Aircraft Trading Continues at Modest Pace
Carl Janssens, ASA | Aircraft
Trading in the pre-owned aircraft market
continued at a modest pace as the third quarter came to a close and
aligned itself on fourth-quarter activity for 2010.
available for sale grew slightly. Also noteworthy was the decrease of
aircraft being sold with minimal time-in-market exposure. Days on market
were significantly higher, which allowed a better opportunity to fetch
maximum value in current market conditions. Time and condition also
contributed to being a variable in the equation. Well-equipped,
ready-to-fly aircraft had the largest audience of interest. Price
competition remained limited. Sale prices continued in a downward trend
or remained stagnant according the particular model
Several noted outside indicators have a relationship to
the health of the pre-owned aircraft market. The General Aviation
Manufacturers Association (GAMA) reported that shipments of turboprops
and business jets manufactured worldwide were down when compared to the
same time frame in 2009. Large fleet sales, such as those announced by
Embraer recently, will have a future impact on pre-owned inventories
when new deliveries replace current aircraft.
On other economic
fronts, the $600 billion Federal Reserve QE2 (second round of
quantitative easing) has yet to be observed as an action that will
create growth in the business aviation sector.
business fronts, brokers dealing with the sale of corporations and
businesses are reporting more activity with transactions closing after a
long drought. Opportunities to do business are again starting to
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