Asset Insight: Used Bizav Aircraft Market 'White-hot'
Twice as many preowned business aircraft transactions occurred in the second quarter of 2021 as in the same period in 2020.
In the current business aircraft seller's market, the asking price for large cabin preowned jets has seen a 7 percent increase in the second quarter year-over-year, as newer, high-quality assets are trading at or near the ask price. (Photo: Mark Wagner/AIN)
In the current business aircraft seller's market, the asking price for large cabin preowned jets has seen a 7 percent increase in the second quarter year-over-year, as newer, high-quality assets are trading at or near the ask price. (Photo: Mark Wagner/AIN)

The used aircraft market continues to boil, with twice as many preowned business aircraft transactions occurring in the second quarter of 2021 as in the same period in 2020, according to industry pricing evaluator Asset Insight. The Las Vegas-based company also noted that the market experienced a 30 percent jump in volume from the first to the second quarter of this year.