JETNET releases August 2011 pre-owned market information
For the first time this year, some good news in the pre-owned business jet retail sale transactions
JETNET has released August 2011 and the
first eight months of 2011 results for the pre-owned business jet, business
turboprop, and helicopter markets.
For the first time this year some
long-anticipated good news came for pre-owned business jet retail sale transactions.
In the first eight months of 2011, the year-to-date (YTD) average asking price
increased 3.5% while the industry maintained double-digit growth at 11.4%.
Highlighted in Table A are the key
worldwide trends across all pre-owned aircraft market sectors, comparing August
2011 to August 2010 as well as Year To Date.
Key Metrics are
inventories continue to decline
• Business Jet inventory For Sale at 13.8% (down 1.1
points from 14.9%)
• Business Turboprops For Sale at 10.2%
(down 0.5 points from 10.7%)
• Turbine Helicopters For Sale at 6.7% (down 0.2
points from 6.9%)
• Piston Helicopters For Sale at 6.5% (no change)
Full Sale Transactions show mixed results
• Both Business Jet (up 11.4%) and
Business Turboprops (up 11.7%) show double-digit growth
• Both Turbine (down 11.6%) and Piston
helicopters (down 17.9%) show double-digit declines
Average Asking Prices show mixed results;
Business Jets show positive change for first time YTD
• Both Business Jets (up 3.5%) and Piston
Helicopters (up 5.1%) show increases
• Both Business Turboprop (down 1.5%) and
Turbine Helicopters (down 13.8%) show decreases
Average Days on the Market all at very
• All market sectors are over 300 days
average on the market before a sale
• All market sectors have reduced the
average days in August, except for business turboprops which took 11 days longer
While the pre-owned market continues to
show improvement, all changes have been slow to recover, though are much
improved compared to the lows recorded over the past two years.