Aircraft
IADA Dealers 'Cautiously Optimistic' on Market Ahead
IADA predicts demand for midsize and super-midsize jets will be stable in the second half of the year.
A top-down view of a midsized jet in flight above clouds.
International Aircraft Dealers Association said preowned business aircraft transactions in the first half of the year have outpaced the previous year. Looking ahead, IADA predicts demand for midsize and super-midsize jets, such as this Dassault Falcon 2000XLS, will be stable in the second half. (Photo: Dassault Aviation)

Second-quarter preowned business aircraft sales transactions dipped slightly from the same period last year, but dealers are “cautiously optimistic” going forward and expect an uptick in transactions over the next six months. That's according to International Aircraft Dealers Association (IADA) executive director Wayne Starling, who released the association’s Second Quarter 2023 Market Report this morning.

IADA members recorded 303 transactions from April through June, compared with 310 for the same period last year. Meanwhile, first-half sales of 598 aircraft, up from 542 in the first six months of 2022. Demand-wise, going forward dealers anticipate a “significant” uptick for turboprops; a stable market for midsize jets; a slight decrease in large-cabin and ultra-long range jets; and a slight boost in light jet interest.