More than $5.4 billion in preowned aircraft sales were handled through the International Aircraft Dealers Association’s (IADA) Aircraft Exchange website in its first year of operation, the aircraft brokers' group announced yesterday. Since the site’s launch on Feb. 1, 2019, sales of 615 aircraft—an average of about 1.7 aircraft per day—listed on the site have been recorded.

“The sales of previously owned aircraft have exceeded our expectations for a startup website, and the momentum is building,” said IADA executive director Wayne Starling. “In just the past five months, nearly 400 aircraft worth $3.8 billion listed on our site changed hands.”

On average, more than 500 aircraft—jets, turboprops, pistons, and helicopters—are listed for sale on the website. Only IADA-accredited dealers are permitted to list an aircraft on the site. Aircraft data presented on the website is overseen for accuracy through a contract with aviation industry researcher Diane Levine-Wilson.