Pre-owned Business Aircraft Market Continues To Improve

Pre-owned business jet and turboprop inventories continued to subside in February, according to data released today by market information firm JetNet. Inventory of used business jets fell to 13.9 percent in February, down 0.4 percentage points from the year-ago period. Business jet sales transactions rose 7.7 percent year-over-year, while at the same time asking prices rose 3 percent. Average days on the market for a business jet dropped to 346 days, down 82 days from February last year.