AMSTAT Releases Latest Business Aircraft Resale Market Update Report
Tinton Falls, NJ – August 16, 2017: According to AMSTAT, there have been further encouraging signs coming from the business aircraft resale market. Overall, Business Jet Resale Retail Transactions were up 8.4% during the first half of 2017 versus the same period in 2016. Of note were the Medium Jets, where transaction activity during this period was up 16.7% over 2016. Heavy Jet transactions were up 3.8% and Light Jets rose 4.4%. Transactions in Turbine Helicopters overall were up 6.5% in the first half of 2016 versus the same period in 2017. The Single Engine market saw a 9.9% year over year improvement. Not all markets performed as well. Turboprops saw transaction activity in the first half of 2017 fall 0.5% versus 2016 and the Multi Engine Helicopters saw a 1.5% decline.
In many market segments, inventory levels are at or are close to their lowest (as a percentage of active fleet) points in some time. 10.7% of active Business Jets are for sale. This is the lowest percentage in this group since January 2008. Furthermore, 9.3% of Heavy Jets, 10.6% of Medium Jets and 5.6% of Single Engine Turbine Helicopters are currently for sale – all the lowest levels in these segments since 2008. The TurboProp inventory is at 8.3% which is below a year ago and its’ lowest since the start of 2015.
By contrast, the percentage of Light Jets for sale is currently 11.7%, down from April this year but up from 11.5% a year ago. Multi Engine Helicopter inventories have remained largely unchanged year over year.
Despite better transaction results and contracting inventories, Average Asking Prices in most market segments continue to see downward pressure. All segments saw year over year declines in Average Asking Prices and most have experienced the same year to date. Heavy Jets are down 5.5% over a year ago, Medium Jets are down 7.6%, Light Jets are down 5.1%, TurboProps are down 2.5% and Multi and Single Engine Helicopters are down 0.6%.
For a full copy of the report go to: http://www.aso.com/AMSTATMarketUpdate.pdf.
AMSTAT will be exhibiting at the NBAA Regional Forum, Morristown, NJ, September 7th, 2017 ‐ Booth #504 and at NBAA‐ BACE 2017, Las Vegas, NV, October 10‐12, 2017 at the AMSTAT / CAMP Systems Booth #N1710. For those not attending the Regional Forum or NBAA‐BACE, to find out more about AMSTAT, contact Chris Skurat, AMSTAT Director of Sales & Customer Service on US toll free (877) 426‐7828 x145 or Int’l +1 732‐530‐6400 x145 or email us [email protected].
About AMSTAT, Inc.
AMSTAT is the leading provider of market research information and services to the corporate aviation industry. Founded in 1982, and based in Tinton Falls, NJ, AMSTAT introduced the concept of providing researched information to corporate aviation professionals. AMSTAT’s mission is to provide timely, accurate, and objective market information to its customers. AMSTAT products and services provide aviation market and statistical information that generates revenue and delivers competitive advantage to brokers/dealers, finance companies, fractional providers, and suppliers of aircraft parts and services.
