Dealers accredited by the International Aircraft Dealers Association (IADA) reported an uptick in preowned business airplane sales for the months of June and July compared with April and May, the organization announced today. In all, dealers completed 177 sales transactions for the June-July period versus 100 in April-May.
Additionally, the number of aircraft sales that fell apart decreased from 38 in April-May to 27 in June-July. “Our dealers reported exceptionally brisk activity in June and July after a protracted period in March, April, and May where the deals were much harder to put together,” said IADA executive director Wayne Starling. “IADA dealers also experienced a reduced percentage of deals where lowered prices were integral to completing the deal.”
During the June-July period, IADA-accredited dealers reported a total of 19 new commitments to purchase aircraft and 52 acquisition agreements. Over the past four months, IADA-accredited dealers were retained to sell 217 aircraft.