Inventories of used jets and turboprops have risen dramatically. As depicted in the graph below (Jets/Turboprops for Sale 2019 v. 2023), the number of these aircraft for sale has increased by 25 percent since the beginning of 2023. The subsequent graph (Percentage of Jets/Turboprops for Sale) shows an increase from 4.2 percent of the in-service fleet to more than 5.1 percent now for sale.
Significant increases in inventories in such a short period could potentially be cause for alarm and signify a downturn or a buyer’s market. But before we conclude that the market has collapsed, let’s check back to pre-Covid 2019 as a point of comparison. The graphs also show that in 2019, the market had more than 3,000 jets and turboprops for sale, representing over 8 percent of the in-service fleet. Today, we have only a little more than 2,000 jets and turboprops for sale.
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