The International Aircraft Dealers Association (IADA) presented its second-quarter market report this week. The overall sentiment throughout was that, even though demand for business aircraft remained strong, the market was returning slowly to pre-COVID-19 conditions.
IADA is the global collective of the world’s only accredited dealers and certified brokers, all major OEMs, and 75 industry-leading products and services providers, whose members buy and sell more aircraft by dollar volume than the rest of the world’s dealers combined, according to the association. IADA’s executive director, Wayne Starling, pointed out during the company’s market update this week that although IADA dealers make up 15 percent of all the dealers worldwide, they complete 46 percent of all sales of used aircraft. In fact, IADA’s dealers and brokers average more than 1,100 transactions or $10 billion in volume per year.
