Pre-Owned Aircraft Sales On The Increase
After a hit in sales caused by the COVID-19 pandemic, member dealers of the International Aircraft Dealers Association (IADA) experienced a trend of increasing transactions of pre-owned aircraft in 2020. IADA announced on Jan. 11 that its member dealers transacted 1,100 sales...
Used Aircraft Inventory Lows Set Record
Inventories of pre-owned business jet and turboprop aircraft are at their lowest levels in more than 20 years, according to a JetNet iQ Pulse report. Tightening of business aircraft inventory is an unexpected development of the market during the COVID-19 pandemic....
Pre-owned Business Jets For Sale Rise 5% In January
Molly McMillin | Editor in Chief | The Weekly of Business Aviation
The available fleet for sale in January totaled 1,746 units, or 7.4% of the active fleet. The figures compare to 1,825 aircraft for sale in December and 1,667 a year ago. When looking at aircraft currently in production or fewer than seven years out of production, 6% of the fleet was for sale. Heavy jet inventories rose 7% compared to a year ago, while medium jet inventories rose 10% in January, according to Jefferies.
The number of Bombardier business jets for sale in January rose 42% to 169 units compared to a year ago, while...
European BizAv Activity Up In December, Declines In 2019
Molly McMillin | Editor in Chief | The Weekly of Business Aviation
Business aviation activity in Europe grew 2.9% in December compared to a year ago, although activity for the full year declined 1.6% compared to 2018, according to WingX Advance.
In December, business jet activity rose 4.5% compared to a year ago, while charter activity rose 7%.
Flight activity declined 3% from the UK in December, although most of the other larger markets posted gains, especially in Italy and Austria, WingX said.
Large jet activity increased the most during December, most notably in France, Germany and Italy. Small and midsize jet traffic rose 15% in Italy but declined 8% in...
North American Business Aircraft Activity Rises 6.9% In December
Molly McMillin | Editor in Chief | The Weekly of Business Aviation
Business aircraft activity soared in December with a 6.9% increase compared to a year ago, according to Argus International TraqPak data, while weekend activity rose 23%.
Activity was positive in all operational and aircraft categories. The largest increase was in fractional activity, which rose 11.5%, followed by a 7.1% increase in Part 135 activity and a 5.5% increase in Part 91 activity.
Midsize jet activity rose 8.9%, light jet activity rose 7.6%, large jet activity rose 7.2% and turboprop activity rose 4.3% in December compared to...