J.P.Morgan: Pre-owned Bizjet Market Weakens in May

The pre-owned business jet market showed “incremental weakness” last month, according to the latest business jet monthly report from J.P.Morgan North American Equity Research. “A single month does not make a trend, but May used-market data, including a sequential increase in inventory by 0.4 percentage points and 3.6-percent decline in pricing not seen since the first half of 2009, suggest that business jet demand will remain weak,” it said. On the positive side, J.P.Morgan researchers added, the younger part of the used fleet is performing better, “but overall the trends were not favorable.”