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 post-pandemic, attributing it to expanding inventories and easing supply chain bottlenecks.
Despite this broader optimism, the outlook for the preowned business aircraft market has softened due to higher interest rates, softer pricing, and lingering concerns about a potential economic recession.
IADA's Q3 data shows a year-over-year decrease in transactions and an increase in aircraft sold below asking price, suggesting a rebalancing market with slight price decreases, increased supply, and stable to slightly decreased demand for various jet 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.