Aircraft
IADA Reports Jump in Q1 Preowned Bizcraft Transactions
253 preowned business aircraft transactions closed in Q1, up from 239 in the first three months of 2023
Daher TBM 960 in flight
Preowned turboprop prices and inventories are anticipated to stabilize, IADA said. © Daher/Eric Magnan

The preowned business aircraft market was “buoyant” in the first quarter, with International Aircraft Dealers Association (IADA) accredited dealers reporting 253 closed transactions, up from 239 in the first three months of 2023, according to IADA’s First Quarter 2024 Market Report. The update also paints an optimistic outlook for the next six months.

Per IADA data, the first quarter ended with 248 aircraft under contract versus 206 in the same period a year ago. In addition, IADA dealers had 302 contracts to sell exclusively in the first quarter of 2024, significantly above the 197 in the first three months of last year. However, new acquisition agreements are lagging slightly—166 versus 149—and the number of transactions where prices were lowered climbed by 69 percent, to 88.