News
Business aircraft market analysis information released
Oct. 4, 2010, Utica, N.Y. - JETNET LLC has released the August 2010 results for the pre-owned business jet, business turboprop, and helicopter markets.
October 4, 2010 By Carey Fredericks
Market Summary
Highlighted in Table 1 are the key worldwide trends across all aircraft market segments for the first eight months of 2010 versus 2009. Business Jet inventory For Sale shows the largest change (down 2.5 points), to 14.9% from 17.4%. Most important is the percentage change in the Sale Transactions; Business Jets led with the largest percentage gain, 30.1%, compared to 2009. All aircraft categories are taking longer to sell in 2010, ranging from 40 to 124 more days in the YTD comparisons. The Piston Helicopter segment is the only one in the aircraft market to show an increase in average asking price (of 2.4%). However, the Piston Helicopter segment is also the only one to be down in sale transactions (a 6.4% drop).
Table 1
Y-T-D January to August 2010 vs 2009
Business Aircraft Helicopters
Worldwide Trend Jet T/P Turbine Piston
% For Sale 14.9% 10.5% 6.9% 6.5%
Change – % For Sale (-2.5) pts. (1.2) pts. .1 pt. (1.1) pts.
% Change – Sale Transactions 30.1% 4.9% 18.0% -6.4%
Change – Avg. Days on Market 77 40 93 124
% Change – Avg. Asking Prices -2.7% -5.7% -7.8% 2.4%
