JETNET Releases July 2013 and First Seven Months of 2013 Pre-Owned Business Jet, Business Turboprop, Helicopter and Commercial Airliner Market Information

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Business jets sales are still slow after seven months of 2013, with a decrease in pre-owned sale transactions, and are taking more time to sell than last year. The YTD average asking price is also trending upward for the third consecutive month.

This is the third consecutive month this year with an increase in the YTD average asking price.

JETNET LLC, the leading provider of corporate aviation information, has released the July 2013 and the first seven months of 2013 results for the pre-owned business jet, business turboprop, helicopter and commercial airliner markets.

Market Summary

Comparing July 2013 to July 2012, Fleet For Sale percentages for business jet, business turboprop, and turbine helicopter market sectors were down, but increased slightly in the piston helicopter market.

Business jets showed a slow start in the first seven months of 2013, with a 6.4% decrease in pre-owned sale transactions, and are taking more time to sell (36 days) than last year, along with an 11% increase in average asking price. This is the third consecutive month this year with an increase in the YTD average asking price. Business turboprop sale transactions decreased 6.2%, while asking price showed a double-digit decrease of 27.8%.

Both turbine and piston helicopters saw double-digit declines in sale transactions YTD at 17.8% and 19.4%, respectively. Turbine helicopters recorded a double-digit decrease in average asking price, at 21.3% in the YTD comparisons through July 2013.

Looking across all market sectors at the YTD pre-owned sale transactions, commercial jets (including airliners converted to VIP) are at 1,195 transactions and business jets are at 1,263, only a 68-jet differential (less than a 6% difference).

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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