In April 2020, the world was fully starting to feel the effects of the exploding COVID-19 pandemic, with lockdowns around the globe causing both the airline industry and business aviation to abruptly come to a halt. For the preowned business aircraft market, that meant listings skyrocketed while closed transactions all but evaporated.
IADA Preowned Report Signals Rebound in 2021
Key Takeaways:
- The preowned business aircraft market showed a significant recovery in April 2021, with closed deals more than doubling and failed transactions reduced by over half compared to the pandemic's initial impact in April 2020.
- This rebound indicates the aviation industry's return towards pre-pandemic levels, supported by strong aircraft prices and increased acquisition agreements.
- Data from the International Aircraft Dealers Association (IADA), whose members account for a substantial portion of global preowned aircraft sales, highlights this positive market resurgence.
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