Members of the International Aircraft Dealers Association (IADA) sold 211 preowned aircraft in the first quarter of 2021, with another 246 aircraft under contract and expected to close in the next few months, according to the Spring 2021 IADA Market Report.
IADA began tracking preowned sales for business aircraft in April 2020 on a monthly basis as a result of the volatile market conditions caused by the pandemic. Transaction volume by member dealers reflects the overall health of the used aircraft market, because IADA-accredited dealers buy and sell more aircraft by dollar volume than the rest of the world’s dealers combined, association officials say.
Members average more than 700 transactions and $6 billion in sales volume each year, according to officials. They note that members actually registered more than 1,200 global transactions, worth more than $10 billion, in the past 12 month period, from April 1, 2020 to March 31, 2021.
“This IADA data clearly indicates that the aviation industry has proven its resilience through the economic fluctuations brought about by the pandemic, and is now on a trajectory for continued success,” said IADA Executive Director Wayne Starling. “Furthermore, a perception survey of our members indicates they expect the next six months to demonstrate a slight increase in all market conditions, with the strongest areas of increase in the light and mid-sized jet markets.”
The perception survey reflects the opinions of IADA’s entire global network of accredited dealers, certified brokers, major OEMs, and more than 60 of the industry’s leading products and services providers.
During the first quarter of 2021, the IADA Market Report indicated IADA-accredited dealers closed 211 aircraft transactions, had 246 aircraft under contract, and executed 119 acquisition agreements. IADA dealers were exclusively retained to sell 157 aircraft, and transaction prices were lowered on 27 aircraft, while 41 transactions fell apart for one reason or another, which is about average for the previous three quarters, according to association officials.