JETNET Releases 2024 Pre-Owned Industry Plane Marketplace Efficiency Evaluation
Insights and updates

JETNET Releases 2024 Pre-Owned Industry Plane Marketplace Efficiency Evaluation


“The 2024 pre-owned business aircraft market demonstrated significant supply-side growth, with inventory levels rising sharply across all segments,” stated Paul Cardarelli, Vice President of Gross sales at JETNET. “While pricing trends varied, the market remained resilient, and strong Q4 sales activity underscored continued buyer demand.”

Stock Expansion Alerts Sturdy Provide Developments
Right through 2024, the pre-owned industry airplane marketplace noticed vital will increase in to be had stock. Industry jet stock surged by way of 24%, attaining a top of two,016 devices on the market in November earlier than ultimate the yr at 1,851 devices. In a similar way, industry turboprop stock larger by way of 22%, peaking at 822 devices earlier than settling at 779 devices by way of year-end. This upward development highlights a yr of sturdy supply-side enlargement throughout all marketplace sections.

Marketplace Pricing Developments Display Balance and Shifts
Pricing developments throughout other airplane sections various during the yr:

  • Bright Jets maintained a mean asking value of roughly $3.0M.
  • Massive Jets skilled an 11% value build up, attaining $14.6M.
  • Mid-Dimension Jets noticed a 13% abatement, ultimate the yr at $4.75M.
  • Turboprops skilled a negligible dip of one.9%, averaging $2.153M.

Gross sales Job Displays Marketplace Changes
The pre-owned industry airplane marketplace skilled shifts in gross sales job, with:

  • Simply over 2,300 jets bought, reflecting a 4.2% year-over-year (YoY) trim (roughly 100 fewer devices bought).
  • 1,168 turboprop gross sales, marking a 6% YoY abatement.
  • Gross sales cycle occasions for jets decreased to 207 days, unwell from 265 days in pre-pandemic 2019.
  • Turboprop gross sales cycle occasions fell to 190 days, in comparison to 279 days in 2019.
  • This fall gross sales surged, accounting for 33% of overall annual industry jet transactions.

Marketplace Evolution and Purchaser Personal tastes
Put up-pandemic developments proceed to environment the industry jet marketplace. Regardless of a clever build up in to be had stock, the share of the in-service fleet on the market remained at supplier’s marketplace ranges, ultimate the yr at roughly 7% for jets and 5% for turboprops. As cycle occasions snip and stock expands, Cardarelli famous that, “buyers are increasingly prioritizing newer, well-maintained aircraft enrolled in engine programs.”

Because the marketplace continues to conform, JETNET left-overs dedicated to offering industry-leading fleet and marketplace knowledge answers to support flight pros keep forward in 2025.

View the full 2024 Pre-Owned Business Aircraft Market Performance Report.

About JETNET
As a main supplier of marketplace analysis and knowledge for the worldwide flight marketplace, JETNET delivers complete and significance insights to consumers international. JETNET is the terminating supply of fastened wing and helicopter fleet knowledge, together with transaction knowledge, marketplace knowledge, flying knowledge and analytics, and {industry} forecasts. Headquartered in Utica, NY, JETNET trade in complete, user-friendly airplane and flying knowledge by way of APIs and real-time internet packages.

For info on JETNET and our unique services and products, talk over with www.jetnet.com or touch Paul Cardarelli, JETNET Vice President of Gross sales, at 800.553.8638 (USA) or [email protected], or Karim Derbala, JETNET Managing Director of International Gross sales at +41 (0) 43.243.7056 (Europe) or [email protected].

Media Touch:
Justine Strzepek
[email protected]

SOURCE JETNET



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