2022 Second Quarter IADA Market Report LIVE Presentation

Jul
3:00pm
2022 Second Quarter IADA Market Report LIVE Presentation

By IADA - International Aircraft Dealers Association
Virtual Press Conference Tomorrow
The complete IADA 2022 Second Quarter Market Report will be presented by IADA’s experts at a virtual press conference tomorrow at 11 a.m. EST. Presenters include:
David Monacell, Partner, CFS Jets; IADA Chair
Phil Winters, VP Aircraft Sales & Charter Management, Western Aircraft; IADA Treasurer
Jim Blessing, President, AirFleet Capital Inc.
Michael Sylvester, SVP Sales, EJM
Michael Amalfitano, President and CEO, Embraer Executive Jets; IADA OEM Board Member
Why Did IADA Create This Report?
IADA began monthly tracking of sales metrics for preowned business aircraft in April 2020 due to the volatile market conditions caused by the pandemic. Transaction volume by member dealers reflects the overall health of the used aircraft market because its dealers buy and sell more aircraft by dollar volume than the rest of the world’s dealers combined. This global impact and breadth of data help to make the IADA Market Report the go-to review of the used business aircraft market. The Second Quarter 2022 IADA Market Report is available prior to the press conference at Aircraft Exchange.
What Are IADA’s Members Saying?
Two key factors inform the report: First is actual sales data supplied by IADA members. IADA dealers submit monthly transaction and activity reports to IADA. Second is the IADA members' market perspective, taken from a survey of the entire IADA membership. Their comments add context to the report:
Chad Anderson – Jetcraft: “Commercial air service has not improved (if anything they have further degraded), the ultra-high net-worth population continues to increase, and fractional/charter company demand continues to stay high. The extra quality supply that comes to market in 2022 will get absorbed creating price stability. But we do not expect continued price increases realized previously in 2021.”
Paul Kirby, QS Partners: “The historically strong charter market continues to fuel light and mid-cabin segments as there are simply not enough airplanes in the fleet to satisfy demand. Until such time as charter demand wanes, those markets are likely to remain strong as operators continue buying aircraft for core fleet.”
“Limited inventory continues to constrain transaction volume in all market segments. Pricing has stabilized in most markets with all but a handful of markets having “peaked” in value late in Q1. The macro-economic uncertainty, combined with rapidly rising inflation and stock market volatility, has created a sense amongst buyers of a looming market correction. This sense is also starting to impact interest levels as buyers believe waiting will result in more favorable pricing.”
Kyle Wagman, Leading Edge Aviation Services: “We have hit a part of the market cycle where things have leveled off, a plateau of sorts. With interest rates rising and buyers that are weary of getting their toes wet in this market, I sense a cool down till fourth quarter.”
Mike Francis, SVB Private Bank: “Outlook seems a bit messy at the moment, as many positive signs are there are negatives. A looming recession, inflation, supply chain issues, and fuel prices are all drags (and there are more). Demand I expect will continue, and even if it falls off a bit, I’d in some ways prefer that as it’ll help the market get back to its normal equilibrium. I’m seeing a lot of potential buyers get turned off to the prospect of buying a jet due to the premium they need to pay and/or the lack of inventory.”
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IADA - International Aircraft Dealers Association