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The preowned business aircraft market is maintaining a steady pace, with transactions up 20% year over year (YOY) in the second quarter and sales of late-market aircraft remaining strong, according to the International Aircraft Dealers Association (IADA). The quarterly performance, IADA added, spurs “guarded” optimism for the rest of the year.
During the second quarter, 366 deals closed, marking the highest number since IADA launched its survey in 2020. Through the first six months of this year, 620 sales were completed, reflecting a 14% YOY increase. IADA described this gain as an indicator of “healthy level activity in a rebalancing marketplace.”
However, IADA also pointed to macroeconomic factors fueling ongoing uncertainty, including geopolitical tensions, global elections, and persistent concerns surrounding inflation and interest rates. “Most IADA members have been impacted by these headwinds and still view the global preowned business jet market with guarded optimism,” the association stated.
