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 State of the Market report 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.”