JetAviva is finding a “notable uptick in ‘wait and see’ conversations recently”—reflecting apprehension and uncertainty in the political climate said the pre-owned aircraft sales broker's CEO Emily Deaton in a new market analysis.
Deaton explained that during U.S. Presidential election years this is typical—the private jet market usually sees “three slower quarters followed by a flurry of transactions towards the year's end, once the political dust settles." However, she noted that there is increased unpredictability in this year’s political season.
“Although the percentage of fleet for sale remains healthy and below 10%, suggesting a continued sellers' market, it's essential for sellers to remain strategic,” she said.
Potential interest rate reductions are still possible for 2024, which could also create a favorable environment for aircraft transactions.
“Supply chain constraints and labor shortages continue to affect our industry, which means buyers and sellers who delay decisions until November may find themselves grappling with limited availability for pre-buy inspections, parts, and service timelines,” she added.