Used Business Aircraft Market Near 20-year Averages
The global pre-owned business aircraft market, in the fourth quarter, was mostly on par with the 20-year average in terms of sales transactions and inventories, according to recent data from business aircraft market research and services firm Amstat.
Its data shows that 506 business jets, or 2.6 percent of the in-service fleet, changed hands in the fourth quarter, 0.3 percentage points below the 20-year average. Year-over-year, transaction activity increased for turboprops, light jets and midsize jets but fell for large-cabin jets.
As of January 1, Amstat said that 12.9 percent of the in-service business jet fleet was on the market, above the 20-year average of 12.6 percent but down from the 13.7 percent recorded a year ago. It said light and midsize jet inventory has recovered to 20-year average, but large-cabin jets are “well above” this benchmark. Despite this, average asking prices for light and midsize jets fell 5.3 percent (to $1.744 million) and 3.5 percent (to $3.889 million), respectively, while those for large-cabin jets rose by 1.4 percent to $13.595 million.
Turboprop inventory, however, remains tight at 8.6 percent, below the 20-year average of 11.1 percent and the 10.2 percent seen at the start of last year. Prices in this category also made gains over the previous 12 months, rising 6.4 percent to $1.365 million.