BrokerBeat: Large-cabin jets cooled this summer, raising the stakes for year-end

GlobalAir.com marketplace data · Figures as of Oct. 1, 2026THE PULSE · 2026 YoY (turbine market overall) Sales activity? +11%trailing 12 months vs. prior 12 Listings sold? 74%of resolutions, up from 70% Listings withdrawn? 8% fewerthan the prior 12 months BY SEGMENT · current levels Segment / cabin classActive listingsMonths of supply (change from Aug.)Days on market Very light jet436.8? 0.7119 Light jet1496.5? 0.6125 Midsize jet1006.7? 0.3123 Super-midsize jet879.4? 0.6122 Large-cabin jet1786.0? 0.177 Single turboprop546.2? 0.491 Twin turboprop698.0? 0.9133 Active listings are GlobalAir.com marketplace counts as of Oct. 1, 2026. Months of supply is active listings divided by the selling pace of the trailing twelve months, and the small arrow shows the change from August, restated on this issue's cabin-class basis. Days on market is the median number of days a current listing has been posted.Welcome back to BrokerBeat, GlobalAir.com's exclusive read on the used turbine marketplace. First things first, let's talk about the drag. Indicators continue to point to year-over-year gains getting thinner. While sales on GlobalAir.com over the twelve months through September ran 11 percent ahead of the prior year (slightly less than last month's report), the third quarter as a whole came in about 11 percent behind the same stretch of 2025.Large-cabin jets, the class that led the past year's gains, sold about 25 percent fewer aircraft from July through September than a year earlier, and account for more than two-thirds of the quarter's shortfall. Ironically, last month's drag on the sales numbers, twin turboprops, shed listings and tightened. Overall, sellers across the turbine market withdrew fewer aircraft than they did a year ago.Deal flowSeptember's provisional read improved on July and August's performance with large-cabin sales recovering to roughly last September's level. But that recovery is about to become much more challenging as October through December 2025 was the strongest stretch in the past two years of data. December 2025 alone ran 75 percent above the 2025 monthly average. December traditionally is make or break time for tax motivated purchases but there is still a lot of ground that will need to be made up. TURBINE ACTIVITY INDEX (monthly turbine sales, 2025 average = 100) 100 ONDJFMAMJJASONDJFMAMJJAS 107107129100838379956289988912911917511477941018997758387 202420252026 Reported Provisional 2025 average (100) Monthly turbine sales indexed to the 2025 average. August and September are provisional while late-reported sales come in.A new report from the International Aircraft Dealers Association (IADA), of which GlobalAir.com is a Products and Services member, saw strong H1 2026 signals from the dealer side, reporting that its accredited dealers closed 746 deals, up 21 percent from a year earlier, with 397 closings in the second quarter against 300 in the second quarter of 2025. GlobalAir.com corroborated those second-quarter turbine sales results which ran 21 percent ahead of 2025 as well."Premium listings, particularly late-model super midsize and large-cabin aircraft, demand remains extremely strong. These aircraft are often receiving multiple offers shortly after becoming available, and in some cases, we've received offers above asking price due to competitive bidding between motivated buyers."Randall Mize, Leviate Air Group, IADA Accredited DealerIADA's figures don't tell the entire story as their reporting ran through June, so the summer slowdown is just outside of the period it measured. Dealers disagree on where Q4 sales are headed. IADA Executive Director Louis Seno expects a busy year-end tax push, but Chris Meisner of Meisner Aviation, responding to the group's survey, sees less of a rush."Strong demand will continue through October, but Q4 will see less of a year-end rush due to labor shortages, parts delays, and limited pre-buy availability."Chris Meisner, Meisner Aviation, IADA Accredited DealerConversion and withdrawalsSellers continue to connect with buyers this past year. Of the listings that reached a genuine resolution over the past twelve months, 74 percent ended in a sale, up from 70 percent in the prior twelve. The pace continued into September which maintained the status quo at 74 percent. Broken down into segments; jets sold at a rate of 74 percent, single-engine turboprops 77 and twin turboprops 68.Listing withdrawals followed a similar pace as sellers withdrew 8 percent fewer turbine listings over the trailing year than in the year before. The third quarter ran 27 percent below the same quarter of 2025. Overall, fewer aircraft left the market in the third quarter, whether by sale or withdrawal.Months of supplyActive listings fell in every jet class except large-cabin, as supply tightened across most of the market even as sales slowed. But before we go any deeper, a little housekeeping: BrokerBeat now applies the GlobalAir.com cabin-class convention strictly, which places legacy Citations such as the Bravo, Ultra and Encore with light jets, and the August comparisons are revised on the same basis, with every segment's selling pace measured over the twelve months ending in August.Starting from the bottom and working our way up: single-engine turboprop supply for September ran at 6.2 months, loosened from 5.8, as listings rose to 54 from 50. Last month's slowest segment, twin turboprops, turned the narrative around: supply reduced to 8.0 months from 8.9, as listings fell to 69 from 77, and their sales over the trailing year ran 16 percent ahead of the year before.Large-cabin jet supply stays tight with 6.0 months of inventory, and with single-engine turboprops loosening, they now hold the shortest supply of any turbine segment. The soft spot among jets remains super-midsize, at 9.4 months, with two legacy types in particular dragging down the numbers: Gulfstream G200s and Falcon 50-series jets that make up 50 of the class's 87 listings. That group has a median of 204 days on the market, with 56 percent of inventory posted for more than six months, and roughly two years of supply at its current selling pace. The rest of the class, from the Challenger 300 and 350 to the G280, Praetor 600 and Longitude, carries about five months of supply and a 77-day median on the market (same as large-cabin). Midsize, at 6.7 months, runs similar to the light classes.Time on the marketDays on market held at the top and moved at the edges versus August. Large-cabin jets are still turning fastest among jets at a 77-day median, twin turboprops remain the slowest turbine segment at 133 days, down from 145. Single turboprops now sit at a 91-day median, up from 83. Very light jets have the most dramatic uptick, moving up to 119 days from 94, as the class's listing count fell to 43 from 48 and the remaining listings aged. Across the turbine market, a third of the listings have been posted for more than 180 days.Asking pricesPrice transparency remains thin at the top: 18 percent of large-cabin jets list an asking price on GlobalAir.com while 31 percent of all turbine listings do. Among listings that post a price (reflecting a bias towards the bottom end of the market), the median jet asks $3.6 million, the median single-engine turboprop $2.65 million and the median twin turboprop $1.3 million.Dealer reporting gives us a better read on movement with IADA's accredited dealers logging 67 price reductions in the first half of 2026, down from 76 a year earlier. The report does not break the count out by segment.What buyers are asking forIn the third quarter, large-cabin sales fell about 25 percent year over year. At the same time, large-cabin jets drew the largest share of Aircraft Wanted buyer requests through GlobalAir.com's BrokerNet broadcast service: 37 percent of the 107 sent from July through September. Yet, the number of large-cabin listings didn't shrink, so neither fading demand nor thinning inventory explains the data on its own. Buyers within this class may be holding back, or looking for particular models and specs that aren't on the marketplace.LARGE-CABIN JETS (share of buyer requests, sales and listings, Q3 2026) Aircraft Wanted requests (107) Sales, Q3 (238) Active listings (680) 37%25%26%63%75%74%Large-cabin jetsAll other turbine classes (jets and turboprops) Source: BrokerNet Aircraft Wanted broadcasts, July 1 to Sept. 30, 2026 (turbine only); GlobalAir.com sales and active listings.Who cleared inventoryIntent is a great signal, but metal that actually moved is still the best. Sales counts are harder to argue with, even with September still provisional. When viewed through the OEM lens, Cessna led turbine sales in September with 22, followed by Gulfstream at 17 and Bombardier at 13. Gulfstream's count nearly tripled from six in August, driven by the month's large-cabin rebound after a soft July and August.Broker Leaderboard MOVERS OF THE MONTH · turbine aircraft sold, trailing 90 days1. International Aircraft Marketing andamp; Sales182. Guardian Jet15T-3. Avpro10T-3. Jetcraft10T-5. Aerista7T-5. CFS Jets7 FRESHEST BOOKGuardian Jet added 12 new turbine listings in September, more than double the next firm, Jetcraft, at five.MOST WANTEDA 2018 Gulfstream G550 listed by AzureJet drew 1.84 times the September average engagement for large-cabin listings on BrokerNet. Trailing 90 days, July 2 to September 30, 2026. Turbine for-sale listings only, ranked by firm; OEM and auction sellers excluded. Engagement is clicks per BrokerNet broadcast relative to the listing's class. GlobalAir.com marketplace activity, not audited transactions. Brokers who prefer not to be named can opt out.On the Horizon · CommentaryNew sales feed used sales, and a glance upstream is never a bad idea for those planning for next year. Gulfstream's G300 is the program to watch in super-midsize. Gulfstream unveiled the jet in October 2025 as the replacement for the G280, quoting up to 3,600 nm of range at Mach 0.80, with entry into service targeted for 2027. The G280 is already a fast mover, with 20 sales over the past twelve months. There are six active listings on GlobalAir.com, which works out to about 3.6 months of supply, tighter than any turbine segment. Once G300 deliveries begin, late-model G280 trade-ins could further erode the share of G200s and Falcon 50s being sold that have a median model year of 2002.Buyers holding out for a clean-sheet light/mid-sized jet will need to show some patience. Honda Aircraft said in September that the Echelon program has been delayed due to supplier challenges and is projected to enter service in 2031, three years later than planned. The existing light jet inventory, at 6.5 months of supply, remains status quo for the foreseeable future. In single-engine turboprops, Beechcraft's Denali is a lot closer to creating a ripple. While its entry into service projection has slipped to 2027, flight testing is slated to conclude this month and the FAA certification filing to follow, according to AIN. The segment's benchmark, the Pilatus PC-12, continues to move on GlobalAir.com with 17 listings at a lightning fast median of 29 days on the market.Market impactThe fourth quarter is truly the one to watch this year. Last year's surge raised the bar to the strongest stretch in two years of data. The large-cabin class behind that spike still has the tightest supply at the trailing-year pace, with Aircraft Wanted ads continuing to lean heavily toward large-cabin jets. Whether buyers held back or couldn't find the right aircraft is unresolved, and catching up to 2025 may have to rely on other cabin classes carrying the load.Dealers polled by IADA lean toward the thin-supply reading. Almost two-thirds of second-quarter respondents expected prices in IADA's Large Jet+ category to rise over the next six months, as they expect supply to tighten most in that category. Those are survey expectations. However, IADA's own summary looks for OEM deliveries to pick up the slack, with a softening on the horizon, likely in early 2027.One dealer working long-range aircraft expects supply to tighten even further."As we enter Q4, we're seeing high demand for pre-owned long-range business aircraft and we predict it's going to get even tighter. The pressure on supply results partially from OEM backlogs and long wait times for new aircraft. So, some buyers are starting to look much more favorably at late model pre-owned aircraft and that's limiting supply while driving up prices… We don't see a reversal of the current trends of decreasing supply and rising prices and that's why we're advising our clients to buy now."Ben Shirazi, president, SmartJetsBrowse current turbine listings on GlobalAir.com.-Method and notesBrokerBeat is built from GlobalAir.com's own marketplace data. Sales, withdrawals, conversion and the Activity Index come from GlobalAir.com listing-removal records, the reason a seller or broker gives when a listing comes down, covering October 2024 through September 2026. The trailing twelve months run October 2025 through September 2026 and are compared with October 2024 through September 2025. Active listings, months of supply, days on market and asking prices come from the GlobalAir.com marketplace as of October 1, 2026, cross-checked against the public category counts. Buyer-request figures count Aircraft Wanted broadcasts sent through GlobalAir.com's BrokerNet email network from July 1 through September 30, 2026, for turbine aircraft only, with bizliners and rotorcraft excluded. The Most Wanted spotlight compares a listing's September clicks per broadcast with the average for its class in the same month.Definitions. Activity Index: monthly turbine sales indexed to the 2025 monthly average (100), with the latest two months provisional because sales are reported late. Conversion rate: sales divided by sales plus genuine withdrawals (removed from the market, owner keeping the aircraft, lost listing, overpriced), excluding errors, listings moved elsewhere, lapsed logins, leases and buyer-side wanted ads. Months of supply: active listings divided by the average monthly sales pace. Days on market: median days since a current listing was first posted. Leaderboard: turbine sales by firm over the trailing 90 days.Classification. Jets are grouped by the GlobalAir.com cabin-class convention, with a very light tier (Mustang, Phenom 100, Eclipse, Vision Jet, HondaJet) and bizliners excluded. This issue applies that convention strictly, which moves legacy Citations into light jets. August comparisons are restated on the same basis, with every segment's selling pace measured over the twelve months ending in August.These figures describe GlobalAir.com marketplace activity, not audited transactions or the whole fleet. On the Horizon is commentary drawing on Forecast International (Oct. 2, 2025), GlobalAir.com (May 27, 2026), FlightGlobal (Sept. 2026) and AIN (July 21, 2026). Dealer figures and comments attributed to IADA come from its Q2 2026 Market Report, which covers reported activity among its accredited dealers and is not directly comparable to GlobalAir.com marketplace data. GlobalAir.com is a Products and Services member of IADA. Ben Shirazi's comments were shared with GlobalAir.com directly. Scope is turbine only: jets, single-engine and twin-engine turboprops. The Activity Index, year-over-year change and conversion rate cover every turbine sale as recorded, bizliners included, so the series stays continuous. Cabin-class figures exclude bizliners.