Only 6.5% of 554 Q4 transactions had a price reduction compared to 26% of 174 Q2 deals
Following a plunge in preowned aircraft sales last March, members of the International Aircraft Dealers Association (IADA) saw a rising wave of used private jet transactions, highlighted by a fourth-quarter surge of 554 closed deals.
A report from the International Aircraft Dealers Association shows pre-owned private jet sales are enjoying a strong rebound
During a VBACE press conference last week, the International Aircraft Dealers Association (IADA) revealed a couple of bright spots coming out of the COVID-19 pandemic.
With 103 closed sales, July saw more pre-owned private jet sales than April and May combined
The rebound or private jet travel is now being mirrored by a rebound in used aircraft sales. According to the International Aircraft Dealers Association (IADA), its members closed 103 deals in July. That compares to 74 transactions in June, 47 in May, and 53 in April.
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66% of private jet dealers are “very optimistic” about the pre-owned private jet market
Despite many new hurdles to complete sales of pre-owned private jets, the International Aircraft Dealers Association confirmed the message of optimism being recently heard from charter brokers and fractional fleet operators.
IADA members, two-thirds who are “very optimistic,” backed up their green shoots dreams with news that from March 27 through April 30 volume was about 50% of normal. There were 53 transactions.
Association of private jet brokers IADA reports 54 used aircraft transactions so far in March despite the Covid-19 Coronavirus crisis
Members of the International Aircraft Dealers Association (IADA) said members completed 54 transactions between for the month as of March 20th. Additionally, there are over 120 aircraft, under contract, subject to closing.
The news comes as the Covid-19 Coronavirus pandemic is playing havoc on the world stock markets with demand for travel in general plummeting.