Pre-owned business jet sales during the first nine months have been a bit slower year-over-year, according to the latest data from business aviation market information firm JetNet. However, the silver lining is that aircraft pricing seems to be on firmer ground, trending in positive territory for the past five consecutive months and with double-digit percent increases in the last three.
Stock market crashes
The inventory of pre-owned business jets contracted further in June, to 13.2 percent, down 0.3 percentage points from the year-ago period, according to data released on Friday by business aviation research firm JetNet.
Pre-owned business jet sales started off the year slowly, according to statistics released by industry data provider JetNet. The company’s report for the first third of the year showed that sales declined by 6.3 percent during that span compared with the previous year, with 698 jets changing hands in the first four months. At an average of 429 days, those aircraft spent 97 more days on the market this year than they did last year, while the average asking price declined by 3.5 percent, to approximately $4.12 million.
Business aviation may still be brimming with righteous indignation over recent attacks by President Barack Obama (in the row over bonus depreciation) and The Wall Street Journal (over the Block Aircraft Registration Request issue), but it now faces bigger and more tangible problems.