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

“We sense an eagerness for a pickup in the long-depressed business jet market, particularly at the lower end, but we continue to observe mixed signals,” JPMorgan Investment Research notes in its latest market report. Despite the conflicting signals, the investment research firm still predicts an 8-percent rise in business jet deliveries this year. Keeping with recent trends, large-cabin jets will be driving much of this increase, with only “modest pickup for smaller jets.”


JPMorgan saw a “few pockets of strength” in the fourth quarter, but did “not see a decisive turn.” As positives it cited Gulfstream’s 1.0x book-to-bill ratio and Bombardier’s 0.9x ratio.


But other indicators were “mixed,” it said. “We view the U.S. as an important driver of the next major leg of a recovery, and FAA [data on] flight ops fell another 2.9 percent year-over-year in December.” Additionally, pre-owned inventories of in-production business jets remained stagnant in January on a month-over-month basis and remain high in historical terms at 10.8 percent of the in-service fleet.


Meanwhile, pre-owned jet average asking prices slid 2.1 percent last month to $12.2 million, “the lowest level since 1998,” said JPMorgan analysts.

JPMorgan: Bizjet Deliveries To Rise 8 Percent in 2012

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