JETNET Releases November 2012 and First Eleven Months of 2012 Pre-Owned Business Jet, Business Turboprop and Helicopter Market Information

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JETNET LLC, the leading provider of corporate aviation information, has released the month of November 2012 and through November 2012 year-to-date (YTD) results for the pre-owned business jet, business turboprop and helicopter markets.

Worldwide Leader In Business Aviation Information

Worldwide Leader In Business Aviation Information

Of significance is the double-digit increase in turbine helicopter average asking price.

JETNET LLC, the leading provider of corporate aviation information, has released the month of November 2012 and through November 2012 year-to-date (YTD) results for the pre-owned business jet, business turboprop and helicopter markets.

Market Summary
Fleet For Sale percentages for all market sectors were down in the November comparisons, with the largest drop in business turboprops, to 8.5% from 9.9% in November 2011.

Key Metrics (November 2012 vs. November 2011 and November 2012 YTD)

For Sale inventories continue to decline:

  •     Business jets for sale were at 13.6% (down 0.4 from 14.0%)
  •     Business turboprops for sale were at 8.5% (down 1.4 from 9.9%)
  •     Turbine helicopters for sale were at 6.2% (down 0.6 from 6.8%)
  •     Piston helicopters for sale were at 6.1% (down 0.2 from 6.3%)

Full Sale Transactions had mixed results, with only business jets showing growth:

  •     Business jets were up (5.7%)
  •     Business turboprops were down (-4.4%)
  •     Both turbine (-1.6%) and piston (-4.9%) helicopters were down

Average Days on Market are all at very high levels:

  •     All market sectors have shown increases in Average Days on Market YTD through November 2012, except business jets which took the same number of days on average to sell
  •     Piston helicopters took more than a month (37 days) longer to sell than a year ago

Average Asking Prices showed mixed results:

  •     Business jets (+1.8%), business turboprops (+1.5%), and turbine helicopters (+12.0%) increased
  •     Piston helicopters (-0.4%) decreased

November 2012 YTD Summary

Business jets are on a positive pace in 2012, with 5.7% growth YTD in November 2012 in the pre-owned full retail sale transactions, and a 1.8% increase in average asking price compared to the same period in 2011. However, other market sectors are not showing similar results. Other pre-owned aircraft are showing decreasing sale transactions, are taking longer to sell on average, and are at much greater average asking prices compared to the same 2011 period.

Of significance is the double-digit increase in turbine helicopter average asking price. While price increases were evident across the board for all models in this segment in 2012, there were also several models sold with very high asking prices (asking prices exceedingly higher than those of the typical helicopter on the market).

Good News

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 3.1% in the third quarter of 2012 (that is, from the second quarter to the third quarter), according to the "third" estimate released by the Bureau of Economic Analysis. In the second quarter of 2012, real GDP increased 1.3% and matched the exact same percentage reported in the 3rd quarter 2011

The “third” estimate of the U.S. GDP is welcome news, and the first time this year that the GDP has exceeded the 3.0% growth mark (when business aviation does well).

The BEA release showed the economy grew for the 13th straight quarter. However, reflecting on the strong 4th quarter 2011 GDP growth of 4.1%, will the U.S. witness a repeat of this growth in the 4th quarter 2012 when all the numbers are in?

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 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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