Kerry Lynch stepped into the role of editor of the&nbsp;Aviation International News&nbsp;monthly magazine in May 2022 after serving with&nbsp;AIN&nbsp;for eight years. She joined&nbsp;AIN&nbsp;in December 2014 as a senior editor covering Washington and business aviation news. She has also served on Convention News teams, including as editor of&nbsp;HAI Convention News. Lynch previously spent 25 years with Aviation Week. During her time there, she reported for and later steered&nbsp;The Weekly of Business Aviation, oversaw business aviation content on the&nbsp;Aviation Week Intelligence Network, served on the&nbsp;Show News&nbsp;staff, and held roles as the Washington columnist for&nbsp;Business &amp; Commercial Aviation&nbsp;and&nbsp;Overhaul &amp; Maintenance&nbsp;monthly magazines. In 2021 she was honored with the National Business Aviation Association Platinum Wing Award for lifetime achievement in journalism and was the 2004 recipient of the National Air Transportation Association’s Aviation Journalism Excellence Award. She also has been a recipient of an Aerospace Media Award for business aviation (2022) and NBAA Gold Wing Award (2003, 2024). Lynch graduated from The Ohio State University with a bachelor of arts in journalism.

Editor, AIN monthly magazine

Kerry Lynch

The number of preowned business jets for sale this month is down 54 percent from a year ago and the young inventory—those less than seven years—dropped 59 percent, according to analyst Jefferies. Overall, 2.3 percent of the fleet is available for sale, while average pricing is up 16 percent year-over-year.

 


Using Amstat figures, Jefferies reported that the decline in available inventory is across all aircraft categories but led by midsize jets, which are 60 percent below that of April 2021. Light and large-cabin jet inventories declined 51 percent and 52 percent, respectively, over the same period.

 


While sharply down from a year ago, the available inventory this month leveled off from March overall, Jefferies said. Some 580 aircraft are available for sale this month, according to the latest figures. This compares with 578 units last month and 1,270 in April 2021.

 


Broken down by OEM, Dassault inventory experienced the sharpest decline, down 76 percent with 12 units for sale, representing just 1.3 percent of the active Falcon fleet.&nbsp;This compares with 5.4 percent from a year ago.

 


The active Embraer fleet saw a 65 percent year-over-year decline in availability with 1.5 percent for sale, which Jefferies said is being led by Phenom inventory. Bombardier inventory slid 59 percent from April 2021 with 39 units for sale. Challenger availability is down 71 percent and Globals 61 percent. No preowned Global 7500s are for currently up for sale.

 


Gulfstream inventory dropped 56 percent year-over-year, to 28 units, with availability down from 3.4 percent in April 2021 to 1.5 percent this month. G550 availability slid by 18 units. As an aside, Jefferies also cited Amstat figures showing Gulfstream has produced the first 12 G700s, half of which ostensibly are customer bound, with six as test articles. The model is set to enter service later this year.

 


Cessna Citation inventory, meanwhile, is down 54 percent year-over-year, to 67 units, with the XLS/XLS+ declining by 19 units. This available inventory represents 1.7 percent of the active fleet.

 


As for pricing of preowned aircraft, the average for Gulfstream models is up 23 percent, to $23.6 million, led by a 119 percent increase for the G550. G650s carry an average price of $52 million, nearing the $67 million list price of new.

 


Bombardier prices are up 22 percent, to $13.5 million, led by a 43 percent jump for Challengers. This offsets a 25 percent dip in used Learjet pricing. Average list prices for preowned Cessna Citations are up 19 percent, to $4.3 million, Embraer pricing is up 16 percent, to $10.7 million, and Dassault pricing edged up 2 percent year-over-year.

Jefferies: Preowned Bizjet Inventory Drops 54% YOY

While preowned available inventory flattened from March, it is down 54 percent from April 2021, according to Jefferies citing Amstat data.

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