Looking for a Used Bizjet? The Supply Is Shrinking

The inventory of for-sale preowned business jets declined further last month, according to aviation information supplier JetNet. At the end of May, the number preowned bizjets on the market equaled 15.5 percent of the in-service fleet-down 1.9 percentage points from April 2009 and 2.2 points from the 17.7-percent peak recorded last July. However, it's still a buyer's market: the average number of days that preowned business jets remained for sale during the first trimester was 327, up 63 from the same period last year. Meanwhile, average asking prices dropped 0.5 percent from the first four months of last year to the first four months of 2010.