Situational Awareness
Wednesday, July 24, 2019 at 7:17PM From The Weekly of Business Aviation, Aviation Week Intelligence Network / awin.aviationweek.com
Used Bizjets for Sale Up 2% in June
The number of used business jets for sale rose 2% in June to 1,772 aircraft, which represents 7.6% of the active fleet, according to a report by Jefferies.
Inventories of heavy jets rose 3% year-over-year, while medium jet inventories declined 2%.
The number of newer aircraft on the market represents 5.8% of the used fleet, “which may be a relatively low level as we have been hovering at this rate for a year or so,” Jefferies said. “We now expect new deliveries to grow by 8% in 2019 after a modest decline in 2018.”
The inventory levels of used Dassault jets on the market declined 2% in June compared to a year ago, with 57 aircraft for sale. Pricing rose 6%, driven by the Falcon 2000 series.
Gulfstream inventories rose 6% from a year ago with 89 aircraft for sale, up from 84 a year ago. Pricing declined an average of 13% from a year ago.
The number of Cessna business jets for sale rose 13% from a year ago with 213 aircraft for sale, representing 5.9% of the active fleet. Average list prices rose 3% from...