IADA Predicts Larger BizAv Market Ahead

The International Aircraft Dealers Association (IADA) says it sees a significantly larger market over the next six months for business aviation aircraft.

Kate O'Connor

Tuesday, October 24, 2023 at 06:58 PM ET

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IADA reports that inventories are expanding and price inflation has slowed during the third quarter of 2023. [Shutterstock]

Key Takeaways:

The International Aircraft Dealers Association (IADA) anticipates a larger overall business aviation market in the coming months, citing expanding inventories, moderating price inflation, and improving supply chains.
However, the six-month outlook for preowned business aircraft has softened due to higher interest rates, economic recession concerns, and somewhat softer pricing.
This market shift is reflected in declining year-to-date transaction volumes, a significant increase in aircraft selling below asking price, and a general expectation of decreasing prices and increased supply across all categories.

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The International Aircraft Dealers Association (IADA) says it sees a significantly larger market over the next six months for business aviation aircraft.

The association stated in its recently released third-quarter 2023 market report that many of its members did not experience the typical sales slowdown over the summer, with some noting strong transactions and activity. Overall, according to IADA, its members are anticipating a strong fourth quarter.