The median value of business jets across all size categories continued to rise year-over-year, according to Amstat’s quarterly report and estimates from analyst Jeffries. Large-cabin jet valuations increased 32 percent over the past 12 months, while super-midsize and light jets each climbed 46 percent in the same period. Year-over-year midsize jet and turboprop valuations also rose by 34 percent.

At the same time, the number of preowned business jet transactions was mixed. Preowned large-cabin and super-midsize jet transactions rose 7 percent and 10 percent year-over-year, respectively. However, transactions in the same period fell by 11 percent for midsize jets and by 9 percent for both light jets and turboprops.

In terms of utilization, charter and fractional activity continues to increase from a year ago, according to Jeffries and Amstat. Part 91 flying, which was about 40 percent below 2019 levels last year, has likely increased year-to-date but is still trailing 2019 levels by 15 to 20 percent, according to Jefferies.