market reports

NAFA member, Aero Asset, just released their 2024 Half Year Heli Market Trends - Single Engine Edition.  

Heli Market Trends compiles YTD 2024 performance of 4 single engine models in production and variants with recent preowned sales activity. Market performance is ranked from most to least active.

Download report here

This report was originally published by Aero Asset on July 8, 2024.

NAFA member Global Jet Capital releases their Q1 2024 Business Aviation Market Brief. 

In Q1 2024, the business jet market continued to normalize following the record high utilization and demand associated with the post COVID-19 pandemic period. Flight operations and transaction volume declined year-over-year and inventory levels rose. The economy also continued to face a variety of challenges impacting growth. Despite these challenges, business aviation remained resilient. Flight operations were above pre-COVID-19 levels, OEMs reported strong backlog growth, and inventory remained low, especially for younger, more desirable aircraft. As things stand, the industry is well positioned to weather any future economic downturn.

• Many economists have raised their forecasts for 2024, but challenges to future growth persist.
• Flight operations declined 2 percent year-over-year in Q1 2024 but were 16 percent above Q1 2019 levels, reflecting an enduring expansion in the user base for business aviation.
• OEM book-to-bill ratios were around 1.3-to-1 in Q1 with backlogs growing, demonstrating continued demand for new aircraft.
• Transactions declined in Q1 2024 due to slower-than-expected new deliveries (attributable to ongoing supply chain and labor issues and delays in aircraft certification) and price-driven inertia between buyers and sellers in the pre-owned market.
• Aircraft inventory increased in Q1. But it is important to note that a split between older aircraft and younger aircraft has emerged. Older aircraft inventory continued to increase, while inventory of younger aircraft has been stable for three quarters.
• Most aircraft models continued to experience depreciation in line with historical norms during Q1 2024. However, younger aircraft have been more stable than older aircraft.

Read the full Business Aviation Market Brief here

This market brief was published by Global Jet Capital on June 18, 2024.

The Global Jet Capital Business Jet Market Outlook summarizes the outputs of our proprietary transaction forecast model covering the period of 2024 through 2028. It reflects our projection of future activity in the business jet market in both the new and pre-owned segments across different geographies.

The business jet transaction market shrank in 2023 as OEMs continued to deal with supply chain and labor constraints and the pre-owned market continued to normalize from a historically strong 2021. Despite some headwinds in 2024, the business jet market remains resilient, and we forecast steady growth over the next five years.

Download the Forecast here

This forecast was originally published by Global Jet Capital on May 27, 2024.

Jetcraft has spent the past 10 years honing our ability to analyze the market and build on our data capabilities, allowing us to make increasingly accurate predictions for the years ahead.

This commitment to a data-science led approach provides greater transparency for buyers, sellers and the wider business aviation community when navigating the market.

Thank you for reading along with our predictions over the past decade.

Click here for this year's forecast

This forecast was originally published by Jetcraft on May 28, 2024.

NAFA member, Duncan Aviation releases their 2024 Second Quarter Business Jet Model/Market Summary.

When acquiring or upgrading a business aircraft, selecting the right make/model is one of your most important decisions. Duncan Aviation’s Aircraft Sales and Acquisitions team can help you narrow your selection with the use of a comprehensive and up-to-date Model/Market Summary.

Download the Business Jet Model/Market Summary now

The Model/Market Summary is sorted by the IFR range, with all passenger seats full for aircraft built in the last decade. It displays items including:

• Years Produced
• VREF Price Range
• Variable Cost/Hour
• Normal Cruise Speed
• Total Baggage Volume/Cabin Volume/Length/Height
• Cabin Seats
• Expected Avionics
• NBAA IFR Range-Seats Full
• NBAA IFR Range Ferry
• Payload with Fuel Full
• Average Fuel Burn

Fill out this form to request an Aircraft Sales Market Summary update specific to your aircraft.

This Market Summary was originally published by Duncan Aviation in May 2024.

ANAHEIM, Calif., February 27, 2024 – Today, at the start of Heli-Expo 2024, Aero Asset, a global helicopter sales and market intelligence firm, announced the release of its 2023 Heli Market Trends Twin-Engine Edition. This popular annual report features proprietary market intelligence and analysis, providing buyers and sellers with valuable insight into the global preowned twin-engine helicopter market.

Valerie Pereira, Aero Asset’s Vice President of Market Research, said 2023 saw fewer twin-engine helicopter deals than 2022 and a stable supply of helicopters for sale. “Our data shows that retail sales volume for twin-engine helicopters decreased by 12% in 2023 versus 2022,” she explained. “Yet supply remained constant year over year (YOY), and the absorption rate increased for the first time in three years to 14 months of supply at current trade levels.”

Weight Class Performance

When broken down by weight class, retail sales in the light twin-engine helicopter market declined 8%, and supply for sale increased 15% YOY. In the medium twin market, both retail sales and supply declined. In the heavy twin market, supply was stable YOY, and retail sales increased 36% over the same period. 

Average Retail Prices Resilient

The average transaction price of twin-engine helicopters remained resilient in 2023. The average transaction price (ATP) for medium twins declined 3%, but the ATP for both light and heavy twins increased 18%, resulting overall in a 10% higher ATP YOY. 

Regional Shifts

In the last year, there were noticeable shifts in retail sales and supply of twin-engine helicopters by region. North America and Europe saw the most significant drops in retail sales volume. These two regions accounted for 75% of total retail sales in 2022 but only 50% in 2023. Retail sales volume in all other regions increased during the same period. Supply for sale in North America and Europe represented 64% in 2023, a 20% increase from 2022. Twin-engine supply in all other regions decreased YOY. 

Liquidity Lineup

In 2023, the best-performing twin-engine helicopter in the preowned market was the Bell 429, followed by the Leonardo A109E Power. The Sikorsky S92A and Leonardo AW109S/SP shared third place, with absorption rates under six months of supply at the current transaction volume. The slowest-performing preowned twin markets were the Leonardo AW169 and Sikorsky S76D.

Deal Pipeline 

At the end of Q4 2023, there were 40 deals pending at various stages of transaction. This was 75% higher than Q4 2022 and represents the highest number of twin-engine helicopter deals pending recorded in the last five years.

If you have questions or would like additional information, please visit the Aero Asset team at their Heli-Expo booth #1617 at the Anaheim Convention Center. If you are attending Heli-Expo, please join Aero Asset’s 2023 Heli Market Trends Twin-Engine Edition presentation and press conference on February 27 at 09:00 a.m. PT in room # 213A of the Anaheim Convention Center. 

Download Heli Market Trends 2023 Twin-Engine Edition 

Visit aeroasset.com/report to download the report with all its data and analysis, as well as an interview with Ollie Dismore, Technical and Safety Executive at the European Helicopter Association (EHA). 

###

About Aero Asset Inc.

Aero Asset is an international helicopter trading and market intelligence firm headquartered in Toronto, Canada. With a multicultural team and decades of experience marketing and selling aircraft across the globe, the company has grown into a world-leading helicopter sales and market intelligence firm.

Aero Asset is a member of the Helicopter Association International, the Association of Air Medical Services, the National Aircraft Finance Association, the European Helicopter Association, and the National Business Aviation Association. 

For more information about the company, its inventory for sale, or its full scope of services and industry reports, please visit https://aeroasset.com.

NAFA member, Thomas W. Mitchell, Executive Vice President of Essex Aviation, discusses midsize private jet costs and benefits.

Executives and sales teams frequently choose to acquire or charter midsize jets for the economics, convenience, comfort and flexible travel capabilities. Certain midsize jets may only need between 3,500–5,000 ft. of runway to operate, making them ideal for quick trips between the many smaller private airfields.

So, why might a midsize private jet fit your needs and what are your options? In this guide, you’ll find pricing, specifications, recommendations and more.

What Is a Midsize Private Jet?

A midsize jet is a medium size class of private aircraft normally capable of a non-stop range of 2,500 to 3,500 miles, typically with an eight- to ten-passenger capacity. A bit larger than light jets, midsize private jets will offer more cabin space to accommodate expanded seating options, as well as head- and legroom. Most models have a cruising altitude speed in the range of 530 mph, but some — such as the Cessna Citation X — are designed to reach maximum speeds upwards of 700 mph.

Midsize jets are considered ideal for group business trips, regional travel or short intercontinental flights lasting five or perhaps six hours — think Boston to Dallas. They typically feature club-style seating, ample luggage space, a dedicated lavatory and a medium-size but functional galley. With an average takeoff requirement of less than 5,000 feet of runway, midsize jets are usually more than capable of accessing many small private airfields.

Read full article here

This article was originally published by Essex Aviation.

NAFA member, Global Jet Capital, releases their latest Business Aviation Market Brief.

The rapid expansion of the business jet marketing during the post-COVID recovery period slowed in 2023, although most indicators remained strong in comparison to the pre-COVID levels.

Business jet flight operations were down year-over-year, inventory levels climbed from an early 2022 low point, supply chain and labor constraints held back new deliveries, and pre-owned transactions slowed from recent high levels. Furthermore, while the economy proved resilient in 2023, many consumers, businesses, and economists remained uncertain about the future. Still, the business jet market had a positive finish to 2023: flight operations were strong, backlogs and lead-times at major OEMs were up, and inventory remained low, leaving the industry well positioned to weather any future economic downturn.

Read full Market Brief here.

This Market Brief was published by Global Jet Capital.

WASHINGTON, D.C. – Today, the General Aviation Manufacturers Association (GAMA) released the 2023 General Aviation Aircraft Shipments and Billings Report during its annual State of the Industry Press Conference. Overall, when compared to 2022, all aircraft segments saw increases in shipments and preliminary aircraft deliveries were valued at $27.8 billion, an increase of 3.6%. 

“For the first time in more than a decade, the general aviation manufacturing industry has eclipsed 4,000 aircraft delivered. In addition to this strong showing, there are robust and growing order backlogs for all segments of aircraft. This is a testament to the resilience of our industry and the integral role that general and business aviation plays in our communities. While the deliveries from 2023 are very encouraging, our industry faces headwinds from ongoing supply chain issues, workforce shortages, uncertainty and unpredictability from global regulators, and short-sighted efforts aimed at curbing business and general aviation, particularly in Europe. As civil aviation’s innovation incubator, our entire GA industry is focused on new aircraft and technologies that will lead the way in safety and sustainability for the entire aviation sector. This progress is dependent on having effective, predictable and accountable regulatory processes, and a supportive business environment. Therefore, it is crucial that the U.S. Congress passes a long-term FAA reauthorization bill, a fiscal year 2024 appropriations bill for the FAA, and a tax measure which is pending that promotes research and development. Likewise, non-U.S. global regulatory agencies must receive the proper budgetary support from their governments to carry out current and future activities. If political entities and regulatory bodies can deliver on their responsibilities, what our industry can accomplish in 2024 and beyond will be extraordinary,” said Pete Bunce, GAMA President and CEO. 

Read full release here

This press release was originally published by GAMA on February 21, 2024.

AvBuyer's Matt Harris caught up with NAFA member OGARAJETS’ Johnny Foster to discuss some of the key pre-owned aircraft sales market dynamics moving into 2024.

Closing 58 transactions representing nearly $700m in asset value, 2023 proved to be another record year for OGARAJETS, and Johnny Foster remains bullish for 2024 business opportunities.

For those following developments at the Atlanta, Georgia-based aircraft broker, this is not a coincidence. Just prior to the Covid pandemic in 2020, OGARAJETS entered its 40th year of operations, and marked the milestone by flipping its family business model on its head to strategically grow its small, boutique firm into an enterprise business.

“We spent more than a year developing a refined business model along with an aggressive 10-year strategic plan, which included a significant expansion of both sales and sales support, along with an underlying operating platform that would serve as a ‘common basis’ for all of our divisions to operate in sync,” says Johnny Foster, President and CEO of OGARAJETS.

“The onset of the pandemic allowed us the space to continue making investments and refinements without the interruption of transaction flow. However, by Q3 2020 the industry had made a complete 180-degree turn and has hardly looked back. With our new model fully deployed, we were well poised to take advantage of the skyrocketing market to come.”

Since 2019, OGARAJETS has grown its team from seven to 20 professionals, seen its annual transaction flow increase from 22 to 58 closings, and increased top-line revenue threefold.

Specifically in 2023 around 10% of OGARAJETS engagements involved representing clients in the acquisition of factory-new aircraft, Foster shares, while approximately 55% of the company’s exclusive engagements last year came from previous clients. “That translates into new client growth of 45%, which is a very exciting measure for us.”

Read full article here

This article was originally published by AvBuyer on January 31, 2024.

Media Contact

Pierre Bled
pyb@aeroasset.com
+1 732 578 8217

FOR IMMEDIATE RELEASE

Preowned Single-Engine Helicopter Market Slowdown Continues but Conditions Remain Strong            

TORONTO, Canada, January 22, 2024 – Aero Asset, a global helicopter sales and market intelligence firm, announced the release of Heli Market Trends 2023 Single-Engine edition. This report features proprietary market intelligence and analysis of the global preowned single-engine helicopter market.

“In 2023, pricing for single-engine helicopters remained strong even though retail sales volume reached its lowest level in three years,” said Valerie Pereira, Aero Asset’s Vice President of Market Research. 

The report shows retail sales volume decreased by 50% in 2023 versus 2022, while the supply of single-engine helicopters for sale ended 30% higher year over year. Average asking price increased 4% and the average transaction price increased 13% year over year. Absorption rate deteriorated through 2023 but ended the year at a reasonable one year of supply at current trade levels. 

Regions

The North American market saw the lion’s share of retail buyers. North America accounted for 62% of transactions last year followed by Latin America (14%), Asia Pacific (12%), and Europe (9%) with the remaining spread worldwide. Retail transactions to Europe dropped 70% year over year. 

At the end of 2023, the region with the largest share of supply of single-engine helicopters for sale was Europe (36%), followed by North America (22%), Asia Pacific & Latin America (17% respectively) and rest of world (8%). 

Liquidity

The most liquid preowned single-engine helicopter market in 2023 was the Bell 407/GX/P/I, followed by the Airbus AS350 B3/B3e/H125, and the Leonardo AW119K/Ke/Kx. The least liquid preowned market was the Airbus EC130 B4/H130. 

Download Heli Market Trends 2023 Single-Engine Edition 

Visit aeroasset.com/report to download the report with all its data and analysis as well as an interview of Alex Durand, CEO of SaxonAir. 

###

About Aero Asset Inc.

Aero Asset is an international helicopter trading and market intelligence firm, headquartered in Toronto, Canada. With a multicultural team and decades of experience marketing and selling aircraft across the globe, the company has grown into a world-leading helicopter sales and market intelligence firm.

Aero Asset is a member of the Helicopter Association International, the Association of Air Medical Services, National Aircraft Finance Association, the European Helicopter Association, and the National Business Aviation Association. 

For more information about the company, its inventory for sale, or its full scope of services and industry reports, please visit https://aeroasset.com.

Safe Harbor Statement

No representation, guarantee or warranty is given as to the accuracy, completeness or likelihood of achievement or reasonableness of any statements made by or on behalf of Aero Asset. The information contained herein should not be construed as advice to purchase or sell aircraft. Neither Aero Asset nor its owners, directors, officers, employees, agents, independent contractors or other representatives shall be liable for any loss, expense or cost (including without limitation, any consequential or indirect loss) that you incur directly or indirectly as a result of or in connection with the use of data or statements contained herein or otherwise provided by Aero Asset.

NAFA member, AMSTAT recently released their 2023 November - Q3 Preowned Business Aircraft Market Report.

This report examines supply, demand, asking prices and values in the preowned business jet, turboprop, and turbine helicopter markets. This report shows for jets and turboprops:

• There has been a relative slowdown in resale transaction activity, especially when compared to 2021 and 2022. However, in most market segments the first half of the year’s activity was in line with historical averages.
• A growing preowned inventory, with significant year-over-year increases, but still a lower percentage of the active fleet available for resale than historical averages.
• Ratcheted expectations from sellers of Medium Jets at least in terms of average asking prices.
• Plateaued and declining aircraft median values.

And for turbine helicopters:

• A relative slowdown in resale transaction activity, although better than pre-pandemic years in some market segments.
• A bottom seems to have been reached in preowned inventory levels.

• Preowned asking prices suggest improved seller sentiment.

Request report here

This report was originally published by AMSTAT in November 2023.

WASHINGTON, D.C. – Today, the General Aviation Manufacturers Association (GAMA) published the Third Quarter 2023 General Aviation Aircraft Shipment and Billing Report. The general aviation aircraft manufacturing industry’s results for the first nine months of 2023, when compared to the same period in 2022, show increased aircraft deliveries across all segments along with an increase in the overall value of the aircraft shipments.

“General aviation is the planet’s aerospace technology incubator that drives safety and sustainability benefits to our transportation systems and economies. We are laser focused on safety, technology and sustainability initiatives to maintain and expand our industry’s steadfast growth into the future. To achieve this, it is imperative that there is stability within our industry’s regulatory bodies and having a new permanent leader at the top of the FAA is a great start. It is also essential that Congress act now to pass an FAA reauthorization bill that provides the new Administrator and agency with the necessary direction and tools to strengthen and enhance the aviation system,” said Pete Bunce, GAMA President and CEO.

Aircraft shipments through the third quarter of 2023, when compared to the same period in 2022, saw piston airplanes increase 11.9% with 1,135 units, turboprops increase 14.6% with 439 units, and business jets increase 2% with 455 units. The value of airplane deliveries through the third quarter of 2023 was $14.5 billion, an increase of 2.5%.

Read full report here

This report was originally published by GAMA on November 21, 2023.

NAFA member, Global Jet Capital, recently released their Q3 2023 Business Aviation Market Brief.

The Global Jet Capital Market Brief covers the state of the aviation market for new and pre-owned business jets; including, an overview of overall economic conditions, business jet flight operations, pre-owned and new market conditions, business jet transactions, and changes in aircraft residual values. 

The report includes data and perspective on:

• General economic conditions
• Flight operations
• Fleet status
• New and used aircraft market conditions
• Transaction activity (new and used)
• Residual values
• Recent Global Jet Capital transactions

Read full Brief here

NAFA member, Aero Asset, has just released their HELI MARKET TRENDS Half Year 2023 Report - Twin Engine Edition. 

Here are some Key Findings:

LESS DEALS, MORE SUPPLY FOR SALE

• Total retail sales decreased 15% 1^st half of 2023 vs same period 2022 (YOY).
• Supply for sale was 18% higher year over year (YOY).
• Absorption rate increased to 14 months of supply at current trade levels.

WEIGHT CLASS PERFORMANCE

• Light & medium twin engine supply for sale increased 20% YOY.
• Medium twin engine retail sales volume decreased nearly 45% YOY.
• Light and Heavy retail sales remained stable over same period.

AVERAGE PREOWNED PRICES RESILIENT

• Light twin average transaction price (“ATP”) stronger YOY, except in Bell 429 & EC/H145 markets.
• S76C+ / C++ ATP up $175k & 1.3m respectively, whilst other medium ATPs were either flat or down YOY.
• S92 ATP was stable YOY, whilst EC/H225 ATP +$1.1m YOY.

REGIONS

• Sales volume increased worldwide except in North America & Europe 1^st half of the year vs. 2022.
• North America & Europe accounted for 75% of total transactions 1^st half of 2023.
• Supply for sale increased twice as much in North America then Europe in the 1^st half of the year.
• Supply for sale decreased 12% in Latin America 1^st half of the year vs. 2022.

DEAL PIPELINE

• The number of deals pending at various stages of transaction increased 32% 2Q 23 vs. 2Q 22.

LIQUIDITY LINEUP

• The best performing preowned twin engine market in 1^st half of 2023 was the Leonardo A109E Power, followed by the Bell 429 and the Sikorsky S92A.
• The AW169 is the only twin engine model with no retail sales over the 1^st half of 2023.

Full Heli Market Trends report available here

 This report was originally published by Aero Asset on September 21, 2023.