AVJET CORPORATION MARKET TRENDS >
PRE-OWNED JET INVENTORIES STEADILY DECLINING
May 11, 2011
According to UBS, pre-owned business jet inventories continued a gradual downward trend, declining by 1 percent last month and now 15 percent below the May 2009 peak. “We estimate available inventories represent 14 percent of the installed base of business jets,” UBS said, “lower from the 18 percent peak, but still above the historical average at 12 to 13 percent.” Inventories of young (less than 10 years old) jets declined by 2 percent and are now 24 percent below the 2009 peak. Average asking prices for the newer models UBS tracks declined for the fourth straight month, though. Meanwhile, business jet flight activity in March came in 4 percent higher from the prior year in March and is now 30 percent above the trough in early 2009, although still 16 percent below the peak in late 2007. (Source: Aviation International News)
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.
