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.
Retail transactions of pre-owned midsize business jets, such as this Hawker 850XP, were brisk in the first quarter, increasing by 16.1 percent, to 216, from a year ago. Large-cabin transactions were also up, rising 11.3 percent, while those for light and very light jets plunged by 10.3 percent and 25 percent, respectively. (Photo: Beechcraft)
Retail transactions of pre-owned midsize business jets, such as this Hawker 850XP, were brisk in the first quarter, increasing by 16.1 percent, to 216, from a year ago. Large-cabin transactions were also up, rising 11.3 percent, while those for light and very light jets plunged by 10.3 percent and 25 percent, respectively. (Photo: Beechcraft)

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 rise in inventory, with 155 more jets on the market at the end of this first quarter versus a year earlier. “While this increase is a far cry from the pronounced spike of 2009, the first quarter of 2016 must be regarded as at least a disappointing step backwards for the business jet market,” said JetNet.