Jetnet
4 Jan, 12JETNET LLC, the leading provider of corporate aviation information, has released November 2011 and the first eleven months of 2011 results for the pre-owned business jet, business turboprop, and helicopter markets.
Market Summary – Business Jets and Business Turboprops
Pre-owned business aircraft inventories continued to decline in November, but asking prices—especially for jets—have yet to find a bottom. Business jet inventory in November stood at 14.0% of the in-service fleet, down 1.1% from a year ago. In the first 11 months of 2011, jet sale transactions increased by 9.6% compared to the same period in 2010. However, in the same time frame average asking price dove 14.1% to $4.537 million, and average days on the market swelled by nine days to 334.
Meanwhile, the turboprop market appears to be gaining a better footing. Inventory of pre-owned turboprops settled in at 9.9% in November, down from 10.8% in 2010. Turboprop sale transactions rose by 12.4% in the first 11 months compared with the same period in 2010, while the number of days on market decreased by 12 days to 327. Average Asking price was the only negative in the turboprop segment, though it fell by only 3.2% versus a year ago, to $1.311 million.
Download the Full Report (PDF)
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