JETNET presents state of the market briefing
Oct. 22, 2013, Las Vegas, Nv. - Today JETNET LLC presented its annual view of the industry at its JETNET iQ State of the Market Briefing at the National Business Aviation Association (NBAA) 2013 convention in Las Vegas, Nevada.
The briefing highlighted key trends and insights from JETNET iQ (Intelligence Quarterly), the company’s premium forecasting and advisory service for business aviation. The JETNET iQ Briefing was hosted by Rollie Vincent, JETNET iQ Creator/Director, and Paul Cardarelli, JETNET Vice President of Sales.
Key results from JETNET’s latest market intelligence, including the just-completed JETNET iQ Q3 2013 Global Business Aviation Survey, were presented. In Q3 2013, 507 respondents from 46 countries collectively operated 1,331 fixed-wing turbine aircraft, according to JETNET records. Survey respondents’ locations and “aircraft in operation” closely mirror those of the world fleet, and results are considered representative with a margin of +/- 4%, 19 times out of 20.
Globally, 49% of owners and operators in the Q3 2013 Survey believe that the business aviation industry is past the low point in the current business cycle, down from 52% one year ago. Regionally, results are highest in North America (54%), and lowest in Latin America & Caribbean, and Rest of World (35%). New aircraft purchase intentions and flight utilization expectations over the next 12-24 months have slipped from prior surveys.