Pre-owned Business Jet Sales in 4Q Best Since Late 2007

AIN Online reports that pre-owned business jet sales took off in last year’s fourth quarter, blunting a weak second quarter and a “mixed bag of activity” in the third, according to business aviation information service provider Amstat. Business jet resale transactions were up 0.3 percentage points year-over-year, with 2.9 percent of the active fleet turning over in the fourth quarter. “This was the best performance since the fourth quarter of 2007 and squeaked ahead of the 20-year quarterly average of 2.8 percent,” noted Amstat general manager Andrew Young.

As of January 1, pre-owned business jet inventory stood at 11.7 percent, below the 20-year average of 12.7 percent and 1.2 points lower than a year earlier. Large-cabin jet inventory saw a significant decrease, to 9.7 percent from 11.8 percent, while the supply of available light jets contracted to 12.4 percent from 14.2 percent. Midsize jet inventory remained unchanged at 12.3 percent.

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