Business Aviation Market Summary – September 2017Solid Base for Used Jet Buyers & Sellers to Finish the Year On…
- September 4, 2017
- Posted by Concierge
- Comments Off on Business Aviation Market Summary – September 2017
After a well-deserved break, business aircraft sales professionals and buyers of jets for sale are getting back to the business of aircraft transactions, notes Rollie Vincent, Editor, Market Indicators. Going by JETNET’s latest numbers, there’s a solid base to build on in the latter parts of this year…
Based on the latest JETNET market intelligence, whole retail transactions of used business jets were up an encouraging 6.2% YoY (January through July 2017), with 1,140 transactions recorded so far this year.
Relatively brisk sales of used jets are clear signs of a return to more healthy and balanced markets, reflected in a tightening of business jet ‘For Sale’ inventory, slipping to 10.8% of the fleet as of the end of July. The most fundamental driver of these higher volumes is arguably the remarkable value for the dollar that can be found in used aircraft.
The story of the year (if not the past two to three years) continues to be sharply lower prices and residual values, which we believe has fundamentally altered the purchase behaviour of buyers who would typically have replaced their existing aircraft with a shiny new one – at least for the time being…
The smart money seems to be in used aircraft, especially later-model, only-flown-on-Sundays-and-kept-indoors-all-the-time airplanes that offer most of the bells and whistles, and even the welcoming aroma of new leather and sparkling paint schemes, of their factory-fresh brethren.