IADA: Preowned Bizav Market Calming from 'Feeding Frenzy'
The number of preowned transactions and and aircraft under contract has slowed, but IADA members are optimistic that inventory and pricing are improving.
Business jet on static display by aircraft brokerage Jetcraft
Key metrics suggest the preowned market is "rebalancing," the International Aircraft Dealers Association said. (Photo: Chad Trautvetter/AIN)

International Aircraft Dealers Association (IADA) members reported that their preowned business aircraft transactions dropped from 288 in the first three months of 2022 to 239 in the most recent quarter, while the number of aircraft under contract fell from 248 to 197. Even so, IADA members participating in the association’s global perception survey have indicated their expectations have increased for the next six months, compared with where they were in the fourth quarter.

These expectations come as inventory levels start to replenish and pricing stabilizes, suggesting a “rebalancing” of the market, the organization said.