NAFA member, Tony Kioussis, Asset Insight, shares their Q3 2021 Market Report.
The fever pace of business aircraft sales in 2021 is clearly reflected in the Asset Insight Q3 AI2 2021 Market Report. Demand in Q3, at 68% over Q2 2021, was at a record high level for all aircraft groups. Sales volume in Q3 increased just 1.5% over Q2, but was up 18% through Q3 2021 vs. Q3 2020. The Q3 AI2 Market Report covers 134 fixed-wing models and 1,190 aircraft listed for sale.
“In our last Market Report, the laws of supply and demand seemed to have been paused with demand increasing for a smaller and smaller pool of aircraft, while prices continued to fall,” said Tony Kioussis, president of Asset Insight, LLC. “Traditional economic forces appear to have regained their footing as the selling frenzy continues to reduce the fleet of available aircraft, and in Q3 prices began to rise. It’s more important than ever, however, that buyers have clear and accurate data about the aircraft they’re considering as the quality of the for-sale fleet has been picked over with available aircraft often carrying the promise of higher future maintenance costs.”
This article was originally published by Asset Insight on October 29, 2021.
