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

The latest business jet market index from UBS Equities has taken a positive turn since flatlining for two months at the lowest level seen since 2009. This month the index came in at 31, up two points from the firm’s previous survey but still below 50, indicating a continued weak market.

 


Results showed improved scores for customer interest, up 11 percent; 12-month outlook, up 14 percent; and willingness&nbsp;of&nbsp;dealers to&nbsp;increase inventory, up 19 percent. However, the﻿ index scores (which measure respondents' level of market optimism)&nbsp;were worse for aircraft pricing, down 8 percent, and inventory levels, which fell 11 percent&nbsp;as the actual inventory of aircraft for sale has increased. Regarding the latter, the survey found that inventory of young pre-owned aircraft (10 years old or less) is at its highest level in several years.

 


Customer interest climbed in North America, rising 3 percent to an index score of 48; Latin America, +2 percent to 36; Middle East, +7 percent to 39; and Asia, +14 percent to 42. Meanwhile, customer interest in Europe declined 21 percent, to an index score of 33, “as some respondents noted customer concerns around the recent UK vote to leave the EU,” UBS aerospace analysts David Strauss and Darryl Genovesi noted.

 


The financing score, which is not a component of the UBS index, increased 9 percent, to 54, indicating financing conditions have improved. UBS “regularly surveys” a group of U.S. domestic and international broker/dealers, manufacturers, fractional providers, financiers and other industry experts to come up with the index results.

UBS Bizjet Market Index Inches Upward

This month the index came in at 31, up two points from the firm’s previous survey but still below 50, indicating a continued weak market.

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