Asian Sky Quarterly 2021 Q3
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MARKET UPDATE<br />
MEDIUM JET SHORT TERM MEDIAN VALUE (January 2020 – September <strong>2021</strong> % Value Change)<br />
10%<br />
Increase Decrease Total<br />
5%<br />
0%<br />
-5%<br />
-10%<br />
-15%<br />
- 20%<br />
-25%<br />
Oct15<br />
Oct1<br />
Sep15<br />
Sep1<br />
Aug15<br />
Aug1<br />
Jul15<br />
Jul1<br />
Jun15<br />
Jun1<br />
May15<br />
May1<br />
Apr15<br />
Apr1<br />
Mar15<br />
Mar1<br />
Feb15<br />
Feb1<br />
Jan15<br />
Jan1<br />
Dec15<br />
Dec1<br />
Nov15<br />
Nov1<br />
Oct15<br />
Oct1<br />
Sep15<br />
Sep1<br />
Aug15<br />
Aug1<br />
Jul15<br />
Jul1<br />
Jun15<br />
Jun1<br />
May15<br />
May1<br />
Apr15<br />
Apr1<br />
Mar15<br />
Feb15<br />
Feb1<br />
Jan1<br />
The short-term median value of Medium Jets has risen 26% over the<br />
past 12 months and after plateauing over the summer is now 5%<br />
ahead of its start of 2020 levels. The positive direction of values is<br />
in large part due to continued strong resale retail transaction activity<br />
with the first 8 months* of <strong>2021</strong> exceeding the same period in 2020<br />
by 71% and the same period in 2019 by 68%. Values have also been<br />
driven up by a contraction of supply, which is down 49% year-overyear<br />
in this market segment.<br />
LIGHT JET SHORT TERM MEDIAN VALUE (January 2020 – September <strong>2021</strong> % Value Change)<br />
0%<br />
Increase Decrease Total<br />
-5%<br />
-10%<br />
-15%<br />
-20%<br />
-25%<br />
-30%<br />
Oct15<br />
Oct1<br />
Sep15<br />
Sep1<br />
Aug15<br />
Aug1<br />
Jul15<br />
Jul1<br />
Jun15<br />
Jun1<br />
May15<br />
May1<br />
Apr15<br />
Apr1<br />
Mar15<br />
Mar1<br />
Feb15<br />
Feb1<br />
Jan15<br />
Jan1<br />
Dec15<br />
Dec1<br />
Nov15<br />
Nov1<br />
Oct15<br />
Oct1<br />
Sep15<br />
Sep1<br />
Aug15<br />
Aug1<br />
Jul15<br />
Jul1<br />
Jun15<br />
Jun1<br />
May15<br />
May1<br />
Apr15<br />
Apr1<br />
Mar15<br />
Feb15<br />
Feb1<br />
Jan1<br />
The short-term median value of Light jets has increased 20% over the<br />
past 12 months, but remains 5% below its January 2020 mark. As with<br />
other markets, this upward trend has been driven by increased resale<br />
transaction activity, up 67% during the first 8 months* of <strong>2021</strong> versus the<br />
same period in 2020 and up 64% versus the same period in 2019. The<br />
inventory in this segment has fallen 46% year-over-year. We believe that<br />
values in this segment have not recovered to early 2020 levels because<br />
it simply takes more to move the needle for Light Jets than larger jets.<br />
There are more of these aircraft and greater diversity. We will need to<br />
continue to see robust transaction activity to drive values higher.<br />
12 | ASIAN SKY QUARTERLY — THIRD QUARTER <strong>2021</strong>
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