Accessibility Statement Skip Navigation
  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing
  • Login
  • GDPR
  • Create a Free Account
Return to PRWeb homepage
  • News
  • Resources
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All News Releases
      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
  • Business & Money
      • Auto & Transportation

      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Advocacy Group Opinion
      • Animal Welfare
      • Congressional & Presidential Campaigns
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • U.S. State Policy
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Hamburger menu
  • Cision PRWeb provides efficient communication tools to continuously engage with target audiences across multiple online channels
  • Create a Free Account
    • ALL CONTACT INFO
    • Contact Us


      11AM ET Sunday – 8PM ET Friday

  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR

JETNET Releases March 2016 and First Quarter 2016 Pre-Owned Business Jet, Business Turboprop, Helicopter, and Commercial Airliner Market Information
  • USA - English


News provided by

JETNET LLC

May 12, 2016, 14:30 ET

Share this article

Share toX

Share this article

Share toX


Utica, NY (PRWEB) May 12, 2016 -- JETNET LLC, the leading provider of corporate aviation and commercial aviation intelligence, has released March 2016 and first quarter 2016 results for the pre-owned business jet, business turboprop, helicopter, and commercial airliner markets.

Market Summary

Key worldwide trends across all aircraft market segments, comparing March 2016 to March 2015 reveal that generally, inventories are up, and asking prices are down!

Generally, inventories are up, and asking prices are down!

Post this

Business Jets showed the largest increase in the for-sale numbers, with 155 (6.8%) more jets at the end of the first quarter of 2016 compared to 2015. Turbine helicopters increased by 122 (9.1%) and Business Turboprops by 109 (9.5%) in for-sale numbers. Across all aircraft sectors, there were 6,657 (5.4%) more aircraft for sale in the first quarter of 2016 compared to 2015. This is the first increase in the number of business jets for sale since 2009.

Accordingly, Fleet For Sale Percentages for business jets, business turboprops, and commercial turboprops are showing the largest increases of all market sectors in the quarterly comparison, at 11.7% (up .4 pt.), 8.5% (up .6 pt.), and 6.2% (up 1.0 pt.), respectively.

Business Jet retail sale transactions showed a 4.4% increase, and are taking more time to sell (11 days) than last year, with a 12.8% decrease in average asking price. However, Business Turboprops showed a decrease of 12.1% in sale transactions, with a 9.1 % decrease in asking price, and are selling in less time (30 days).

Turbine and Piston Helicopters saw declines in sale transactions in the first quarter comparisons, at 19.8% and 19.0%. They took fewer days to sell, with Turbine Helicopters taking 45 days, and Piston Helicopters 10 days. However, the average asking price for turbine helicopters decreased by 25.5% in the first quarter comparisons.

Among commercial airliners, including the numbers for sale for both commercial jets (including airliners converted to VIP) and commercial turboprop aircraft, Business Jets (at 540) and Commercial Jets (at 433) accounted for 52.7% of the total full sale transactions (1,846).

While pre-owned business jets saw an increase of 23 (4.4%) full sale transactions, new business jet deliveries decreased by 6 business jets (4.7%)—122 deliveries in the first quarter of 2016 compared to 128 in the first quarter 2015. Meanwhile, NEW turbine helicopter deliveries decreased by 38, 103 (Q1 2016) vs. 141 (Q1 2015), or a drop of 27% in the quarterly comparative periods, as reported by GAMA.

March ending changes from 2005 to 2016 for the business jet in-operation fleet, number for sale, and percentage for sale, show a year-over-year point change (11.7% less 11.3% equals .4 point increase). March 2016 is the first March ending period that the percentage for sale and year-over-year points have increased since March 2009.

In 2009, as the recession struck, there was an explosion of nearly 6%—1,095—more business jets listed for sale compared to one year prior. What then followed was a six-year trend toward recovery, as the market steadily shed inventory and moved closer to again being a healthy “seller’s market”. That is, until this year, when the percentage went positive again at nearly half a point, or 155, more business jets listed for sale than in Q1 2015. While this increase is a far cry from the pronounced spike of 2009, Q1 2016 must be regarded as at least a disappointing step backwards for the business jet market.

Pre-Owned Full Retail Sale Transaction Trends

In total, there were 23 (4.4%) more business jet transactions in the first quarter of 2016 than the first quarter of 2015.

The results were mixed by aircraft weight class when comparing the first quarters of 2016 and 2015. Two of the weight classes, heavy (35,000+ lbs.) and medium (20,001-35,000 lbs.), showed more transactions, and the other two, light (10,001 -20,000 lbs.) and VLJ (10,000 lbs. or less), showed fewer transactions in the comparative periods.

U.S. GDP

From 1950 to 2000, U.S. economic growth as measured by GDP averaged 3.6% annually. But since 2000, GDP growth has been cut by half to 1.7%. Meanwhile, the world economy has been slowing down; its growth in 2015 is estimated to be 3%, and the expected recovery is rather shallow and surrounded by risks.

When the U.S. GDP is 3.0% or higher growth, business aviation does very well. Analysis of the U.S. GDP by year from 2000 to 2015 shows that the years 2000, 2004, and 2005 were the only years that the U.S. GDP growth rate was 3.0% or greater annually. The last two years (2014 and 2015) showed the same growth rate, at 2.4%. The U.S. Federal Reserve estimates a 2016 U.S. GDP growth rate of 2.2%.

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 0.5% in the first quarter (that is, from the fourth quarter of 2015 to the first quarter of 2016), according to the “advance estimate” released by the Bureau of Economic Analysis (BEA). Accordingly, the first quarter of 2016 is off to a slow start, but the year is young.

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.

Michael Chase, JETNET LLC, +1 972-966-1440, [email protected]

Modal title

Table A - Worldwide Trends
Table A - Worldwide Trends
Table B - Business Jets March Changes 2005-2016
Table B - Business Jets March Changes 2005-2016
Table C - Business Jet Transactions by Weight
Table C - Business Jet Transactions by Weight
Table D - U.S. GDP
Table D - U.S. GDP
Table A - Worldwide Trends Table B - Business Jets March Changes 2005-2016 Table C - Business Jet Transactions by Weight Table D - U.S. GDP

Contact PRWeb

  • 11AM ET Sunday – 8PM ET Friday
  • Contact Us

About PRWeb

  • About PRWeb
  • Partners
  • Partnership Programs
  • Editorial Guidelines
  • Resources

Why PRWeb

  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing

Accounts

  • Create a Free Account
  • Log in
  • Contact Us

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921

Contact Cision

Products

About

My Services
  • All News Releases
  • Online Member Center
  • ProfNet
Cision Distribution Helpline
888-776-0942
  • Legal
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 Cision US Inc.