New Data Paints Mixed Picture of Used Bizjet Market

The preowned business jet market continues to recover but remains sluggish, according to the latest data from corporate aviation information supplier Jetnet. The firm said that 14.9 percent of the worldwide fleet of business jets and 10.9 of the worldwide fleet of turboprops were on the market in the first seven months of this year, down from 17.7 and 12.1 percent, respectively, in the same period of 2009. However, jets and turboprops are both spending more days on the market this year than last--77 and 30 more respectively--and average asking prices have dropped 12.5 percent for jets and 10.5 percent for turboprops.