AVJET CORPORATION MARKET TRENDS >
JP MORGAN BIZJET MARKET UPDATE
May 25, 2011
JPMorgan's latest business jet market update reports “uneven progress” toward recovery, with "a meaningful disparity between new demand for large and small aircraft, with Gulfstream’s book-to-bill coming in just above 1.0x while Cessna reported net cancellations.”
According to the report, pre-owned turbine aircraft inventories declined by another 0.3 percent to 10.8 percent last month, setting a post-recession low, but prices have continued, on average, to decline.
Asking prices declined by 2 percent, according to the JPMorgan data. “The inventory trend is a leading indicator that has been pointing in the right direction for months,” JPMorgan aerospace analyst Joseph Nadol III said. “Pricing had only just begun to stabilize, and we view improvement here as a more near-term indicator of new jet demand.”
Meanwhile, the JPMorgan report indicates that China “was a key driver of order activity for Gulfstream in the first quarter, and Chinese demand is strongly contributing to the demand for the Bombardier Global family and the planned increase in production rates.”
Avjet has been an active participant in this emerging recovery in both the U.S. and Asian market, bringing numerous pre-owned Gulfstream, Boeing Business Jet (BBJ), Bombardier Global and other large cabin aircraft transactions to fruition.
About Avjet
Avjet Corporation is an international provider of aircraft charter and management solutions. Specializing in large-cabin, VIP aircraft, the company also offers expert assistance in aircraft sales and acquisitions. Avjet’s clients maximize the many benefits of private aviation, while reducing the cost and complexity of aircraft ownership. Avjet holds the highest safety ratings by the world’s leading auditing services.
The company is headquartered in Burbank, California, and maintains a global presence in Washington D.C., Seoul, Dubai, Abu Dhabi, Moscow and other locations around the globe.
To learn more about the company, visit www.avjet.com.
