Asian Sky Quarterly 2022 Q1
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
GLOBAL BUSINESS AVIATION MARKET UPDATE<br />
FOR SALE INVENTORY<br />
Aircraft Listed for Sale<br />
2,206<br />
1,843<br />
2020 2021<br />
xi<br />
The number of aircraft listed for sale started to decline in late 2020<br />
as owners held onto their business jets during COVID-19. That trend<br />
continued throughout 2021, with listings 16.5 percent lower than<br />
in 2020. In 2020, the average number of aircraft listed for sale per<br />
week was 45 and that declined to 35.4 in 2021. There is growing<br />
evidence that many pre-owned aircraft are being sold prior to being<br />
listed, meaning transactions can continue despite low listings and<br />
inventory. Listings may remain low until new deliveries begin to pick<br />
up, driving owners to market current aircraft once they take delivery<br />
of new aircraft.<br />
Percent of Business Jet Fleet for Sale<br />
Total<br />
0-12 Years<br />
13+ Years<br />
14.0%<br />
12.0%<br />
10.0%<br />
8.0%<br />
6.0%<br />
4.0%<br />
2.0%<br />
0.0%<br />
Q4 2019 <strong>Q1</strong> 2020 Q2 2020 Q3 2020 Q4 2020 <strong>Q1</strong> 2021 Q2 2021 Q3 2021 Q4 2021<br />
xii<br />
Strong pre-owned transactions and fewer aircraft listings led to<br />
declining business jet inventory in 2021. At the end of the year,<br />
inventory stood at 3.7 percent of the total fleet – lower than at<br />
any time during the last two years and representing an all-time<br />
low. Furthermore, inventory of aircraft younger than 13 years old<br />
(typically seen as more desirable) was only 1.9 percent of the<br />
global fleet.<br />
54 | ASIAN SKY QUARTERLY — FIRST QUARTER <strong>2022</strong>
Change language