Finance, Taxes, Insurance
Jetcraft Sees Grounds for Optimism in Preowned Bizjet Market
"No longer a knife fight in a phone booth," said Jetcraft president and CEO Chad Anderson
Chad Anderson, Jetcraft
Chad Anderson, president and CEO of Jetcraft. © David McIntosh/AIN

Preowned business jets are now selling 45% faster than in 2019, according to the latest market forecast published by global sales broker Jetcraft. The report also contends that "the industry is in a much-needed market correction period, with a dip in both the volume and value [of transactions] in 2023."

According to Jetcraft, in the period spanning 2022 and 2023, aircraft spent an average of 129 days on the market compared to 233 days in 2018-2019. Ongoing transaction volumes are now similar to 2019 levels, while values remain higher than the pre-pandemic peak, and the company predicts a 59% increase in total transaction value between 2019 and 2028.

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