Finance, Taxes, Insurance
Market Overview: 2022 Sees Skyrocketing Prices, Low Availability
Through the first three quarters of the year, demand for preowned aircraft remained steady pushing prices dramatically higher while inventory remained low.
(Photo: Mark Wagner)
(Photo: Mark Wagner)

Dramatic changes have occurred in the private jet and turboprop market since the beginning of Covid-19. The market’s first reaction in the spring and summer of 2020 was to freeze. Some buyers walked away from their deposits fearing the economy would collapse. With few transactions, it was difficult to know the true effect of the global pandemic on business aviation.

As the global pandemic took hold over the next several months, aircraft transactions remained slow as travel became difficult due to travel restrictions by state and local governments. Overall, non-essential private jet flights were severely reduced.

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