Aircraft
IADA Report Predicts Price Decline for Higher-end Bizjets
After a year of stability, the group's members see a slight shift towards a buyer's market
Business jets lined up on taxiway
IADA's membership foresees pricing erosion and increased inventory among the midsize and larger private jet classes in the coming months. More than half its members surveyed in its latest report expect a decrease in dealer "willingness-to-inventory" aircraft in those segments. © Barry Ambrose/AIN

The preowned business aircraft market continued to stabilize in 2023, according to a year-end report released on Monday by the International Aircraft Dealers Association (IADA).

“IADA members have been predicting a more stable marketplace for over a year, and the 2023 market performed as expected,” said Phil Winters, the group’s chairman and v-p of aircraft sales and charter management with Western Aircraft. “Our quantitative and proprietary sales data shows that buyers and sellers are coming together with regard to asking and offering prices, a positive change from the overheated conditions we’ve seen since the onset of the pandemic.”

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