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Wed, Apr 19, 2023

Aero-News: Quote of the Day (04.19.23)

Aero-News: Quote of the Day

ANN's Quote of the Day usually derives from current news, though we reserve the right to pick quotes out of history that have a bearing on the day's events and issues.

Sometimes, you'll find them timely and in keeping with the content of the day's news... and sometimes, they'll just be thought-provoking.

Reader suggestions and comments are welcome... and if particularly intriguing, timely, or poignant, may themselves become future Quotes of the Day.

Let us hear from you, folks!

Aero-News Quote of the Day

“Although pre-owned inventory levels have begun to slowly replenish, most OEMs have grown their order backlogs to represent more than two years of production and they are straining to accelerate deliveries in the face of slowly recovering supply chains. Our organization foresees a continuation of relatively tight market conditions through 2023, driven by customers who cannot or will not wait two or more years to receive their next aircraft.”

Source: IADA executive director Wayne Starling, reporting that in its First Quarter 2023 Market Report that a global survey of its members occasioned a more optimistic six-month outlook for the pre-owned business aircraft marketplace than was anticipated in the fourth-quarter of 2022.

FMI: www.iada.aero, https://aircraftexchange.com/

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