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JETCRAFT CORPORATION SEES PRICING RECOVERY IN BUSINESS JET MARKET

May 4, 2011

Demand from international markets expected to clear-out select
inventories of new and pre-owned business aircraft

RALEIGH-DURHAM, NC, May 4 /PRNewswire/ – Jetcraft Corporation, a
provider of business aircraft sales, acquisitions, trading and
brokerage services, today commented on the recovery of the business jet
market.

“We are seeing clear evidence of a return to a more stable pricing
environment for long range and large business jets,” says Jahid
Fazal-Karim, Co-Owner and Board Member, Jetcraft Corporation. “There
has been a significant reduction in the gap between buyer and seller
price expectations, due in part to the reduction of distressed assets
that flooded the market in late 2008. Additionally, original equipment
manufacturers (OEMs) now have stronger order backlogs, which has
reduced the pressure to discount prices on new aircraft. The current
recovery is being driven by emerging markets, including China, India,
Russia and Africa, where long range aircraft are typically the models
of choice.”

“There has been abundant speculation as to when prices of business
aircraft would bottom out. After a significant drop across all
categories beginning in late 2008, we have now seen an increase in
prices of larger, longer range, higher-end business aircraft. Thus, we
believe that the window of opportunity for discount buyers is now
closing. In terms of risk, political and economic instability could
jeopardize price recovery in some emerging markets. As for the mid-size
and light business jet market segments, prices are stable but still
low. However, shrinking inventories due to increased demand and
economic recovery in North America, Europe and Latin America should
stimulate values over the next 18 to 24 months,” adds Mr. Fazal-Karim.

“Given our global presence, volume of transactions and pricing of
transactions, Jetcraft is seeing the tangible results of a recovery in
the business jet market,” continues Chad Anderson, President, Jetcraft
Corporation. “Thanks to the considerable efforts or our team and a
corporate culture of thorough analysis and rapid action, we have worked
very hard to pursue opportunities worldwide. We believe we are seeing
the beginning of a sustained recovery that will stimulate activity
across the business aviation sector. We are very pleased with
Jetcraft’s performance so far this year and we look forward to
announcing successful sales figures at the European Business Aviation
Conference and Expo (EBACE) in Geneva, Switzerland on May 17,”
concludes Mr. Anderson.

About Jetcraft Corporation

Jetcraft Corporation is an international leader in new and pre-owned
business aircraft sales, acquisitions and trades. Headquartered in
Raleigh-Durham, NC, Jetcraft has sales offices/representation in six US
cities; Basel, Switzerland; Dubai, UAE and Moscow, Russia. The
company’s 49-year track record in aircraft transactions has earned it a
world class customer base and one of the strongest global networks in
the industry. Jetcraft Avionics LLC, a subsidiary of Jetcraft
Corporation, provides distribution of Enhanced Flight Vision Systems
(EFVS) for aftermarket business and wide body aircraft using
Elbit-Kollsman’s state-of-the-art EVS-II and AT-HUD. For more
information, please visit www.jetcraft.com.

Visit Jetcraft at EBACE 2011, May 17 – 19 at Palexpo, Geneva,
Switzerland. For the first time, Jetcraft will be officially present at
the EBACE static display with aircraft open for viewing.

For more information, or to schedule an interview, please contact:

Mark Lowe
PRagmatic Communications
For Jetcraft Corp.
E-mail: mark.lowe@pragcom.com
Tel: (514) 499-9632
Mobile: (514) 576-2519

SOURCE Jetcraft Corporation


Source: newswire



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