Business Jet Sales Up in 2022, IADA Reports

Industry leaders reflect on the market over the past year.

Wednesday, January 18, 2023 at 03:55 PM ET

Verified

The Fourth Quarter IADA Market Report for accredited dealers and certified brokers reported an increase in used aircraft sales in 2022. [Courtesy: Pilatus Aircraft]

Key Takeaways:

Business jet sales ended 2022 strongly, with 1,399 used aircraft transactions, a 2% increase from 2021, totaling $9.3 billion.
However, industry leaders like IADA anticipate a market "normalization" and leveling out in the first half of 2023, rather than continued growth.
This normalization is expected to lead to increased depreciation for older aircraft, while new aircraft may benefit from OEM backlogs; inventory is also projected to slightly increase with stable supply across all segments.

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The sale of business jets ended on a high note in 2022 but don’t expect that climb to continue, say the senior leaders of the International Aircraft Dealers Association (IADA).

Sales by the Numbers

The Fourth Quarter IADA Market Report for accredited dealers and certified brokers reported 1,399 used aircraft sales transactions that closed in 2022, which is a 2 percent increase year over year from 2021, which saw sales of 1,370 jets.