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:

IADA forecasts a larger overall business aviation market with expanding inventories and resolving supply chain issues, signaling a rebalancing of supply and demand.
However, the preowned business aircraft market outlook has softened due to higher interest rates and economic concerns, leading to anticipated slight price decreases and increased supply.
This market shift is evident in more aircraft selling below asking price, and a decline in year-to-date transactions and new acquisition agreements compared to last year, suggesting an emerging buyer's market.

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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.