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.

Wheels Up adds whole aircraft sales unit

Wheels Up appoints Bergeson COO

Wheels Up Aircraft Sales enables the private aviation provider to offer one-stop shopping

Jet sharing, empty legs, on-demand charter, fixed-rate jet cards, aircraft management, MRO services, and now full aircraft sales brokering are under the Wheels Up brand

With a powerful digital presence and brand recognition only matched by market leader NetJets, Wheels Up is once again showing it intends to be a driving force in private aviation.

This morning’s announcement of Wheels Up Aircraft Sales puts the company into aircraft brokerage, acquisition, trade, and advisory services.

Used Private Jet brokers positive as sales hold to 50% of pre-COVID-19 levels

Pre-owned private jet cost

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.

Jetcraft projects new and used private jet sales to reach $30 billion per year by 2023

used private jet prices

Despite the seemingly rosy forecast, figures underline how the industry has now struggled through a decade of tepid recovery

Private jet broker Jetcraft has released new research predicting 11,765 pre-owned transactions over the next five years, equating to $61 billion in value, and 3,444 new deliveries, representing $90.5 billion. By 2023, the total market for used and new deliveries will exceed $30 billion annually. Pre-owned business aircraft transactions are expected to outpace those of new deliveries four to one.

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