jetAVIVA transacts 45 deals in the last 90 days of 2020, rounding out a record-breaking sales year for the firm.
February 1, 2021 – Kansas City, Kansas – jetAVIVA, a worldwide leader in turbine aircraft sales and acquisitions, announces industry-leading sales numbers in 2020 as the firm completed over 100 transactions; 45 of these taking place in the fourth quarter.
The firm attributed this continued success to an increase in first time buyers entering the world of business aviation as a result of COVID-19 and the firm’s focus on fuel efficient light to mid-sized business jets and turbo-props.
“We entered the second half of 2020 with a remarkable volume of acquisition clients who were looking to move quickly,” said company Founder and Chairman, Cyrus Sigari. “Facing the prospect of a changing tax regime in 2021, our clients desired to lock in the 2020 economic incentives to purchase business aircraft including 100% bonus depreciation”
An internal study conducted by the firm showed continued strong performance in the owner-flown segments. Most notably, jetAVIVA strengthened its position as the expert in the Citation M2, and CJ3 markets, and the firm continues to lead in Phenom 100 and 300 sales. Although already well-known in the industry for success in owner flown segments, jetAVIVA also assisted new buyers in the midsize categories and larger.
“2021 looks to present a wholly different market dynamic than what we experienced last year,” Sigari went on to say. “Inventory levels have continued a steady decline since June of last year, and prices in many of the markets we track have started to stabilize. Our clients looking to upgrade should be optimistic about bringing their quality inventory to market.”
Based on the results of an internal study conducted by jetAVIVA’s market research team evaluating JETNET data, and jetAVIVA internal transaction data from January to December 2020:
Market Leader in the following specific makes and models based on market share of represented transactions: