Preowned Business Jet Market 'Rebalancing,' Trade Group Says

The International Aircraft Dealers Association said its members are optimistic about the next six months of the business aircraft market compared with late 2022.

Amelia Walsh

Monday, April 17, 2023 at 03:39 PM ET

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The International Aircraft Dealers Association said its members are optimistic about the next six months of the business aircraft market compared with late 2022. [File photo: Adobe Stock]

Key Takeaways:

The preowned business jet market is rebalancing in 2023, transitioning from a 2022 high to tighter conditions with a return to more rational pricing.
IADA's Q1 2023 report shows a decrease in transactions and aircraft under contract compared to the previous year, though members are optimistic about the next six months.
Despite macroeconomic factors and geopolitical tensions, customer interest in buying, selling, and flying business aircraft remains robust.
The market is experiencing relatively tight conditions through 2023 due to limited inventory and customers unwilling to endure long waits for new aircraft.

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Falling off from a 2022 high, experts are predicting tighter conditions for aircraft sales in 2023, as the preowned business jet market is “rebalancing.”

In its first quarter report, the International Aircraft Dealers Association (IADA)—a trade association that promotes the growth and public understanding of the aircraft resale industry— noted that its members are optimistic about the next six months of the business aircraft market compared with the fourth quarter of 2022.