Aircraft
IADA Warns of Coming Shortage in 'Quality' Used Bizjets
Used business aircraft transaction closings continued to rise in the second quarter of 2021, the International Association of Aircraft Dealers reported.
Used business aircraft transaction closings continued to rise in the second quarter of 2021, the International Association of Aircraft Dealers reported. But IADA said that demand for"quality" late-model aircraft is now exceeding supply. (Photo: Chad Trautvetter/AIN)
Used business aircraft transaction closings continued to rise in the second quarter of 2021, the International Association of Aircraft Dealers reported. But IADA said that demand for"quality" late-model aircraft is now exceeding supply. (Photo: Chad Trautvetter/AIN)

The International Association of Aircraft Dealers (IADA) is warning of a pending shortfall in "quality" preowned business aircraft as it continues to see activity increase in aircraft under contract and transaction closings, according to its second-quarter 2021 IADA Market Report. In the second quarter, IADA dealers closed 320 preowned aircraft sales transactions and ended the quarter with another 315 aircraft under contract. That’s up from the quarter a year ago, when dealers closed 174 transactions and had 219 aircraft under contract.