Worldwide Pre-Owned Transactions in Q1 and Q2
The number of transactions in the first half of 2024 was higher than during the same period of 2023 – a positive sign of market health that we were not expecting. This is across the entire jet market, so some specific aircraft markets have been more active and others significantly less so, but the overall trend is reassuring. Interestingly, the first half of 2024 is about level with the transaction volumes in 2017 and 2018. The overall fleet of jets in service has grown over that point – from 22,930 to 24,435 aircraft. Logically, you would expect the number of transactions to grow in proportion to the size of the overall fleet, but this has not occurred.
Europe Pre-Owned Transasctions in Q1 and Q2
European activity has remained largely consistent over the last few years worth of activity, hovering right around 94 transactions in the first half of 2024. This is in line in with the activity of 2022 – 2023 and 2016-2018 and seems to be reliably around 9-10% of the worldwide number of transactions. The European market has never been the most active, but it is usually steady in terms of deal flow.