IADA Predicts Larger BizAv Market Ahead

The International Aircraft Dealers Association (IADA) says it sees a significantly larger market over the next six months for business aviation aircraft.

Kate O'Connor

Tuesday, October 24, 2023 at 06:58 PM ET

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IADA reports that inventories are expanding and price inflation has slowed during the third quarter of 2023. [Shutterstock]

Key Takeaways:

IADA anticipates a significantly larger market for business aviation aircraft over the next six months, with members reporting strong Q3 activity and expecting a robust Q4.
This positive outlook is attributed to expanding inventories, stabilizing prices, resolved supply chain issues, and growing maintenance/support infrastructure, indicating a rebalancing of supply and demand.
However, the preowned business aircraft market faces headwinds from higher interest rates, softer pricing, and recession concerns, leading to more sales below asking price and a slight year-over-year decrease in transaction volumes.

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The International Aircraft Dealers Association (IADA) says it sees a significantly larger market over the next six months for business aviation aircraft.

The association stated in its recently released third-quarter 2023 market report that many of its members did not experience the typical sales slowdown over the summer, with some noting strong transactions and activity. Overall, according to IADA, its members are anticipating a strong fourth quarter.