Price Floor Elusive as Used Bizcraft Inventory Shrinks
Inventory of used business jets fell 1 percent year-over-year, to 12.1 percent, the third lowest since 2005.

Pre-owned business jet and turboprop inventory as a percentage of in-service aircraft continued to fall in March, though pricing has yet to find a floor, according to data released yesterday by aviation services firm JetNet. Inventory of used business jets fell 1 percent year-over-year, to 12.1 percent, the third lowest since 2005, JetNet said. Pre-owned turboprop inventory barely managed a decrease, falling just 0.1 percent to 7.7 percent from March 2013.