The Market Split In Half: The Numbers Don't Lie | EP 55

VREF | The Truth About the Aviation Market · Sep 1, 2026 · 46m · transcript

The September 1 VREF value revision is live—and the numbers tell a very different story than the broad “strong market” or “weak market” headlines.

Business jet transaction volume is down nearly 19% year to date, essentially returning to 2020 COVID-era levels.

But prices didn’t simply fall with volume.

They split.

Across 658 business jet model years revised by VREF:

421 moved down.

230 moved up.

7 stayed flat.

And the dividing line isn’t simply light, midsize, or heavy.

It’s increasingly about which generation of aircraft you own.

In this episode:

Why business jet transaction volume has…