April 27, 2010
By Alton K. Marsh
A new report by Amstat Market Analysis indicates the slight recovery in new and used business jet sales seems to have slowed. “The worst is indeed behind us,” concluded the report’s author, Tom Benson. “However, even with seasonality taken into account, the data from the first quarter does not signal that we’ll be seeing a return to truly favorable market conditions any time soon.”
Benson found a similar story for turboprops.
“Pre-owned aircraft for sale inventory levels are well down from their peak, but here too, the data shows hints of possible stagnation. At 15.7 percent of the fleet, used business jet inventory is below its peak of 17.9 percent seen last summer, but the rate of improvement does seem to have slowed a bit in the past few months. For turboprops, used inventory has been essentially flat since September of 2009, and now stands at 12.5 percent. For both jets and turboprops, these metrics are still significantly above their 20-year averages of 12.5 percent and 11.2 percent respectively,” the report said.
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OpenAirplane is a new service that simplifies the process for pilots wanting to rent aircraft outside of their home base.
The GACE Flying Club, which grew from a club for Grumman employees, prides itself on offering members low-cost, safe flying and social events.