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:

Business jet sales concluded 2022 with a strong performance, recording a 2% increase in transactions year-over-year to 1,399 sales totaling $9.3 billion, with December being the busiest month.
Despite the strong finish, industry leaders predict a market normalization and leveling out for business jet sales in the first half of 2023, with more modest expectations than the previous year.
The market is expected to become more balanced, with aircraft beginning to depreciate at slightly higher than pre-pandemic levels; pricing for high-time and legacy aircraft is projected to fall the most, while newly delivered aircraft will benefit from OEM backlogs.

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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.