Preowned Market Remaining Stable Despite Market Turmoil | Aviation International News

Preowned Market Remaining Stable Despite Market Turmoil

Brian Foley believes stronger economics and lending practices have kept the preowned market stable during the Covid-19 crisis unlike a decade ago.

By Kerry Lynch • Editor, AIN monthly magazine

May 7, 2020

Despite the market turmoil associated with Covid-19 pandemic, the preowned market—so far—has marked a “stunning contrast” to the financial crash of 2007 and 2008 when a glut of aircraft came up for sale, said business aviation analyst Brian Foley.

Foley, owner of Brian Foley Associates, noted that between 10 percent and 12 percent of the fleet typically was for sale in years leading up to the market crash. But once the market crashed, that “quickly ballooned to 18 percent, meaning that nearly one in five of all the world’s jets had a for sale signed taped in their windshield.”

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