Jet Resale Market Trend
The good news for the jet resale market as 2011 came to an end is that it looks like the bottom has been reached and the market is stabilizing.
The number of retail sales transactions returned to within nine percent of its high reached in February 2008. As of the end of September, there were 2,058 transactions. Compare that with the low water mark of 1,426 transactions in June of 2009 and there is reason for optimism.
The percent of the active fleet for sale has declined and the number of transactions increased. The current number of aircraft offered stands at 13.8 percent of the General Aviation jet fleet and is consistently trending downward.
Most of 2010 was a period of adjustment for retail sales transactions. The number of transactions crept up as the asking prices fell. Now, there seems to be a balance as the asking price line and the number of transactions line crossed for the first time since October of 2008.
