Preowned Biz Aircraft Market Saw Bumpy End To 2019

Demand across the for-sale business aircraft fleet fell 28 percent in 2019 but the jet segment appears to be on the rebound in early 2020, according to Asset Insight’s Year End 2019 AI2 Market Report. The report also noted that year-over-year ask prices decreased for all market segments except for medium jets, which showed an 11 percent increase.

“However, the quality of the for-sale fleet remains very good, and the gap in buyers’ and sellers’ expectations for pricing appears to be closing (on average), all boding well for the preowned business aircraft market in 2020,” the report said. Analyzing values for every production year of every modern make and model of business-class aircraft, the report also provides maintenance analytics for 96 fixed-wing models and 1,748 aircraft listed for sale.

Despite a decrease in average selling prices in most market segments at the end of 2019, Asset Insight’s 90-Day Value eTrend forecast indicates it will slow in the first quarter of 2020. The exception, however, is the turboprop market, where the price decline is expected to slightly accelerate in the quarter.

“Each segment over the last 12 months varied drastically in their strengths and weaknesses,” said Asset Insight president Tony Kioussis. “Buyers and sellers must have a good understanding of the comparable aircraft in their market and an in-depth comprehension of an aircraft they are considering for purchase or for one they are selling.”