Contributor - Accidents and Regulations

Contributor - Accidents and Regulations

Gordon Gilbert

The present state of the turbine business aircraft resale market in Canada shows a “price normalization trend, with an uptick in inventory levels, increased days on the market, and price stabilization,” according to the newly-released 2023 <a href="https://levaero.com/wp-content/uploads/2024/05/Levaero_Canadian_Market_Report_2023_Edition.pdf">State of the Market report</a>&nbsp;from Ontario-based aircraft sales, service provider, and broker Levaero Aviation.
Preowned inventory levels in Canada for turboprops and jets increased by 45% and 140%, respectively, in 2023 from the previous year. “Though this signals a shift towards market equilibrium, we remind you that global inventory levels continue to remain below the five- and ten-year averages,” the report said. “The gradual increase in the number of days on the market for aircraft for sale is logical, as current owners reconcile their asking prices from 2021 and 2022 levels, and buyers wait for adjustments to reflect in aircraft valuations.”
While the overall Canadian fleet of turbine business aircraft saw a marginal decrease (13 aircraft), “the importance of business aviation in the country’s economic framework cannot be overstated.” According to the report, the number of aircraft registered globally has risen over the past three years, “signifying a continued increase in demand for business aircraft.”
The report notes that Canada’s turbine business aircraft industry is characterized by a significant turboprop population, which accounts for 59.6% of the total business aircraft registered, while jets make up 40.4%. “Canada is home to 4.65 percent of all turboprops globally, and roughly 2% of the jet market,” the report notes. “Together, the country makes up 3.04% of the global fleet of turbine business aircraft.”

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Levaero: Canada Aircraft Market Showing “Price Stabilization”

The Canadian aircraft broker's report shows slight increase in inventory last year

The present state of the turbine business aircraft resale market in Canada shows a price normalization trend, according to aircraft broker Levaero Aviation.

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