Q4 2024 Market Report Show Rise In Sales, Robust Confidence

The International Aircraft Dealers Association (IADA) said 2024 concluded with an increase in business aircraft sales and an optimistic forecast for 2025, as detailed in the association’s Fourth Quarter 2024 Market Report. Dealers closed 1,559 transactions during the year with 562 finalized in the fourth quarter alone.

Phil Winters, IADA Chairman and Vice President of Aircraft Sales and Charter Management at Greenwich AeroGroup and Western Aircraft said, “Our fourth quarter 2024 perception survey indicates that members are entering 2025 with a collective sense of optimism. 

“Expectations are high that the incoming U.S. Administration and Congress will enact policies favoring business growth and opportunity. This optimism is reflected in the anticipated strong demand for preowned aircraft across all size categories, supported by relatively stable prices, values, and additional inventory,” he added.

Lou Seno, IADA Executive Director said, “With post-election clarity in the U.S., market confidence has strengthened, leading to healthy sales projections and optimistic financial forecasts. IADA dealers handle over 50% of global preowned business aircraft transactions, cementing our members' position as authoritative transaction leaders that define the market.”

Some highlights from the report:

New Acquisition Agreements:

• 130 new agreements were signed in the last 90 days of the year, a 3% increase from 2023.
• 1,176 new agreements signed for the full year, a 39% increase from 2023.

Deal Volume:

• Q4 Closed Deals increased 49% over Q3 and slightly exceeded the 2023 number.
• Full-year total of 1,559 closed deals, up 10% year-over-year from the 1,421 reported in 2023.

Online Market Growth:

• Leads generated through Aircraft Exchange, IADA’s exclusive online marketplace grew 34% year over year in 2024.

FMI:  iada.aero/