Chad is the editor of AINalerts, AIN's daily business aviation newsletter, and is also the news editor at AIN Media Group.&nbsp;He has been writing about aviation, with an emphasis on business aviation, since 1994. Chad started his writing career at The Avion,&nbsp;the&nbsp;student newspaper at Embry-Riddle Aeronautical University in Daytona Beach, Florida, serving as editor-in-chief before graduating with a bachelor's in aeronautical science. After a stint as managing editor at Professional Pilot&nbsp;magazine, he joined&nbsp;AIN in late 1998. Chad holds a commercial pilot certificated with instrument and multi-engine ratings, and he also is a CFI/CFII. He lives and works from his home in Venice, Florida.

Online Editor

Chad Trautvetter

Available business jet inventories dropped 2 percent in August, the second sequential decline in three months, following 18 months of consecutive increases, according to a business jet report issued by UBS Investment Research. Despite the decline, available inventories are still at 17 percent of the in-service fleet, some 36-percent higher than August last year. Inventories of aircraft less than 10 years old fell 2 percent last month, their third decline in four months but still about 50 percent above prior-year levels. New aircraft positions for sale declined 3 percent last month, their fifth straight decline in as many months. Meanwhile, UBS said average asking prices for most younger aircraft are 30-percent below peak levels, with pricing down another 2 to 3 percent last month.

UBS: Pre-owned Inventory Trending Downward

Available business jet inventories dropped 2 percent in August, the second sequential decline in three months, following 18 months of consecutive increases

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