CJI London on camera: Private jet market ‘holds steady’
There may be a slowdown in the market, but it’s still “holding steady”, according to Wayne Starling, executive director, the International Aircraft Dealers Association (IADA).
Speaking at CJI London 2023 at the Landmark Hotel, Starling told Corporate Jet Investor (CJI): “We’re finding the market right now is still really good, we’re beginning to see some slowdown which moves it back to more of a normal market.”
He added: “But right now, we’re really excited that everything is holding steady.”
Starling also moderated the ‘New vs Pre-Owned’ panel, discussing how Europe, the Middle East and Africa (EMEA) measures up to the rest of the world, and the wait for new aircraft. The rest of the panel was completed by Alex Fecteau, Boeing Business Jets; Hamish Harding, Action Aviation; Zipporah Marmor, ACASS; Fabrice Roger, JSSI; Pascal Bachmann, Jetcraft, and Matt Rosanvallon, Freestream Aircraft.
In January, IADA reported that last year was the strongest year for private jet sales in the history of the association, according to its Fourth Quarter (Q4) Market Report. Starling said that IADA members have “slightly more modest expectations” for the resale market over the next six months compared with a year ago. He added that more moderate projections also applied for the aircraft finance and leasing market.
For more about what was discussed at CJI London 2023, read our report on the conference as it happened here.
