Chad is the editor of AINalerts, AIN's daily business aviation newsletter, and is also the news editor at AIN Media Group.&nbsp;He has been writing about aviation, with an emphasis on business aviation, since 1994. Chad started his writing career at The Avion,&nbsp;the&nbsp;student newspaper at Embry-Riddle Aeronautical University in Daytona Beach, Florida, serving as editor-in-chief before graduating with a bachelor's in aeronautical science. After a stint as managing editor at Professional Pilot&nbsp;magazine, he joined&nbsp;AIN in late 1998. Chad holds a commercial pilot certificated with instrument and multi-engine ratings, and he also is a CFI/CFII. He lives and works from his home in Venice, Florida.

Online Editor

Chad Trautvetter

In general, pre-owned business aircraft “inventories are up and asking prices are down,” according to industry data firm JetNet. Business jets showed the largest&nbsp;rise in inventory, with 155 more jets on the market at the end of this&nbsp;first quarter versus a year earlier. “While this increase is a far cry from the pronounced spike of 2009, the first&nbsp;quarter&nbsp;of&nbsp;2016 must be regarded as at least a disappointing step backwards for the business jet market,” said JetNet.

 


At the end of last month, 11.7 percent of the in-service business jet fleet was for sale, up from 11.4 percent last year, JetNet said. Business jet retail sale transactions in the quarter showed a 4.4-percent year-over-year uptick but they are taking 11 more days—at 330 days—even with a 12.8-percent reduction in average asking price.

 


JetNet data shows that the number of business turboprops for sale climbed by 109 year-over-year,&nbsp;taking&nbsp;inventory&nbsp;up&nbsp;by 0.6 points, to 8.5 percent at the end of April. Business turboprop sales transactions dropped by 12.1 percent from a year ago, accompanied by a 9.1-percent descent in asking price. However, these airplanes are selling&nbsp;more quickly, averaging&nbsp;289&nbsp;days on the market,&nbsp;30 fewer&nbsp;than last year.

 


Turbine helicopter inventory crept up by 122 at the end of the quarter for a 0.3-point overall increase, to 6.8 percent of the fleet. Sale transactions of turbine helicopters in the quarter fell by 19.8 percent, while prices were slashed by 25.5 percent. Average number of days on the market declined by 45, but is still high at 455 days.

JetNet: Bizjet Inventory Takes 'Step Backwards' in 1Q

At the end of last month, 11.7 percent of the in-service business jet fleet was for sale, up from 11.4 percent last year.

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