JetNet Acquires Asset Insight, Reviews 2022 Market Data to Date

The company says it's looking ahead to a good year in 2022—but not quite the total number of sales in the pre-owned market as in 2021.

Julie Boatman

Tuesday, October 18, 2022 at 03:52 PM ET

Verified

The business jet market has entered a healthy stabilization phase after a roller coaster couple of years, according to JetNet. [Shutterstock]

Key Takeaways:

The business aviation market is entering a healthy stabilization phase after peak years, with pre-owned aircraft inventory at historic lows despite continued demand.
OEM backlogs have been replenished to $47 billion, but these levels are not expected to be sustained due to the lag between order and delivery.
JetNet has acquired Asset Insight, an aviation-focused valuation firm, to enhance its customer offerings with valuation and cost-of-ownership products.

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The market has entered a healthy stabilization phase after the roller coaster years of 2020 and 2021, according to Paul Cardarelli, vice president of sales for JetNet, in a review of the current year-to-date data while at the National Business Aviation Association’s Business Aviation Convention and Exhibition (NBAA-BACE) in Orlando, Florida.

JetNet has also acquired Asset Insight, the company announced.