IADA Reports Pre-Owned Business Aircraft Market Stable in 2023

The market for pre-owned business aviation aircraft further stabilized through the end of last year, according to the association.

Kate O'Connor

Monday, January 22, 2024 at 05:34 PM ET

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Key Takeaways:

The pre-owned business aviation aircraft market stabilized in Q4 2023, as predicted, showing a subtle shift towards a buyers' market with increased inventory and more reasonable prices.
IADA members reported an increase in pre-owned aircraft transactions for Q4 2023 and overall in 2023, though a rise in exclusive selling agreements indicated more sellers than buyers.
For the next six months, most respondents expect falling prices and growing inventories for midsize and larger jets, with demand anticipated to remain stable or slightly decrease.
Potential challenges for the new year include existing supply chain backlogs, global unrest, and uncertainties surrounding the U.S. presidential election.

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The market for pre-owned business aviation aircraft further stabilized through the end of last year, according to the International Aircraft Dealers Association’s (IADA) 2023 fourth-quarter market report.

IADA reported seeing “a subtle shift toward becoming a buyers’ market, with higher inventory and more reasonable prices.” The group expects a steady start to the new year but noted potential trouble spots, including a backlog carryover related to previous supply chain issues, disruptions because of global unrest, and uncertainties associated with a presidential election year in the U.S. The organization stated that the 2023 stabilization matched its previous predictions for the time period.