12,261 pre-owned transactions representing $57.2B in revenue forecast over the next five years Jetcraft, the world leader in business jet sales and acquisitions, is releasing its 5-Year Pre-Owned
IADA report: ‘Strongest areas of increase in light and midsize jet’ sales
Yuvan Kumar
26th April 2021, 1:18
Sales of light and midsize jets will show the strongest growth over the next six months, according to a new report from the International Aircraft Dealers Association (IADA).
IADA brokers predicted how the different sizes of pre-owned aircraft would perform on a scale of ‘significant decrease’ (from 0-0.9) to ‘significant increase’ (from 4-5).
Respondents indicate a
“better than normal” market conditions both in the fourth quarter of 2020 and the first quarter of 2021.
The report also showed that IADA Accredited Dealers closed 211 pre-owned aircraft sales transactions in the first quarter of 2021. Another 246 aircraft are expected to close in the next few months.
Engines big enough to transport them to far-flung destinations By Annabelle Spranklen
So, what should new buyers be aware of before purchasing a new or pre-owned private jet? Jahid Fazal-Karim shares his top tips below.
A model walking around the front of a white Mercedes sedan car parked on the New Jersey Teterboro Airport tarmac with a Lear jet in the background, Vogue 1972
Bob Stone / Conde Nast via Getty Images
It may sound self-serving, but the best tip I can give is to work with a trusted advisor. Most new buyers will admit that an aircraft purchase is much different than purchasing real estate, a car or any other large-scale asset, and having an expert to guide you through the process from start to finish, from the letter of intent (LOI) to delivery, is critical.
Why young billionaires want bigger jets than ever in 2021
Larger jets capable of non-stop transatlantic hops, and superyachts customised for daring adventures are more popular than ever
A cabin interior by Winch Design
Credit: Winch Media
A year into the pandemic, many uncertainties remain but what seems clear is that the ultra-rich are still investing in private jets and superyachts with pre-Covid vim.
While some corporate buyers are scaling back aircraft use, younger, ultra-high-net-worth individuals are increasingly splashing out on larger, long-range aircraft capable of transcontinental travel without the need for fuel stops, according to Jetcraft, an international leader in private jet sales.