JetNet LLC has released January 2011 results for the pre-owned business jet, business turboprop, and helicopter markets. As illustrated in the chart, the years from 2000 to 2010 reveal two different delivery cycles for new and preowned business jet market sectors.
The pre-owned jet market had been on a steady increase from 1,479 sale transactions in 2001 to 2,232 in 2007 before starting a two year decline. New business jet deliveries lagged the pre-owned market decline by one year prior, having grown from 517 in 2003 to its record-breaking year in 2008 with 1,313 deliveries, followed by two years of decline in 2009 and 2010.
The good news: after two years of decline in the pre-owned business jet market, 2010 has shown a reversal. The year’s 1,888 pre-owned business jet transactions was an increase of 16% over 2009, and 4.8% over 2008.
2010 new business jet deliveries of 763 were down by 12.3% compared to 870 in 2009. 2011 is expected to be another year of correction, but with a prediction of a strengthening of global economic conditions.