Aviation by the Numbers: Key Facts on Aircraft, Restoration, and the Growing Market for Used Parts

The aviation industry, especially in general aviation (GA), has experienced steady growth, with a rise in the number of pilots and aircraft worldwide. Currently, over 440,000 general aviation aircraft are registered globally, covering everything from personal planes and training aircraft to light commercial models. In the United States alone, which boasts the world’s largest GA community, there are approximately 225,000 active GA aircraft and more than 600,000 licensed pilots, many of whom operate older aircraft models due to the rising cost of new ones.

 Over the past two decades, economic pressures and rising production costs have shifted the general aviation landscape. Today, a new single-engine piston aircraft can cost between $400,000 and $600,000 on average, with some high-end models approaching or exceeding $1 million. By contrast, restoring an older aircraft typically costs a fraction of this amount. Depending on the airframe’s condition and the upgrades needed, it’s common to restore a well-maintained used aircraft to modern standards for under $200,000. This significant cost savings, paired with advances in maintenance practices and greater access to quality used parts, has made aircraft restoration an appealing and practical option for pilots, flight schools, and enthusiasts.

 Beyond financial benefits, restoring legacy aircraft often brings unique rewards for owners. Many pilots value the craftsmanship of classic models, which they can refurbish with updated avionics, overhauled engines, and upgraded interiors. This approach allows older planes to perform like new while avoiding the high price tag associated with new production models. As the demand for affordable flying options grows, so does the market for used aircraft parts like engines, avionics, and landing gear—essentials for both private owners and commercial flight schools.

In the commercial aviation sector, extending the lifespan of existing aircraft is also a cost-effective strategy. Airlines often run phase-in, phase-out maintenance programs to maximize fleet longevity. This trend has led to a growing demand for reliable, traceable parts, especially those sourced from dismantled aircraft. In response to these trends, the market for used aircraft parts has become an essential segment of the aviation industry, providing safe and affordable parts for aircraft across categories.

 Used parts play a critical role in helping private owners, operators, and flight schools keep their planes airworthy. FractionAIR Parts is proud to support this market, offering a range of well-maintained, carefully sourced parts that come with detailed traceability. Whether you’re a private pilot restoring a classic model or a commercial operator maintaining a fleet, buying used parts is a smart, economical way to maintain aircraft readiness without compromising on safety or reliability.