IADA Preowned Report Signals Rebound in 2021

Monday, May 24, 2021 at 06:50 PM ET

Verified

Sales of preowned business aircraft, such as this 2012 Gulfstream G550, are again moving in 2021. Courtesy Guardian Jet LLC

Key Takeaways:

In April 2020, the world was fully starting to feel the effects of the exploding COVID-19 pandemic, with lockdowns around the globe causing both the airline industry and business aviation to abruptly come to a halt. For the preowned business aircraft market, that meant listings skyrocketed while closed transactions all but evaporated.

Dan Pimentel

Dan Pimentel is an instrument-rated private pilot and former airplane owner who has been flying since 1996. As an aviation journalist and photographer, he has covered all aspects of the general and business aviation communities for a long list of major aviation magazines, newspapers and websites. He has never met a flying machine that he didn’t like, and has written about his love of aviation for years on his Airplanista blog. For 10 years until 2019, he hosted the popular ‘Oshbash’ social media meetup events at EAA AirVenture Oshkosh.