The preowned business aircraft market remains hot, with 288 transactions completed in the first quarter of 2022, according to a report from NAFA member International Aircraft Dealers Association (IADA). That's a 35 percent increase from the first quarter of last year when 213 transactions were completed, the association said.
“We live in tumultuous times," said IADA executive director Wayne Starling. "Despite that, the aviation field continues to show extraordinary strength. Global demand is very high.”
IADA members reported that acquisition agreements nearly doubled to 223 in the first quarter, up from 121 a year earlier. Prices dropped in only six cases, compared with 27 a year earlier. IADA reported that 45 deals fell apart in the quarter. Although that number was up from 41 in the first quarter of 2021, it was against the backdrop of an increase in the number of agreements.
The association’s members were retained exclusively to sell 155 aircraft in the quarter, down slightly from 157 a year earlier.
This article was originally published by Business Jet Traveler in April 2022.
