JETNET Releases November 2011 Pre-owned Market Statistics: Still Slowly Recovering

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JETNET LLC, the leading provider of corporate aviation information, has released November 2011 and the first eleven months of 2011 statistics for the pre-owned business jet, business turboprop, and helicopter markets.

JETNET, LLC is the leading provider of corporate aviation information

JETNET, LLC is the leading provider of corporate aviation information

Real buyers seem more discerning and knowledgeable than ever, and continue to control the market.

JETNET LLC, the leading provider of corporate aviation information, has released statistics for November 2011 and the first eleven months of 2011 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, while average asking price dove 14.1% to $4.537 million, and average days on the market swelled by nine days to 334.

The turboprop market appears to be gaining a better footing. Inventory of pre-owned turboprops settled 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.

Market Summary – Turbine and Piston Helicopters
After eleven months of 2011 versus 2010, Turbine and Piston Helicopter Full Sale Transactions have declined by 10.9% and 18% respectively. The percentage of the Turbine and Piston helicopter fleet for sale in November 2011 was below 7%.

The average asking price for Turbine helicopters is at $1.277 million, and that of Piston helicopters is at $223 thousand. While the average asking price for turbine helicopters is declining, the average for piston helicopters has increased by 8.3%. This was the only pre-owned aircraft market sector to show an increase in average asking price.

Real buyers seem more discerning and knowledgeable than ever, and continue to control the market. Many are selecting the business aircraft and helicopters that are priced right, and buying activity is directly proportional to the aircraft quality.

A review of U.S. FAA financial documents from 2000 to present shows that prior to the economic meltdown, debt financing versus cash transactions was roughly split 50/50. The percentage of debt financing decreased to 21% through the 3rd quarter of 2011 (based on a four-quarter total moving average), as financing has become available primarily to the lowest credit risk buyers.

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.

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Paul Cardarelli

Karim Derbala
JETNET, LLC
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