The last time Asset Insight’s tracked inventory fleet experienced a decrease was 13 months ago. Meanwhile, average Ask Price decreased another 0.8% in July. Which business jet and turboprop models were impacted the most? NAFA member and Asset Insight's President and CEO, Tony Kioussis explores.
Asset Insight’s July 30th, 2021 market analysis covering 134 fixed-wing models revealed another 5.5% decline in availability, with all four groups contributing. Our pool of 134 tracked models totaled 1,345 aircraft, representing a year-to-date (YTD) decrease of 29.7% (567 units), and a 42.3% year-over-year (YoY) decline.
The Quality Rating for listed assets continued to decrease, as buyers continue to demonstrate a preference for higher quality aircraft, with the Rating dropping 0.3% to post a 12-month low (worst) figure at 5.265.
July’s Quality Rating kept the fleet within the ‘Excellent’ range, on Asset Insight’s scale of -2.5 to 10, but signaled that aircraft within the inventory would require more near-term maintenance to be completed.
This report was originally published by AvBuyer on August 19, 2021.
