Following the abrupt pandemic-induced plunge in preowned\naircraft sales in March 2020, members of the International Aircraft Dealers\nAssociation (IADA) experienced a rising wave of transactions, highlighted by a\nfourth quarter surge of 554 closed deals.<\/p>\n\n\n\n
IADA began tracking sales metrics in April on a monthly\nbasis as a result of the volatile used aircraft sales transactions caused by\nthe impact on the economy from the COVID-19 contagion. Representing the top\nseven percent of the world\u2019s aircraft dealers, IADA is generally responsible\nfor 40 percent of preowned aircraft sales. <\/p>\n\n\n\n
Over 1000 Deals Post-COVID-19 Plunge<\/strong><\/p>\n\n\n\n \u201cIn total, IADA dealers accounted for 1011 transactions in\nthe April-December time period, not counting preowned aircraft sales handled by\nour OEM members,\u201d said IADA Executive Director Wayne Starling. \u201cOur dealers\nregistered 285 sales in December alone, by far the most active month of the\nyear and double any other COVID-19 impacted month.\u201d<\/p>\n\n\n\n Looking towards 2021, IADA dealers ended the year by putting\nanother 74 aircraft \u201cunder contract\u201d in December. Strikingly, dealers reported\nthat only 36 of the 554 transactions closed in the fourth quarter involved\nlowered prices. Marking a return to stabilized prices, that contrasts with 45\ndeals that involved aircraft with lowered prices on sales of 174 aircraft in\nthe second quarter, as the industry began recovery from the unprecedented\nplunge in activity during March.<\/p>\n\n\n\n \u201cWhile it is way too early to say the industry has rebounded\ncompletely, as the pandemic is still raging, the activity in the preowned\naircraft marketplace is certainly trending upwards across all of our dealers,\u201d\nStarling said.<\/p>\n\n\n\n AircraftExchange Marketing Arm Active Despite Pandemic<\/strong><\/p>\n\n\n\n The organization\u2019s marketing arm, www.AircraftExchange.com,\nhandled 638 transactions for aircraft that were listed exclusively by IADA\ndealers, worth more than $5 billion during the year of of 2020. This occurred\ndespite the most volatile sales environment in the aviation industry\u2019s history\ndue to the ongoing pandemic. Today, the organization exclusively lists more\nthan 500 business aircraft for sale on its site. The aircraft range from\nturboprops to VVIP long range business jets.<\/p>\n","protected":false},"excerpt":{"rendered":" Following the abrupt pandemic-induced plunge in preowned aircraft sales in March 2020, members of the International Aircraft Dealers Association (IADA) experienced a rising wave of transactions, highlighted by a fourth quarter surge of 554 closed deals. IADA began tracking sales metrics in April on a monthly basis as a result of the volatile used aircraft […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[114],"tags":[],"class_list":["post-17366","post","type-post","status-publish","format-standard","hentry","category-international-news"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/posts\/17366","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/comments?post=17366"}],"version-history":[{"count":1,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/posts\/17366\/revisions"}],"predecessor-version":[{"id":17367,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/posts\/17366\/revisions\/17367"}],"wp:attachment":[{"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/media?parent=17366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/categories?post=17366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/tags?post=17366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}