JETNET October 2011 pre owned market information
JETNET issue first ten months 2011 market information
JETNET has released October
2011 and the first ten months of 2011 results for the pre-owned business jet,
business turboprop, and helicopter markets.
Highlighted in Table A are
key worldwide trends across all pre-owned aircraft market sectors, comparing
October 2011 to October 2010 as well as year-to-date (YTD) figures.
While the pre-owned market
continues to show improvement, all indicators have been slow to recover in the
first ten months of 2011. These figures are, however, much improved compared to
the lows recorded over the past two years. The For Sale inventories have
declined, and Full Sale Transactions have recorded double-digit growth for both
Business Jets and Turboprops of 10.3% and 10.2%, respectively. Both Turbine and
Piston Helicopter Full Sale Transactions have declined by double-digit
percentages of 11.4% and 17.8%, respectively.
US economy (second estimate
of 3rd quarter 2011), real gross domestic product (GDP), the output
of goods and services produced by labour and property located in the United
States, increased at an annual rate of 2.0% in the third quarter of 2011 (that
is, from the second quarter to the third quarter) according to the “second”
estimate released by the Bureau of Economic Analysis. In the second quarter,
real GDP increased 1.3%. The “second” estimate of the US GDP is welcome news
compared to the second quarter’s 1.3%, but still well below the 3.0% GDP growth
mark (when business aviation does well).
Table B shows business jet
results for October 2011 compared to October 2010.
The For Sale inventory
continues to decline, and Full Sale Transactions are up 10.3% in the first ten
months of 2011 compared to the same period in 2010.