JETNET has released the results of a study that says the use of business jets is rising, and the number of used aircraft for sale is down. The high levels of pre-owned business jets available during 2009 will take time to reduce, but it is gradually; however, it remains a buyer’s market.
According to JETNET, 15% of business jets (2,700) were for sale at the end of April 2010, compared to the high of 17.7% in July 2009.
In a bit more exciting news, the FAA reported:
“U.S. based Business Jet flight operations in the 1st quarter of 2010 grew by 11.3% compared to the 1st quarter of 2009. So more companies are flying compared to last year when flight operations had declined by -30.5% in February 2009 compared to February 2008. While the flight operations increase in the 1st quarter of 2010 is welcomed news, it is still -21% below the first four months of 2008.”
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