Main news
While annual business jet resale volume was slightly higher for members of the International Aircraft Dealers Association (IADA) in 2022, aircraft dealers indicate that market conditions are normalizing. In the recently released 2022 Fourth Quarter IADA Market Report, IADA accredited dealers and certified brokers reported 1,399 used aircraft sales transactions closed in 2022, compared to 1,370 in 2021, a two percent increase, and the highest total for IADA members in recent memory.
WINGX’s weekly Business Aviation Bulletin.
Fuelled since 2020 by soaring personal stock portfolios, easy access to low-interest cash and a pandemic-induced desire to avoid public airport cattle stalls, interest in flying privately has soared. However, recent metrics now suggest the white-hot market has begun to cool to a more manageable and sustainable level. Words by Brian Foley.
WINGX’s weekly Business Aviation Bulletin.
The last years have meant unprecedented change for not just our industry, but for people across the globe. A global pandemic, a war in Ukraine and the following energy crisis means that businesses, including Avinode Group, have had to adapt to change.
WINGX’s weekly Business Aviation Bulletin.
On reflection, 2022 has been a challenging year, however charter demand is up and Global Jet expects steady growth in the management segment as new buyers enter the market in search of transparency and service.
WINGX’s weekly Business Aviation Bulletin.
WINGX’s weekly Business Aviation Bulletin.
His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, Chairman of Dubai Airports, Chairman and Chief Executive of Emirates Airline and Group, yesterday opened the much-anticipated MEBAA Show 2022 at Dubai Airshow site (DWC).
Balance Aviation, the exclusive authorized Pilatus Sales and Service Center in Armenia, Azerbaijan, Bulgaria, Cyprus, Georgia, Greece, Uzbekistan, and Kazakhstan, has appointed Pure Technics as the Pilatus Aircraft service center in Kazakhstan. A ceremony celebrating the occasion took place at the service center at Nursultan Nazarbayev International Airport, Astana, on December 1, 2022, attended by representatives of Aviation Administration of Kazakhstan and airport executives.
WINGX’s weekly Business Aviation Bulletin.
Bombardier announced that NetJets, its long-time valued customer and a world leader in private aviation, will become the fleet launch customer for the Global 8000 aircraft.
WINGX’s weekly Business Aviation Bulletin.
The General Aviation Manufacturers Association (GAMA) published the Third Quarter 2022 General Aviation Aircraft Shipment and Billing Report. The aircraft manufacturing industry’s results for the first nine months of 2022, when compared to the same period in 2021, point to increasing aircraft deliveries across all segments along with an increase in the overall value of the aircraft shipments.
WINGX’s weekly Business Aviation Bulletin.
In Q3 2022, the business jet market exhibited strong performance, continuing a trend that began in the second half of 2020. Driven by new users and returning customers, flight operations improved on a year-over-year basis, while demand translated into strong order activity as reported by manufacturers.
Inventory levels for most categories of pre-owned aircraft have maintained a steady rise since January, according to new Sandhills Global aviation industry market reports. The reports, which cover used aircraft in Sandhills marketplaces, also show that despite consecutive months of inventory increases (which often coincide with declining asking values), used aircraft asking values have also shown steady increases.
WINGX’s weekly Business Aviation Bulletin.
WINGX’s weekly Business Aviation Bulletin.