Utica, NY (PRWEB) March 26, 2013
JETNET LLC, the leading provider of corporate aviation information, has released February 2013 results for the pre-owned business jet, business turboprop, and helicopter markets.
For Sale Market Summary
Comparing February 2013 to February 2012, fleet for sale percentages in all market sectors were down in the February comparisons, except piston helicopters. Business turboprops moved still lower, well below the 10% mark, clearly moving it into a seller's market.
Two segments, business jets and turbine helicopters, have crossed the 19,000 in-operation level.
It is noteworthy that for-sale business jets have changed very little from the 2,500 level over the past several years since climbing from the 1,600 level prior to 2008. The percentage for sale has declined as a result of the growth of the in-operation fleet.
In-operation business jets have increased by 472 (2.5%) while those for sale have decreased by 30 (1.2%). These changes produced results with percentages for sale at 13.3%, declining by 0.6 percentage point from 13.9%.
The total fleet increased by 523 business jets from February 2012 compared to February 2013. However, the number of business jets in production declined by 81 and the number out of operation (retired/stored) increased by 132, resulting in an increase of 472 for in-operation business jets.
Globally, the number of for-sale business jets declined in the U.S. but increased in the Non-U.S. market.
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.