JETNET reported double-digit growth of 19.7% in pre-owned business jet retail sale transactions in the first five months of 2011
Utica, NY (PRWEB) July 01, 2011
JETNET LLC,the leading provider of corporate aviation information, has released May 2011 and the first five 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 aircraft market segments, comparing May 2011 to May 2010. Business Jet inventory For Sale percentage showed the largest change (down 1.2 points), to 14.1% from 15.3%. However, the only market sector to show an increase in for-sale inventory was the piston helicopter market, increasing 4/10 of a point, from 6.4% in May 2010 to 6.8% in May 2011. Business Jet Sale Transactions increased 19.7% in the first five months of 2011 compared to the same period in 2010. Business turboprops also showed an increase of 4.6%. Both helicopter categories saw declines in sale transactions (down 6.3% for turbine and 16.2% for piston) in the first five months of 2011 versus the first five months of 2010.
All pre-owned aircraft categories showed large decreases in average asking price percentages except piston helicopters, which showed an increase of 7.1%. The decrease in the average asking price ranged from a -26.7% for business jets to -4.9% for business turboprops and -12.6% for turbine helicopters, as shown in the Worldwide Trends Table A.
12 Month Moving Total Trends – Pre-owned Retail Sale Transactions
The 12 Month Moving Total Trend for both the Pre-owned Business Jet and Business Turboprop Aircraft Retail Sale Transactions are illustrated in Chart A from January 2004 to May 2011. As of May 2011 the Business Jet retail transactions are 6.8% below the peak set in February 2008, and down 23.7% for Business Turboprops from the peak also set in February 2008.
The U.S. Bureau of Economic Analysis (BEA) reported that real gross domestic product, the output of goods and services produced by labor and property located in the United States, increased at an annual rate of 1.9% in 1st quarter 2011 (that is, from 4th quarter to 1st quarter) according to the “third” estimate. In the 4th quarter, real GDP increased 3.1%. Historically, whenever the U.S. economy shows a growth in GDP of greater than 3.0%, the business aviation market is in a growth mode.
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.