BIZAV INTELLIGENCE MARKET INDICATORS
18 AVBUYERMAGAZINE– July 2018 http://www.AVBUYER.com Aircraft Index see Page 129s usual, we rely on a healthy
combination of data, sprinkled in with
a little hearsay, some hype and our
own analyses to come up with our best
estimates and insights as to where we stand at the
halfway point of 2018.
Flight utilization continues to increase in the key
markets of North America and Europe, a sure and
steady indicator of a gradually improving market.
Increases Year-over-Year (YoY) in the low- to mid-
single digit percentages are welcome
developments, growing somewhat faster than the
underlying fleet, with newer aircraft leading the
pack.
Used business jet sales, another dynamic
bellwether indicator, reached almost scorching
heights in 2017 with over 2,700 retail sales and
leases being recorded by JETNET, an
unprecedented level of activity and up a very
healthy 9% YoY.The year 2017 ended with about 2,350 business
jets on the market, representing about 11% of the
worldwide fleet. In 2018, sales through the first five
months of the year were off about 4% (versus the
same period in 2017), as overall inventory
availability slipped. At the end of May 2018,
business jet inventory had slipped to 1,985 aircraft,
or 9.2% of the fleet, with only about 135 jets aged
five years or newer on the market.
Fully 45% of the ‘For Sale’ jet fleet currently is
more than 20 years old, as the shift from a buyer’s
market to a seller’s market becomes more
apparent. As Guardian Jet’s Mike Dwyer points out
in an article (on p24), buyers with exacting
requirements need to be prepared to act very
quickly – preferably with check-book (or better yet,
cash) in hand if they want to acquire a specific and
pedigreed aircraft in today’s market.
To cite some specific examples from the
increasingly strong Large-Cabin segment:A
Business Aviation
Market Overview
At the halfway point in the calendar year, Rollie Vincent,
Editor, Market Indicators, assesses the current state and
direction of the Business Aviation market.
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