These figures are, however, much improved compared to the lows recorded over the past two years.
Utica, NY (PRWEB) November 30, 2011
JETNET LLC, the leading provider of corporate aviation information, has released October 2011 and the first ten months of 2011 results for the pre-owned business jet, business turboprop, and helicopter markets.
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. For Sale inventories have declined, and Full Sale Transactions have recorded 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 11.4% and 17.8%, respectively.
Real gross domestic product (GDP)—the output of goods and services produced by labor and property located in the United States—increased at an annual rate of 2.0% from the second quarter to the third quarter, according to the “second” estimate released by the Bureau of Economic Analysis. The estimate is an improvement compared to the second quarter’s 1.3%, but still well below the 3.0% GDP business aviation growth mark.
Pre-owned Business Jets “For Sale” and “Full Sale Transactions”
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.
Since 1988, JETNET has delivered the most comprehensive and reliable business aircraft research to its exclusive clientele of aviation professionals worldwide. JETNET is the ultimate source for information and intelligence on the worldwide business aircraft fleet and marketplace, comprised of some 60,000 airframes. The company offers services for both fixed wing and helicopter aircraft. Headquartered in its state-of-the-art facility in Utica, NY, JETNET offers comprehensive user-friendly aircraft data via real-time internet access or regular updates.