Business jet market activity is slowing with fewer transactions and increasing preowned inventory, according to Vref Aircraft Reference Value, Appraisal & Litigation Services. Inventory of the in-service fleet is up 1 percent from this time last year, to 10 percent, while retail transactions in the third quarter were down 15 percent year-over-year. Third-quarter transactions also were down 17 percent from the second quarter of this year, Vref added.
