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, shifting from 2022's record highs to tighter conditions and more rational pricing.
While transaction numbers are down from 2022, the International Aircraft Dealers Association (IADA) reports continued strong customer interest and optimism for the market's future.
Experts note a transition from a "feeding frenzy" to a more "balanced pace," though inventory remains limited and demand is still robust.
Despite global economic challenges, the business aviation market is expected to remain vibrant with continued tight conditions and active interest throughout 2023.

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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.