Preowned private jet sales spiked, as prices stabilized in Q4 2020

Pre-owned private jet cost

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. 

Dealers of used private jets are getting busier, according to new data

Pre-owned private jet cost

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.

Young UHNWs and billionaires are powering sales of large private jets

billionaire private jets

Ultra-High Net Worth private aircraft buyers under the age of 50 favor large-cabin private jets by a margin of 31 percentage points

Young Ultra-High Net Worth buyers like it big when it comes to their private jets. That’s according to a just-published market outlook for pre-owned aircraft sales by broker Jetcraft. It found 81% of buyers under 50 take large-cabin private jets compared to just 50% of older customers.

Used Private Jet sales rebound in July

used private jets for sale August 2020

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.

%d bloggers like this: