JetHub Private Jet Charter Blog

Business Jet Market Update Report

The worldwide business jet and turbo-prop markets continue to showpromisingtrens of contracting pre-owned inventories and increasing transaction activity. But the market has not recovered to historically average conditions.

During the most recent quarter, 2.6% of the worldwide active fleet of business jets changed hands in retail transactions (compared to 2.4% in Q1). This metric is inching closer to the 20 year average of 3.0% per quarter. The turboprop market resale transactions held steady at 2.3% in Q2 (versus 2.2% in Q1). The turboprop 20-year average transactions are 3.2% per quarter.

Of the worldwide fleet of business jets for sale, 13.9% are for sale. This is compared to 14.2% in Q1. The 20 year average is 12.6%, indicating that inventories of resale business jets is still high, but at its lowest point since September 2008. The turboprop inventory decreased from 11.6% to 11.1% over the same period, in-line with the 20-year average of 11.2%.

The market of business jets is still saturated with inventory, which means that good deals are still possible.  The turboprop market is a bit more competative since inventory is at its 20 year average.

Source: Amstat report

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Topics: Private Jet aviation business business aviation business jet