Business jet sale transactions increased 7.7% YTD in July 2012 compared to 2011.
Utica, NY (PRWEB) August 30, 2012
JETNET LLC, the leading provider of corporate aviation information, has released July 2012 and the YTD 2012 results for the pre-owned business jet, business turboprop and helicopter markets.
Key worldwide trends comparing July 2012 to July 2011 show the fleet “for sale” percentages for all market sectors were down, with the largest drop in business turboprops, down to 8.9% compared to 10% for July 2011.
Continuing the good news from last month, business jet sale transactions increased 7.7% YTD in July 2012 compared to 2011. They are also selling in less time (6 fewer days). However, business turboprops declined by 2.5%, while turbine and piston helicopters saw double-digit declines in YTD sale transactions, at 10.7% and 12.2% respectively.
Business jet average asking price increased 2.6% for 2012 YTD compared to the same period in 2011. However, the business turboprop market is the only market to show a decrease in average asking price—of 3.2% YTD compared to last year—and it is taking 28 days longer to find a buyer when viewing the average days on the market. Average days on the market for business turboprops is less than a year (346 days) compared to the other markets, which are averaging well over a year before selling.
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, commercial, and helicopter aircraft fleet and marketplace, comprised of some 100,000 airframes. Headquartered in its state-of-the-art facility in Utica, NY, JETNET offers user-friendly aircraft data via real-time internet access or regular updates.