The International Aircraft Dealers Association (IADA) has handled more than $1.6 billion in aircraft sales since the Feb. 1 launch of www.AircraftExchange.com, an aircraft search tool, IADA said. Dealers have recorded sales of more than 235 aircraft listed on the site. Sales of previously owned aircraft exceeded expectations on the startup website, officials say. The site currently lists more than 500 aircraft for sale.

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