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

According to a monthly business jet report issued by JPMorgan last month, the pre-owned market recovery continues though new jet demand is expected to lag. JPMorgan said used inventories fell 50 basis points in September, to 13.6 percent of the in-service fleet, the “second consecutive meaningful decline and further evidence that we are past the cyclical trough in the used market.” The investment firm predicts that pre-owned inventories will decline further in the coming months. Average asking prices for used business jets slipped again, declining 1.8 percent last month. Prices, on average, are 24 percent below the peak last November. However, JPMorgan said, “Some optimism due to [improving] used market conditions is warranted.”

JPMorgan: Market Optimism ‘Warranted’

According to a monthly business jet report issued by JPMorgan last month, the pre-owned market recovery continues though new jet demand is expected to lag.

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