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  • NAFA Administrator posted an article
    Midsize Private Jets: Costs, Examples & Best Uses see more

    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.

     March 01, 2024
  • NAFA Administrator posted an article
    Global Jet Capital releases latest Business Aviation Market Brief see more

    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.

     February 21, 2024
  • NAFA Administrator posted an article
    GAMA Releases 2023 Aircraft Shipments and Billings Report see more

    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.

     February 21, 2024
  • NAFA Administrator posted an article
    Pre-Owned BizJet Sales Trends to Watch This Year see more

    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.

     February 05, 2024
  • NAFA Administrator posted an article
    Preowned Single-Engine Helicopter Market Slowdown Continues but Conditions Remain Strong see more

    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.

     January 23, 2024
  • NAFA Administrator posted an article
    AMSTAT recently released their 2023 November - Q3 Preowned Business Aircraft Market Report. see more

    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.

     December 04, 2023
  • NAFA Administrator posted an article
    GAMA Releases Third Quarter 2023 Shipment and Billing Report see more

    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.

     November 22, 2023
  • NAFA Administrator posted an article
    NAFA member, Global Jet Capital, recently released their Q3 2023 Business Aviation Market Brief. see more

    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

     November 14, 2023
  • NAFA Administrator posted an article
    Aero Asset releases latest Heli Market Trends Half Year 2023 Report Twin Engine Edition see more

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

     


    Full Heli Market Trends report available here

     

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

     September 27, 2023
  • NAFA Administrator posted an article
    Global Jet Capital Releases Their Q2 Business Aviation Market Brief see more

    NAFA member, Global Jet Capital releases their Q2 Business Aviation Market Brief.  

    Coming off a very strong 2021 and 2022, the business jet market stabilized in H1 2023. Flight operations were down compared to 2022, but remained higher than pre-COVID levels, inventory levels continued to climb but remained below historical averages, and transactions declined from high levels over the past few years. While the economy remained resilient in Q2 2023, economists continue to keep a close eye on future macroeconomic conditions.

    Click here for Full Market Brief

    This Market Brief was published by Global Jet Capital on August 22, 2023.

     August 22, 2023
  • NAFA Administrator posted an article
    Aero Asset releases their Heli Market Trends Half Year 2023 Report Single Engine Edition see more

    NAFA member, Aero Asset, recently released their Heli Market Trends Half Year 2023 Report Single Engine Edition.

    Key Findings

    TRANSACTION VOLUME DOWN, SUPPLY FOR SALE RISES

    • Retail sales decreased 60% S1 2023 vs same period 2022 (YOY).

    • Supply for sale ended 70% higher year over year (YOY).

    • Absorption rate increased to 8.5 months of supply at current trade levels.












    ROBUST DEMAND FOR SINGLES IN NORTH AMERICA

    • North American buyers accounted for 2/3rd of all transactions S1 2023.

    • Retail transactions to Europe dropped 75% YOY.

    • Europe & North America account for 2/3rd of the worldwide supply for sale.

















    PREOWNED PRICING STRONG AGAINST FIRM OEM LEAD TIMES


    • Average asking price increased 11% YOY, buoyed by arrival of low time helicopters on the market.

    • Average transaction price increased 23% YOY.

    • Average days on market dropped 46% YOY.

     

     

    LIQUIDITY LINEUP

    • The most liquid preowned market during the 1st half of 2023 was the Bell 407/GX/P/I followed by the Airbus AS350 B3/B3e/H125, and the Airbus EC130 B4/H130.

    • The least liquid preowned market during the 1st half of 2023 was the Leonardo AW119K/Ke/Kx, with an absorption rate of 14 months.







     

     

    Download the full Heli Market Trends reports here: 
    https://www.aeroasset.com/en/report-download/S12023-Singles

     August 08, 2023
  • NAFA Administrator posted an article
    Preowned Aircraft Sales Market Conditions see more

    NAFA member Duncan Aviation releases their Preowned Aircraft Sales Market Conditions report.

    The current preowned aircraft market is extremely different from the first months of 2022. Nearly every market is down in pricing, as we’ve experienced a decline in value and demand. At the start of 2022, we saw just under 750 active on-market business jet listings, which had fallen to very low levels due to the pandemic and the consequent dramatic increase in the number of people flying private. That number was well below the pre-pandemic level of around 2,500, and as a result, prices were at an all-time high. We are now seeing the market starting to equalize as more aircraft are listed, and prices are beginning to drop. This is great when buying but not so great when selling.

    People are concerned about financial meltdowns, bank failures, and interest rate hikes, so some owners are selling their aircraft and reverting to charter. However, there continues to be a steady number of owners seeking to upgrade. I recently listed a 25-year-old Gulfstream for sale, the 5th on the market. Just a few months later, there were 20 of them available, putting buyers in a much stronger position.

    Read full report here

    This report was originally published by Duncan Aviation on June 6, 2023.

  • NAFA Administrator posted an article
    NAFA member, Global Jet Capital releases their Q1 2023 Business Aviation Market Brief. see more

    NAFA member, Global Jet Capital releases their Q1 2023 Business Aviation Market Brief.

    Coming off a very strong 2021 and 2022, the business jet market began to normalize in Q1 2023. Flight operations were down compared to 2022 (although still higher than pre-COVID levels), book-to-bill ratios were around 1-to-1, listings approached 2019 levels, transactions were down from highs in 2022, and values stabilized. The biggest question going forward for the industry is the threat of overall economic recession. Overall, the business jet market remains in a strong position, with demand and backlogs remaining at high levels and inventory remaining at low levels.

    Read full Market Brief here

    This Market Brief was originally published by Global Jet Capital on June 7, 2023. 

  • NAFA Administrator posted an article
    Check out Jetcraft’s 5-Year Pre-Owned Business Jet Market Forecast see more

    NAFA member Jetcraft releases their 2023 Pre-Owned Business Jet Market Forecast bringing together their unique understanding of the market and analysis of data gained from facilitating more than 800 transactions over the past decade.  

    Ever Forward 2023 explores the high demand from corporate buyers and how, now that they're flying more than ever before, they will impact business aviation's growth over the next five years.

    View Forecast here

    This market forecast was published by Jetcraft on May 24, 2023.

     

  • NAFA Administrator posted an article
    AMSTAT, Bloomberg Intelligence and General Aviation Services present their May 2 webinar. see more

    AMSTAT, Bloomberg Intelligence and General Aviation Services present their May 2 webinar entitled "A Return From Ludicrous Speed".  This webinar talks to:

    • Preowned business aircraft values.
    • Key data metrics and what they tell us about the current business aircraft market.
    • Updates on key economic data and the likely impact on business aviation.

    A recording of this webinar and accompanying slides can be found here:  AMSTAT, Bloomberg Intelligence and General Aviation Services - Business Aircraft Market Update Webinar – May 2023

    This webinar was originally published by AMSTAT on May 2, 2023.