Pre-owned business jet and turboprop transactions fell to 636 in the fourth quarter, a sharp decline from the 1,021 recorded in 2021. This drop confirms a persistent slide in inventories across the global general aviation market, tightening liquidity despite booming demand for completions and refurbishment. Operators seeking upgrades face higher prices and limited options for used jets or turboprops, while the completions sector absorbs growing interest. The fourth quarter, historically the busiest period for aircraft transactions, now reflects structural market fatigue rather than seasonal strength. With over 41,000 aircraft expected to be built over the next decade, fleet growth of 3.7% and a $6.5 trillion market value underscore the shift toward new asset acquisition over pre-owned sales.