According to analyst USB, the inventory of pre-owned business jets on the market continues to creep up, with the number of available small and midsize jets beginning to close the gap with large aircraft.

“Aircraft values still continue to be at an all-time low,” said Ray Bennett, Jet Linx Aviation Vice President of Sales. “As a result, a $6 million valued aircraft three years ago is being purchased today at $3 million. It is definitely a buyers’ market.” The buyers’ market is opening the doors to possible owners with a lower utilization profile. “The current state of the market has allowed the low-utilizing owner the opportunity to take advantage of aircraft ownership and partner with Jet Linx to optimally utilize the asset.”

In the latest installment of Business Jet Update from UBS, the report states available inventory of business jets rose by a percentage point in May, approaching 11.5 percent, but still below the historical average of 13 percent. The inventory of young aircraft (those from zero to 10 years old) was up two percent, while “very young” aircraft (from zero to five years old) grew by four percent in May.