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

Verified

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 post-pandemic business aviation market, with conditions improving due to expanding inventories, slowing price inflation, and resolving supply chain issues.
However, the short-term outlook for pre-owned business aircraft has softened, primarily influenced by higher interest rates, slightly decreased pricing, and lingering economic recession concerns.
This market shift is reflected in Q3 and year-to-date 2023 data, showing a decline in transactions and new acquisition agreements compared to 2022, alongside a significant increase in aircraft selling below asking price.
IADA projects slight price decreases and increased supply across all categories, with stable to slightly decreased demand expected for mid- and larger-size jets.

See a mistake? Contact us.

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.