JETNET LLC, a leading provider of corporate aviation information and a member of the National Aircraft Resale Association, recently released its year-end results for the pre-owned business jet, business turboprop and helicopter markets.
Diane Levine-Wilson, Director of New Business and Product Development for JETNET, said that according to JETNET data, aircraft transactions in 2011 were up in all categories while prices for most sectors have continued to decline.
Jet transactions increased by 7% in 2011 over 2010 activity. However, the average asking price fell 13.8% to $4.64 million, she said, and the average days on the market swelled by 20 days to 383.
Levine-Wilson said the turboprop market seems to be gaining a better footing. Pre-owned turboprop sales transactions increased by 13.4% in 2011 over 2010. The number of days on the market decreased by six days to 331 and the average asking price fell by 3.5% to $1.309 million.
The number of turbine and piston helicopter sales transactions declined in 2011 versus 2010 by 11.9% for turbine helicopters and 17.7% for piston helicopters, she continued. The average asking price for turbine helicopters, at $1.29 million, is declining while the average asking price for piston helicopters has increased by 9.3% to $226,000. The piston helicopter market is the only pre-owned market sector to show an increase in average asking price.
“The end of 2011 marks more than three years since the economic downturn that occurred in late 2008,” Levine-Wilson continued. “ Our expectations for 2012 are cautiously positive. There is still a strong need for both business and consumer confidence to improve.”
For more than 20 years, JETNET has delivered comprehensive and reliable business and commercial aircraft research for its exclusive clientele of aviation professionals worldwide. JETNET provides fleet and marketplace information and intelligence.
For more information about JETNET, go to http://www.jetnet.com/.