UBS: No Bizjet Improvement, but Interest Increases

Overall used aircraft inventory increased slightly in November-the fourth straight monthly increase following a steady declining trend over the previous 14 months. That's according to the latest monthly business jet report from investment research firm UBS, which noted that available aircraft inventories were 3 percent higher in November than in July. The report said the increase resulted because availability of aircraft less than 10 years old has increased 7 percent since July. UBS estimated that 15 percent of the fleet is currently available, down from the peak of 18 percent, but still above the historical average of 12 to 13 percent. Despite these numbers, UBS noted an improvement in customer interest based on responses to its survey.