Used "heavy" business jet sales flourished in the first quarter, with increased transactions and shrinking inventories, according to business aviation data analyst Amstat. In its newly released first-quarter Business Jet and Turboprop Resale Market Update, Amstat details smaller available inventories across the preowned business aviation market, but also with slower sales and dampened prices in the lighter segments.
The first quarter brought increases in sales for older heavy jets—those that weigh at least 40,000 pounds and are more than 20 years old—with 2.7 percent of the active fleet turning over. This compares with 1.6 percent in the same period a year ago. Likewise, 2.4 percent of active mid-age heavy jets—those between 11 and 20 years—turned over in the first quarter of this year, compared with 2 percent in Q1 2017. This trend continued with newer heavy jets as 1.9 percent exchanged hands in the first quarter, compared with 1.1 percent a year ago.
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