h2rB3076w4f
h2rB3076w4f
h2rB3076w4f
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MARKET DYNAMICS<br />
OFFER VS. DEMAND INDICATORS<br />
CIVIL HELICOPTERS<br />
2016 Q3<br />
OFFER VS. DEMAND RATIO<br />
Pre-owned Sales - Last 12 Months Q3 2016<br />
AVG. DAYS ON MARKET<br />
OFFER HIGHER<br />
OFFER LOWER<br />
% OF FLEET<br />
HELICOPTER<br />
SHORTER TIME<br />
LONGER TIME<br />
THAN DEMAND<br />
THAN DEMAND<br />
FOR SALE<br />
MODEL<br />
TO SELL<br />
TO SELL<br />
16.7%<br />
S76C+<br />
7.5%<br />
SIKORSKY<br />
S76C++<br />
1.4%<br />
S92A<br />
2.9%<br />
5.9%<br />
3.0%<br />
BELL HELICOPTER<br />
BELL 412EP<br />
BELL 412HP<br />
BELL 429<br />
14.5%<br />
AW109E PWR<br />
AVERAGE<br />
2.8%<br />
LEONARDO<br />
AW109SP GN<br />
AVERAGE<br />
2.4%<br />
AW139<br />
9.0%<br />
AS332L1<br />
2.9%<br />
H225<br />
5.8%<br />
2.1%<br />
1.4%<br />
AIRBUS HELICOPTERS<br />
EC135P2<br />
EC135T2<br />
EC145<br />
NO TRANSACTION<br />
26.7%<br />
EC155B<br />
7.1%<br />
H155<br />
350%<br />
300%<br />
250%<br />
200%<br />
150%<br />
100%<br />
50%<br />
0<br />
4.7% Avg.<br />
0 100 200 300 400 500 600 700 800<br />
Avg. AC for sale / Total sold in last 12 months<br />
Average Days For Sale on Market<br />
The pre-owned civil helicopter inventory value for sale is indicating<br />
signs of a potential course reversal with the average offer-to-demand<br />
ratio coming down from 328% to 276%. Although prices themselves<br />
have yet to come down and transactions are flat and relatively stable.<br />
The S92A, AW109SP GN and EC135T2 models all currently enjoy more<br />
demand than number of aircraft on offer, however with average days for<br />
sale now having increased from 467 to 502 days for the fleet, sellers of<br />
lower demand models such as the Sikorsky S76C+/++, the Bell 412EP/<br />
HP, AW109E PWR, AS332L1, EC155B and H155 Will need to adjust their<br />
price downwards to complete a transaction. With 4.7% of the fleet for<br />
sale, a low but steady level of transactions from a stable inventory,<br />
little movement in prices and aircraft staying longer on the market, it is<br />
still unclear whether the civil helicopter market will remain in a Buyer’s<br />
Market position, or improve towards easier marketability.<br />
Source: JETNET & ASG<br />
THIRD QUARTER 2016 — ASIAN SKY QUARTERLY | 25
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