JetNet: Bizjet Prices Remain High as Inventory Rises

After hitting record highs in December 2021, pre-owned business jet inventory is slowly growing, according to the latest JetNet iQ market report and survey data. Presented this morning at the annual JetNet iQ conference in New York, creator and program director Rolland Vincent noted that while strong pricing and ratings continue, the percentage of business jets available has now exceeded 4 % for the first time since November 2021 with 950 aircraft on the market. Last year opened with 7.6% inventory and has been steadily declining.

The personal jet category leads the planes available, with 5.8% of the fleet for sale at the end of June, followed by airliners at 5.2% and mid-size jets at 5%. Turboprops and ultra-long range large jets ranked near the bottom of availability at 2.8 and 2.6 percent of their respective fleets for sale.

For the first time in four quarters, the currently ongoing third quarter survey indicates that aircraft owner/operator sentiment is rising again after hitting an all-time high in the third quarter of 2021. Among the top five aircraft manufacturers Business aircraft—Bombardier, Dassault, Embraer, Gulfstream and Textron—all have order-to-bill ratios above 2:1, with backlogs totaling $46.7 billion.

JetNet’s latest forecast calls for business jet deliveries to exceed 2019 levels starting next year. Over the next decade, the company expects 8,400 deliveries of new jets worth $264 billion (2022 dollars). While this represents a decrease of 129 units from last year’s forecast, the overall value is $11 billion higher, signifying a shift to the high end of the market.

In the still-ongoing survey of business jet operators, more than 70% of respondents worldwide indicated that they would seriously consider purchasing sustainable aviation fuel in the next 24 months.