After reaching record lows in December 2021, preowned business aircraft inventory is slowly creeping up, according to the latest JetNet iQ market report and survey data. Presented this morning at the annual JetNet iQ conference in New York City, program creator and director Rolland Vincent noted while strong pricing and valuations continue, the percentage of available business jets has now ticked above 4 percent for the first time since November 2021 with 950 aircraft on the market. Last year opened with an inventory of 7.6 percent and steadily declined.
The personal jet category leads in available aircraft, with 5.8 percent of the fleet for sale at the end of June, followed by bizliners at 5.2 percent and midsize jets at 5 percent. Turboprops and large, ultra-long-range jets ranked near the bottom of availability at 2.8 and 2.6 percent of their respective fleets for sale.
For the first time in four quarters, the third-quarter survey currently underway indicates that aircraft owner/operator sentiment is rising again after reaching an all-time peak in third-quarter 2021. Among the five major business jet makers—Bombardier, Dassault, Embraer, Gulfstream, and Textron—book-to-bill ratios are all above 2:1, with backlogs totaling $46.7 billion.
JetNet’s latest forecast calls for business jet deliveries to exceed 2019 levels starting next year. Over the next decade, the company predicts 8,400 new jet deliveries with a value of $264 billion (2022 dollars). While that represents a decrease of 129 units from last year’s forecast, the overall value is greater by $11 billion, signifying a swing towards the higher end of the market.
In the still-underway survey of business aircraft operators, more than 70 percent of respondents worldwide indicated they would seriously consider buying sustainable aviation fuel over the next 24 months.