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January 22, 2023

2022 Sees 2% Increase in Business Aircraft Sales

IADA Report Shows Recovering Industry, But Expects Stabilization

The business aircraft market continued its recovery in 2022, according to this year's International Aircraft Dealers Association (IADA) report. IADA accredited dealers and certified brokers reported 1,399 used aircraft sales, accounting for $9.3 billion throughout 2022. That makes for an average transaction around $8 million a piece. IADA notes once again that December turned out surprisingly busy (perhaps aided by those year-end tax break necessities), with 259 resales reported. That's double the average monthly volume, and 4 more than 2021's December total.

400+ Jets Gain ATG Internet Option

SmartSky Networks announced the completion of an STC for the installation of their flagship hardware system on the Dassault Falcon 900 series aircraft. The inflight air-to-ground (ATG) system provides high-speed internet in flight, retaining uninterrupted connection with a network of distributed towers from takeoff to landing. The perennially popular Falcon 900 series joins the expansive list of Smartsky-ready aircraft, paving the way for 400 operators to provide in-flight connectivity to their passengers.