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Business Aviation Market Intelligence

Global Pre-Owned Market Update

by Asian Sky Team
Global Pre-Owned Market Update 
This article is extracted from the most recent edition of The Asian Sky Quarterly.
To read the full article, please download our Asian Sky Quarterly Q1 2024 Report.

Background on Respondents

AMSTAT has provided an update on the preowned business aircraft market using insights from their Premier+ and Aircraft Valuation Tool services. It is important to note that the data for Q1 2024 is still being collected by AMSTAT, and while most of the transaction information has been gathered, the final count is expected to increase slightly once all data is accounted for. In Q1 2024, there was a 2% decrease in transactions compared to Q1 2023, and the current figures are 11% below the five-year average. The inventory of preowned aircraft has risen by 32% compared to last year and is approaching the 10-year average. With an increased supply and a decrease in demand, the market is experiencing a decline in aircraft values. The median value of business aircraft has decreased by 15% from Q1 2023 and by 9% since the beginning of the year.

Comparing year-over-year figures, the median value of preowned Heavy Jets has decreased by 18%, with a 10% reduction since the beginning of the year. In the first quarter of 2024, Heavy Jet resale retail transactions saw a 4% increase from the first quarter of 2023, surpassing the five-year average for Q1 by 3%. The availability of preowned Heavy Jets has grown by 27% compared to the previous year. Currently, 7% of active Heavy Jets are on the market, which is slightly below the 10-year average of 8%. The preowned Heavy Jet market in Q1 is experiencing robust demand, offering buyers more choices at reduced median values.

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To read the full article, please download our Asian Sky Quarterly Q1 2024 Report.

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