The pre-owned business aircraft marketplace is ‘rebalancing’ after the recent explosive demand, which was likened to a ‘feeding frenzy’. This was the conclusion of the First Quarter 2023 Market Report produced by the International Aircraft Dealers Association (IADA). According to the report, IADA members closed 239 business aircraft transactions in Q1 2023, compared to 288 in the same period in 2022 and 213 in 2021.

Underlining the report’s conclusions is the market’s ‘return’ to normality – inventory levels are being replenished, while valuations and pricing might now be described as more ‘rational’. Despite economic jitters surrounding the global banking sector, IADA reports continued interest in buying, selling and operating business aircraft.

The market remains vibrant but has receded from the ‘feeding frenzy’ of 2022, when demand was leaping ahead of available inventory. IADA Chair Zipporah Marmor said: “Although specific low-time aircraft with attractive pedigrees continue to attract top-dollar, the overall market has begun to downshift from a peak characterised by accelerating prices and strong residual values.”