The International Aircraft Dealers Association (IADA) predicts that used turbine business aircraft prices and demand will continue to rise, solidifying the market position that has been building through 2021.
Dealer Association Predicts Rising BizJet Prices, Demand
Key Takeaways:
- The market for used turbine business aircraft is experiencing significantly increased prices and demand, driven by historically low inventory and backlogs in new aircraft orders from OEMs.
- A "massive influx" of first-time buyers, accounting for up to 40% of purchases and not trading in existing aircraft, is a key factor exacerbating the inventory shortage.
- This dynamic has led to a 20-30% increase in sales prices over recent months, with the International Aircraft Dealers Association (IADA) projecting continued price and demand increases across all market segments for the next six months.
- IADA's Q3 2021 report confirmed a heated market with a substantial year-over-year increase in aircraft agreements and closed deals, and very few transactions with lowered prices.
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