LARGE CABIN AVAILABILITY AND MARKET TRENDS
Inventory levels of large cabin aircraft officially for sale have been steadily increasing for the past 24 months but turned down at the end of the year and is now at 5.8% of the large cabin fleet in February. The market remains positive, interest rates may start falling soon. Armed conflicts across the world plus political risk in the major powers remain a concern. The market continues to be carried by high private jet use, and continued, albeit reduced, US bonus depreciation. It turned from a Buyer's Market to a Seller's Market during the summer of 2021. For the first time since 2008 pre-owned aircraft value curves turned up with a market correction for the past decade's over depreciation of 10% annually. General large cabin available inventory level is at a low level compared to the past ten years. With continued strong demand for private flights and a shortage of late model planes paired with higher inflation rates, the values are expected to remain relatively stable. A market correction is however in the works with a possible turn from a Seller's Market to a Buyer's Market.
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