According to the latest AI2 Market Report from Asset Insight, covering Q4 2021, the pre-owned business aircraft market exceeded market records for the quarter and the calendar year.
The company noted “impressive transaction rates and values that, at times, significantly exceeded ask prices”, and that the 2021 pre-owned for-sale inventory closed 54% lower than at the end of 2020. The Q4 AI2 Market Report covers 134 fixed-wing models and 884 aircraft listed for sale.
All aircraft groups posted record high demand in the time period, the firm added. Asset Insight said that the average posted prices for the limited, ageing fleet decreased to a “record low figure”, while younger, low-time aircraft sold quickly through 2021, and especially in Q4, often transacting without being advertised for sale, and many times with “aggressive bidding wars”.
“21 months into the pandemic, business aviation continues to prove its value in the business world, globally,” said Tony Kioussis, president of Asset Insight. “Companies with staying power through the pandemic rely heavily on their business aircraft, with the industry expanding and the market reflecting the critical nature of this important equipment to businesses in all industries.”