Aircraft broker Jetcraft is predicting that preowned business jet transactions will dip slightly this year and then rise at a 3.6 percent compound annual growth rate until year-end 2026, according to its Five-Year Pre-Owned Business Jet Market Forecast, released today. “This year’s report predicts that, after stabilizing in the wake of a post-Covid surge, preowned transactions should maintain their new higher base and growth rates, reaching 10,921 transactions valued at $66.6B over the forecast period,” said Jetcraft CEO Chad Anderson.

Last year’s preowned jet transactions reached a record value of $14.5 billion, a nearly 40 percent increase from 2020, primarily driven by midsize and large-cabin jet purchases, the company said. Despite an equally strong performance earlier this year, Jetcraft expects the market to soften, with normal depreciation levels resuming in 2023. 

Jetcraft identified international growth areas in the report, noting that the ultra-high-net-worth population in Asia-Pacific—a region that prefers large-cabin jets—is set to increase by 33 percent over the next five years. The study reports that the share of preowned jet buyers under 45 has risen by 20 percent since 2017.

Its report also predicts a much more rational market over the next five years versus the 2004 to 2008 boom, with average purchase prices returning to pre-pandemic levels by 2027.