Utica, NY (PRWEB) May 05, 2014
JETNET LLC, the leading provider of corporate aviation information, has released March 2014 and first quarter 2014 results for the pre-owned business jet, business turboprop, helicopter, and commercial airliner markets.
Comparing March 2014 to March 2013, Fleet For Sale percentages for business jet and business turboprop market sectors were down, but increased slightly in the helicopter markets.
Business jets are showing a good start in the first quarter of 2014, with a 3.1% increase in pre-owned sale transactions, and are taking less time to sell (73 days less) than last year, with a 11.6% decrease in average asking price. Business turboprops decreased 15.8% in sale transactions, with a 29.4% decrease in average asking price.
Both turbine and piston helicopters saw declines in sale transactions YTD of 9.6% and 2.8%, respectively. Turbine helicopters recorded a 35.2% increase in average asking price in the YTD comparisons through March 2013.
The number of pre-owned commercial airliner sale transactions at 381 for the first quarter of 2014 showed a 27.7% decrease compared to the first quarter of 2013. The number of sale transactions declined by 25% in the same first quarter comparisons for commercial turboprops. Commercial airliner For Sale numbers include both commercial jets (including airliners converted to VIP) and commercial turboprop aircraft.
Across all aircraft sectors there were 6,320 aircraft for sale, with 1,823 sold through the first quarter of 2014.
Some observations on the March-over-March For Sale market trends for the past 10 years (from 2005 to 2014):
Conclusion: The 1% decrease in the business jet inventory is still a solid improvement over the prior 2 years, at –.7% and -.6% respectively. These results demonstrate a fairly solid progression toward recovery in the business jet segment since the great recession of 2008-2009. However, it is still a buyers’ market, with ample levels of business jets for sale.
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 0.1 percent in the first quarter (that is, from the fourth quarter of 2013 to the first quarter of 2014), according to the advance estimate released by the Bureau of Economic Analysis.
The BEA report shows that U.S. GDP is below the 3.0 percent growth mark (when business aviation does well). The advance estimate of the U.S. GDP release showed the economy grew for the 19th straight quarter. In the fourth quarter, real GDP increased 2.6 percent.
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.