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, which experienced a severe halt in April 2020 due to COVID-19 lockdowns, demonstrated a significant recovery one year later.
- By April 2021, International Aircraft Dealers Association (IADA) members doubled closed transactions, cut failed deals by more than half, and maintained strong aircraft prices with very few reductions.
- IADA's report highlights the overall health of the used aircraft market, as its members collectively account for a substantial portion of global preowned aircraft transactions.
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