AMSTAT

  • Tracey Cheek posted an article
    AMSTAT announces the release of AMSTAT for Salesforce see more

    NAFA member AMSTAT releases new app for the Salesforce® CRM.

    Tinton Falls, NJ - January 22, 2019:  AMSTAT, the leading provider of business aircraft marketing, fleet and operator information, announces the release of AMSTAT for Salesforce, a new fully integrated app for the Salesforce® CRM.  This new application is available as an upgrade for existing AMSTAT Premier subscribers, is subscribed to through AMSTAT and is downloadable from the Salesforce AppExchange® (www.appexchange.com).  AMSTAT will be demonstrating this service at the upcoming NBAA Schedulers & Dispatchers Conference, Booth #425, San Antonio, TX - January 29 - February 1, 2019.  A brief video on key functionality can be found at:  https://www.youtube.com/watch?v=Mf-Z38NY90g.

    "Many of our clients either use Salesforce® or are considering using Salesforce® as their CRM application" said Andrew Young, AMSTAT General Manager.  He went on to add "AMSTAT for Salesforce, is designed to increase the productivity and effectiveness of the business aviation sales professional".

    Key AMSTAT for Salesforce functionality includes the ability to:

    • View AMSTAT contact and fleet date from within Salesforce®, significantly reducing the  need to jump back and forth between the RM and AMSTAT Premier;
    • Link current AMSTAT data to Salesforce® Accounts, Contacts and Leads, so the latest AMSTAT data is always displayed within the CRM; 
    • Receive alerts for linked records from within Salesforce® on changes found by AMSTAT research, enabling users to keep on top of their territories and sales opportunities;
    • Quickly use AMSTAT data to create Salesforce® Accounts, Contacts and Leads and fuel the sales processes.

    Chris Skurat, AMSTAT Director of Sales & Customer Service added that "AMSTAT for Salesforce integrates AMSTAT data into the CRM workflow and into the sales processes of our clients where it provides the greatest value and effectiveness".

    For more information, rates and to subscribe to AMSTAT for Salesforce, please contact:

    Chris Skurat, AMSTAT Director of Sales & Customer Service

    US: (732) 530-6400 x145

    chris@amstatcorp.com

    www.amstatcorp.com

    This release was originally published by AMSTAT on January 22, 2019.

     

  • Tracey Cheek posted an article
    AMSTAT to demonstrate AMSTAT for Salesforce® and upgraded collaboration tools at NBAA-BACE 2018. see more

    NAFA member, AMSTAT, to demonstrate AMSTAT for Salesforce® and hold two breakout sessions at upcoming NBAA-BACE 2018. 

    For immediate release

    Tinton Falls, NJ – October 4, 2018:  AMSTAT, for 35 years the leading provider of business aircraft market, fleet and operator information, will be demonstrating new services and running two breakout sessions at this year’s National Business Aviation Association - Business Aviation Convention & Exhibition (NBAA-BACE).  Of note this year is the AMSTAT for Salesforce® app which enables subscribers using both the Salesforce® CRM and AMSTAT to maximize their use of AMSTAT data from within their contact relationship management software.

    AMSTAT for Salesforce® will enable users of Salesforce® to:

    • View AMSTAT contact and fleet data from within Salesforce® and significantly reduce the need to jump back and forth between the two applications;
    • Link current AMSTAT data to Salesforce® Accounts, Contacts and Leads, so the latest AMSTAT data is always displayed within the CRM;
    • Receive alerts for linked records from within Salesforce®, giving users a heads up on sales opportunities and changes in their territory;
    • Use AMSTAT data to create Salesforce® Accounts, Contacts and Leads and fuel the sales processes.

    Andrew Young, AMSTAT General Manager said, “Our investment in this solution will enable users to more fully utilize AMSTAT data within Salesforce® and reinforces our commitment to helping business aviation sales and marketing professionals achieve their goals”.  

    In addition to AMSTAT for Salesforce® the company will be offering an API that enables users of other CRM and third party applications to integrate AMSTAT data.    

    AMSTAT will also use NBAA-BACE 2018 to demonstrate several upgraded collaboration tools within their services. Chris Skurat, AMSTAT Director of Sales & Customer Service said, “AMSTAT subscribers have always been able to share proprietary notes, edits and report formats between users under the same subscription.”  He added, “AMSTAT has now added powerful notes management and search functionality and also the ability for users to store and share associated materials, such as contracts and pictures within the AMSTAT service making these materials accessible wherever they can login to AMSTAT.”  

    AMSTAT will also be holding 2 breakout sessions at NBAA-BACE, on Wednesday, October 17, 2018 at the Orange County Convention Center, Orlando, FL – Room N320C.  The first session, at 10-11am, will be an introduction to the new AMSTAT for Salesforce® app.  The second, at 3-4pm, will be a tutorial on using the AMSTAT Aircraft Valuation Tool, the cutting edge real-time aircraft values calculator released at last year’s NBAA-BACE convention.

    AMSTAT will be exhibiting at NBAA-BACE Booth #2275.

    About AMSTAT, Inc.

    AMSTAT is the leading provider of market research information and services to the corporate aviation industry.  Founded in 1982, and based in Tinton Falls, NJ, AMSTAT introduced the concept of providing researched information to corporate aviation professionals.  AMSTAT’s mission is to provide timely, accurate, and objective market information to its customers.  AMSTAT products and services provide aviation market and statistical information that generates revenue and delivers competitive advantage to brokers/dealers, finance companies, fractional providers, and suppliers of aircraft parts and services.

    Information:

    AMSTAT, Inc.

    Andrew Young

    New Jersey: (732) 530-6400 x147

    andrew@amstatcorp.com

    www.amstatcorp.com

    Original Press Release published in AMSTAT on October 4, 2018.

  • Tracey Cheek posted an article
    AMSTAT's Business Jet and Turbo‐Prop Resale Market Update for the first six months of 2018. see more

    Tinton Falls, NJ – August 9, 2018: According to AMSTAT, 5.0% of the Heavy Jet market group turned over in the first six months of the year, the best first six months in this group since 2007.

    The report breaks the market into Heavy Jet (>=40,000 lbs), Medium Jet (20‐40,000 lbs), Light Jet (<20,000 lbs) and Turbo‐Prop groups and then further reviews these groups using the following age segments: Newer (<=10 years), Mid‐Age (11‐20 years) and Older (>20 years). Below we use the abbreviation “H1” to describe the first half of the year.

    First Half 2018 Resale Retail Transaction performance was better in Larger and Newer market groups and segments:

    • At a macro level, there were modest increases in the number of Jets and Turbo‐props sold in the first half of the year compared to 2017 (see Historical Perspective charts 1 & 2), but the overall active population of these aircraft also increased. A more relevant comparison is to look at the percentage of the active fleet that sold by group and age segments (see Historical Perspective chart 3).

    • Resale transaction activity in all Heavy Jet age segments performed better in H1 2018 than in the same period in 2017. In each Heavy Jet age segment the percentage of active fleet sold in H1 2018 increased over H1 2017 from: 4.2% to 5.7% in the Older segment, 5.0% to 6.0% in the Mid‐Age segment, and 3.2% to 3.9% in the Newer segment.

    • In the Medium Jet group 5.1% of the fleet sold in H1 2018. This matched transaction activity in the same period in 2017 which itself outperformed the first six months of the previous two years. At a segment level only the Older Medium Jet segment performance in H1 2018 beat the same 2017.

    • The Light Jet group did not perform as well with 4.8% of the fleet turning over in H1 2018 versus 5.1% during the first six months of 2017. Despite the overall Light Jet performance, 4.7% of the Newer Light Jet age segment turned over in H1 2018, exceeding 4.2% in H1 2017.

    • In the Turbo‐prop group, 3.9% of the fleet turned over in H1 2018, modestly up from 3.8% during the same period the year before. The Newer Turbo‐prop slightly underperformed H1 2017 with 3.7% of the fleet turning over in H1 2018 compared to 3.9% the year before. H1 2018 transaction activity in the Older and Mid‐Age Turbo‐prop groups exceeded transaction activity in these groups in H1 2017.

      Most market groups and age segments are reporting inventories at their lowest in many years:

    At a macro level, 9.1% of the Business Jet fleet is for sale, the lowest overall percentage since 1998; and 7.2% of the Turbo‐prop fleet is for sale, a historical low in this market. Historical Perspective chart 3 shows that the gap between major inventory peaks and troughs during the last two industry cycles was approximately 6 years. The contraction since the peak in inventory in 2009 has been running for 9 years so far.

    • 6.8% of the Heavy Jet fleet is for sale compared to 9.0% a year ago. This is the lowest percentage of Heavy Jets for sale since 1998. The greatest year‐over‐year contraction has occurred in the Mid‐Age (from 9.0% to 6.3%) and Newer (from 7.6% to 5.2%) Heavy Jet segments.

    • 9.2% of the Medium Jet fleet is for sale compared to 10.7% a year ago. This is the lowest percentage in this group since 2000. The greatest year‐over‐year contraction occurred in the Mid‐Age (from 11.6% to 9.6%) and Newer (from 6.2% to 4.8%) Medium Jet segments.

    • 10.7% of the Light Jet fleet is for sale compared to 11.7% a year ago. Contraction in the last 12 months has been particularly noticeable in the Newer segment with 5.6% for sale today versus 7.9% a year ago.

    • 7.2% of the Turbo‐prop fleet is currently for sale compared to 8.2% a year ago. This is the smallest amount of year‐over‐year contraction at the group level but a historical low for the Turbo‐prop market. The greatest year‐over‐year contraction in this market has been from 7.5% to 5.7% in the Mid‐Age Turbo‐prop segment.

      The Average Asking Price data shows recent increases in the newer aircraft segments:

    • The Average Asking Price for Newer Heavy Jets is at $26.5M up 8.1% year‐over‐year and 17.7% year‐to‐date. As always, we caution that this is a very small population of aircraft and so the Average Asking Price metric for this segment can be moved considerably by only a few changes. In this case, the Average Asking Price for Newer Heavy Jets jumped in June / July due to additions to the Gulfstream G650 and G650ER, Dassault Falcon 8X and Boeing Business Jet markets at asking prices that substantially moved the average. In contrast, the Average Asking Prices of Older and Mid‐Age Heavy Jets have remained largely unchanged on a year‐over‐year and year‐to‐date basis.

    • The Average Asking Price for Newer Medium Jets is at $7.2M up 4.4% year‐to‐date, although off 3.1% year‐to‐date. In comparison, the Older and Mid‐Age segments are off 16.9% and 9.5% year‐over‐year and 3.0% and 4.2% year‐to‐date.

    • The Average Asking Price for Newer Light Jets is at $3.3M off 2.0% year‐over‐year but up 4.8% year‐to‐date. In comparison, the Average Asking Price for Mid‐Age Light Jets is up 5.2% year‐over‐year and up 9.8% year‐to‐date to $1.9M. The Average Asking Price for Older Light Jets is now below $700K.

    • The Average Asking Price for Newer Turbo‐props is up 11.1% year‐to‐date to $2.9M and up 5.4% year‐over‐year. The Mid‐Age Turbo‐prop Average Asking Price is flat year‐over‐year but up 4.4% year‐to‐date to $1.7M. Average Asking Prices for Older Light Jets continue to slide.

      Read the full Market Update at AMSTAT.

  • Tracey Cheek posted an article
    AMSTAT releases Aircraft Values Report for July 2018 see more

    The AMSTAT Aircraft Valuation Tool (AVT) calculates objective real‐time estimated values for business aircraft covered by the tool. The AVT Aircraft Values Report updates the market on the normalized average value of business aircraft over the last 12 months. The charts below represent the average values for each market segment. The values are normalized to enable accurate value comparisons over time. The aircraft values are calculated per day.

    Read full article here.

     

  • Tracey Cheek posted an article
    Impact of New Tax Bill on Aircraft Values see more

    NAFA member, Pablo Perez discusses the impact the new tax bill has had so far on aircraft values.

    It is difficult, if not impossible, to isolate the exact impact of the new tax bill on aircraft values. There are many concurrent factors that may have an impact on aircraft values, e.g. the economy, regulatory environment and inventory, to name a few. However, we can observe what has been going on in the market since the enactment of, “Tax Cuts and Jobs Act of 2017” (Pub.L.115-97).

    How was the pre-owned business aviation market doing before the tax changes?

    Excessive enthusiasm with the economy before the subprime crisis was certainly a factor in manufacturers flooding the market with new aircraft. Since the crisis, OEMs reduced the general production but the number of new models has increased. We also have new competitors such as Honda and Pilatus entering the business jet market. The accumulated oversupply is still present in the pre-owned aircraft market. These factors have driven down prices for the pre-owned market, permitting buyers to acquire quality aircraft at a considerably lower price.

    This tendency may change given the new tax law.  There is already some information about changes in aircraft values, but before we look at that, we want to summarize the tax changes affecting the industry. 

    What are the tax changes that will have an impact in business aviation? 

    As reported by the Congressional Budget Office (CBO), high net wealth individuals, pass-through entities and corporations should benefit immediately. While the current number of tax brackets has been retained, each has been reduced, and for those operating an entity with pass-through income, there is a new 20 percent deduction for business income.

    For aircraft owners, the savings under the new law are even better. The current bonus depreciation has been amended to provide for 100 percent expensing of the cost of new and pre-owned aircraft (up from 50 percent) acquired and placed in service, provided it is the taxpayer’s first use of the aircraft. Previously, bonus depreciation was only available on new equipment purchases.  

    Unfortunately, for those who previously used Rev. Code §1031 ‘like-kind’ exchanges (usually for upgrading into larger or longer range aircraft) taxpayers will no longer have the ability to defer taxable gains on the sale of aircraft. In theory, the enhanced depreciation discussed above should offset the repeal of like-kind exchanges for aircraft. 

    Additionally, changes have been made to travel expense deductions and the Federal Transportation Excise Tax (FET) has finally been clarified (owner flights on managed aircraft are not subject to FET but are subject to non-commercial fuel tax). 

    Note, for those using aircraft for both business and pleasure, please ensure you speak with your CPA about maximizing the first-year bonus depreciation to ensure non-business guests do not result in disallowances. 

    What is going on with aircraft values in 2018?

    AMSTAT, Aircraft Valuation Tool Report, released in early April 2018, indicates a recent uptick in business aircraft values. According to this re–port, the average estimated values for four of the five major business aircraft segments have risen since the start of Q4 2017.

    According to Andrew Young, AMSTAT General Manager, “the increase in estimated values reflects recent increases in market demand and a tightening market with fewer options for buyers.”

    The National Aircraft Resale Association (NARA) believes that tax reform is driving aircraft values. 

    “While political and economic developments around the world can influence the market, now is a great time to buy an aircraft before prices increase,” said NARA Chairman, Brian Proctor. He notes that used aircraft in excellent condition are selling at a faster pace than in years past.

    “Our NARA-certified brokers have recognized a change in the marketplace just in the first few months of 2018 since the U.S. tax reform was enacted,” Proctor said. “The market is generating more activity and demand and that is likely to increase as the economy continues to heat up, interest rates rise, and most indicators point to a general economic upturn.”

    What is the tendency for the rest of 2018?

    The 100 percent expensing rule is an excellent incentive for aircraft owners to step up to a high-quality aircraft. Also, the decrease in the federal income tax rate should be a good incentive for companies and wealthy individuals to buy an aircraft for the first time because they can redirect money savings from taxes to buy an aircraft.

    If buyers take advantage of the new tax benefits during the rest of the year by accelerating the purchase of pre-owned aircraft, very soon aircraft will start selling faster and the oversupply should start decreasing. As a consequence, pre-owned aircraft values should rise slowly in 2018 (given all other factors affecting aircraft values remain stable).

    This article was originally published in Twin & Turbine on June 5, 2018.

    http://twinandturbine.com/article/impact-new-tax-bill-aircraft-values/

  • Tracey Cheek posted an article
    AMSTAT's Business Jet and Turbo-Prop Market Update Q1 2018 report shows strong first quarter. see more

    Tinton Falls, NJ – May 2, 2018: According to AMSTAT, the first quarter of 2018 was a mixed bag for resale retail transactions but consistent, from an inventory perspective, as the availability of used aircraft tightened across all market segments.

    The report breaks the market into Heavy Jet (>=40,000 lbs), Medium Jet (20‐40,000 lbs), Light Jet (<20,000 lbs) and Turbo‐Prop groups and then further reviews these groups using the following age segments: Newer (<=10 years), Mid‐Age (11‐20 years) and Older (>20 years).

    Q1 Resale Retail Transaction performance was inconsistent across market groups and segments:

    • In the Older Heavy Jet segment, 2.7% of the fleet turned over during Q1 2018 compared to 1.6% in Q1 2017. In the Mid‐Age Heavy Jet segment, 2.4% turned over in Q1 2018 versus 2.0% in Q1 2017 and in the Newer Heavy Jet segment, 1.9% turned‐over in Q1 2018 versus 1.1% in Q1 2017.

    • In the Medium and Light Jet groups, the Q1 2018 performance in the various age segments was generally below or the same as for the same period in 2017. For example, while 2.2% of the Newer Medium Jets turned over in Q1 2017, only 1.5% turned over in Q1 2018; and while 2.1% of the Newer Light Jet segment turned over in Q1 2017, 2.0% turned over in Q1 2018.

    • In the Turbo‐Prop group, Q1 2018 performance was generally on par with Q1 2017 with between 1.7% and 1.8% of active fleet turning over in each of the age segments.

      All market groups and age segments are reporting lower percentages of the fleet available for sale:

      • In the Newer Heavy Jet segment, 4.9% of the fleet is available for sale, compared to 8.0% a year ago. This the lowest percentage of this fleet for sale since 2013. In the Mid‐Age Heavy Jet segment, 7.3% of the fleet is for sale, compared to 10.2% a year ago. We have to go back to 2008 to see the last time that this segment was at this level.

      • In the Newer Medium Jet segment, 5.6% of the fleet is for sale, compared to 6.9% in April 2017. The percentages are currently higher in the Mid‐Age and Older Medium Jets at 10.0% and 13.9%, but these percentages are also down from a year ago when they were 11.6% and 14.9% respectively.

      • In the Newer Light Jet segment 5.8% of the fleet is for sale compared to 8.6% a year ago. This is lowest percentage in this particular market segment since AMSTAT has been keeping records. As with the Medium Jets, there is a higher percentage of the Mid‐Age and Older Light Jet segments for sale, but these percentages have also come down from a year ago.

      • In the Newer Turbo‐Prop segment, 5.0% of the active fleet is for sale, down from 5.9% a year ago. The Older Turbo‐Prop segment is at 9.4% and the Mid‐Age segment is at 6.2%, down from 10.2% and 7.9% respectively a year ago.

    Read more at AMSTAT.

  • Tracey Cheek posted an article
    The AMSTAT Aircraft Valuation Tool calculates objective real‐time estimated values for aircraft. see more

    Tinton Falls, NJ – April 6, 2018:  According to latest AMSTAT Aircraft Valuation Tool, the average estimated values for four of the five major business aircraft segments have risen since the start of Q4 2017.

    The AMSTAT Aircraft Valuation Tool (AVT) calculates objective real‐time estimated values for business aircraft. The AVT Aircraft Values Report provides the market with the normalized average estimated value for business aircraft by segment over the last 12 months.

    According to the latest AVT Aircraft Value Report:

    • In the Heavy Jet segment, the average estimated value is up +7.8% since October 2017 from $14.1M to $15.2M. The same metric is down ‐7.3% year‐over‐year and up just +0.5% year‐to‐date;

    • In the Medium Jet segment, the average estimated value trend has remained relatively flat compared to other segments. The average estimated value in this segment is up just 0.4% since the start of Q4 2017 to $3.1M. Year‐ over‐year this metric is up just +1.4% and year‐to‐date is up just +0.8%;

    • In the Super‐Mid segment, the average estimated value is up +23.7 from $5.7M to $7M since October 2017. The same metric is down ‐5.1% year‐over‐year and up 7.1% year‐to‐date;

    • In the Light Jet segment, the average estimated value is up +6.9% since October 2017 from $2.3M to $2.4M. The average estimated value in this segment is up +12.7% year‐over‐year and up +0.7% year‐to‐date;

    In the Turbo‐prop segment, the average estimated value is up +18.8% from $2.2M to $2.6M since October 2017. Year‐over‐year this metric is up 0.9% and year‐to‐date it is up +8.2%.

    “By looking at normalized data we can do a proper comparison of values over time” said Andrew Young, AMSTAT General Manager. He went on to add “the increase in estimated values reflects recent increases in market demand and a tightening market with fewer options for buyers”.

    About AMSTAT, Inc.

    AMSTAT is the leading provider of market research information and services to the corporate aviation industry. Founded in 1982, and based in Tinton Falls, NJ, AMSTAT introduced the concept of providing researched information to corporate aviation professionals. AMSTAT’s mission is to provide timely, accurate, and objective market information to its customers. AMSTAT products and services provide aviation market and statistical information that generates revenue and delivers competitive advantage to brokers/dealers, finance companies, fractional providers, and suppliers of aircraft parts and services.

    About the AMSTAT Aircraft Valuation Tool.

    The AMSTAT Aircraft Valuation Tool (AVT) calculates objective real‐time estimated values for business aircraft. The AVT was developed and is supported in partnership with VANGAS Aviation Analytics, L.L.C.

    Information:

    AMSTAT, Inc. / Andrew Young / USA: (732) 530‐6400 x147 / andrew@amstatcorp.com / www.amstatcorp.com 

  • Tracey Cheek posted an article
    AMSTAT helping identify ADS-B compliant business aircraft globally. see more

    Tinton Falls, NJ – March 22, 2018:  AMSTAT, the leading provider of global business aircraft market, fleet and operator information, has worked with ADS-B Exchange, a co-op of ADS-B/Mode S/MLAT feeders from around the world to identify which business aircraft are or are not in compliance with the 2020 FAA ADS-B mandate.   

    The two companies cross referenced their respective global data sets and identified aircraft with or without ADS-B DO-260B (required to meet the 2020 mandate).  AMSTAT then added this data to its flagship service, AMSTAT Premier, for use by subscribers.  The data indicates that 39% of US based business jets and 38% of US based business turbo-props tracked by AMSTAT are currently known to be compliant.  The companies will continue to update this ADS-B information going forward.

    “The addition of this compliance data to the global fleet tracked in AMSTAT Premier will enable MROs offering ADS-B services to quickly identify which aircraft are not ADS-B compliant and market their services accordingly” said Andrew Young, AMSTAT General Manager.  He went on to add “AMSTAT remains committed to giving our clients a competitive advantage and this is another example of where our data is doing that.”

    For more information on using AMSTAT Premier to filter aircraft by ADS-B, please contact Jim Morford, AMSTAT Customer Service Manager on (US) 732-530-6400 x102 or jmorford@amstatcorp.com.  To subscribe to AMSTAT Premier, please contact Chris Skurat, AMSTAT Director of Sales on (US) 732-530-6400 x145 or chris@amstatcorp.com.

    About AMSTAT, Inc.

    AMSTAT is the leading provider of market research information and services to the corporate aviation industry.  Founded in 1982, and based in Tinton Falls, NJ, AMSTAT introduced the concept of providing researched information to corporate aviation professionals.  AMSTAT’s mission is to provide timely, accurate, and objective market information to its customers.  AMSTAT products and services provide aviation market and statistical information that generates revenue and delivers competitive advantage to brokers/dealers, finance companies, fractional providers, and suppliers of aircraft parts and services.

    Information:

    AMSTAT, Inc.

    Andrew Young

    New Jersey: (732) 530-6400 x147

    andrew@amstatcorp.com

    www.amstatcorp.com

  • Tracey Cheek posted an article
    AMSTAT's market report shows business aircraft segment values have risen since start of Q4 2017. see more

    Tinton Falls, NJ – February 15, 2018: According to AMSTAT and the new AMSTAT Aircraft Valuation Tool, the average estimated values for most business aircraft segments have risen since the start of Q4 2017.

    The AMSTAT Aircraft Valuation Tool (AVT) calculates objective real‐time estimated values for business aircraft. The AVT Quarterly Aircraft Values Report provides the market with the normalized average estimated value for business aircraft by segment over the last 12 months.

    According to the AVT, three market segments have seen their average estimated values tick upwards since the start of Q4 2017:

    •   In the Heavy Jet segment, while the average estimated value dropped ‐3.5% over the last 12 months, from $15.9M to $15.4M, since October 2017, this value is up +9.2%;

    •   In the Super‐Mid segment, while the average estimated value dropped ‐5.9% over the last 12 months, from $7M to $6.6M, since September 2017, this value is up +19%;

    •   In the Turbo‐prop segment, while the average estimated value dropped ‐6.7% over the last 12 months, from $2.4M to $2.2M, since October 2017, this value is up +3.9%.

      The Light Jet segment has been more consistent with the average estimated value up +8.2% in the last 12 months from $2.2M to $2.4M.

      “The increase in estimated values reflects recent increases in market demand and a tightening market with fewer options for buyers” said Andrew Young, AMSTAT General Manager. He went on to add, “changing market conditions further emphasis the need to access the real‐time aircraft estimated values provided by the AMSTAT Aircraft valuation Tool”.

      For a full copy of the report go to: https://silkstart.s3.amazonaws.com/4926b562-3697-41f4-a0e3-e4d4f0f84d93.pdf.

      About AMSTAT, Inc.

      AMSTAT is the leading provider of market research information and services to the corporate aviation industry. Founded in 1982, and based in Tinton Falls, NJ, AMSTAT introduced the concept of providing researched information to corporate aviation professionals. AMSTAT’s mission is to provide timely, accurate, and objective market information to its customers. AMSTAT products and services provide aviation market and statistical information that generates revenue and delivers competitive advantage to brokers/dealers, finance companies, fractional providers, and suppliers of aircraft parts and services.

      About the AMSTAT Aircraft Valuation Tool.

      The AMSTAT Aircraft Valuation Tool (AVT) calculates objective real‐time estimated values for business aircraft. The AVT was developed and is supported in partnership with VANGAS Aviation Analytics, L.L.C.

      Information:

      AMSTAT, Inc. / Andrew Young / USA: (732) 530‐6400 x147 / andrew@amstatcorp.com / www.amstatcorp.com

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  • Tracey Cheek posted an article
    AMSTAT releases latest Business Aircraft Resale Market Update Report showing slightly slower
    Busine
    see more

    AMSTAT releases latest Business Aircraft Resale Market Update Report showing slightly slower Business Jet resale transaction activity so far in 2016.


    Tinton Falls, NJ – October 24, 2016: According to AMSTAT, the first three quarters of 2016 saw a slightly
    lower percentage of the Business Jets and about the same percentage of Business Turbo‐Props turning
    over as resale transactions versus the same period in 2015.

    In the first three quarters of 2016, 7.1% of the global Business Jet fleet turned over. This percentage
    was down versus 7.4% in the same period in 2015. By comparison, 5.8% of the Business Turbo‐Prop
    fleet turned over versus 5.7% for the same period in 2015.

    Resale Retail Transaction activity year to date was up for Heavy Jets with 5.9% of the fleet turning over
    in the first 3 quarters of the year, compared to 5.5% for the same period in 2015. In contrast,
    transaction activity for the Medium Jets resulted in 7.1% of the fleet turning over versus 8.2% for the
    same period in 2015. For Light Jets and Turbo‐Props, Resale Retail Transaction activity was largely flat
    for the first 3 quarters of the year compared to the same three quarter period in 2015 (7.8% versus 7.9%
    and 5.8% versus 5.7% respectively).

    The report also shows that business aircraft inventory levels continue to climb but with some evidence
    of a recent plateauing in certain market segments. 10.8% of the Heavy Jet fleet is now for sale. This
    percentage is up from 10.4% at the start of 2016. Over the last 24 months more of this inventory has
    come from Newer Heavy Jets, with 10% of that fleet for sale today versus 8% in 2015. Today 11.6% of
    the Medium Jets fleet is available for sale versus 11.2% at the start of the year. As with Heavy Jets, it is
    the Newer Medium Jet models that are seeing their inventory increase the most. The Light Jet inventory
    is currently 11.8% of the active fleet. This up since the start of the year but flat compared to the same
    time last year. 8.5% of the Turbo‐Prop fleet is for sale, up since the start of 2016 but down from 8.7% a
    year ago.

    Average Asking Price trends have been a mixed bag so far in 2016. The Average Asking Price for a Heavy
    Jets is $13.9M down 6.6% year over year. The increase in Heavy Jet Resale Retail Transactions so far in
    2016 has not been enough to raise Average Asking Prices. The Average Asking Price for a Medium Jet is
    $3.4M, down 7.8% from a year ago which is consistent with falling Resale Retail Transaction activity and
    increasing inventory in this market segment. The Average Asking Price for Light Jets is $1.7M up 6.7%
    versus a year ago and $1.4M for Turbo‐Props up 5.5% versus a year ago. These are curious trends given
    that transaction activity and inventory levels are essentially flat in these markets.

    For a full copy of the report go to: http://www.amstatcorp.com/docs/APR‐MUR‐1024‐2016.pdf


    About AMSTAT, Inc.
    AMSTAT is the leading provider of market research information and services to the corporate aviation industry. Founded in 1982, and based in Tinton Falls, NJ, AMSTAT introduced the concept of providing researched information to corporate aviation professionals.

    AMSTAT’s mission is to provide timely, accurate, and objective market information to its customers. AMSTAT products and services provide aviation market and statistical information that generates revenue and delivers competitive advantage to brokers/dealers, finance companies, fractional providers, and suppliers of aircraft parts and services.

    Information:
    AMSTAT, Inc.
    Andrew Young
    New Jersey: (732) 530-6400 x147 / andrew@amstatcorp.com / www.amstatcorp.com