The worldwide inventory of used business jets for sale decreased from 18% to 17.2% of the fleet in September, according to a market update report released by AMSTAT, a provider of corporate aviation fleet and operator information.
According to Tom Benson, Executive Vice President of AMSTAT, “When we examine the past several months worth of market data, the trend does seem to indicate that it’s likely that we have seen the peak in terms of used business aircraft for sale.”
The report notes that business jet resale retail transaction activity has increased from 0.6% of the worldwide fleet per month to 0.8% for each of the most recent three months. According to Benson, although these improvements may not represent the end of the downturn, they can probably be considered to be “the first signs of market stabilization.”
For more information: AMSTATCorp.com
