1Q24 ended on a buoyant note with an uptick in pre-owned business aircraft sales, according to IADA. Its First Quarter 2024 Market Report also indicates an optimistic outlook for the next six months.

IADA dealers closed 1,422 pre-owned transactions in 2023 compared to 1,399 in 2022. They expect mid-size and larger jet pricing to fall and inventories to rise over the next six months. Supply chains remain problematic.

Aircraft pricing is expected to show slight decreases and supply for sale is predicted to be slightly increased across all categories. Demand projections are stable to slightly decreased for mid and larger size jets.