JETNET Releases March 2013 and 1st Quarter 2013 Pre-Owned Business Jet, Business Turboprop, Helicopter and Commercial Airliner Market Information
Posted on February 9th, 2019
UTICA, NY – JETNET LLC, the leading provider of corporate aviation information, has released March 2013 and 1st Quarter 2013 results for the pre-owned business jet, business turboprop, helicopter and commercial airliner markets.
Market Summary Highlighted in Table A are key worldwide trends across all aircraft market segments comparing March 2013 to March 2012. Fleet For Sale percentages for business jet and business turboprop market sectors were down in the March comparisons, but increased slightly in the helicopter markets.
Business jets are showing a slow start in the 1st quarter of 2013, with a 4.2% decrease in pre-owned sale transactions, and are taking more time to sell (71 days longer) than last year, with a 3.3% decrease in average asking price. Business turboprops decreased 8.8% in pre-owned sale transactions, with a double-digit increase in average asking price of 18.7%.
Both turbine and piston helicopters saw double-digit declines in sale transactions YTD, at 34.8% and 21.5% respectively. Turbine helicopters recorded a double-digit decrease in average asking price at 38.4% in the YTD comparisons through March 2013. Commercial airliners are reported here for the first time by JETNET in Table A – Worldwide Trends, and include For Sale numbers for both commercial jets (includes airliners converted to VIP) and commercial turboprop aircraft. The number of pre-owned commercial airliner sale transactions, 469 for the 1st quarter of 2013, showed a doubledigit increase of 21.2% compared to the 1st quarter of 2012. However, commercial turboprop sale transactions declined by 25% in the same 1st quarter comparisons. Also, the average days on the market increased by more than 114 days for commercial airliners, and 7 days for commercial turboprop aircraft in the same quarterly comparisons. Both were on the market for more than a year before selling.
| Worldwide Trends | |||||||
| March | Business Aircraft | Helicopters | Commercial Airliners | ||||
| Jet | T/P | Turbine | Piston | Jet | T/P | ||
| In-Operation Fleet | 19,036 | 13,845 | 19,142 | 9,405 | 24,537 | 9,603 | |
| For Sale | 2,494 | 1,079 | 1,213 | 582 | 605 | 403 | |
| % of Fleet For Sale 2013 | 13.1% | 7.8% | 6.3% | 6.2% | 2.5% | 4.2% | |
| % of Fleet For Sale 2012 | 13.8% | 9.2% | 6.2% | 5.9% | n/a | n/a | |
| Change -% For Sale | (-0.7) pt | (-1.4) pt | .1 pt | .3 pt | |||
| January to March 2013 | |||||||
| Full Sale Transactions | 526 | 300 | 229 | 194 | 469 | 120 | |
| Average Days on Market | 403 | 296 | 434 | 296 | 452 | 366 | |
| Avg. Asking Prices -$USD mil | $4.005 | $1.559 | $0.891 | $0.220 | |||
| Y-T-D January to March 2013 vs 2012 | |||||||
| % Change -Sale Transactions | -4.2% | -8.8% | -34.8% | -21.5% | 21.2% | -25.0% | |
| Change -Avg. Days on Market | 71 | -20 | 25 | -30 | 114 | 7 | |
| % Change -Avg. Asking Prices | -3.3% | 18.7% | -38.4% | -1.3% | |||
| Source: JETNET | |||||||
Tags: jetnet, fllet for sale, business jet trends, pre owned business jets for sale
