Asian Sky Quarterly 2022 Q4
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IADA<br />
MARKET<br />
REPORT<br />
FOURTH QUARTER<br />
<strong>2022</strong><br />
WAYNE STARLING<br />
Executive Director, IADA<br />
I am excited to present to you the Fourth Quarter <strong>2022</strong> IADA Market Report.<br />
The IADA Market Report has quickly become a valued resource for anyone<br />
interested in the business aviation industry. Our summary and perspectives<br />
on the coming market provide an informed view of where our industry<br />
stands and our honest projections about the course of our industry.<br />
Our data is both quantitative (based on actual sales and transactions)<br />
and qualitative (based on a survey conducted with IADA Accredited<br />
Dealers and Certified Brokers). The value of our data is crucial due to the<br />
dominance and performance of IADA members in the global marketplace.<br />
IADA Accredited Dealers and Certified Brokers buy and sell more aircraft by<br />
dollar volume than the rest of the world’s dealers combined. We are proud<br />
of our continued status as the best of the best.<br />
We have been working in a frenzied market for the past two years — one<br />
in which our Accredited Dealers and Certified Brokers have performed<br />
exceedingly well. The fourth quarter of <strong>2022</strong> has some characteristics that<br />
we believe will continue into the first quarter of 2023:<br />
• There is movement toward a balance between buyers and sellers, led<br />
largely by an ongoing easing of severe inventory shortages and buyers’<br />
awareness toward pricing.<br />
• The trend toward first-time buyers over the past two years continues,<br />
particularly in the midsize to large cabin aircraft. We believe these<br />
buyers will stay in the market for the long haul as the benefits of private<br />
ownership become more and more evident.<br />
• Our industry continues to deliver an exceptional level of service.<br />
• Client demand remains strong.<br />
• There is still a backlog in the market of OEMs. Demand for their aircraft<br />
will continue even though the deliveries might be two to three years out.<br />
IADA plays a key role in understanding the state of today's business<br />
aviation marketplace. I trust you'll find our latest Market Report to be as<br />
useful and interesting as I do.<br />
34 | GLOBAL SKY QUARTERLY — FOURTH QUARTER <strong>2022</strong>
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