Business aircraft buyers are already looking ahead to 2024. (12/01/2023)
There are so many signs that it’s that time of year. Fireplace chimneys smoking, commercials on television playing Christmas music, and department stores setting up the Santa area for kids to whisper in Santa’s ear what they hope to have under the tree on Christmas morning.
From my vantage point, I can almost see the new year by the drop-off of calls from people who are trying to capture a year-end business aircraft transaction. Sure, I am still getting some—even as recently as last Friday—looking for an opportunity. But most people are now thinking about next year rather than this year.
2023 has been a very good year on many fronts. The transactions have been less frenzied, and the balance in our market seems to be returning. Inventory levels are increasing, signaling the balance is here to stay—for a while. And days on the market are lengthening.