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 significantly larger business aviation market over the next six months, driven by expanding inventories, stabilizing prices, and resolving supply chain issues.
Despite the broader market optimism, the outlook for the pre-owned business aircraft market has softened due to higher interest rates, economic concerns, and declining prices, with year-to-date transactions and new acquisition agreements down compared to 2022.
IADA projects slight price decreases and increased supply across all categories, with demand remaining stable for turboprops and light jets but expected to decrease for mid- and larger-size jets.

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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.