The preowned aircraft market in April 2021 had double the deals of a year ago, when the COVID-19 pandemic effectively shut down the world.
According to the latest figures from the International Aircraft Dealers Association (IADA), dealers accredited by the association closed 106 deals in April 2021, compared to just 53 in April 2020.
The strong April sales performance came on the heels of a first quarter where IADA members registered 211 aircraft sales, marking a return to a pre-pandemic biz jet economy. The group closed the quarter with another 246 aircraft under contract.
“IADA dealers experienced large increases in the most meaningful categories,” said Executive Director Wayne Starling. “Transaction closings doubled, as did acquisition agreements, and our group had more aircraft under contract, with fewer lowered prices or deals that fell apart for one reason or another.”
Comparing April 2020 with April 2021, IADA dealers had a much better month:
- Closed deals rose from 53 to 106
- Acquisition agreements grew from 27 to 57
- Aircraft under contract increased from 60 to 115
- Deals that fell apart shrunk from 31 to 12
- Deals with lowered prices dropped from 36 to three
IADA began tracking preowned sales metrics for business aircraft in April 2020 on a monthly basis as a result of the volatile market conditions caused by the pandemic.