I received the following by email today, and felt that it was good-enough to share:
For Immediate Release:
AMSTAT Releases latest Market Update Report showing promising signs in the Business
Tinton Falls, NJ – January 25, 2011: The business aircraft market experienced a historically typical spike
in 2010 fourth quarter resale retail transaction activity, with just over 2.6% of the worldwide jet fleet and
2.5% of the worldwide turbo-prop fleet changing hands via resale retail transactions. These percentages
represent increases over 2.3% and 2.0% for jets and turbo-props respectively in 2010 Q3, according to
the quarterly Market Update report released today by AMSTAT, the leading provider of corporate aviation
fleet and operator information. According to Tom Benson, Executive Vice President of AMSTAT, the Q4
transaction activity for both business jets and turboprops “represents the most transaction activity (in
these categories) since 2008”. Benson went on to add that “although these figures are still well below
their historical quarterly average of 3.4% the improvement in transaction activity seen in Q4 is
nonetheless welcome news.”
The report goes on to highlight that 14.7% of the worldwide fleet of business jets is for sale, compared to
15.5% just one quarter ago. Although jet inventories remain high, their 20-year average is 12.5%, this
change represents one of the steepest single quarterly drops in recent history. By comparison, 11.9% of
the worldwide turboprop fleet is for sale, down from 12.0% last quarter. While this contraction is less
pronounced, this metric is now less than one percent above its 20-year average of 11.2%.
Looking forward, Benson noted that the last two times the market ended a year with increased transaction
activity and a significant drop in pre-owned inventory, Q4 2006 and Q4 2003, the market was either
booming or, in the later case, at the start of a true recovery. Benson cautioned that this could be “entirely
coincidence, or it could be the most promising sign that the market have given us in a while.”
The full AMSTAT Market Update report will appear in the February issue of CAMP InSight magazine, and
can be viewed today on the Aircraft Shopper Online website at:
AMSTAT also submits monthly Market Analysis articles
covering a wide range of topics to the Articles section of the ASO website (www.aso.com). Monthly
updates of the data referenced within the Market Update report are accessible via AMSTAT’s StatPak
market information service.
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.
New Jersey: (732) 530-6400 x147