Business Jet Fleet Report YE2020

PREOWNED AIRCRAFT
SALES PACE QUICKENS
If preowned aircraft sales are a leading indicator of how the outlook for new and used business
jets is shaping up, then the market is surprisingly heated as the world’s economies begin to see
light at the end of the pandemic tunnel.
Dealers, including Asian Sky Group, which are accredited by the
International Aircraft Dealers Association (IADA), usually average
over 700 transactions and $6 billion in sales volume per year.
However, in the 12 month period from April 1, 2020 to March 31,
2021, IADA dealers actually registered 1,222 global transactions
worth more than $10 billion.
For the calendar year 2020, new aircraft manufacturers also
delivered just over a thousand new turbine business aircraft (jets
and turboprops). One could conclude that quite a few business
aircraft changed hands since the pandemic struck a year ago in
March.
in April 2020 on a monthly basis, as a result of the volatile market
conditions caused by the pandemic and will be announcing future
results quarterly.
Members of IADA closed 211 preowned aircraft sales transactions
in the first quarter of 2021 alone, which is usually a lackluster
quarter for aircraft sales. In the same quarter, they inked another
246 aircraft deals that are scheduled to close in the next few
months.
The data was included in the Spring 2021 IADA Market Report.
IADA began tracking preowned sales metrics for business aircraft
“The IADA data clearly indicates that the aviation industry has
proven its resilience through the economic fluctuations brought
about by the pandemic and is now on a trajectory for continued
success,” said IADA Executive Director Wayne Starling.
“Further, a perception survey of our members indicates they expect
the next six months to demonstrate a slight increase in all market
conditions, with the strongest areas of increase in the light and midsized
jet markets,” Starling added.
66 ASIA-PACIFIC BUSINESS JET FLEET REPORT – YEAR END 2020