Asian Sky Quarterly 2022 Q1
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GLOBAL BUSINESS AVIATION MARKET UPDATE<br />
FOR SALE INVENTORY<br />
Aircraft Listed for Sale<br />
2,206<br />
1,843<br />
2020 2021<br />
xi<br />
The number of aircraft listed for sale started to decline in late 2020<br />
as owners held onto their business jets during COVID-19. That trend<br />
continued throughout 2021, with listings 16.5 percent lower than<br />
in 2020. In 2020, the average number of aircraft listed for sale per<br />
week was 45 and that declined to 35.4 in 2021. There is growing<br />
evidence that many pre-owned aircraft are being sold prior to being<br />
listed, meaning transactions can continue despite low listings and<br />
inventory. Listings may remain low until new deliveries begin to pick<br />
up, driving owners to market current aircraft once they take delivery<br />
of new aircraft.<br />
Percent of Business Jet Fleet for Sale<br />
Total<br />
0-12 Years<br />
13+ Years<br />
14.0%<br />
12.0%<br />
10.0%<br />
8.0%<br />
6.0%<br />
4.0%<br />
2.0%<br />
0.0%<br />
Q4 2019 <strong>Q1</strong> 2020 Q2 2020 Q3 2020 Q4 2020 <strong>Q1</strong> 2021 Q2 2021 Q3 2021 Q4 2021<br />
xii<br />
Strong pre-owned transactions and fewer aircraft listings led to<br />
declining business jet inventory in 2021. At the end of the year,<br />
inventory stood at 3.7 percent of the total fleet – lower than at<br />
any time during the last two years and representing an all-time<br />
low. Furthermore, inventory of aircraft younger than 13 years old<br />
(typically seen as more desirable) was only 1.9 percent of the<br />
global fleet.<br />
54 | ASIAN SKY QUARTERLY — FIRST QUARTER <strong>2022</strong>
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