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Business Jet Survey - Positive Momentum into NBAA

Index jumps 10% to 53%
Our Business Jet Market Index came in at 53, 10% higher from our prior survey in August and back to its high post the U.S. election. By cabin size, our midsize cabin index is best at 54 (+7% sequentially) followed by small at 53 (+15%) and large cabin at 51 (+12%). Our straight-up measure of absolute business conditions came in at 5.4, 5% higher from our prior survey and the highest since before the financial crisis.

N America continues to lead way while ROW looks better Our index reflects an improved view of pricing (+24%) and inventory (+22%) along with higher customer interest (+11%). North America customer interest  increased 11% and remains strongest at 70, followed by an improving Europe (56) while Asia (51) Latin America (48) and the Middle East (47) appear stable to slightly improving.

Commentary from respondents Respondent commentary generally optimistic on lower young used inventory levels and improved utilization trends, although used pricing still seen declining, albeit at slower rate. In addition, commentary suggests improved trends not yet seen translating to new market. Zetta Jet (Asia charter operator) bankruptcy highlighted as risk.