Rising used bizjet inventory to stall new orders, UBS says
Investment research by UBS published this month shows a marked increase in both used business aircraft available for sale and in delivery positions for sal

Investment research by UBS published this month shows a marked increase in both used business aircraft available for sale and in delivery positions for sale. The investment bank’s conclusion is this: “We believe the deterioration…and decline in flight activity presage what we think will be a significant slowing in new order activity. Overall, we estimate used inventory levels at the end of October were 57 percent higher from the prior year, including a more than doubling in young used inventories and a four-times increase in new delivery position inventories.”

The UBS Business Jet Update, released last week, outlines the detailed monitoring of key indicators undertaken by UBS, such as numbers and pricing of used jets for sale. It also carried out a survey of industry professionals, which showed an increasingly pessimistic outlook.