Business aviation investor consultancy Brian Foley Associates is seeing signs that the pre-owned business jet market could bottom out as early as this summer. “That’s not to say there’ll be an immediate decrease, just that it won’t get much higher,” noted company president Brian Foley.
GE Aviation has signed an exclusive distributor agreement with Aviall Services that covers unique spare parts of the GE CF34-3 for the remaining life of the engine.
Two separate analyst reports issued this week by UBS Investment Research and Brian Foley and Associates note that business jet order backlogs are at increased risk due to rising pre-owned inventory and recession. According to UBS, pre-owned bizjet inventory now stands at 16 percent of the in-service fleet, climbing 2 percent last month alone and 65 percent above prior-year levels.
Investment research by UBS published this month shows a marked increase in both used business aircraft available for sale and in delivery positions for sale. The investment bank’s conclusion is this: “We believe the deterioration…and decline in flight activity presage what we think will be a significant slowing in new order activity.
Aviation parts supplier Turbine Engine Consultants (TECI) has announced the availability of a consignment program called Excess Inventory Management (EIM). Joplin, Mo.-based TECI (Booth No. 5321) owns a 75,000-sq-ft climate-controlled warehouse for EIM inventory. The facility includes multiple loading docks and makes use of a variety of shipping methods, the company said. Founded in 1991, TECI
A new aftermarket support organization has been formed as a recommended solutions supplier for Airbus Spares Support and Services. Called the Blue Sky Alliance, the new group brings together Netherlands-based Avio-Diepen, Germany’s Interturbine Logistik and Satair of Denmark, which can provide a single point of contact for aftermarket space in all consumable material, expendables and standard hardware materials.
Parts supplier Turbine Engine Consultants (TECI) has announced the availability of a consignment program called Excess Inventory Management. TECI says EIM gives customers an easy, reliable and profitable solution for excess and surplus inventory. TECI owns a 75,000-sq-ft secure and climate-controlled warehouse for EIM inventory that has multiple loading docks and a variety of shipping methods.
If you have excess inventory sitting in your hangar, Turbine Engine Consultants (TECI) of Joplin, Mo., has a solution. The aviation parts supplier has introduced a consignment program called excess inventory management.
Embraer has introduced Tool on Time, a material solutions program that offers an inventory of more than 130 maintenance tools and ground support equipment to customers in Europe, Africa and the Middle East.
In July 1998 there were 750 used jets for sale and today there are more than 2,000. Pessimism swapped places with exuberance in early 2001 and jet values came crumbling down. This year proved to be slightly different in terms of price degeneration, which on many aircraft seemed to occur at a slower rate than last.