Canadian private aircraft fleet continues to grow
By Adam Hunt
The Canadian private civil aircraft fleet continued to grow in 2012, but at a rate that was the lowest seen since 2003 and worse than at any time during the recession of 2008-10. In 2008 the fleet grew at 3.2 per cent, in 2009 by 2.2 per cent reflecting the recession, in 2010 increased to 2.3 per cent and in 2011 up to 2.5 per cent. In 2012 it was down to just 1.96 per cent. The numbers seem to indicate the recession is still with us, especially with regard to aircraft sales. As in recent years the fact that the fleet has continued to grow and not shrink is probably due to the persistently high asking prices for used aircraft in Canada. Aircraft asking prices in Canada should be lower than they are, with the Canadian dollar near par against the U.S. dollar, but Canadian asking prices remained consistently higher than U.S. prices this past year, encouraging cross-border aircraft shopping and driving up the overall number of aircraft registered in Canada.
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