IADA members noted that the anticipated slowdown due to geopolitical tensions and the ongoing election cycle had less impact than expected. [Courtesy: Pilatus Aircraft]
Key Takeaways:
The IADA Q3 2024 market report indicates a strong business aviation market, with new acquisition agreements up 22% year-over-year and 373 closed deals marking the highest third quarter since 2020.
While reduced-price listings increased significantly as the market adjusts from post-pandemic highs, growing demand, particularly for midsize and light jets, is effectively absorbing inventory, leading to slightly lower prices than two years ago.
Buyer hesitation is diminishing, the insurance market is shifting to a buyer-driven model, and the overall outlook for Q4 2024 and the next six months is optimistic, with expectations for an active and accelerating market.
The International Aircraft Dealers Association (IADA) released its third-quarter market report for 2024 on Monday analyzing the current aviation marketplace.
The full report, available here, stated that IADA dealers and brokers collectively account for over half of all transactions worldwide.
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Caleb Revill is a journalist, writer and lifelong learner working as a Junior Writer for Firecrown. When he isn't tackling breaking news, Caleb is on the lookout for fascinating feature stories.
