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

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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:

Used business jet sales concluded 2022 on a high note, reporting a 2% increase in transactions from 2021, totaling 1,399 sales and $9.3 billion.
Despite the strong finish, industry leaders predict a market normalization and leveling off during the first half of 2023, with more modest expectations for continued growth.
The market is anticipated to become more balanced, with older aircraft likely to depreciate at higher than pre-pandemic levels, while newer aircraft may hold value due to OEM backlogs.
A slight increase in inventory and stable supply are expected across all business aircraft segments in the coming months.

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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.