Business Aviation Quarterly Deep Dive
A market in two halves: fresh inventory at the top, aging inventory at the bottom.
Over the third quarter the US business jet fleet grew from 15,659 to 15,710 aircraft in operation, and the number listed for sale rose from 1,131 to 1,177. The share of the fleet on the market moved from 7.2 to 7.5 percent.
The headline suggests a market loosening slowly. The detail shows two markets moving in opposite directions.
Fresh inventory at the top, aging inventory at the bottom.
At the top, Ultra Long Range added six listings, yet the average listed aircraft had been on the market 132 days at 30 September against 144 at the end of June. Super Midsize (186 to 177 days) and Large Cabin (269 to 249, despite eleven more listings) moved the same way.
At the light end the reverse held. Light Jet listings fell (403 to 394), yet the aircraft still listed had been on the market 26 days longer on average, 274. Very Light Jets took on the most new supply in the market, 24 listings, and now carry the highest for-sale rate at 9.2 percent.
For a principal selling a large or late-model aircraft, added competition has not left listings sitting. For a buyer at the light end, there is more choice among very light jets and more aging inventory among light jets, both of which favour negotiation.
JETNET recorded roughly 540 US jet sales over the quarter, new and pre-owned, or about 180 a month.
One caution on the measure used throughout: days on market is how long the aircraft still listed have been for sale, not how long sold aircraft took to sell. New listings pull it down; aircraft that sit push it up.
Where the 1,177 listings sit
Listing rate by segment
Seven segments, 253 models, the whole US fleet.
US jet market by segment · JETNET STAR, 30 September 2026
| Segment | Representative models | US fleet | For sale | Rate | Asking range | Avg days on market |
|---|---|---|---|---|---|---|
| Very Light Jet | Cirrus Vision SF50 G2+, Citation Mustang, Eclipse EA500 | 1,767 | 162 | 9.2% | $160K to $5,981K | 209 |
| Light Jet | Embraer Phenom 300, Citation CJ3, Embraer Phenom 300E | 4,891 | 394 | 8.1% | $350K to $13,532K | 274 |
| Midsize | Citation Latitude, Citation Excel, Hawker 800XP | 3,095 | 269 | 8.7% | $115K to $18,495K | 320 |
| Super Midsize | Challenger 300, Challenger 350, Gulfstream G280 | 1,812 | 90 | 5.0% | $3,098K to $22,900K | 177 |
| Large Cabin | Gulfstream G450, Gulfstream G-IVSP, Challenger 604 | 2,072 | 179 | 8.6% | $625K to $14,500K | 249 |
| Ultra Long Range | Gulfstream G550, Gulfstream G650ER, Gulfstream G600 | 1,976 | 77 | 3.9% | $9,360K to $59,995K | 132 |
| Bizliner | Boeing BBJ, Challenger 850, Embraer Legacy Shuttle | 97 | 6 | 6.2% | n/a | 291 |
| US jet market | 15,710 | 1,177 | 7.5% | 255 |
Asking range is the span of model-level average asking prices within each segment, counting only models with at least one US listing. It is an asking figure in every case, never a transaction price.
How the market moved over the quarter.
Quarter-over-quarter movement · 30 June to 30 September 2026
Each segment at the start and the end of the quarter, on the same basis: US based jets in operation. Recorded sales are approximate and include new deliveries.
| Segment | Listed 30 Jun | Listed 30 Sep | Change | Rate | Avg days on market | Recorded sales Q3 |
|---|---|---|---|---|---|---|
| Very Light Jet | 138 | 162 | +24 | 7.9% to 9.2% | 196 to 209 | 65 |
| Light Jet | 403 | 394 | −9 | 8.2% to 8.1% | 248 to 274 | 154 |
| Midsize | 257 | 269 | +12 | 8.3% to 8.7% | 336 to 320 | 106 |
| Super Midsize | 87 | 90 | +3 | 4.8% to 5.0% | 186 to 177 | 64 |
| Large Cabin | 168 | 179 | +11 | 8.1% to 8.6% | 269 to 249 | 69 |
| Ultra Long Range | 71 | 77 | +6 | 3.6% to 3.9% | 144 to 132 | 80 |
| Bizliner | 7 | 6 | −1 | 7.2% to 6.2% | 221 to 291 | 3 |
| US jet market | 1,131 | 1,177 | +46 | 7.2% to 7.5% | 253 to 255 | 541 |
Sales: change in JETNET STAR's running count of recorded US retail sales, new and pre-owned; approximate, as aircraft entering or leaving the US base move the count. 30 June figures are model-row sums (see Source and basis).
What the quarter meant in each part of the market.
Ultra Long Range
The scarcest part of the market stayed scarce, though it loosened slightly. Listings rose from 71 to 77 of 1,976 aircraft (3.6 to 3.9 percent), yet the average listed aircraft had been on the market 132 days, against 144 at the end of June. The additions came from the Falcon 7X (eight to eleven listings), the Global 5000 (six to nine) and the in-production Gulfstream G500 (one to four). The newest aircraft remain closed to resale. The G700 (45 in US service) and G800 (25) carried no listings all quarter. The G650ER rose from five to seven on 264 aircraft, and its average ask moved from $55,000K to $48,900K, a listing-mix effect rather than a measured repricing. One caution on the G550: JETNET's average asking price for the model moved from $34,950K at 31 August to $27,500K at 30 September with ten to eleven listings throughout, which points to a change in which aircraft carry a published price rather than a repricing. For a buyer here, expect competition and little room to negotiate.
Large Cabin
Large Cabin took on eleven listings (168 to 179, 8.1 to 8.6 percent), and the average time on market of listed aircraft still fell, from 269 to 249 days. The new supply is older aircraft: the Challenger 604 rose from 14 to 19 listings, the Falcon 2000LX from three to eight and the Challenger 605 from six to ten. Some legacy pools cleared at the same time, with the Falcon 900EX down from seven listings to three and the Falcon 2000LXS from four to one. The Challenger 650 held at two listings on 107 aircraft all quarter.
Super Midsize
Super Midsize stayed the second-tightest segment at 5.0 percent, with listed aircraft averaging 177 days on market against 186. The modern core is close to sold out. The Challenger 300 fell from 20 listings to 12 and the Challenger 350 from eight to four on 310 aircraft, while the Challenger 3500 carried none on 151. The Praetor 600 held at three. The pressure valve is the older Gulfstream G200, which rose from 28 listings to 34, a quarter of its US fleet. JETNET recorded about 64 sales in the segment over the quarter, led by the Challenger 300 (17) and the Praetor 600 and G280 (11 each).
Midsize
Midsize added twelve listings (257 to 269, 8.3 to 8.7 percent) and its listed aircraft have been on the market longest of any segment, 320 days on average, though that is down from 336 at the end of June. The build came from older aircraft: the Learjet 60XR (11 to 16 listings), the Falcon 50EX (17 to 21), the Gulfstream G150 (five to nine) and the Hawker 800XP (20 to 23). The Citation Latitude rose from eight listings to eleven on 375 aircraft, with JETNET's average asking price for the model moving from $16,000K to $17,675K. The Praetor 500 carried no listings on 149 aircraft.
Light Jet
Light Jet listings fell (403 to 394), yet the aircraft still listed had been on the market 26 days longer on average, 274, the largest rise of any segment with a meaningful fleet. Aircraft are selling, but the ones left are aging. The Citation CJ3 cleared from 19 listings to 11, the Citation V from 20 to 15 and the CJ2+ from eight to four, while the Beechjet 400A rose from 12 to 18. At the modern end the Phenom 300E held at four listings on 267 aircraft and, with 23 recorded sales, tied with the new Cirrus SF50 G3 as the most-sold jet in the US over the quarter. The CJ4 doubled from three listings to six and the PC-24 held at ten. Light Jets also carried the most sales of any segment, about 154, so this is a market that is trading, but one where aging inventory gives buyers room.
Very Light Jet
Very Light Jets absorbed the largest build in the market: 24 more listings (138 to 162), lifting the for-sale rate from 7.9 to 9.2 percent, now the highest of any segment. Average time on market lengthened from 196 to 209 days. Most of the addition is older aircraft. The Eclipse EA500 rose from 19 listings to 29, 14 percent of its US fleet, and the Phenom 100 from 14 to 18. The HondaJet HA-420 reached 19 listings on 77 aircraft. New deliveries continue alongside: the Cirrus Vision SF50 G3 entered the data this quarter with 23 aircraft in US service and none listed. With the highest share of its fleet for sale of any segment, this is where supply most favours the buyer.
Bizliner
Six listings on 97 aircraft at 30 September, against seven at the end of June. The segment is too thin to read as a trend.
“Days on market measures the stock still for sale, not how long sold aircraft took to sell, so it shows direction, not speed.”
The useful signal is the days-on-market split, read carefully. From Midsize to Ultra Long Range, the average time on market of listed aircraft fell over the quarter even where listings rose, so fresh listings and turnover outweighed aging stock. In both light segments it rose: the aircraft left on the market are sitting longer. The pricing lesson holds either way: at the light end, an aircraft priced above the market will simply wait.
Brazil and cross-border
Brazil changed this quarter at the very top. At 31 July and 31 August none of Brazil's 77 Ultra Long Range jets was listed. At 30 September one was: a Gulfstream G550, listed for six days. One listing is not a trend, but it is the first domestic supply of its class in our Brazil series. Brazil as a whole lists 5.1 percent of its jets, against 7.5 percent in the US. Brazilian buyers source mainly from North American inventory, so that demand presses on the tightest US segment.
What we are watching into Q4.
Nothing in the quarter suggests a turn in the market, only a gap between the top and the bottom that the September close has now confirmed. The fourth quarter will test whether it widens.
Ultra Long Range scarcity
The G700 and G800 (and, in Super Midsize, the Challenger 3500) went the whole quarter without a listing, and the average time on market of listed Ultra Long Range aircraft fell over the quarter. Sellers of late-model large aircraft hold the advantage. Watch whether the added Falcon 7X and Global 5000 listings are absorbed or begin to accumulate.
Very Light Jet supply
Twenty-four new listings in a quarter, led by the Eclipse EA500, is the largest build in the market. If listed aircraft keep aging, asking prices on older very light jets will have to adjust.
Light Jet inventory age
Fewer listings but 26 more days on market. Watch whether buyers return to the segment in the fourth quarter or continue to wait for price.
Midsize turnover
Twelve more listings with average time on market down 16 days suggests turnover rather than accumulation. The Latitude, now at eleven listings, is the model to watch for price discipline.
Cross-border demand at the top
Brazil's first Ultra Long Range listing in our series is a single aircraft at an untested price. Whether it trades, how fast and at what discount will say a good deal about Brazilian demand at the top of the market.
Every price here is an asking price
What the numbers are, and what they are not
Asking price and transaction price are different numbers. Read every price in this report as the opening of a negotiation, not as market value. Days on market is how long the aircraft still listed have been for sale, not how long sold aircraft took to sell.
Fleet counts, listings, days on market and asking prices come from JETNET STAR, Aircraft Market Statistics By Model, All Jets, US based aircraft in operation, as of 30 June, 31 July, 31 August and 30 September 2026. Model rows reconcile exactly to JETNET's ALL JETS line for the last three dates; for 30 June they match JETNET's per-make subtotals but sit 11 aircraft (one listing) below its ALL JETS line, a gap inside the source report.
Brazil: JETNET Aircraft Search, business jets based in Brazil, in operation, 31 July to 30 September. Gaps: JETNET Recent Events for August and September were not pulled; sales counts are approximate; there is no Brazil reading for 30 June. Asking figures in $K are at the nearest $1,000. Segment definitions are Integris classifications.
Hayden leads AI and aircraft research at Integris. His desk tracks the global fleet of more than 23,000 aircraft alongside confirmed transaction data and owner intelligence, grounding every read in what aircraft actually trade for, not what they're listed at.
Clarity. Perspective. Peace of Mind.