on business jets recently, with used inventory ticking down slightly and flight operations edging upward,” JPMorgan Equity Research aerospace analyst Joseph Nadol III said this week.
Available business jet inventories dropped 2 percent last month, the second sequential decline in three months following 18 months of consecutive increases, according to a business jet report issued by UBS Investment Research this afternoon. Despite the decline, available inventories are still at 17 percent of the in-service fleet, some 36 percent higher than August last year.
Inventories of used turbine helicopters have been building since the middle of last year “but now appear to be stabilizing, albeit at record-high levels,” UBS Investment Research noted in its first turbine helicopter inventory report. According to UBS aerospace/aviation analyst David Strauss, about 1,010 helicopters were on the market at the end of June, including 974 used models and 36 new delivery positions.
According to JP Morgan Global Equity Research, pre-owned business jet inventories in June 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