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 undergoing a "rebalancing" in 2023, shifting from 2022's record highs to tighter conditions and more rational pricing.
Despite a decline in transaction volume and contracts compared to the previous year, the International Aircraft Dealers Association (IADA) reports optimism for the market's activity in the coming months.
Customer interest in business aircraft remains robust, with experts noting a shift from a "feeding frenzy" to a more balanced pace characterized by limited inventory and a demand for immediate delivery.

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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.