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  • NAFA Administrator posted an article
    GAMA Releases 2022 Aircraft Shipment and Billing Report see more

    WASHINGTON, D.C. – February 22, 2023 - Today, the General Aviation Manufacturers Association (GAMA) released the 2022 General Aviation Aircraft Shipment and Billing Report during its annual State of the Industry Press Conference. Overall, when compared to 2021, all aircraft segments saw increases in shipments and preliminary aircraft deliveries were valued at $26.8 billion, an increase of 6.0%.

    “The general aviation manufacturing industry continues to show increasing strength despite workforce and supply chain challenges across our industry. Our product development across the spectrum of fixed wing, rotorcraft and Advanced Air Mobility vehicles is spurred by the recognition that our industry is the safety and sustainability technology incubator for global civil aviation. These safety, performance and sustainability efforts are built upon progress with lighter weight materials, new structural and wing designs, fly-by-wire control replacing heavy hydraulic systems, additive manufacturing reducing the number of parts, lighter weight and more reliable avionics, and engines and airframes that can fly on a 100% sustainable aviation fuel blend. Of course, the impressive list of progress doesn’t even begin to touch on the revolution of electric, hybrid and hydrogen propulsion our companies are developing. As we look towards FAA reauthorization in the U.S., we will be looking for Congress to focus the FAA on improving their processes to facilitate the certification of new technologies as well as support their validation efforts globally to deliver safety, performance and sustainability benefits,” said Pete Bunce, GAMA President and CEO.

    Read full press release here.

    This release was originally published by GAMA on February 22, 2023.

  • NAFA Administrator posted an article
    IADA Comments on Impact of Higher Airplane Deliveries see more

    NAFA member, IADA, remarks on the aircraft resale market.

    WASHINGTON, Feb. 22, 2023 –The International Aircraft Dealers Association (IADA) is pleased to congratulate GAMA (General Aviation Manufacturers Association) member companies on their rising airplane billings and shipments in 2022. The aircraft resale association’s comments followed the release of annual new aircraft shipment report today at GAMA’s 2023 State of the Industry Press Conference here in Washington, D.C.

    “Higher deliveries and the substantial backlog by GAMA member companies will contribute to further normalizing the business aircraft resale marketplace, which is good news for aircraft buyers and sellers and our industry in general,” said IADA Vice Chair Phil Winters, who is Vice President of Aircraft Sales & Charter Management for Western Aircraft in Boise, Idaho.

    Read full press release here

  • NAFA Administrator posted an article
    Global Jet Capital's Q4 2022 Market Brief see more

    NAFA member, Global Jet Capital, released their 2022 Q4 Market Brief.

    The business jet market was strong in 2022. Flight operations improved on a year-over-year basis and manufacturers received a high level of orders. Transactions were down compared to a brisk 2021 but were higher than pre-COVID levels. Aircraft listings increased, although pricing remained stable as overall inventory levels were still low. The biggest question going forward is the health of the global economy, with many economists expecting a recession in 2023. Due to business aviation’s unique value proposition, the business jet market has remained resilient but will likely be tested this year.

    • While many economists forecast the global economy to experience a recession in 2023, Q4 2022 data indicates that the contraction may be less severe than originally expected.
    • While flight operations dipped slightly in Q4 2022, they remained nearly 18 percent above 2019 levels, demonstrating that the broadening of the business aviation user base has endured.
    • OEMs experienced robust demand in 2022, driving up backlogs. Strong deliveries and normalizing order intake during Q4 resulted in lower book-to-bill ratios.
    • Pre-owned transaction levels were down in 2022 compared to a red-hot 2021 but were higher than pre-COVID levels.
    • Inventory levels increased along with aircraft listings in 2022 but remained well below historical levels.
    • With demand strong and supply remaining low, business jet bluebook values increased in Q4, but signs that the market is normalizing began to emerge.

    View Global Jet Capital's Report here

    This report was originally published by Global Jet Capital on February 22, 2023.

     

  • NAFA Administrator posted an article
    Used Aircraft Maintenance & Marketability Analysis – November 2022 see more

    Eight consecutive monthly inventory increases coincided with all-time high average Ask Prices in November 2022. Which models were affected the most? NAFA member and Asset Insight President Tony Kioussis explores…

    Asset Insight’s tracked 134-model fleet achieved its eighth consecutive inventory increase with all four groups participating. November’s 9.6% rise in listed assets (93 units) equated to a 20.6% increase Year-to-Date (YTD) that left only Turboprop availability below the December 2021 level.

    While still 36.5% below the June 2020 overall inventory peak, the active fleet’s availability has now risen to 4.8%, which is higher than the 4.6% figure posted one year ago. At 10.3, Turboprops continued to offer the largest per-model aircraft selection, followed by Light Jets (10.1), Large Jets (6.8), and Mid-Size Jets (6.5).

    The Quality Rating’s 0.1% monthly improvement, albeit nominal, was the best figure since April’s 12-month high.

    On Asset Insight’s scale of -2.5 (low) to 10 (high), November’s 5.327 kept listed assets within the ‘Excellent’ range, and the Rating was 2.7% better/higher Year-over-Year (YoY), meaning fewer maintenance events coming due in the near future for the currently listed fleet.

    November’s Pre-Owned Aircraft Value Trends

    Led by Light Jet and Turboprop record-high Ask Prices, the tracked fleet’s average increased by 1.9% in November to a record-high overall value. While reflecting the eighth consecutive monthly rise, the increase was also the seventh consecutive 12-month high figure, and in November equated to 58.9% increase YoY, and 79.2% YTD.

    Read full report here

    This report was originally published by AvBuyer on December 22, 2022.

     

  • NAFA Administrator posted an article
    NAFA Welcomes New Member: GlobalAir.com see more

    National Aircraft Finance Association (NAFA) is pleased to announce that GlobalAir.com has recently joined its network of aviation professionals. GlobalAir.com connects professionals in the aircraft industry with relevant information and resources and has been aviation’s homepage since 1995.  

    “NAFA members proudly finance, support or enable the financing of general and business aviation aircraft throughout the world and extend a warm welcome to GlobalAir.com into our association,” said Jim Blessing, president of NAFA.  
     

    About GlobalAir.com: 

    GlobalAir.com is a partner for connecting aviation professionals with relevant information and resources. The GlobalAir.com website provides aircraft for sale and private jet listings, airport information for aviators, including weather and FBO fuel prices, the latest business and general aviation news, a national aviation events calendar and their aviation business directory.  
     

    GlobalAir.com also provides the following: 

    • Banner advertising
    • BrokerNet broadcasts 
    • BuyPlane App
    • Targeted email broadcasting 
    • Website development 
    • Digital Marketing 
       

    About NAFA:  

    The National Aircraft Finance Association (NAFA) is a professional association that has been promoting the general welfare of aircraft finance for 50 years. Our network of members is comprised of lenders and product service providers who work together to finance general and business aviation aircraft. NAFA sets the standard for best practices in aviation finance by educating its members with the most up-to-date industry trends and best practices. Government legislation, market influences and industry insights allow member companies to provide the highest quality services the industry has to offer. The company now has three offices: Geneva, New York City and Dubai. 

  • NAFA Administrator posted an article
    2022 Fourth Quarter Business Jet Model/Market Summary see more

    NAFA member, Duncan Aviation, shares their 2022 Fourth 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 seats-full range 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

    Click here to download the Business Jet Model/Market Summary

    This Market Summary was originally published by Duncan Aviation in December 2022. 

  • NAFA Administrator posted an article
    GAMA Releases Third Quarter 2022 Aircraft Shipment and Billing Report see more

    NAFA member, GAMA, released their recent Third Quarter 2022 Aircraft Shipment and Billing Report.

    WASHINGTON, D.C. – The General Aviation Manufacturers Association (GAMA) published the Third Quarter 2022 General Aviation Aircraft Shipment and Billing Report. The aircraft manufacturing industry’s results for the first nine months of 2022, when compared to the same period in 2021, point to increasing aircraft deliveries across all segments along with an increase in the overall value of the aircraft shipments.

    “Demand for general aviation aircraft remains hardy as our industry continues to strategically navigate ongoing challenges, which include issues with supply chain and workforce shortages within our industry and within global regulatory authorities. Deliveries are converging on, and in some cases surpassing, the levels we were experiencing prior to the pandemic, which is a testament to the strength of our industry and the importance and utility of general and business aviation,” said GAMA President and CEO, Pete Bunce. “As we look to the future, we must focus attention on the need for training of the regulator workforce and leveraging of bi-lateral safety agreements between regulatory bodies to improve both certification and validation processes.  At the same time our industry will continue to foster the momentum we have created on addressing environmental issues, which includes advancing technology that improves efficiencies of aircraft and operations; supporting the production, distribution and uptake of SAF; and futher developing hydrogen, electric and hybrid propulsion — all of which are important to meeting our business aviation commitment of net-zero carbon emissions by 2050.”

    Read full report here

    This report was originally published by GAMA on November 17, 2022.

  • NAFA Administrator posted an article
    Global Jet Capital Q3 2022 Business Aviation Market Brief see more

    NAFA member Global Jet Capital releases it's Q3 2022 Business Aviation Market Brief. 

    IN Q3 2022, THE BUSINESS JET MARKET EXHIBITED STRONG PERFORMANCE, CONTINUING A TREND THAT BEGAN IN THE SECOND HALF OF 2020.

    Driven by new users and returning customers, flight operations improved on a year-over-year basis, while demand translated into strong order activity as reported by manufacturers. Aircraft listings have increased in 2022; however, pricing remained stable in Q3 as overall levels were still low. With inflation and supply chain issues continuing in Q3, the biggest question going forward is the overall health of the global economy. Due to business aviation’s unique value proposition, strong demand, and pragmatic behavior by the OEMs, however, the business jet market has remained resilient.

    Read full brief here

    This market brief was originally published by Global Jet Capital in November 2022.

  • NAFA Administrator posted an article
    Used Aircraft Maintenance & Marketability Analysis – October 2022 see more

    New month, same market trends! The used aircraft inventory increased for a seventh consecutive month during October, while the average Ask Price posted a 12-month high figure. Which models were affected the most? NAFA member and Asset Insight President and CEO Tony Kioussis explores…

    With a 10.4% increase (92 aircraft), Asset Insight’s tracked 134-model fleet posted its seventh consecutive monthly inventory rise, with all four groups reflecting the availability increase.

    Year-to-Date (YTD), October’s listings were 10.1% higher (89 units), but remained 42.1% lower than the June 2020 peak. The active fleet’s overall availability has now risen to 4.3%, compared to the October 2021 figure of 5.7%.

    At 5.323, the Quality Rating posted its best (highest) figure since April’s 5.347 12-month high, and represented a 0.4% improvement over September’s 5.303, on Asset Insight’s scale of -2.5 (low) to 10 (high).

    The Rating pushed listed aircraft further into the ‘Excellent’ range, was 2.4% better/higher YoY, and signaled fewer maintenance events due in the near-term.

    October’s Pre-Owned Aircraft Value Trends

    The tracked fleet’s average Ask Price increased for the sixth consecutive month, and the 11.5% increase was also the sixth consecutive 12-month high figure. In fact, it was just $11k shy of the all-time high figure. October’s increase equated to a rise of 57.9% Year-over-Year (YoY), and 79% YTD.

    Read full report here

    This report was originally published by AvBuyer on November 17, 2022.

  • NAFA Administrator posted an article
    NAFA member Aero Asset shares their 2022 Half Year Report Heli Market Trends - Twin Engine Edition. see more

    NAFA member Aero Asset shares their 2022 Half Year Report Heli Market Trends - Twin Engine Edition.

    Heli Market Trends compiles 2022 Half Year performance of 13 twin engine models in the light, medium and heavy weight categories, from Airbus Helicopters H135 to Sikorsky S92. Market performance is ranked from most to least active.

    Download Report  

    This report was published by Aero Asset on September 5, 2022.


     

  • NAFA Administrator posted an article
    Ever Forward: 2022-2026 Jetcraft’s 5-Year Pre-Owned Business Jet Market Forecast see more

    NAFA member, Jetcraft, presents its annual pre-owned business jet Market Forecast exploring the persistent growth of business jet transactions throughout 2022 and how the market will continue to thrive over the coming five years.

    The only forecast of its kind to focus solely on pre-owned business jets.

    Ever Forward is our latest industry analysis offering a complete review of the pre-owned business jet market and assessment of buyer behavior to determine the number of transactions during the next five years and their associated value.

    Drawing upon 60 years of industry leading knowledge and data-science, our approach recognizes the potential of untapped market opportunities, how the market will rationalize and where demand from the younger first-time buyer is living.

    Our annual Market Forecast, Ever Forward: 2022-2026, is now available to view and download.

    View Forecast

    This forecast was originally published by Jetcraft in September 2022.

  • NAFA Administrator posted an article
    AMSTAT Q3 Business Aircraft Resale Market Update see more

    For immediate release:

    AMSTAT reports strong preowned Heavy and Super-Mid Jet transaction activity, low but increasing inventories and continued month-over-month value increases, albeit at a slowing rate.

    Tinton Falls, NJ – October 14, 2022:  AMSTAT, the leading provider of business aircraft market, fleet, and operator information for 40 years, has released its latest business aircraft market update webinar in conjunction with Bloomberg Intelligence and General Aviation Services.

    The webinar data showed that at the upper end of the market preowned transaction, activity remains robust with final transaction counts in the Heavy Jet segment for the first three quarters of 2022 likely to match the same period in 2021, and transactions in the Super-Mid segment exceeding the same period in 2021 by 4%.  In these same segments, inventories are up year-to-date but remain way below their 10-year average.  Robust demand and low availability continue to push values up with the Heavy Jet median value up 19% YTD and the Super-Mid median value up 31% year-to-date.

    Transaction activity in the Medium and Light Jet segments remains ahead of historical norms but is lower for the first three quarters of 2022 than the same period in 2021 by 18%.  However, for comparison, the transaction count for the Medium Jet segment is 30% ahead of the same period in 2019 and 33% ahead for the Light Jet segment.  As with the larger jets, the inventory levels in these segments are up but remain well below their 10-year averages.  Lower transaction activity seems to have slowed the increases in median values in Q3 with minimal changes in this metric in these segments since July.

    The preowned Turboprops market seems to have slowed.  Transaction counts for the first three quarters are 13% lower than last year and 4% below 2019 levels.  Inventory levels are up for turboprops but with 3.3% of the fleet for sale, these levels remain below their 7.2% 10-year average.  Values in this segment continue to go up but at a shallower rate than before.

    Overall, the ratio of pre-market and on-market transactions is changing.  Traditionally this ratio is around 60/40 but went up to 80/20 in 2021.  The data suggests a settling back of this metric to traditional levels in 2022.

    The report also noted that flight activity from charter and fractional programs has stabilized after reaching highs in 2021, suggesting that new users of these services have largely remained.  By comparison, activity from Part 91 flight departments continues to grow and now exceed 2019 levels.  The report also evidenced data on forward builds for avionics sales as further support for strong airframe OEM backlogs.

    At a macro level, GDP expectations for major economies are moving lower with consensus indicating a soft recession at the end of 2022, and into the first quarter of 2023 with sub 1% growth expected for 2023.  This will likely have a more pronounced impact on the owner flown Light Jet and Turboprop segments.

    To watch a video of the webinar and to access a copy of the slides, click on the following link:  https://tinyurl.com/bdh3kbh3

    AMSTAT will be demonstrating its services at NBAA-BACE, October 18-20, 2022, Orlando, FL in Booth #4051.

     

    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 x1470
    andrew@amstatcorp.com
    www.amstatcorp.com

  • NAFA Administrator posted an article
    AMSTAT Business Aviation Quarterly Report -October 2022- "Back To The Future, Not Unusual Business" see more

    Watch the latest business aircraft resale market quarterly update from AMSTAT, General Aviation Services and Bloomberg Intelligence.

    Content includes insights into:

    • Business aircraft segment value trends.
    • Resale transaction activity, resale inventory analysis and charter and fractional aircraft utilization.
    • Economic analysis with context for business aviation.

    Click here to access video.

  • NAFA Administrator posted an article
    NAFA member, AeroAsset, shares their Heli Market Trends Half Year 2022 Report and Key Findings. see more

    NAFA member, AeroAsset, shares their Heli Market Trends Half Year 2022 Report and Key Findings.

    Key Findings

    TRANSACTION VOLUME DOWN, SUPPLY SHRINKS
    • Total retail sales decreased 17% 1st half of 2022 vs same period 2021 (YOY).
    • Supply for sale was 30% lower year over year (YOY).
    • Absorption rate was slightly better YOY and stable vs previous semester.

     

     

     

     

     

     

     

     


    WEIGHT CLASS PERFORMANCE

    • Supply for sale continued to decrease in all asset classes through 2022.
    • Light & medium twin engine retail sales volume decreased nearly 20% YOY.
    • Heavy retail sales increased over same period.

     

     

     

     

     

     

     


    REGIONS & CONFIGS

    • North American & European sales volume accounted for 75% of total transactions 1st half of 2022.
    • Europe was the only region with a positive trend in transaction volume YOY (+4%).
    • Sales volume of VIP and utility configurations decreased by 25% YOY while EMS sales increased YOY.
     

    LIQUIDITY LINEUP

    • The best performing preowned twin engine market in 1st half of 2022 was the Airbus EC/H145, followed by the Leonardo AW139 and the Airbus EC/H135.
    • Two twin engine models saw no retail sales over the 1st half of 2022: the S-76D and AW169.

     

     

     

     

     

     

     

     

     

     

     

     



    DEAL PIPELINE 

    • The number of deals pending at various stages of transaction increased 20% 2Q 22 vs. 2Q 21.

    Full Heli Market Trends report available at https://www.aeroasset.com/en/report-download/S12022-Twins

    This report was originally published by AeroAsset in September 2022.

     September 21, 2022
  • NAFA Administrator posted an article
    NAFA member, Aero Asset, shares their latest Heli Market Trends Report. see more

    NAFA member, Aero Asset, shares their latest Heli Market Trends Report.  

    HELI MARKET TRENDS 

    2022 Half Year Report – Single Engine Edition

    Key Findings

    TRANSACTION VOLUME DOWN, SUPPLY SHRINKS 

    • Retail sales decreased 10% S1 2022 vs same period 2021 (YOY).
    • Supply for sale was 65% lower year over year (YOY).
    • Absorption rate decreased 63% YOY, to 3.5 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 2022.
    • Retail transactions to Europe dropped 50% YOY.
    • Europe accounts for 38% of supply for sale, North America 12%, LATAM 19% and APAC 17%. 

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    MARKET PERFORMANCE BY CONFIGURATION 

    • VIP singles accounted for 60% of all transactions S1 2022. • EMS supply for sale dropped to historic lows.
    • Utility supply for sale dropped 75% YOY. 

     

    LIQUIDITY LINEUP 

    • The most liquid preowned market during the 1st half of 2022 was the Airbus AS350 B3/B3e/H125, followed by the Bell 407/GX/P/I and the Airbus EC130 B4/H130. All three models boast only 3 months of supply at 1st semester trade levels. 
    • The least liquid preowned market during the 1st half of 2022 was the Leonardo AW119K/Ke/Kx, with an absorption rate of 10 months. 

     Full Heli Market Trends report available Click Here.

    This report was originally published by Aero Asset on July 10, 2022.