Asian Sky Quarterly 2022 Q3

3RD QUARTER 2022 

Aircraft Spotlight 

DASSAULT FALCON 6X 

Features 

SINO JET’S SEAMLESS GREEN TRAVEL 

NBAA-BACE 2022 

AAM SPACS 

IADA 

WINGX ADVANCE 

Pre-owned Market 

GULFSTREAM G650 & G650ER 

Market Dynamics 

APAC INVENTORY LEVELS 

MARKET TRENDS 

CHANGING PRICE SIGNALS 

THIRD QUARTER 2022 — GLOBAL SKY QUARTERLY | I

CONTENTS 

05 

ASIA-PACIFIC BUSINESS JET 

FLIGHT ACTIVITY 

WINGX ADVANCE 

36 

CAPITALIZING ON THE FUTURE 

A report on why an increasing number of eVTOL 

companies are choosing to raise capital by merging with 

Asia-Pacific Business Jet Flight Activity 2022 Q3 Review 

special purpose acquisition companies. 

13 

ASIA-PACIFIC 

MOOD & INTENTIONS 

QUARTERLY SURVEY 

Results of our survey regarding the Asia-Pacific region’s 

40 

GLOBAL PRE-OWNED 

MARKET UPDATE 

AMSTAT 

A review of the global market for pre-owned business 

outlook on the COVID-19 pandemic, economic status, 

jets and turboprops. 

20 

aircraft utilization purchase intentions, and influencing 

factors. 

RECENT WORLD TOUR PREPARES 

WIDE-BODY FALCON 6X FOR 

SERVICE ENTRY 

DASSAULT AVIATION 

How Dassault’s new Falcon 6X has performed in the 

final flight test campaigns. 

45 

51 

PRE-OWNED 

MARKET SPOTLIGHT: 

GULFSTREAM G650 & G650ER 

An in-depth analysis of how Gulfstream’s G650 and 

G650ER have fared in the pre-owned market. 

MARKET DYNAMICS 

An analysis of APAC inventory levels, market trends 

24 

SINO JET INTRODUCES 

SEAMLESS GREEN TRAVEL 

EXPERIENCE 

SINO JET 

61 

and the changing price signals for the business jet and 

helicopter fleets. 

MARKET SUMMARY 

BUSINESS JETS 

How Sino Jet plans to integrate sustainability into its 

operations with the goal of going fully carbon neutral by 

2035. 

78 

MARKET SUMMARY 

HELICOPTERS 

27 

IADA MARKET REPORT 

The International Aircraft Dealer’s Association presents 

its third quarter market report. 

34 

NBAA-BACE ROLLS OUT 

OF ORLANDO 

A look at the business jets and eVTOLs on display at this 

year’s NBAA-BACE in Orlando, Florida. 

COVER IMAGE 

Dassault 

Falcon 6X 

THIRD QUARTER 2022 — GLOBAL SKY QUARTERLY | 1

EDITOR’S NOTE 

There are many ways and 

methods that you could use to 

predict the direction that your 

country's economy is heading. 

For some, it is the sales of trucks; 

for others it is the sales of coffee 

from fancy coffee shops. But 

one of the ways that the newer 

generation of owners use is the 

state of the sneaker market. 

For the uninitiated, the global sneaker market was worth 

USD$131.1 billion in 2021 according to online statistics 

database Statista. The value comes mostly from the resale 

market, with some of the more limited and coveted pairs – 

mostly collaborations with the likes of rapper Travis Scott, the 

late fashion designer Virgil Abloh’s Off-White, Tokyo streetwear 

designer Fragment, or an exclusive pair released at a special 

event – worth thousands of dollars, which is a big jump up from 

the USD$200 or so that they would have cost at retail. 

It is this exclusivity and scarcity that drives up values. Take the 

Jordan 5 Retro Tokyo T23s as an example. At retail, the sneakers 

would have cost around USD$200, however, they were only 

released to celebrate the opening of the Jordan Tokyo 23 store 

in Japan in 2011. The current value? USD$2,800, for a pair of 

size US 11s sold in October 2022 by online clothing and sneaker 

reseller StockX. Seems a lot for a pair of almost regular sneakers, 

especially as the only discernible difference is a Japanese 

stylized number “23” stamped on the heel. But, perhaps most 

shockingly, is that the USD$2,800 resale price is one of the lowest 

seen in recent years. The highest? USD$5,249. 

This is where we can start linking the sneaker market back to the 

global economy. Whilst our economic expectations were high 

during the first half of 2021, by last month, the grim reality had 

set in. But why is the sneaker market so important, and why does 

it matter? Vista’s big boss Thomas Flohr used to frequently wear 

white Converse to meetings and events, and I’m willing to bet a 

Chrome Hearts gift card that you’re more likely to see private jet 

owners wearing Off-White Jordan 1 Chicagos these days, rather 

than what my mother would call a pair of "proper" shoes. 

As the most recent sale of a pair of Jordan 5 Retro Tokyo T23s 

alludes to, the bottom has fallen out of the sneaker market in 

recent months. Much like with trucks, or coffee from fancy coffee 

shops, when we have to tighten our belts, we also stop buying 

things that aren’t essential to us. Fancy coffee? You can make 

your own less fancy one at home. USD$5,000 sneakers? Maybe 

those can wait. Because less people are buying, prices have gone 

down. What we were willing to pay when times are great is not 

the same price we are willing to pay when times aren’t as good. 

We have also seen this in the pre-owned private jet market, which, 

much like the sneaker market, is backing down from historical 

highs. This is something that we hinted at in the previous Global 

Sky Quarterly, with data from the International Aircraft Dealers 

Association (IADA) suggesting that we had seen the top of the 

market, and that prices were going to begin stabilizing. 

SPECIAL THANKS TO OUR CONTRIBUTORS AND SPONSORS 

2 | GLOBAL SKY QUARTERLY — THIRD QUARTER 2022

PUBLISHER 

This quarterly also includes the latest IADA market report, 

which suggests that whilst the market is slowing, many 

transactions are forecast to take place before the end of 

the year. Though the last quarter of the year is usually the 

busiest quarter for transactions, we are unlikely to witness 

the same record level of transactions seen in the past two 

years. 

Alongside all the usual hard data and intel that you have 

come to expect, we have a feature contributed by Dassault 

about the Falcon 6X’s world tour. We look back on the 2022 

NBAA-BACE which was held in Orlando, Florida in October, 

whilst our senior reporter Jeremy Chan covers advanced air 

mobility (AAM) companies that have gone public through a 

special purpose acquisition company (SPAC). Last, but very 

much not least, we zone in on the pre-owned Gulfstream 

G650/G650ER market. 

EDITORIAL & MARKET RESEARCH 

Alud Davies 

Bowen Zhang 

Casper Zhuang 

Jeremy Chan 

Liana Liu 

Mia Yao 

Silvia Huang 

Qianyun Zhou 

DESIGN 

Amy Liu-Lhuissier 

Luna Huang 

ADVERTISING/ENQUIRIES: 

Joey Wong 

jwong@globalsky.media 

(852) 9582 0117 

www.globalsky.media 

As always, we would like to take this opportunity to thank 

everybody that contributed to this issue of Global Sky 

Quarterly. 

Global Sky Media is part of Asian Sky Group. The materials and 

information provided by Global Sky Media in this report are for 

reference only. While such information was compiled using the best 

available data as of September 30, 2022, any information we provide 

about how we may interpret the data and market, or how certain 

issues may be addressed is provided generally without considering 

your specific circumstances. Such information should not be regarded 

as a substitute for professional advice. Independent professional 

advice should be sought before taking action on any matters to which 

information provided in this report may be relevant. 

Sincerely, 

Alud Davies 

Editor-in-Chief 

Global Sky Media 

Global Sky Media shall not be liable for any losses, damage, costs 

or expenses howsoever caused, arising directly or indirectly from 

the use of or inability to use this report or use of or reliance upon 

any information or material provided in this report or otherwise in 

connection with any representation, statement or information on or 

contained in this report. 

Global Sky Media endeavors to ensure that the information contained 

in this report is accurate as at the date of publication, but does not 

guarantee or warrant its accuracy or completeness, or accept any 

liability of whatever nature for any losses, damage, costs or expenses 

howsoever caused, whether arising directly or indirectly from any error 

or omission in compiling such information. This report also uses third 

party information not compiled by Global Sky Media. Global Sky Media 

is not responsible for such information and makes no representation 

about the accuracy, completeness or any other aspect of information 

contained. The information, data, articles, or resources provided by 

any other parties do not in any way signify that Global Sky Media 

endorses the same. 


Connecting The World 

to Your Dream 

Dedicated to Service Excellence 

Striving for excellence with over 10 years business aviation 

management services in Asia Pacific 

Commitment on Asset Management 

Providing a full life cycle management service for business jet owners, 

offering a seamless and safe travel experience 

Personal Bespoke Services 

Creating memorable and delightful In-flight 

experiences for our passengers 

Take your business travel to the next level. 

www.sinojet.org 

Aircraft Delivery | Business Jet Management | Air Charter | Maintenance | FBO | Premium Travel Services | Ground Handling 

Beijing • Hong Kong • Shanghai • Hangzhou • Guangzhou • Shenzhen • Chengdu • Xiamen • Zhuhai • Macau • Singapore

ASIA-PACIFIC 

BUSINESS JET 


2022 Q3 REVIEW 

Analysis by Liana Liu 

WINGX is a data research and consulting company, which provides actionable 

market intelligence to the global business aviation industry. Their interactive 

web-hosted dashboards provide their customers with the data-visualization they 

need to stay alert to market trends, keep tabs on market share, identify competitive 

threats and spot new sales opportunities. WINGX customers include aircraft 

operators, airframe, engine and avionics OEMs, airlines, maintenance providers, 

airports, fixed-based operators, satcom providers, fuel providers, legal advisors, 

leasing companies, banks, regulators, investors and private jet users. 

For further information and a free demo of their dashboards, please contact: 

Richard or Christoph at office@wingx-advance.com 

WINGX Data Source: ADSB and ATC 

DATA BY 



FLIGHTS DEPARTING FROM APAC 

Number of Departures 

YoY Trend 

3,526 

4,041 

4,582 

3,850 3,887 

4,149 

4,730 

4,946 

4,439 

4,573 4,534 4,586 4,643 

12.6% 

17.5% 

4.5% 

11.9% 

0.8% 

14.3% 

12.6% 

20.3% 

26.0% 

31.6% 

22.1% 

30.8% 29.7% 

Sep 

21 

Oct 

21 

Nov 

21 

Dec 

21 

Jan 

22 

Feb 

22 

Mar 

22 

Apr 

22 

May 

22 

Jun 

22 

Jul 

22 

Aug 

22 

Sep 

22 

Continuing on from the trend we saw in Q2 2022, business aviation 

flights saw 30% year-on-year growth in Q3 2022, with an average 

of 4,588 monthly flights. The focus of countries around the world 

has revolved around stimulating their economies over the past few 

months. However, global economic growth has recently started to 

slow down, as the International Monetary Fund pointed out in the 

latest world economic outlook. Flight activity in the Asia-Pacific 

region has subsided compared to the last two quarters. 

Southeast Asian countries, namely Singapore and Malaysia, are still 

taking the lead in Asia-Pacific flights. Long-range and international 

became the two keywords for the activity seen in the 2022 third 

quarter. Emerging markets not only stimulated business activity but 

also attracted overseas travelers and investors, and thus, saw an 

increase in business jet flight activity. 

DEPARTURES BY DATE 

Sep 2019-Sep 2020 Sep 2020-Sep 2021 Sep 2021-Sep 2022 

250 

234 

228 

200 

150 

100 

50 

0 

Sep Oct Nov Dec Jan Feb Mar Apr May Jun 

Jul 

Aug 

Sep 

A total of 228 departures were recorded on September 29 for the 

third quarter of 2022, which, however, still did not surpass the highest 

number seen in the previous quarter. Although flight activity in the 

third quarter of 2022 did not see an upward trend as at the beginning 

of the year, daily departures did observe a noticeable increase 

compared to the same timeframe last year and the year before. The 

average daily flight departures from Asia-Pacific in the third quarter 

of 2020 and 2021 were 117 and 149, respectively. Ultra high-networth 

individuals are the primary users of business jets. In addition 

to leisure travel, these flights may indicate a renewed interest from 

entrepreneurs to continue doing business or expand their business 

within the Asia-Pacific region. 



FLIGHT DURATIONS 

6,000 

5,000 

More than five hours 

4,000 

Four to five hours 

Three to four hours 

Two to three hours 

3,000 

One to two hours 

2,000 

1,000 

30 min to one hour 

0 

Max 30 min 

Sep 

21 

Oct 

21 

Nov 

21 

Dec 

21 

Jan 

22 

Feb 

22 

Mar 

22 

Apr 

22 

May 

22 

Jun 

22 

Jul 

22 

Aug 

22 

Sep 

22 

Flights started to lean towards 

international flights compared to the 

third quarter of 2021, with opened 

borders and relaxed quarantines 

being the main reason for this shift. 

American travelers and investors are 

the main contributors to the longrange 

flights observed in the Asia- 

Pacific region. Flights that last more 

than five hours increased by 114% 

versus the same quarter in 2021. 

DOMESTIC VS. INTERNATIONAL FLIGHTS 

2021 Q3 

2022 Q3 

Domestic Flights 

0 2,000 

International Flights 

79%, 8,449 21%, 2,285 

63%, 8,730 

4,000 

37%, 5,033 

6,000 8,000 

10,000 12,000 14,000 

Routes between Southeast Asian 

countries have gained popularity 

since the beginning of 2022 with 

eight of the top connections within 

this subregion. One main driver of 

business activity is Singapore's asset 

management industry, which grew 

to record size in 2021, outpacing 

global growth in the sector as many 

entrepreneurs and investors moved 

their funds to the city-state. Total 

assets increased by 16% in 2021 

to S$5.4 trillion, according to the 

Monetary Authority of Singapore. 

BUSIEST INTERNATIONAL ROUTES, Q3 2022 

Indonesia - Singapore 

Singapore - Indonesia 

Malaysia - Singapore 

Singapore - Malaysia 

199 

187 

India - United Arab Emirates 

167 

Japan - United States 

119 

Thailand - Singapore 

86 

Singapore - Thailand 

85 

Malaysia - Indonesia 

74 

Thailand - Cambodia 

71 

366 

363 




All countries/subregions with 

Greater China Japan India Malaysia Singapore Thailand 

a comparably large number 

of departures saw year-on- 

1,600 

year growth in business jet 

1,400 

flight activity, except for 

Greater China. Flight activity 

1,200 

in Japan started to slow 

down, but the country is 

1,000 

still seeing overall growth. 

As the Japanese Yen was 

800 

weaker against the United 

600 

States Dollar, it attracted 

international investors, which 

400 

resulted in rapid growth in 

the second quarter of 2022. 

200 

Now that the inflation rate 

in Japan has increased and 

0 

the government has begun 

Sep 

21 

Oct 

21 

Nov 

21 

Dec 

21 

Jan 

21 

Feb 

21 

Mar 

21 

Apr 

22 

May 

22 

Jun 

22 

Jul 

22 

Aug 

22 

Sep 

22 

to intervene in the exchange 

market, many businesses in 

FLIGHT ACTIVITY TREND 

2021 Sep - 2022 Sep 

Japan are unable to reverse 

their decline. This downturn 

also hampered growth in 

300% 

Japanese flight activity in the 

250% 

latest quarter. 

200% 

150% 

100% 

50% 

0% 

-50% 

-100% 

Greater China Japan India Malaysia Singapore Thailand 

Country/Subregion Number of Departures 2022 Q3 YoY Trend 

India 3,577 24% 

Greater China 2,073 -35% 

Japan 1,314 26% 

Although Southeast Asian 

countries are taking the 

lead in growth, India still 

dominates flight activity 

in Asia-Pacific, however 

growth was less pronounced 

compared to other 

Southeast Asian countries. 

The consumer electronics 

market in India continues to 

grow, and the government 

continues to promote related 

manufacturers to establish 

their presence in the country. 

This encourages people in 

the consumer electronics 

industry to book their trips to 

and from India. 

Singapore 1,136 251% 

Malaysia 1,029 103% 

Thailand 1,029 77% 



GREATER CHINA DEPARTURES 

Greater China continued to see negative growth in the third 

quarter mostly due to restrictive policies still in place. Hong Kong 

lifted its hotel quarantine policy in late September, however third 

quarter business jet flight activity has not yet fully reflected 

this. The majority of flights departing from Greater China last 

between 30 minutes to three hours, indicating that most flights 

are domestic. 

Mainland China Hong Kong 

Taiwan Macao 

1,400 

1,200 

1,000 

800 

600 

400 

200 

0 

Sep 

21 

Oct 

21 

Nov 

21 

Dec 

21 

Jan 

22 

Feb 

22 

Mar 

22 

Apr 

22 

May 

22 

Jun 

22 

Jul 

22 

Aug 

22 

Sep 

22 

FLIGHT DURATIONS IN GREATER CHINA 

1,400 

1,200 

1,000 

800 

600 

More than five hours 

Four to five hours 

Three to four hours 

400 

Two to three hours 

200 

0 

One to two hours 

30 min to one hour 

Max 30 min 

Sep 

21 

Oct 

21 

Nov 

21 

Dec 

21 

Jan 

22 

Feb 

22 

Mar 

22 

Apr 

22 

May 

22 

Jun 

22 

Jul 

22 

Aug 

22 

Sep 

22 



TOP OEM FLIGHT ACTIVITY, Q3 2022 

Flights 

2022 Q3 YoY Growth 

4,000 

105% 

3,500 

3,000 

3,564 

3,180 

3,103 

77% 

89% 

90% 

75% 

2,500 

60% 

2,000 

40% 

46% 

45% 

1,500 

26% 

26% 

1,664 1,443 

30% 

1,000 

7% 

15% 

500 

377 

304 

-10% 

0% 

0 

Bombardier Textron 

Gulfstream Dassault 

Embraer 

Boeing 

Honda 

128 

Other 

-15% 

Aircraft built by Bombardier, Textron, and Gulfstream accounted 

for 72% of flights departing from Asia-Pacific in the third quarter. 

Bombardier’s Global Express/6000/6500 remained the most 

popular model in the region, followed by another long-range 

aircraft - Gulfstream G650/G650ER. With 63% of Asia-Pacific flights 

still domestic, Embraer's Legacy 600/650 came in third. With 

international flights gaining more popularity, Boeing's BBJ family 

saw the greatest year-over-year growth in flight activity. 

TOP CITY FLIGHT ACTIVITY TRENDS 

Singapore continued to see the most flight activity in Asia-Pacific, 

with growth of roughly 250% compared with the same quarter last 

year. The development of the nation's financial system and tax 

exemptions attracted overseas investors to set up family offices in 

the city-state. Business engagement in Singapore also led to more 

business jet flights to and from the country bringing more flights 

in the surrounding countries, such as Indonesia, Malaysia, and the 

Philippines. 

Number of Departures YoY % 

Bangkok 

Beijing 

180% 

15% 

12% 

15% 

100 

35% 

123 

100% 

160 

33% 

173 

33% 

134 

26% 

151 

88% 

205 

80% 

196 

213 

88% 

205 

107% 

207 

127% 

234 

79% 

181 

203 

205 

-53% 

88 

-32% 

135 

-18% 

134 

-34% 

111 

-56% 

78 

-68% 

78 

-78% 

43 

-57% 

70 

-59% 

81 

-47% 

85 

-60% 

87 

Sep 

21 

Oct 

21 

Nov 

21 

Dec 

21 

Jan 

22 

Feb 

22 

Mar 

22 

Apr 

22 

May 

22 

Jun 

22 

Jul 

22 

Aug 

22 

Sep 

22 

Sep 

21 

Oct 

21 

Nov 

21 

Dec 

21 

Jan 

22 

Feb 

22 

Mar 

22 

Apr 

22 

May 

22 

Jun 

22 

Jul 

22 

Aug 

22 

Sep 

22 


THIRD QUARTER 2022 — GLOBAL SKY QUARTERLY | 11 

Sep 

21 

Sep 

21 

Sep 

21 

Feb 

22 

Jun 

22 

Dec 

21 

Apr 

22 

Aug 

22 

Oct 

21 

Nov 

21 

Mar 

22 

Jul 

22 

Jan 

22 

May 

22 

Sep 

22 

Sep 

21 

Feb 

22 

Jun 

22 

Dec 

21 

Apr 

22 

Aug 

22 

Oct 

21 

Nov 

21 

Mar 

22 

Jul 

22 

Jan 

22 

May 

22 

Sep 

22 

Hong Kong 

106 

126 

136 

111 

127 

121 

94 

113 

94 

105 

105 

107 

114 

-31% 

19% 

20% 

2% 

17% 

11% 

-3% 

-9% 

-15% 

-15% 

-43% 

-30% 

6% 

Manila 

Tokyo 

Jakarta 

149 

87 

292 

171 

226 

140 

290 

161 

257 

160 

215 

135 

229 

132 

261 

117 

151 

83 

193 

86 

253 

94 

178 

69 

173 

108 

39% 

58% 

96% 

97% 

60% 

49% 

85% 

77% 

24% 

72% 

17% 

78% 

46% 

47% 

74% 

86% 

70% 

34% 

65% 

21% 

56% 

47% 

15% 

6% 

New Delhi 

171 

278 

256 

254 

235 

235 

313 

305 

230 

161 

263 

258 

238 

19% 

44% 

9% 

10% 

21% 

7% 

37% 

13% 

18% 

-8% 

42% 

42% 

51% 

15% 

38% 

Singapore 

113 

378 

378 

380 

396 

344 

402 

223 

164 

147 

143 

152 

90 

-20% 

232% 

286% 

236% 

247% 

270% 

222% 

65% 

95% 

75% 

16% 

32% 

-11% 

98 

112 

87 

110 

160 

209 

244 

208 

169 

104 

123 

125 

111 

145% 

14% 

0% 

-7% 

54% 

179% 

239% 

215% 

173% 

63% 

71% 

79% 

79% 


Sep 

21 

Feb 

22 

Jun 

22 

Dec 

21 

Apr 

22 

Aug 

22 

Oct 

21 

Nov 

21 

Mar 

22 

Jul 

22 

Jan 

22 

May 

22 

Sep 

22 

Feb 

22 

Jun 

22 

Dec 

21 

Apr 

22 

Aug 

22 

Oct 

21 

Nov 

21 

Mar 

22 

Jul 

22 

Jan 

22 

May 

22 

Sep 

22 

Sep 

21 

Feb 

22 

Jun 

22 

Dec 

21 

Apr 

22 

Aug 

22 

Oct 

21 

Nov 

21 

Mar 

22 

Jul 

22 

Jan 

22 

May 

22 

Sep 

22 

Feb 

22 

Jun 

22 

Dec 

21 

Apr 

22 

Aug 

22 

Oct 

21 

Nov 

21 

Mar 

22 

Jul 

22 

Jan 

22 

May 

22 

Sep 

22


WE’VE 

REBRANDED! 

Asian Sky Media is now GLOBAL SKY MEDIA! 

Our new name reflects who we are today, and symbolizes where we want to be 

tomorrow. Our market intelligence and marketing solutions will go beyond the 

Asia-Pacific and include the Middle East, North America, Europe, and more. 

More news 

More market intelligence 

More marketing solutions 

Globally 

Visit our new website now: 




12 | GLOBAL SKY QUARTERLY — THIRD QUARTER 2022 

Global Sky Media, an ASG Company.

ASIA-PACIFIC 

MOOD & 

INTENTIONS 

QUARTERLY SURVEY

MOOD & INTENTIONS: QUARTERLY SURVEY 

QUARTERLY SURVEY 

RESPONDENT BREAKDOWN 

Respondent Location Breakdown 

South Asia (8%) 

Rest of the World (13%) 

Middle East & 

North Africa (22%) 

Top 10 Respondent’s Locations 

Malaysia (6%) 

Australia (7%) 

United Arab Emirates (8%) 

India (8%) 

73% of total 

respondents 

Oceania (5%) 

Southeast & 

Northeast Asia (29%) 

Greater China (23%) 

Philippines (5%) 

China (16%) 

Hong Kong (13%) 

Updates & Highlights in Q3 2022 survey 

1. We added three questions: The first two about carbon 

emissions, the third about the impact of the conflict in 

Ukraine. 

2. We expanded our survey coverage to include the Middle 

East and North Africa (MENA) 

3. The mood across APAC continued to sink, driven 

mostly by Greater China. 

4. COVID-19 restrictions continued to ease, with tentative 

signs of market demand returning in those countries/ 

regions. 

5. Aircraft utilization continued to increase across APAC, 

aside from in Greater China. 

6. Although aircraft purchase intentions seemed to 

increase, hesitations remain regarding pricing / demand 

in the current market environment. 

In Q3 2022 nearly 400 business aviation professionals responded 

to Global Sky Media’s latest quarterly survey about the mood and 

intentions in the industry. 

Pakistan (9%) 

Singapore (9%) 

Respondent’s Related Aircraft Type 

Turboprop (23%) 

Civil Helicopter (21%) 

Respondent’s Category 

Aircraft Sales / 

Charter Broker (18%) 

United States (10%) 

Indonesia (9%) 

Business Jet (56%) 

Aircraft Owner / Charter User (7%) 

The regions with the most respondents include: 

1. Southeast & Northeast Asia (29%) 

2. Greater China (23%, mainland China and Hong Kong as 

majority) 

3. Middle East & North Africa (22%, mainly from UAE, newly 

added in this quarter) 

4. South Asia (8%, mainly from India, newly added in this 

quarter) 

5. Oceania (5%). 

The majority (56%) of the respondents are related to business 

jets operations. 

In total, 75% of the respondents from this quarter’s survey are 

from aircraft services providers (FBO, MRO, etc.) and aircraft 

operators. This was followed by smaller percentages of aircraft 

brokers (18%), and aircraft end users (7%). The remainder of the 

respondents are from other associated areas. 

Environment & Politics 

In this quarterly survey we added a new set of questions to 

replace our COVID-19 series: 

Aircraft Operator / 

Management Company (34%) 

Service Providers 1 

(FBO, MRO, etc) (41%) 

1. Aircraft Service Providers includes financial services, training, FBO, ground handlers, Service, 

MRO, parts, etc. 

When we asked respondents if they had taken any measures 

to reduce their carbon emissions, only 38% said that they have. 

Whilst 69% of of respondents agree that we need to take action 

on climate change and need to reduce our carbon emissions, a 

surprising 4% were not concerned about the environment at all. 



Interestingly, when we asked respondents to rank 

factors that are most critical to the future of business 

aviation, “Carbon Emissions” came in last, whilst the 

most important factor for many quarters has been 

“Value for Price Paid”. 

We also asked about the impact of the conflict in 

the Ukraine. Overall, 76% of the respondents believe 

that the ongoing conflict will have an impact on their 

business, with 35% strongly believing it will have a 

negative impact. 

Utilization, Demand and 

COVID-19 Pandemic 

in Asia-Pacific 

In Q3 2022, only 60% respondents said that COVID-19 

was seriously affecting their business, which is the 

lowest percentage that we have seen since the 

question first appeared in our survey. Despite the 

current economic and political situation around the 

world, it seems like demand is finally returning to 

Asia-Pacific, especially in Southeast Asia. 

ENVIRONMENT & POLITICS 

Are you, your clients, or your authority currently taking any action 

for climate change? 

Not relevant to me (12%) 

No, and no plans yet (24%) 

Yes, we are proactively measuring carbon 

emissions and adopting new methods and 

technologies (SAF, eVTOL etc) (38%) 

No, but plan to in the near future (26%) 

Do you think the industry (BizAv & GA) should be doing more or 

should be doing less to address climate change & carbon emissions? 

Less (1%) 

We are doing OK (27%) 

Much less - climate change 

is a concept that needs proof (4%) 

Much more - serious actions 

need to be taken (39%) 

Do you believe the effects of the ongoing war between Russia and 

Ukraine will affect your business? 

More (30%) 

With Singapore's border fully open since April, 

this may be the reason why 77% of respondents 

from the region reported that their utilization had 

increased for the fourth quarter in a row. Operators 

in Oceania, South Asia and the MENA region also 

reported increased aircraft utilization. 

Hard to tell (16%) 

Strongly Disagree (3%) 

Somewhat Disagree (4%) 

Strongly Agree (35%) 

Somewhat Agree (41%) 

Greater China continues to stick to its COVID-zero 

policy, and as such there was almost no increase 

in aircraft utilization reported across the region. 

However, we anticipate an increase in Hong Kong in 

the fourth quarter in light of eased entry requirements 

and the scrapping of hotel quarantine. 

Purchase Intentions 

Large cabin jets are still favored in the Asia-Pacific 

region, especially in Greater China, where 45% of 

respondents prefered the category. In the Middle 

East & North Africa, Corporate Airliners are the most 

favored options. 

It is also the second quarter in a row that we have 

seen an increasing number of respondents indicating 

that the market is shifting from a seller's market to 

a buyer's market. The data in the Market Dynamics 

section appears to support this as we have seen a 

slowdown in transaction levels, mostly due to buyers 

taking their time to make final transaction decisions. 

COVID-19 IMPACT IN ASIA-PACIFIC 

Has the COVID-19 outbreak affected you or your organization’s 

business so far? 

6% 

3% 

1% 

2% 

2% 

0% 

1% 

1% 

Hard to tell 

5% 

5% 

3% 

2020Q1-2022Q3 

4% 

1% 

1% 

3% 

5% 

Rank the following factors that you think are critical to the future of 

business aviation / general aviation: 

Cabin Sanitation 

Carbon Emissions 

5% 

5% 

5% 

5% 

5% 

Not affected 

9% 

Value for Price Paid 

2.5 

4.3 

4.2 

3.7 

63% 

68% 

72% 

71% 

68% 

72% 

65% 

66% 

62% 

63% 

60% 

3.5 

Seriously affected 

2.9 

2.9 

Most Important 

27% 

28% 

25% 

Flexibility / Punctuality 

Customer Service 

24% 

25% 

23% 

29% 

27% 

28% 

28% 

Somewhat affected 

29% 

Privacy 

Maintenance Support 



Do you foresee market demand bouncing back in the 

next six months? 

In terms of your current level of business, how does your 

domestic business compare to your overseas business? 

40% 

Hard to tell at the moment 

38% 38% 36% 

27% 

No 

33% 

32% 

Yes 

30% 

Overseas business recovery is better 

than domestic business 

Hard to tell at the moment 

Domestic and overseas operations 

have not started to recover 

My business has not been affected 

by COVID-19 so far 

Domestic business recovery is better 

than overseas business 

24% 

36% 

2020 

Q1 

27% 

35% 

2020 

Q2 

29% 

34% 

2020 

Q3 

32% 

33% 

2020 

Q4 

44% 

30% 

2021 

Q1 

41% 

26% 

2021 

Q2 

38% 

31% 

2021 


37% 

33% 

2021 

Q4 

62% 60% 

66% 

12% 15% 

2022 

Q1 

14% 

26% 25% 

20% 


Q2 



100% 

90% 

80% 

70% 

60% 

50% 

40% 

30% 

20% 

30% 

8% 

16% 

34% 

10% 

13% 

0% 

Aircraft Operator / 

Management Company 

45% 

18% 

18% 

18% 

0% 

Aircraft Owner / 

Charter User 

41% 

5% 

15% 

34% 

5% 

Aircraft Sales / 

Charter Broker 

29% 

2% 

32% 

17% 

20% 

Other Related 

(FBO, MRO, etc) 

ECONOMIC STATUS 

Optimism Levels - Regional Differences 

100% 

Greater China SE & NE Asia Middle East & North Africa Oceania South Aisa Overall 

90% 

80% 

70% 

60% 

50% 

73% 

62% 

55% 

70% 

61% 

60% 

58% 

74% 

70% 

62% 

77% 

75% 

84% 

83% 

73% 

89% 

86% 

85% 

87% 

81% 

80% 

69% 

85% 

83% 

81% 

73% 

89% 

83% 

77% 

72% 

67% 67% 

60% 60% 

88% 

82% 

73% 

69% 

59% 

56% 

40% 

44% 

44% 

41% 

30% 

31% 

29% 

30% 

37% 

20% 

20% 

2019Q3 

2019Q4 

2020Q1 

2020Q2 


2020Q4 

2021Q1 

2021Q2 


2021Q4 

2022Q1 2022Q2 2022Q3 



What is Our Current Economic Status? 

Past Low Point 

30% 

35% 

19% 

23% 

26% 

27% 

30% 

41% 

40% 

40% 44% 

41% 40% 

Optimistic 

31% 

29% 

32% 

24% 

45% 

40% 

At Low Point 

54% 

42% 

45% 

46% 

32% 

31% 

29% 

Pessimistic 

38% 

41% 

50% 

48% 

29% 

32% 

28% 

31% 

16% 

17% 

15% 

14% 24% 

Not Reached Low Point 

2019Q3 2019Q4 2020Q1 2020Q2 2020Q3 2020Q4 2021Q1 2021Q2 2021Q3 2021Q4 

2022Q1 

2022Q2 

2022Q3 

PURCHASE INTENTIONS 

Where are We Currently in the Pre-owned Market? 

Buyer’s Market 

50% 

55% 

66% 

54% 

62% 

62% 

48% 

52% 

58% 

58% 

55% 

58% 

53% 

Balanced Market 

Seller’s Market 

I’m not sure 

28% 

17% 

6% 

21% 

15% 

9% 

13% 

12% 

8% 

22% 

13% 

11% 

18% 

13% 

8% 

17% 

10% 

30% 

15% 

8% 

29% 

19% 

0% 

26% 26% 

28% 

24% 

18% 

16% 

15% 

16% 16% 

9% 

12% 

9% 

4% 

0% 

0% 

2019 


2019 

Q4 

2020 

Q1 

2020 

Q2 

2020 


2020 

Q4 

2021 

Q1 

2021 

Q2 

2021 


2021 

Q4 


Q1 


Q2 



Purchase Intentions 2019Q3 - 2022Q3 

Yes, a new aircraft 

52.9% 

48.2% 

48.5% 

58.8% 

57.8% 

54.9% 55.6% 

52.1% 

52.7% 

55.0% 

45.5% 

42.9% 

39.9% 

Yes, a pre-owned aircraft 

No/I’m not sure 

26.7% 

20.4% 

28.0% 

23.8% 

26.4% 

25.1% 

21.9% 22.0% 

19.3% 

20.2% 

23.2% 

21.9% 

22.4% 

22.0% 

25.8% 

22.0% 

24.1% 

23.2% 

23.3% 

21.8% 

30.3% 30.2% 

24.2% 

26.9% 

31.9% 

29.0% 

2019 


2019 

Q4 

2020 

Q1 

2020 

Q2 

2020 


2020 

Q4 

2021 

Q1 

2021 

Q2 

2021 


2021 

Q4 


Q1 


Q2 





Regional Differences (Fixed Wing) 

Corporate Airliner 

Large Jet 

Medium Jet 

Small Jet 

Turboprop / Piston Fixed Wing 

Greater China 

15% 45% 

26% 

6% 8% 

Oceania 

6% 

31% 19% 

13% 

31% 

Southeast & 

Northeast Asia 

14% 28% 20% 

26% 

12% 

Middle East & 

North Africa 

41% 19% 

16% 

6% 

19% 

South Asia 30% 

20% 35% 5% 10% 

Aircraft Purchase Intention - Fixed Wing 

Aircraft Purchase Intention - Rotary 

Corporate Airliner 

(Such as ACJ, BBJ) 

Twin Turbine Helicopter 

(Such as Sikorsky S-76C+) 

Most Preferred 

Turboprop/ 

Piston Fixed Wing 

(Such as King Air Series) 

Large Jet 

(Such as G650, 

Falcon 8X) 

Most Preferred 

Small Jet 

(Such as Citation Series, 

Hawker Series) 

Midsized Jet 

(Such as Challenger 650) 

Piston Helicopter 

(Such as Robinson R22) 

Single Turbine Helicopter 

(Such as Bell 206) 

Purchase Decisions - Influencing Factors 1 No Need Price 

Government / Public Opinion 

Most Limited 

Greater China 

Oceania 

Inconvenient to Use 

(limited or inflexible operation) 

No Interesting Aircraft 

Southeast & Northeast Asia 

Grand Total 

1. Outer means more limited 



FLEET UTILIZATION 

How is Your Aircraft Utilization Compared to 12 months ago? 

100% 

50% 

0% 

Up by 

20% and more 

(>20%) 

Up but 

less than 20% 

(0 - 20%) 

The same (0%) 

Down but 

less than 20% 

(-20 - 0%) 

Down by 

20% or more 

(

SPONSORED CONTENT 

RECENT WORLD TOUR 

PREPARES WIDE-BODY 

FALCON 6X FOR 

SERVICE ENTRY 

Dassault Aviation is down to the final flight test campaigns before achieving certification and placing the 

Falcon 6X into service with customers. Those deliveries will take place in mid-2023 with first aircraft already 

undergoing cabin completion at the company’s Little Rock center. 

The 6X is Dassault’s most advanced aircraft yet and its largest 

and most comfortable. The cabin cross section (6.6 feet tall and 

8.6 feet wide) eclipses any other business jet - with the exception 

of the Falcon 10X now in development. The 6X is the largest 

aircraft in the long-range segment, and has the capability to fly 

over 11 hours and 5,500 nautical miles nonstop. It is a big jet that 

retains Dassault’s trademark short field capabilities, in large part 

due to the wing’s moveable slats that extend to provide high lift 

and low approach speeds. 

The 6X also retains typical Dassault efficiency through 

aerodynamics and the aircraft’s recently certified Pratt & Whitney 

812D engine, which provides double digit fuel efficiency gains 

over comparable earlier generation engines. The aircraft can 

operate on a blend of up to 50 percent sustainable aviation fuel. 

The 6X has marched through a certification program that began 

with first flight on March 10, 2021. As of writing in October 2022, 

Dassault Aviation test pilots are finishing verification flights with 

EASA and FAA pilots, which is the last step toward certification. 



Flight envelope expansion (including to .97 Mach, brushing the 

sound barrier) has been complete for months. 

In August, a flight test aircraft baked in the Tunisian desert at 

temperatures up to about 50°C to assure proper functioning in 

high heat and proper cooling while flying circuits at 10,000 feet 

over the desert. These were bookend tests to cold soak trials in 

the winter near the Arctic Circle in Canada, which involved aircraft 

operations after cold soaking overnight to -38°C. 

A full flight simulator for the 6X is up and running at CAE Burgess 

Hill in the UK and will be ready for training the first customer 

crews soon. Pilots will have a chance to train on the most 

advanced avionics yet installed in a Falcon. Its new EASy IV 

flight deck includes safety alerts to prevent runway overruns and 

detailed airport moving maps to make it easy to taxi in limited 

visibility, especially in complex airports with multiple runways 

and a maze of taxiways. Owners can now order dual head-up 

displays with the FalconEye combined vision system. Already, 

FalconEye operators with a single HUD can descend to within 100 

feet of the runway in limited visibility. 

The toughest test of all - the real world 

To give the 6X the kind of work out it can expect in customer 

operations, Dassault planned a grueling world tour to evaluate 

reliability far from testing bases in France. 

Within the month of 

July, the first production 

6X touched down in 

more than 50 cities 

on five continents 

(all but Australia and 

Antarctica), over 150 

flight hours." 

Serial number 004 experienced no aircraft-on-ground (AOG) 

issues and no delays. 

The aircraft was crewed over that time by a dozen pilots and 

several flight attendants. Also along to assess more than 250 

reliability items were dozens of engineers doubling as test 

passengers on various legs. 



At times, every seat was full, with 14 passengers dining; working; 

reclining, swiveling and tracking seats; video conferencing; 

adjusting the air conditioning; and running the water and lav 

systems. 

Connectivity was reported as excellent in remote parts of the 

world. Pilots gave all systems, including the 6X’s advanced digital 

flight controls, high marks and assessed performance as “spot 

on.” Measurements and passenger perceptions confirm the 6X 

as the quietest Falcon yet, even at high cruise speeds (which can 

generate more slipstream noise) up to Mach .88. The Falcon 8X is 

currently reputed to be the quietest business jet. 

The 6X operated at a high tempo, accomplishing four or five 

flights on some days. It’s longest leg was Paris to Los Angeles in 

11 hours and 20 minutes. The route flown was 5,150 nautical miles 

against headwinds and was completed with an hour’s reserve fuel. 

One hundred and twenty hours in a month is very high usage for 

a business jet, and is usually achieved only by some high-volume 

charter and fractional businesses. That a brand new, not-yet 

certificated business jet can sustain this level of activity speaks to 

its maturity. That its toughest critics—the engineers who designed 

it—give it high marks as passengers, also speaks well of the airplane. 

For Dassault, the 6X is just embarking on its most important mission, 

asserting its status as the largest and most capable jet in the 

popular 5,000 nautical miles—range category. 

www.dassaultfalcon.com 


Premium Protection and Peace of Mind 

CorporateCare® Enhanced 

Increased Asset Value, Increased Aircraft 

Availability, Remote Site Rescue and much 

more, all supported by the world’s largest 

global service network. 



EMPOWERING SUSTAINABLE TRAVEL 

WITH INTELDIGITAL INTELLIGENCE 

TECHNOLOGY 

SINO JET INTRODUCES SEAMLESS 

GREEN TRAVEL EXPERIENCE 

To actively address climate change and advocate green and sustainable development, Sino Jet, the largest 

business jet company in the Asia-Pacific region, has announced its goal of achieving carbon neutrality in its 

ground handling services and office operations by 2025 and in its overall business by 2035. 

As a leading business aircraft operator, Sino Jet provides comprehensive travel solutions with operation 

and maintenance licenses in China, the United States, Europe, Bermuda, the Cayman Islands, the Isle of 

Man, Guernsey, Aruba, San Marino and other major business aircraft registries. Sino Jet is also the first 

business jet company in mainland China to obtain IS-BAO Stage III certification for safe international 

operation. 



Sino Jet promotes sustainable business aviation through carbon emission management 

Sino Jet joins hands with HiPhi 

Building digital aviation to support 

sustainable development 

Sino Jet has always taken the lead in developing an information 

management system that covers the entire life cycle of a business 

aircraft. The system is able to provide aircraft owners with details 

about their aircraft, arrange flight operations and manage aircraft 

assets using technology. This further improves the safety and 

operational standards of aircraft and maximizes the value of 

aircraft assets. 

Sino Jet is currently developing a "carbon management" system 

for business aviation companies. Through the data collected 

from aircraft operations, maintenance, safety management, flight 

records and financial details, the greenhouse gas emissions of 

each flight can be calculated. The management system will also 

suggest emission reduction plans that are based on science and 

therefore standardized, quantifiable and traceable, leading to 

increased energy conservation and reduced emissions. This level 

of innovation strives to inspire business aircraft users to do their 

part in achieving carbon neutrality through green and sustainable 

business aviation. 

New-energy intelligent vehicles for 

seamless green travel 

Sino Jet has been saving energy and reducing emissions from both 

the sky and on the ground through partnerships in the industry. It 

has teamed up with HiPhi, a Shanghai-based electric automobile 

manufacturer under Human Horizons, to combine green and lowcarbon 

travel with luxury. HiPhi X will become its vehicle for daily 

operations, with shuttle services provided by Fast East Aviation 

Service Company and Nanchang FBO. 

The HiPhi X, a super SUV, combines the world's leading hardware 

and software technologies in creating a new category of vehicles 

with innovative design concepts for every scenario. Compared with 

fuel vehicles of the same class, the HiPhi X significantly reduces 

carbon emissions per mileage. 

According to Sino Jet, 

Sino Jet has been actively leading the industry to explore and 

study carbon neutrality. In this year's CFS Financial Summit, the 

International Green Zero Carbon Festival and the International 

Quality Festival, Sino Jet has won awards including “2022 

Model Enterprise for Sustainable Development”, “2022 Digital 

Transformation Driving Force Award”, “2022 Sustainable 

Development Model Enterprise”, “2022 Model Enterprise for Carbon 

Neutralization” and “Green Quality Model Award”. 

www.sinojet.org 

The significance of 

achieving carbon neutrality 

lies not only in saving energy 

and reducing emissions, 

but also in ensuring that key 

stakeholders work together 

in research and innovation 

in the world of business 

aircraft.” 


The Hub of 

Business Aviation 

06–08 December 2022 

DWC, Dubai Airshow Site 

#MEBAAShow 

MEBAA Show, the Middle East’s leading 

business aviation event is back again 

this December - bringing the business 

aviation community together in person 

to take advantage of the enormous 

growth predicted for this sector. 

Follow us on: 

| | | 

Register Now 

visitors@dubai.aero

IADA 

MARKET 

REPORT 

THIRD QUARTER 


WAYNE STARLING 

Executive Director, IADA 

IADA is proud to present its Third Quarter Market Report. The IADA Market 

Report has quickly become an essential tool for anyone interested in the 

business aviation market. 

The Market Report combines two essential elements. One is quantitative: 

the sales and transaction data provided by Aircraft Exchange. This data 

comes exclusively from IADA Accredited Dealers and Certified Brokers. More 

importantly, IADA Accredited Dealers buy and sell more aircraft by dollar 

volume than the rest of the world’s dealers combined. This means that the 

IADA Market Report is based on real sales data submitted by our global 

powerhouse collective of dealers and brokers. 

The second is qualitative: the opinions of IADA’s global membership. Together, 

they provide a unique temperature gauge measuring where our business 

stands now and, importantly, where our members believe the market is headed 

as we enter the fourth Quarter. 

The great news is that our business is thriving, in spite of the stressors 

affecting the global economy. The turbulence that we faced in 2020 and 2021 

has calmed down, bringing the market back to a more normalized pattern of 

transactions. 

In addition to the hard work and professionalism of our Accredited Dealers, we 

believe the strength and resilience of our industry has a number of factors: 

• There are new entrants in the market; we have an unprecedented number of 

first-time buyers. 

• Commercial airlines have cut back their services, especially in smaller 

cities. This has increased the need for private aircraft for individuals and 

businesses in those venues. 

• Our buyers and sellers are somewhat immune to current increases in 

interest rates. Over 60% of our transactions are paid in cash. 

We are proud of our contribution to understanding the business aviation 

marketplace. I'm proud to present this Market Report to you. I trust you'll find it 

as insightful as I do. 



GENERAL MARKET CONDITIONS 

The following data is derived from questions that measure 

members' overall perspectives on the future of the used aircraft 

sales market over the next six months, including finance, leasing 

and commissions. Responses are reported on a 1-5 scale, with 1 

meaning “worst ever" and 5 meaning “best ever." 

Respondents report that current market conditions are “normal" 

for Q3. Current market conditions are driven by a near-total lack of 

inventory and high demand. 

OVERALL MARKET CONDITIONS | Q3 YEAR OVER YEAR 

On a 1-5 scale, with 1 meaning “worst ever” and 5 meaning “best ever” 

Q3 2022 Q3 2021 

What is your assessment of the current 

business aircraft sales market? 

3.8 

4.3 

What is your projection for the business 

aircraft sales market six months from now? 

3.2 

3.8 

Similar to 2021, 2022 

started with optimistic 

sentiment and trended 

What is your projection for the aircraft finance 

market six months from now? 

2.8 

3.4 

back toward normal 

levels by Q3. 

What is your projection for the aircraft leasing 

market six months from now? 

2.7 

3.2 

OVERALL MARKET CONDITIONS FOR SALES, FINANCE, LEASING AND COMMISSIONS 


What is your assessment of the current business aircraft sales market? 

2021 MEAN 2020 MEAN 

5 

BEST EVER 

4 

4.1 4.1 

3.7 

3.8 

3.9 

3 

3.4 

NORMAL 

2 

1 

WORST EVER 

0 

Q4 2021 MEAN Q1 2022 MEAN Q2 2022 MEAN Q3 2022 MEAN 



What is your projection for the business aircraft sales market six months from now? 


5 

BEST EVER 

4 

3 

3.8 

3.9 

3.3 

3.2 

3.7 

3.1 

NORMAL 

2 

1 

WORST EVER 

0 

Q4 2022 MEAN Q1 2022 MEAN Q2 2022 MEAN Q3 2022 MEAN 

What is your projection for the aircraft finance market six months from now? 


5 

BEST EVER 

4 

3 

3.2 

3.4 

2.8 2.8 

3.3 

3.0 

NORMAL 

2 

1 

WORST EVER 

0 


What is your projection for the aircraft leasing market six months from now? 


5 

BEST EVER 

4 

NORMAL 

3 

3.1 3.1 

2.5 

2.7 

3.1 

2.7 

2 

1 

WORST EVER 

0 




6-MONTH MARKET SECTOR OUTLOOK 

The Q3 responses show a slight increase in demand as well as 

supply in the turboprop market for the next six months with the light 

jet, mid-size jet, and ultra-long-range jet markets stabilizing in both 

supply and demand. Pricing across all aircraft categories is projected 

to stabilize. 


PROJECTIONS FOR THE PRE-OWNED TURBOPROP MARKET FOR THE NEXT SIX MONTHS 

Pricing Supply Willingness to Inventory Demand 

5 


SIGNIFICANT 

INCREASE 

4 

SLIGHT 

INCREASE 

3 

STABLE 

3.8 

3.8 

3.4 

2.5 

3.8 

3.8 

3.2 

2.4 

3.5 

3.0 

3.0 

2.7 

3.6 

3.0 

2.8 

2.7 

2 

SLIGHT 

DECREASE 

1 

SIGNIFICANT 

DECREASE 

0 

PROJECTIONS FOR THE PRE-OWNED LIGHT-JET MARKET FOR THE NEXT SIX MONTHS 


5 


SIGNIFICANT 

INCREASE 

4 

SLIGHT 

INCREASE 

3 

STABLE 

4.0 

4.0 

3.7 

3.8 

3.8 

3.3 

2.6 

3.6 

3.1 

3.0 

2.9 

3.5 

2.9 

2.8 

2.7 

2 

2.4 

SLIGHT 

DECREASE 

1 

SIGNIFICANT 

DECREASE 

0 



PROJECTIONS FOR THE PRE-OWNED MID-SIZE MARKET FOR THE NEXT SIX MONTHS 


5 


SIGNIFICANT 

INCREASE 

4 

SLIGHT 

INCREASE 

3 

STABLE 

4.0 

3.9 

3.6 

2.4 

3.9 

3.9 

3.1 

2.7 

3.6 

3.6 

3.0 

2.9 

2.9 

2.9 2.7 

2.7 

2 

SLIGHT 

DECREASE 

1 

SIGNIFICANT 

DECREASE 

0 

PROJECTIONS FOR THE PRE-OWNED LARGE AND ULTRA-LONG-RANGE JET MARKET 

FOR THE NEXT SIX MONTHS 


5 


SIGNIFICANT 

INCREASE 

4 

SLIGHT 

INCREASE 

3 

STABLE 

3.9 

3.6 

3.2 

2.4 

3.6 

3.5 

2.9 

2.7 

3.6 

2.9 

2.8 

2.7 

3.5 

2.7 

2.6 

2.5 

2 

SLIGHT 

DECREASE 

1 

SIGNIFICANT 

DECREASE 

0 



MONTHLY ACTIVITY REPORTS 

The perspectives and projections from IADA Members for the 

IADA Market Report are supported by the monthly transaction/ 

activity reports submitted by IADA Accredited Dealers through 

AircraftExchange. 

Please note that, in addition to sales data from AircraftExchange 

listings, the IADA Market Report includes data from all IADA 

Accredited Dealer activities and transactions, reported in total. 

Herein is a summary of those reports. 

DEALER ACTIVITY | Q3 YEAR-OVER-YEAR 

Q3 2022 Q3 2021 

NEW ACQUISITION AGREEMENTS 

162 

190 

RETAINED TO SELL EXCLUSIVELY 

128 

210 

Dealer activity shows a 

shift away from a seller's 

market compared with 

LOWERED PRICE 

7 

31 

the same time last 

year. Q4 performance is 

expected to be brisk. 

FELL APART 

42 

40 

UNDER CONTRACT 

255 

360 

CLOSED DEALS 

331 

340 

IADA DEALER ACTIVITY YEAR-TO-DATE COMPARISON 

2021 Q3 YTD 2021 YEAR TOTAL 

2022 Q3 YTD 


488 

519 

698 


418 

511 

552 

2022 performance is on 

pace to meet or exceed 

2021 benchmarks, with 

LOWERED PRICE 

45 

59 

50 

the exception of deals 

under contract. 

FELL APART 

121 

127 

160 


938 

745 

1245 

CLOSED DEALS 

869 

929 

1370 



IADA DEALER ACTIVITY REPORT 

Q4 2021 Q1 2022 Q2 2022 Q3 2022 


210 

223 

134 

162 

Q3 ‘22 

162 


134 

155 

146 

210 


210 

LOWERED PRICE 

5 

6 

22 

31 


31 

FELL APART 

39 

45 

40 

42 


42 


307 

259 

231 

255 


255 

CLOSED DEALS 

501 

288 

310 

331 


331 

TOTAL CLOSED DEALS BY QUARTER 

2020 2021 2022 

554 

501 

288 

316 310 

283 

340 

331 

124 

213 

174 

Q1 Q2 Q3 Q4 


NBAA-BACE ROLLS OUT 

OF ORLANDO 

By Alud Davies 

Traditionally the National Business Aviation Business Aviation Association's Convention and Exhibition, NBAA- 

BACE, has alternated between Orlando, Florida, and Las Vegas, Nevada, as there are only two exhibition spaces 

big enough to hold the show in the US. 

But a new deal will see the show move to Las Vegas for at least the next 

four years, much to the pleasure of many. That’s not to say that Orlando 

is without its charms, it is just that people tend to prefer Las Vegas. 

So the last show in Orlando, for the time being at least, went ahead 

with the usual pomp and ceremony you’d expect. The halls were 

packed, the static display jammed, and everybody agreed that it was 

the best NBAA-BACE of recent years. 

Two seemed to be a theme, as Cirrus also took along two of its 

VisionJets. 

The G800 that Gulfstream displayed was the very first aircraft built, 

serial number 80001, complete with “Experimental” titles and a 

long boom sticking out of the front of the nose. It is the first of two 

In the static display the show was notable for Gulfstream’s new G800 

making its public debut, as well as Dassault’s Falcon 6X making its 

US debut. 

Not satisfied with showing 

its G800 for the first time, 

Gulfstream also brought 

along two G700s.’’ 

Gulfstream G800 

34 | THIRD QUARTER 2022 — GLOBAL SKY QUARTERLY

NBAA-BACE ROLLS OUT OF ORLANDO 

in its simplicity and designed to show just how simple an eVTOL's 

interior could be, whilst the flight simulator took visitors on a trip 

around the New York skyline, hoping from building to building with 

ease and at a speed unheard of in the city. 

Dassault’s Falcon 6X 

test aircraft, and will essentially be used for air data calibration and 

reduced vertical separation minimums (RVSM) compliance. The 

two Gulfstream G700s will be used by Gulfstream on a world tour to 

visit customers and potential customers. The two aircraft will start 

from opposite sides of the world, and will visit countries in South 

America, Europe, Africa and Asia, as well as events in the Middle East 

including shows in Riyadh, Bahrain and Dubai. 

Although most aircraft were a short coach ride away at Orlando 

Executive Airport, the convention halls held several advanced air 

mobility (AAM) electric take off and landing (eVTOL) aircraft. Hard 

to miss was the bright yellow Wisk Cora, it’s first generation eVTOL. 

For many it was the first time to be able to get up close and personal 

with the all-electric self-flying eVTOL, which Wisk had previously 

shown in Australia and the UK. The Cora sat as part of an AAM 

corner, which also included displays by fellow AAM companies Jaunt, 

and Overair. 

Also on display was a cabin mockup from Supernal, who took the 

opportunity to demonstrate its vision of AAM by having its cabinmockup 

as part of a flight simulator. The cabin mockup itself, whilst 

not necessarily representative of the finished version, was beautiful 

NBAA-BACE is of course a time that many companies tend to 

release their major news, with the Monday being littered with press 

conferences. This year, whilst there was a lot of news, there wasn’t 

much major news. Gulfstream announced that it would take its G700s 

on a world tour, and Honda released an updated HondaJet called the 

Elite II. Elsewhere, JetNet announced that it would be acquiring Asset 

Insight, FlyExclusive continued to make Textron happy with further 

Citation orders, and Web Manuals upgraded its app. 

As always, the event was also host to a number of personalities, this 

year featuring astrophysicist Neil deGrasse Tyson, Monica Barbaro 

– an actress that starred in the second Top Gun film – and NASCAR 

racer Dale Earnhardt Jr. All three spoke separately on the mainstage 

in the convention halls about different topics. Later, Barbaro was 

given a quick tour of the static display before being whisked back off 

to Los Angeles on a chartered Cessna Citation X. 

With the event drawing to a close, many drew comparisons between 

the event and the events that had taken place pre-pandemic. There 

were fewer people in attendance, but aside from the last day this was 

not noticeable. The halls were packed with exhibitors as they were 

before COVID-19, so the only real difference was the number of social 

events, which seemed lower than in previous years. 

For some, NBAA-BACE being in Orlando was a great excuse to 

combine a business trip with a family holiday to Disney, whilst for 

others the event being in Orlando was a great excuse to miss the 

trip completely. So as NBAA-BACE waves goodbye to Orlando for 

the foreseeable future, it's worth just remembering one thing: What 

happens in Vegas doesn’t always stay in Vegas. 

Gulfstream G700 

Wisk Cora 


CAPITALIZING 

ON THE FUTURE 

By Jeremy Chan 

The past two years have seen more electric vertical take-off and landing (eVTOL) companies merge with 

special purpose acquisition companies (SPACs) than ever before. While SPAC listings offer a feasible way for 

budding manufacturers to make their mark in the advanced air mobility industry, other challenges such as 

certification and a lack of talent within the AAM sector still linger in the air. 

When Joby Aviation went public on the New York Stock Exchange 

in August 2021, the company raised more money from the deal than 

any electric aircraft maker had ever done before. 

The listing helped the company to raise USD$1.1 billion – more than 

the USD$857.6 million Archer Aviation pocketed from its listing and 

nearly double the USD$584 million Lilium netted in September 2021. 

Joby Aviation, an electric vertical take-off and landing (eVTOL) aircraft 

developer, went public by merging with a special purpose acquisition 

company (SPAC), which is a shell corporation that is listed on a stock 

exchange that can merge with or acquire private companies. 

There are many reasons why more and more companies are listing 

via a SPAC merger. SPACs, or blank-check companies, help earlystage 

but high-growth corporations to go public in as little as 

eight weeks, bypassing the often tedious traditional initial public 

offering process, which can take anywhere between six months 

to two or even three years. Investor capital is also relatively safe; 

SPACs generally have 18 to 24 months to find a private company 

to merge with or acquire, and failing to do so will mean that any 

sort of capital that investors have put in is returned to them. The 

limited time window also presents an opportunity for the owners of 

the target company to negotiate a lower price with the SPAC for the 

merger. Being acquired or merging with a SPAC – which is typically 

sponsored by prominent business executives – provides the target 

company with enhanced market visibility. 

Though SPACs have been around for almost three decades, SPAC 

listings saw an explosion in popularity during the global pandemic 

in 2020 – with 248 SPACs listings to be exact – accounting for 

more than half of newly-listed U.S. companies, according to SPAC 

Analytics, a data provider. The year 2021 saw even more SPAC 

listings, with 613 SPAC IPOs, accounting for 63 percent of all IPOs in 


SPAC FEATURE STORY 

plans for a SPAC merger in November 2021, citing an “unfavorable” 

environment for SPAC transactions at the time. The company also 

wanted to avoid the risk of seeing investors redeem shares instead 

of remaining invested, which would have decreased the company’s 

overall valuation (Joby and Lilium both saw shareholder redemptions 

of about 65 percent, while Archer managed to hold redemptions to 

48.5 percent). 

the US. Activity, however, has eased this year, with only 82 SPAC IPOs 

seen in 2022 so far. 

Joby is one of six eVTOL aircraft companies that listed on a stock 

exchange through a SPAC merger in the last two years; eVTOL 

developers Vertical Aerospace, Blade and Eve Air Mobility also went 

public through SPAC mergers, raising more than USD$3.75 billion 

in total. 

Rapid funding 

SPAC mergers essentially help companies quickly raise a large 

amount of funds, which is crucial for an industry that is as nascent 

– and under pressure to succeed – as the advanced air mobility 

(AAM) sector. With some companies such as Archer Aviation, Lilium 

and Vertical Aerospace hoping to commence operations by 2024, 

having ready access to capital will enable eVTOL companies to ramp 

up production of aircraft and increase the likelihood of the company 

staying solvent, for example. 

Lilium, which merged with a SPAC called Qell Acquisition Corp, is 

expected to use the funds raised from the SPAC to fund the launch 

of its seven-seater Lilium Jet. The company’s existing shareholders 

are reported to have rolled 100 percent of their shares into the 

combined company, according a press release Lilium issued 

following the merger. 

Volocopter has opted to raise money through investors, raising more 

than USD$579 million in equity from investors including automotive 

manufacturers Geely and Mercedes-Benz Group, real estate 

developer WP Investment, and investment management companies 

Intel Capital and BlackRock. 

Regulatory hurdles 

Beyond having enough capital to kickstart operations, another 

obstacle all eVTOL aircraft companies have to face is the Federal 

Aviation Administration’s certification process. 

Two main types of FAA certification are required for any commercial 

aircraft – the first one is a type certification, under which the FAA 

agrees that the design of the aircraft meets all requisite safety and 

airworthiness standards, while the second one is an air operator’s 

certificate, which is when an aircraft operator receives approval 

from a civil aviation authority and is permitted to use aircraft for 

commercial purposes. 

Though the AAM industry believed that eVTOLs would be subject 

to the same FAA certifications – under Part 23 of the federal code, 

which is used to certificate conventional commercial aircraft – 

the FAA announced in May 2022 its choice to define eVTOLs as 

“powered lift” vehicles, meaning that they have to be certificated 

under Part 21.17(b) special class rules. The changes take into 

account the need to train and certify pilots to safely operate eVTOLs 

and the overall safety of these new transportation vehicles. 

Joby Aviation, on the other hand, plans to use to proceeds to fund 

its business through its commercial operations, including the 

certification of its aircraft and the development of manufacturing 

facilities. Or as JoeBen Bevirt, Chief Executive Officer of Joby 

Aviation, noted in the company’s press release following its listing: 

“Today’s transaction lets us look ahead to the next decade and 

provides us with the resources we need to bring our vision to life.” 

SPAC listings, however, aren’t the only way for eVTOL companies to 

raise capital. German aircraft manufacturer Volocopter called off its 


SPAC FEATURE STORY 

A May 2022 study conducted by the US Government Accountability 

Office, a legislative branch that provides auditing, evaluation, and 

investigative services for the Congress into the AAM market also notes 

that pilots and maintenance technicians will need to be trained in 

skills related to automation and electric propulsion. The report, which 

surveyed 36 stakeholders, noted the need to address certain issues 

before operations can be widely implemented, such as approving new 

aircraft designs, fostering public acceptance of AAM, and developing 

new ground infrastructure. 

The pressure on the FAA to quickly come up with new rules needed 

to kickstart commercial eVTOL operations is compounded by the 

fact that many eVTOL startups are backed by major airlines or other 

large companies: Toyota Motor Corp and Uber have a stake in Joby 

Aviation, Archer Aviation is backed by United Airlines – which in 

February 2021 reached a US$1 billion deal to buy Archer’s eVTOLs, 

and in September 2022, also agreed to buy 200 eVTOLs from Eve 

Air Mobility – and Stellantis, while Vertical Aerospace is backed by 

American Airlines Group and Honeywell International. 

Financing tomorrow 

The next 24 months will be critical for eVTOL companies, with some 

of the major players in the industry such as Joby Aviation, Wisk 

and Volocopter working towards ensuring their aircraft commence 

commercial operations in late 2024 or early 2025 – with Volocopter 

aiming to provide eVTOL services during the 2024 Paris Olympic 

games, which begin in July that year. 

While there is currently no word on which eVTOL company will be 

next in line for a SPAC listing, it is clear that SPAC IPOs present a 

viable means for AAM companies – and even business aviation 

companies – to raise capital. Flexjet and FlyExecutive, for example, 

both announced plans for SPAC mergers in October 2022. However, 

the fact that the AAM industry is still well in its infancy relative to the 

commercial or business aviation sectors, coupled with its need for 

fundraising to finance projects and operations, could well mean that 

the SPAC trend for eVTOLs looks set to continue or even accelerate 

within the next few years. 


GLOBAL 

PRE-OWNED 

MARKET UPDATE 

According to Andrew Young, General Manager, AMSTAT, the larger aircraft segments of the market continue to see year-over-year 

growth in transaction activity, and this continues to push the median value metric upwards. Availability in these markets has 

marginally increased but we remain in a tight market. In the medium and light jet markets, transaction activity has slowed compared 

to 2021 but remains significantly ahead of historic levels. 


GLOBAL PRE-OWNED MARKET UPDATE 

BUSINESS JETS & TURBOPROPS FOR SALE / LEASE 

Jets 

Turboprop 

1,200 

1,000 

800 

600 

Business Jet inventories are up 

from the start of the year but 

remain well below historical 

levels, and transaction 

activity remains strong with 

resale retail counts either 

meeting 2022 levels or at least 

exceeding historical counts. 

400 

Oct Nov Dec Jan 


Feb Mar Apr May Jun Jul Aug Sep Oct 

BUSINESS JETS - RESALE RETAIL TRANSACTIONS 

600 

2020 2021 2022 

500 

400 

300 

200 

100 

0 

Jan Feb Mar Apr May Jun Jul Aug Sep Prelim Oct Nov Dec 

BUSINESS TURBOPROPS - RESALE RETAIL TRANSACTIONS 

2020 2021 2022 

250 

200 

150 

100 

50 

0 

Jan Feb Mar Apr May Jun Jul Aug Sep Prelim Oct Nov Dec 



HEAVY JETS - SHORT TERM MEDIAN VALUE CHANGE 

50% 

Increase Decrease Total 

40% 

30% 

20% 

10% 

0% 

Sep15 

Sep1 

Aug15 

Aug1 

Jul15 

Jul1 

Jun15 

Jun1 

May15 

May1 

Apr15 

Apr1 

Mar15 

Mar1 

Feb15 

Feb1 

Jan15 

Jan1 

Dec15 

Dec1 

Nov15 

Nov1 

Oct15 

Oct1 

Sep15 

Sep1 

Aug15 

Aug1 

Jul15 

Jul1 

Jun15 

Jun1 

May15 

May1 

Apr15 

Apr1 

Over the past 12 months the median value of Heavy Jets has risen 

33% and is up 18% year-to-date. Transaction activity in this segment 

remains robust with pre-owned transactions in the first three 

quarters of the year just 4% behind historically high 2021 levels with 

transaction data for the period still coming in. Although availability in 

this segment is up 40% year-to-date, it remains 10% below a year ago. 

In addition, only 4% of the Heavy Jet active fleet is for sale, far below 

a 10-year average of 8.6%. 

SUPER-MID JETS - SHORT TERM MEDIAN VALUE CHANGE 

70% 


60% 

50% 

40% 

30% 

20% 

10% 

0% 

Sep15 

Sep1 

Aug15 

Aug1 

Jul15 

Jul1 

Jun15 

Jun1 

May15 

May1 

Apr15 

Apr1 

Mar15 

Mar1 

Feb15 

Feb1 

Jan15 

Jan1 

Dec15 

Dec1 

Nov15 

Nov1 

Oct15 

Oct1 

Sep15 

Sep1 

Aug15 

Aug1 

Jul15 

Jul1 

Jun15 

Jun1 

May15 

May1 

Apr15 

Apr1 

Over the past 12 months, the median value of Super-Mid Jets has 

risen by 53% and this metric is up 31% year-to-date. The positive 

direction of values is in large part due to the continued momentum 

in resale transactions, with the first three quarters of 2022 already 

exceeding the same period in 2021 by 9%. As with the Heavy Jets, preowned 

inventory is up year-to-date (by 63%) but is 6% lower than a year 

ago. The current number of pre-owned Super-Mid Jets for sale only 

represents 3.4% of the active fleet versus a 10-year average of 8.3%. 



MEDIUM JETS - SHORT TERM MEDIAN VALUE CHANGE 

60% 


50% 

40% 

30% 

20% 

10% 

0% 

Sep15 

Sep1 

Aug15 

Aug1 

Jul15 

Jul1 

Jun15 

Jun1 

May15 

May1 

Apr15 

Apr1 

Mar15 

Mar1 

Feb15 

Feb1 

Jan15 

Jan1 

Dec15 

Dec1 

Nov15 

Nov1 

Oct15 

Oct1 

Sep15 

Sep1 

Aug15 

Aug1 

Jul15 

Jul1 

Jun15 

Jun1 

May15 

May1 

Apr15 

Apr1 

The median value of Medium Jets has risen 23% year-to-date. 

However, between May and today, this metric declined and then 

recovered which resulted in a 1% increase over the period. This 

slowdown is in part due to a 18% drop in pre-owned transactions in 

the first three quarters of 2022 versus 2021. That said, pre-owned 

transaction activity this year is a robust 30% ahead of the same 

period in 2019 (used as a pre-covid baseline). Availability in this 

segment is up 23% year-to-date but this represents only 4.1% of the 

fleet versus a 10-year average of 10%. 

LIGHT JETS - SHORT TERM MEDIAN VALUE CHANGE 

60% 


50% 

40% 

30% 

20% 

10% 

0% 

Sep15 

Sep1 

Aug15 

Aug1 

Jul15 

Jul1 

Jun15 

Jun1 

May15 

May1 

Apr15 

Apr1 

Mar15 

Mar1 

Feb15 

Feb1 

Jan15 

Jan1 

Dec15 

Dec1 

Nov15 

Nov1 

Oct15 

Oct1 

Sep15 

Sep1 

Aug15 

Aug1 

Jul15 

Jul1 

Jun15 

Jun1 

May15 

May1 

Apr15 

Apr1 

Year-to-date the short-term median value metric for Light Jets is up 

25%. However the rate in increase for this metric has slowed since 

the summer and has even declined in some months, resulting in 

a 0% change since July. Transaction activity in this market is 18% 

below 2022 but 33% ahead of 2019. Availability in this segment is up 

21% year-to-date but 5% below a year ago. Pre-owned inventory in 

this market represents 5% of the fleet, well below a 10-year average 

of 10.7%. 



TURBOPROPS - SHORT TERM MEDIAN VALUE CHANGE 

50% 


45% 

40% 

35% 

30% 

25% 

20% 

15% 

10% 

5% 

0% 

-5% 

Sep15 

Sep1 

Aug15 

Aug1 

Jul15 

Jul1 

Jun15 

Jun1 

May15 

May1 

Apr15 

Apr1 

Mar15 

Mar1 

Feb15 

Feb1 

Jan15 

Jan1 

Dec15 

Dec1 

Nov15 

Nov1 

Oct15 

Oct1 

Sep15 

Sep1 

Aug15 

Aug1 

Jul15 

Jul1 

Jun15 

Jun1 

May15 

May1 

Apr15 

Apr1 

The median value of Turboprops has risen 12% year-to-date. Unlike 

the jet segments above, pre-owned transactions in the Turboprop 

year-to-date are below 2022 (-13%) and 2019 (-4%) levels. For sale 

inventory in the Turboprop market is up 12% year-to-date, but only 

3.3% of the fleet is for sale versus a 10-year average of 7.2%. 

Data Source: Amstat 

Commentary by Andrew Young 

IMPORTANT NOTE: The chart above uses aggregated data. The changes in values this year within individual make and model markets, and for specific serial numbers, may vary to a 

greater or lesser degree from these trends. 


PRE-OWNED 

MARKET 

SPOTLIGHT 

Gulfstream G650 & G650ER 

By Liana Liu 


PRE-OWNED MARKET SPOTLIGHT: G650 & G650ER 

HISTORY AND MODEL INTRODUCTION 

Although Gulfstream began working on the G650 in 2005, 

it wasn’t officially announced to the world until 2008. After 

receiving its type and production certification from the Federal 

Aviation Administration (FAA) and type certification from the 

European Union Aviation Safety Agency (EASA), the G650 

officially entered service in December 2012, with the OEM making 

multiple deliveries on the same day. 

Though the business jet market has evolved, the G650 is still 

the gold standard for its class, as it balances a comparatively 

low maximum take-off weight and long range, with a maximum 

speed that makes it the second fastest flying business jet 

currently available. 

Deriving from Gulfstream’s G550 – a model superseded by the 

G600 in 2014, the Gulfstream G650 family’s cabin altitude when 

flying at 51,000 feet (15.5 kilometers) is 4,850 feet, which at 

the time of the aircraft’s introduction, was the lowest one of 

any purpose built business jet. Cabin altitude, which refers to 

cabin pressure in terms of altitude above the mean sea level, is 

normally maintained at an altitude of 8,000 feet or less as a result 

of compromise between the physiological needs of the crew and 

passengers and an aircraft’s structural limitations. 

The aircraft is fitted with 16 of Gulfstream’s hallmark oval-shaped 

windows which are 16% larger than any of Gulfstream’s previous 

windows. The window blinds can be adjusted via a control panel 

embedded by the window, as well as Gulfstream’s downloadable 

app, which can also access the aircraft’s temperature, lighting, 

and entertainment system. 

Most cabin layouts see the living area at the rear of the aircraft 

used as a VIP cabin, where the divan or couch can convert into a 

bed and transform the room into an exclusive bedroom. Journeys 

are relatively quiet; sound levels inside the G650 cabin are similar 

to those of a household refrigerator. 

The G650ER, as its name suggests, is an extended-range version 

of the G650 that can fly an additional 500 nautical miles. In fact, 

the aircraft set a speed record in 2014 between Los Angles and 

Melbourne, flying non-stop in just under 15 hours – an hour less 

than commercial aircraft. 

The Gulfstream G650 family features Gulfstream’s PlaneView II 

flight deck which is based on a Honeywell system and includes 

a nose-mounted infrared camera to provide an enhanced view 

of airport conditions and terrain in poor visibility. The heads-up 

device can transmit data on a transparent screen, enabling the 

pilot to read and respond without distraction as they no longer 

need to look down to see critical information. 

In 2013, the G650 made history when a pre-owned aircraft was 

sold on the secondary market for more than USD$10 million 

above the aircraft’s list price. The aircraft was sold by the wife of 

Formula One owner Bernie Ecclestone to Thai business magnate 

Vichai Srivaddhanaprabha several weeks after the aircraft was 

delivered. A clause in G650 sales contracts forbids owners to sell 

on their aircraft’s position before delivery, as Gulfstream wanted 

to ensure that the aircraft that were ordered and delivered went 

to those that wanted the aircraft, and not companies that were 

looking to speculate on it. 



FLEET DISTRIBUTION 

FLEET DISTRIBUTION BY SUBREGION 

G650/G650ER 

300 

268 

250 

200 

No. of Aircraft 

150 

100 

85 

50 

0 

59 

39 

17 

10 10 7 

North 

America 

Asia 

West 

Europe 

Middle 

East 

South & Central 

America 

East 

Europe 

Oceania 

Others 


As of the end of Q3 2022, there was a combined total of 495 

G650s and G650ERs in operation worldwide, with over half (54%) 

in operation in the US. Of the total fleet, over 60% are G650ERs. 

The second highest share of aircraft are based in Asia, with 

Greater China home to 12% of all delivered G650 family aircraft. 

Diving into the Asia-Pacific region, mainland China and Hong 

Kong Special Administrative Region (SAR) have the largest G650/ 

G650ER fleet. The top two Asia-Pacific charter operators with the 

most G650/G650ERs are Phenix Jet and TAG Aviation. (For more 

information about Asia-Pacific’s charter fleet, please see Global 

Sky Media’s Charter Report 2022.) Supply chain issues and labor 

shortages brought about by COVID-19 related lockdown have had 

a negative effect on deliveries since 2020, with the number of 

new aircraft handed over to new owners almost being cut in half. 

NUMBER OF NEW G650/G650ER DELIVERY IN APAC 

25 

20 

No. of New Delivery 

15 

10 

5 

0 

2015 2016 2017 2018 2019 2020 2021 

Data Source: Asian Sky Group - Business Jet Fleet Report 

Having sold more than 500 aircraft, Gulfstream unveiled the 

G650’s successor in 2019. Named the G700, the aircraft is based 

on the G650ER, but with a 500-nautical-mile boost in range, and a 

larger cabin. Gulfstream said the G700, which is expected to enter 

service in early 2023, will eventually replace the G650 family. 



PRE-OWNED MAKET ANALYSIS 

As of September 30, 2022, approximately 3% of the total active 

G650 family aircraft are listed on the market. From July 2019, 

inventory of available aircraft saw a shift from the baseline 

G650 to the G650ER, partly because there are more G650ERs 

in operation. The number of G650/G650ERs for sale gradually 

climbed from 14 to 24 from May to October 2020. Supply in the 

pre-owned market has shown an upward trend since November 

2022, with most sellers based in the US. 

INVENTORY LEVEL 

G650/G650ER 

30 

25 

No. of Aircraft for Sale 

20 

15 

10 

5 

0 

Oct 

2018 

Apr 

2019 

Oct 

2019 

Apr 

2020 

Oct 

2020 

Apr 

2021 

Oct 

2021 

Apr 


Oct 



Prior to 2021, the average asking price of the G650 family 

had been on a downward trend. However, this trend has been 

reversed, with pre-owned prices for both the baseline G650 and 

the G650ER seeing increases. Many factors may contribute to the 

price increase. One possible reason is buyers in the US look to 

benefit from the 100% bonus depreciation before the end of 2022. 

Another is new consumers with no prior exposure to business 

jet aviation decided to step into the market after the COVID-19 

outbreak. Prices may continue to rise for the Christmas season 

and will most likely soften as the market begins to normalize. 

AVERAGE ASKING PRICE 

G650 Avg Asking Price G650ER Avg Asking Price Avg Asking Price 

65,000,000 

60,000,000 

Asking Price (US Dollars) 

55,000,000 

50,000,000 

45,000,000 

40,000,000 

35,000,000 

30,000,000 

25,000,000 

Oct 

2018 

Apr 

2019 

Oct 

2019 

Apr 

2020 

Oct 

2020 

Apr 

2021 

Oct 

2021 

Apr 


Oct 


Data Source: Amstat & Asian Sky Group 

Transactions have been more active since the second half of 2022. 

This is partly due to an increase in new users coming into business 

aviation for the first time. Although this had a small impact on 

the number of direct transactions, several charter operators 

looked to increase their fleets due to the increased numbers of 

were concentrated in the latter half of the year, which has seen 

fewer transactions compared with the same period of 2020, with 

many looking to travel during the Christmas holiday period. The 

US Tax Cuts and Jobs Act was behind the exceptional number of 

transactions that occurred in December 2020. 

charter enquiries that they were receiving. Transactions in 2021 



TRANSACTION HISTORY 

No. of G650/G650ER Sold 

18 

16 

14 

12 

No. of Aircraft Sold 

10 

8 

6 

4 

2 

0 

Oct 

2018 

Apr 

2019 

Oct 

2019 

Apr 

2020 

Oct 

2020 

Apr 

2021 

Oct 

2021 

Apr 


Oct 



Aircraft usually depreciate over time and rarely see an increase in 

their values. For example, a 2015-build G650 saw a drop in value of 

51% by the end of 2020. Indeed, the G650 has been more sensitive 

to the external environment, seeing a 29% decrease in values 

between the first and the fourth quarter of 2020. This accelerated 

Demand from first-time buyers is stronger than before, which 

gives sellers in the secondary market more room to sell at a 

higher price, resulting in an abnormal trend in historical prices. 

The value of a 2015 G650 picked up by 27% from the third quarter 

of 2021. 

depreciation conflicts directly with the other aircraft in the Long 

Range category, which was stable within the same period. 

RETAIL PRICE HISTORY 

Aircraft Value 

Average Large Jet Value 

70M 

60M 

Aircraft Value (US Dollars) 

50M 

40M 

30M 

20M 

10M 

2015Q1 

2016Q1 2017Q1 2018Q1 

2019Q1 2020Q1 2021Q1 2022Q1 

Year / Quarter 

2022Q3 

Data Source: VREF 

Several operators have already disclosed their G700 orders, 

whilst the market for the G650/G650ER remains active. On 

September 26, 2022, Gulfstream delivered the 500th aircraft of 

the G650 family. Mark Burns, Gulfstream Aerospace President, 

said at the time, "This milestone delivery is a strong testament to 

continue to invest in the G650 and G650ER to ensure continuous 

improvement throughout the growing fleet for our customers." 

During its second-quarter investor call, the parent company 

of Gulfstream-General Dynamics said the demand for a new 

G650ER continues. 

the tremendous work of our dedicated Gulfstream team. [...] We 


REASONS TO 

CHOOSE ASIAN SKY GROUP 

AN INTERNATIONAL AIRCRAFT DEALERS ASSOCIATION (IADA) MEMBER 

01 

02 

03 

CHOOSE AN ACCREDITED AIRCRAFT DEALER 

Asian Sky Group is an International Aircraft Dealers 

Association (IADA) Accredited Dealer, regulated by 

independent accreditation, ensuring strict compliance 

with IADA’s 14-point Code of Ethics. With headquarters 

in Hong Kong and offices around Asia, we are uniquely 

qualified to advise & manage aircraft transactions in 

Asia. 

CHOOSE A TEAM OF CERTIFIED AIRCRAFT BROKERS 

Asian Sky Group’s team of IADA Certified Brokers each 

passed a written test administered by an independent 

consulting firm. IADA Certified Brokers are required to 

participate in regular continuing education and be 

re-certified every 5 years. 

CHOOSE A PARTNER WITH A PROVEN HISTORY OF SUCCESS 

IADA aircraft dealers are responsible for 40% of the 

world’s pre-owned sales. IADA Accredited Dealers buy 

and sell more aircraft by dollar volume than the rest of 

the world’s dealers combined, averaging over 700 

transactions and USD$6 Billion in volume per year. Asian 

Sky Group is the only IADA member in Asia. 

04 

05 

CHOOSE A PARTNER THAT CAN ACCESS THE MOST 

EXCLUSIVE AND TRUSTED GLOBAL MARKETPLACE 

Asian Sky Group lists and sources aircraft from an 

exclusive global online marketplace. AircraftExchange.com 

is the exclusive online marketplace of 

IADA and is the industry’s most trusted source for the 

sale or lease of aircraft. IADA’s robust listing verification 

process ensures aircraft advertised are truly 

available for sale. 

CHOOSE A PARTNER THAT CAN ACCESS BEST-IN- 

CLASS PRODUCTS AND SERVICE PROVIDERS 

Asian Sky Group has exclusive access to IADA-verified 

products and service members. These members are 

industry leaders in their respective fields, including 

escrow, legal, financial services, maintenance and 

refurbishment, aircraft management and operation, and 

over 15 other specialties. 

DISCRETION 

EXPERIENCE 

TRANSPARENCY 

PROFESSIONALISM 

ACCESS 

GLOBAL NETWORK 

50 | GLOBAL SKY QUARTERLY — THIRD QUARTER 2022 

sales@asianskygroup.com

MARKET 

DYNAMICS 

BUSINESS JET AND 

CIVIL HELICOPTER 

PRE-OWNED MARKET 



MARKET DYNAMICS: BUSINESS JET 

PRE-OWNED BUSINESS JET MARKET Q3 2022 

Understanding the market dynamics graphs: 

The Inventory Value Line represents the number of aircraft actively being marketed for sale. 1 

The Signal Line represents an indication of where the market’s direction may be heading in the future. 

INVENTORY VALUE (USD) 2 

$7,631M 

$1,044M 

WORLDWIDE 

$5,312M 

ASIA-PACIFIC 

$567M 

MARKET TREND 2 WORLDWIDE 

TREND REVERSAL 

MOVING TOWARDS SELLER’S MARKET 

MOVING TOWARDS BUYER’S MARKET 

TREND REVERSAL 

AIRCRAFT TRANSACTIONS 2 WORLDWIDE 

138 

113 

44 

58 

80 

64 

59 

62 65 

62 

50 52 

56 55 54 

48 52 

46 

41 39 

40 

30 

34 

39 

42 

38 

33 

34 

21 22 

57 

78 

63 

60 

61 

53 

53 

Oct 

2019 

Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct 

2020 

2021 


1 Global Sky Media’s Inventory Value line is calculated by taking the total number of aircraft for sale from a selection of 39 different models, multiplied by their average asking prices. 

2 Historical inventory value and transactions are subject to change based on latest market information updates. 


WORLDWIDE % OF FLEET SOLD 

1.70% 

1.60% 

1.50% 

1.40% 

1.30% 

1.20% 

1.10% 

1.00% 

0.90% 

0.80% 

0.70% 

0.60% 

0.50% 

0.40% 

0.30% 

0.20% 

0.10% 

0.00% 

Oct 

2019 

Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct 

2020 

2021 




MILLION USD 

35 

30 

25 

ASIA-PACIFIC 

20 

15 

WORLDWIDE 

10 

Oct 

2019 

% OF FLEET FOR SALE 


2020 

2021 


9% 

8% 

ASIA-PACIFIC 

7% 

6% 

5% 

4% 

WORLDWIDE 

3% 

2% 

1% 

Oct 

2019 


2020 

2021 


AVERAGE DAYS ON MARKET 

500 

450 

400 

350 

300 

250 

200 

ASIA-PACIFIC 

150 

100 

50 

Oct 

2019 

WORLDWIDE 


2020 

2021 




SUPPLY / DEMAND INDICATORS 

BUSINESS JETS 

SUPPLY VS. DEMAND RATIO 


SUPPLY 

> DEMAND 

DAYS ON MARKET 

AVERAGE 

% OF FLEET 

FOR SALE 

MODEL 

AVERAGE 

NO TRANSACTION 






450% 400% 350% 300% 250% 200% 150% 100% 50% 0 

Average AC for sale / Total sold in last 12 months 

16.7% 

4.2% 

4.8% 

6.1% 

0.0% 

3.8% 

1.0% 

5.4% 

3.1% 

1.6% 

8.9% 

5.1% 

4.9% 

3.4% 

3.1% 

3.5% 

2.4% 

0.6% 

2.2% 

1.5% 

1.6% 

0.0% 

0.0% 

0.0% 

2.6% 

5.6% 

ACJ318 

ACJ319 

ACJ320 

BBJ 

BBJ2 

CL300 

CL350 

CL604 

CL605 

CL650 

CL850 

GL Express 

GL XRS 

GL5000 

GL6000 

CIT. CJ3 

CIT. CJ4 

CIT. Latitude 

CIT. Sovereign 

F2000LX 

F2000LXS 

F2000S 

4.0% F7X 

2.3% 

0.0% 

F8X 

F900DX 

3.4% F900EX 

3.4% 

1.8% 

5.0% 

1.7% 

3.1% 

9.3% 

3.9% 

4.5% 

2.5% 

3.1% 

Average 

F900EXe 

F900LX 

L1000 

L600 

L650 

Phenom 300 

G200 

G280 

G450 

G500 

G550 

G650 

G650ER 

0 200 400 600 800 1000 

The above chart reflects where certain aircraft models are positioned 

in terms of supply and demand (based on a ratio of completed 

transactions compared to the number of sellers and the average 

number of days on the market for a transaction to take place). 

These indications do not necessarily mean that prices will be higher 

in the future, but it does indicate that sellers of these particular 

models are more likely to find willing buyers in a shorter period of 

time than on average. 

For some model types, given the market indicators shown on the 

previous page, the stabilization in pre-owned asking prices and decline 

in inventory level appear to have stimulated increased demand, 

leading to an increase in transactions and a more balanced state of 

supply and demand. 

This can be seen the most with certain Gulfstream (G200, G450, G550, 

G650), Bombardier (Challenger 604/605 & Global 5000) and Dassault 

Falcon models (2000 Series and 7X), where more transactions are 

occurring relative to the number for sale, and transactions are requiring 

less time on the market for sellers to complete. 



MARKET POSITIONING 

BUSINESS JETS 

INCREASED SUPPLY 

Balanced 

Supply & Demand 

INCREASED DEMAND 

ACJ318 

ACJ319 

ACJ320 

BBJ 1 

BBJ 2 

CL300 

CL350 

CL604 

CL605 

CL650 

CL850 

GL Express 

GL XRS 

GL5000 

GL6000 

CIT. CJ3 

CIT. CJ4 

CIT. Latitude 

CIT. Sovereign 

F2000LX 

F2000LXS 

F2000S 

F7X 

F8X 

F900DX 

F900EX 

F900EX EASy 

F900LX 

L1000 

L600 

L650 

Phenom 300 

G200 

G280 

G450 

G500 

G550 

G650 

G650ER 

The above chart provides a visual representation of the supply / 

demand ratio of each aircraft model relative to the overall market, 

and is based on a "Marketability" calculation for each particular 

model including the following four market indicators: 

1. The percentage of aircraft for sale relative to its fleet size. 

2. The number of aircraft sold relative to the average number for sale. 

3. The average days for sale relative to the overall market average. 

4. The momentum of the marketplace (represented by the trend 

towards supply and demand market equilibrium portrayed earlier). 

When taking into account these four factors, most of the large 

and medium sized jets, such as the Challenger 600, Falcon 2000 

& 900 Series, as well as various Gulfstream models, appear 

better positioned to find buyers available, compared to corporate 

airliner models. 

Global Sky Media expanded its market research scope in Q3 2019 

to include 39 business jet models including light jet models as 

described in the report. 


MARKET DYNAMICS: CIVIL HELICOPTERS 

PRE-OWNED HELICOPTERS MARKET Q3 2022 

Understanding the market dynamics graphs: 

The Inventory Value Line represents the number of aircraft actively being marketed for sale. 1 

The Signal Line represents an indication of where the market’s direction may be heading in the future. 

INVENTORY VALUE (USD) 2 

$1,218M 

WORLDWIDE 

ASIA-PACIFIC 

$757M 

$178M 

$127M 

MARKET TREND 2 WORLDWIDE 

MOVING TOWARDS SELLER’S MARKET 

TREND IMPROVEMENT 

MOVING TOWARDS BUYER’S MARKET 

AIRCRAFT TRANSACTIONS 2 WORLDWIDE 

22 

18 

24 

32 

27 

31 

24 

30 

22 

14 

20 

31 

15 

31 32 

27 28 

29 

50 

39 

32 

34 

29 

31 

27 

46 

23 

32 

22 

44 

50 

38 

35 

28 

31 

13 

6 

Oct 

2019 

Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct 

2020 

2021 


1 Global Sky Media’s Inventory Value line is calculated by taking the total number of aircraft for sale from a selection of 39 different models, multiplied by their average asking prices. 

2 Historical inventory value and transactions are subject to change based on latest market information updates. 



% OF AIRCRAFT SOLD / TOTAL AIRCRAFT IN OPERATION 

0.50% 

0.45% 

0.40% 

0.35% 

0.30% 

0.25% 

0.20% 

0.15% 

0.10% 

0.05% 

0.00% 

Oct 

2019 


2020 

2021 



MILLION USD 

3.8 

3.6 

3.4 

3.2 

3.0 

2.8 

2.6 

2.4 

2.2 

ASIA-PACIFIC 

WORLDWIDE 

2.0 

Oct 

2019 


2020 

2021 


% OF AIRCRAFT FOR SALE 

5.0% 

4.5% 

WORLDWIDE 

4.0% 

ASIA-PACIFIC 

3.5% 

3.0% 

2.5% 

2.0% 

1.5% 

Oct 

2019 


2020 

2021 



750 

700 

650 

600 

WORLDWIDE 

ASIA-PACIFIC 

550 

500 

450 

400 

350 

Oct 

2019 


2020 

2021 





HELICOPTERS 

SUPPLY VS. DEMAND RATIO 


SUPPLY 

> DEMAND 

DAYS ON MARKET 

AVERAGE 

% FOR SALE MODEL 

AVERAGE 

1.4% 

EC145 

1.6% 

H125 

2.0% 

H130 

0.7% 

H145 

6.5% 

H155 

3.2% 

EC135P2 

0.7% 

EC135T2 


7.7% 

EC155B 

2.5% 

BELL 

206JETRANGER 

3.7% 

BELL 

206LONGRANGER 

1.6% 

BELL 407 

3.0% 

BELL 412EP 


2.2% 

BELL 412HP 

1.2% 

BELL 429 

6.6% 

AW109SP GN 

1.6% 

AW139 

8.6% 

S76C+ 

350% 300% 250% 200% 150% 100% 50% 0 2.36% 

0 100 200 300 400 500 600 700 800 

Average 

Average AC for sale / Total sold in last 12 months 

Average Days for Sale on Market 

The above chart reflects where certain aircraft models are positioned 

in terms of supply and demand (based on a ratio of completed 

transactions compared to the number of sellers, and average number 

of days on the market for a transaction to take place). 



MARKET POSITIONING 

HELICOPTERS 

INCREASED SUPPLY 

Balanced 

Supply & Demand 

INCREASED DEMAND 

EC145 

H125 

H130 

H145 

H155 

EC135P2 

EC135T2 

EC155B 

BELL 206JETRANGER 

BELL 206LONGRANGER 

BELL 407 

BELL 412EP 

BELL 412HP 

BELL 429 

AW109SP GN 

AW139 

S76C+ 

The above chart provides a visual representation of the supply / demand ratio of each aircraft model relative to the overall market, 

resulting in a "Marketability" calculation of each particular model based on the following four market indicators: 

1. The percentage of aircraft for sale relative to its fleet size. 

2. The number of aircraft sold relative to the average number for sale. 

3. The average days for sale relative to the overall market average. 

4. The momentum of the marketplace (represented by the trend towards supply and demand market equilibrium portrayed earlier). 


CONNECT YOUR BRAND WITH OUR AUDIENCE 

Global Sky Media readers are business decision-makers in the 

business jet and general aviation industry from Asia and across 

the world. Our market intelligence helps them drive strategies 

for achieving their business goals in Asia. Through Global Sky 

Media's channels, you can connect with your target audience. 

Contact us to find out how we can help you. 

PUBLICATION ADVERTISING 

DIGITAL ADVERTISING 

CONTENT MARKETING 

EVENT MANAGEMENT 


media@globalsky.media

MARKET 

SUMMARY 

BUSINESS JETS 


Data Analysis by Qianyun Zhou 


MARKET SUMMARY: BUSINESS JETS 

MARKET SUMMARY PER MODEL 

INVENTORY LEVEL, PRICE TREND & TRANSACTIONS 

ACJ318, ACJ319 & ACJ320 

PERFORMANCE 

Max Range 

Max Speed 

Typ. Passengers 

ACJ318 

4,253 N.M. / 7,877 km 

Mach 0.82 

19 

ACJ319 

6,000 N.M. / 11,112 km 

Mach 0.82 

19 

ACJ320 

5,250 N.M. / 9,723 km 

Mach 0.82 

19 

SUPPLY 

No. for Sale 

Avg Asking Price 

Avg Days on Market 

Oct 

3 (16.7%) 

26.5M USD 

298 

Jul 

4 (22.2%) 

26.5M USD 

163 

Oct 

3 (4.2%) 

39.5M USD 

386 

Jul 

3 (4.3%) 

39.5M USD 

305 

Oct 

1 (4.8%) 

39.5M USD 

1,510 

Jul 

1 (4.8%) 

39.5M USD 

1,418 

TRANSACTION 

Past 12 Months 

Past 3 Months 

Oct 

0 

0 

Jul 

0 

0 

Oct 

0 

0 

Jul 

0 

0 

Oct 

0 

0 

Jul 

0 

0 

Average Asking Price (Million USD) 

ACJ318 

ACJ320 

ACJ319 

Average 

$42.0 $42.0 

$39.5 $39.5 $39.5 $39.5 $39.5 

$39.5 

$39.5 

$39.5 $39.5 

$39.5 

$39.5 $39.5 

$23.0 

Sold 

For Sale 

1 1 

$25.0 

For Sale vs. Sold 

1 

$22.0 

1 

$26.5 $26.5 $26.5 $26.5 

6 7 7 7 5 5 7 6 6 5 5 5 5 6 6 6 5 6 5 5 6 8 9 8 7 

Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct 

2020 2021 2022 

Market Indicators (vs. Last Quarter) 

ACJ318 

Transaction Level (Past 12 Months) 

Inventory Level 

Average Asking Price 

Average Days on Market 

ACJ319 





ACJ320 





Source: AMSTAT & ASG 



BBJ & BBJ2 

PERFORMANCE 

Max Range 

Max Speed 


BBJ 

6,235 N.M. / 11,547 km 

Mach 0.82 

19 

BBJ2 

5,620 N.M. / 10,408 km 

Mach 0.82 

19 

SUPPLY 

No. for Sale 



Oct 

8 (6.1%) 

30.0M USD 

288 

Jul 

7 (5.3%) 

33.5M USD 

327 

Oct 

0 (0.0%) 

0.0M USD 

0 

Jul 

3 (13.6%) 

29.0M USD 

271 

TRANSACTION 


Past 3 Months 

Oct 

10 

2 

Jul 

8 

4 

Oct 

3 

1 

Jul 

2 

1 


BBJ2 


$90.0 $90.0 

$59.5 

BBJ 

Average 

BBJ 


$20.9 

$28.5 

$19.0 

$29.0 

$15.5 

$38.0 

$29.0 

$33.5 $30.0 

$29.0 





Sold For Sale 

1 1 

2 

2 

1 2 

1 2 1 

2 

1 

7 7 8 9 9 9 10 9 9 9 11 11 11 11 12 11 9 10 9 10 10 10 7 7 8 


2020 2021 2022 

FEATURED AIRCRAFT 

BBJ2 






BBJ MAX8 

TOTAL HOURS: DELIVERY HOURS 

• Green Delivery 

• Delivered Dec 2020 

• Valid Trasferable OEM Warranty 

• FAA N-registered 

• Located in the U.S. 

• 7 Auxiliary Fuel Tanks Installed 

• FAA Type Certificate and Certificate of Airworthiness 

• Valuable Goods, Services & Additional Training Credit 



CHALLENGER 300 & 350 

PERFORMANCE 

Max Range 

Max Speed 


CL300 

3,340 N.M. / 6,185 km 

Mach 0.82 

19 

CL350 

3,421 N.M. / 6,335 km 

Mach 0.82 

19 

SUPPLY 

No. for Sale 



Oct 

17 (3.8%) 

13.0M USD 

141 

Jul 

18 (4.0%) 

15.9M USD 

112 

Oct 

4 (1.0%) 

21.6M USD 

76 

Jul 

3 (0.7%) 

16.9M USD 

22 

TRANSACTION 


Past 3 Months 

Oct 

28 

7 

Jul 

21 

14 

Oct 

22 

8 

Jul 

14 

7 


CL350 


CL300 

Average 

$14.6 $15.2 $16.3 

$16.8 $16.9 

$21.6 

CL300 


$7.9 $8.1 $7.5 

$8.4 

$12.3 

$15.9 

$13.0 





Sold For Sale 

6 

3 

4 

5 4 

9 

8 

2 

1 

4 4 

3 4 

4 8 

5 

4 

6 

2 

2 

2 

8 

1 2 

1 

31 31 29 25 27 25 25 21 23 17 14 14 8 7 3 4 5 11 12 11 16 21 23 23 21 


2020 2021 2022 

CL350 








CHALLENGER 604, 605 & 650 

PERFORMANCE 

Max Range 

Max Speed 


CL604 

4,027 N.M. / 7,458 km 

Mach 0.82 

9 

CL605 

4,123 N.M. / 7,635 km 

Mach 0.82 

9 

CL650 

4,123 N.M. / 7,635 km 

Mach 0.82 

10 

SUPPLY 

No. for Sale 



Oct 

19 (5.4%) 

8.2M USD 

93 

Jul 

17 (4.8%) 

7.8M USD 

60 

Oct 

9 (3.1%) 

14.9M USD 

146 

Jul 

9 (3.1%) 

13.8M USD 

101 

Oct 

2 (1.6%) 

21.0M USD 

88 

Jul 

4 (3.2%) 

25.0M USD 

46 

TRANSACTION 


Past 3 Months 

Oct 

35 

9 

Jul 

26 

15 

Oct 

24 

5 

Jul 

19 

11 

Oct 

16 

1 

Jul 

15 

8 


$17.0 

$16.5 

$16.5 

$18.5 

$8.5 

$8.7 

$7.4 $6.9 

$4.4 

$4.4 

$4.5 $4.7 

CL650 

CL605 

$16.8 

$7.5 

$6.8 

CL604 

Average 

$25.0 

$21.0 

$13.5 

$14.9 

$8.9 $8.2 


CL604 





CL605 




Sold For Sale 



8 

14 

18 

4 5 10 7 7 9 

6 

4 8 

8 

7 

7 6 

1 

2 8 11 10 6 

6 7 

3 

72 69 59 55 53 48 47 45 42 39 38 34 22 16 17 13 15 15 18 17 20 30 32 31 30 


2020 2021 2022 

CL650 








CHALLENGER 850 



$8.3 

$7.0 





$4.5 

1 

1 

$4.3 


Sold 

For Sale 

1 

$4.7 

1 

1 1 

1 

$4.8 $5.7 

12 13 12 11 9 9 7 6 6 6 6 5 7 7 6 3 3 6 6 5 6 7 7 8 8 


2020 2021 2022 

1 

2 

1 1 

1 

2 

PERFORMANCE 

Max Range 

Max Speed 


SUPPLY 

No. for Sale 



TRANSACTION 


Past 3 Months 

6,750 N.M. / 12,501 km 

Mach 0.87 

18 

Oct 

8 (8.9%) 

7.0M USD 

194 

Oct 

8 

2 

Jul 

7 (7.9%) 

8.3M USD 

138 

Jul 

6 

2 




GLOBAL EXPRESS, 5000, XRS & 6000 

PERFORMANCE 

Max Range 

Max Speed 


GLOBAL 5000 

5,350 N.M. / 9,908 km 

Mach 0.82 

13 

GLOBAL EXPRESS 

6,125 N.M. / 11,343 km 

Mach 0.82 

13 

GLOBAL XRS 

6,226 N.M. / 11,520 km 

Mach 0.82 

13 

GLOBAL 6000 

6,080 N.M. / 11,260 km 

Mach 0.82 

13 

SUPPLY 

No. for Sale 



Oct 

8 (3.4%) 

27.9M USD 

155 

Jul 

7 (3.0%) 

25.5M USD 

163 

Oct 

7 (5.1%) 

14.1M USD 

353 

Jul 

4 (2.9%) 

12.3M USD 

549 

Oct 

8 (4.9%) 

17.8M USD 

331 

Jul 

6 (3.7%) 

17.5M USD 

398 

Oct 

10 (3.1%) 

31.5M USD 

103 

Jul 

6 (1.9%) 

32.0M USD 

67 

TRANSACTION 


Past 3 Months 

Oct 

27 

6 

Jul 

21 

11 

Oct 

25 

4 

Jul 

21 

9 

Oct 

23 

4 

Jul 

19 

9 

Oct 

30 

5 

Jul 

25 

9 


$27.2 

$16.9 $15.0 

$14.5 

7 

6 

11 

6 

$27.2 

$14.4 

8 3 

5 5 5 

$25.0 

$16.6 

$14.4 

$7.1 $7.7 

$7.4 


Sold 

For Sale 

9 

9 

$13.5 

5 

$27.0 

$15.0 

$9.4 

8 

79 81 80 69 73 70 79 73 71 63 56 52 47 41 32 21 25 23 26 26 24 23 24 23 33 

7 

GL EXPRESS 

GL XRS 

GL6000 

21 

7 

$28.0 

$14.7 

$14.0 

$6.5 

9 

4 

7 

$17.5 

GL5000 

Average 

$32.0 

$12.3 

11 11 

$17.0 

9 

$27.9 

12 

6 

$31.5 

$17.8 

$14.1 


2020 2021 2022 

1 


GLOBAL 5000 





GLOBAL EXPRESS 





GLOBAL XRS 





GLOBAL 6000 








CITATION CJ3 & CJ4 

PERFORMANCE 

Max Range 

Max Speed 


Cit. CJ3 

1,891 N.M. / 3,502 km 

Mach 0.73 

6 

Cit. CJ4 

1,991 N.M. / 3,687 km 

Mach 0.77 

7 

SUPPLY 

No. for Sale 



Oct 

22 (3.5%) 

6.7M USD 

76 

Jul 

13 (2.1%) 

3.8M USD 

53 

Oct 

8 (2.4%) 

8.1M USD 

75 

Jul 

10 (2.7%) 

9.0M USD 

51 

TRANSACTION 


Past 3 Months 

Oct 

57 

14 

Jul 

43 

21 

Oct 

36 

6 

Jul 

30 

14 



CJ4 

CJ3 

Average 

$11.5 

Cit. CJ3 

$5.1 

$4.4 

$6.5 $6.6 

$5.1 

$7.8 

$5.6 

$6.7 

$4.8 

$5.6 

$8.1 

$6.7 





$2.5 


Sold For Sale 

16 

8 

11 

6 15 

5 7 

6 

20 

5 

14 11 

5 

12 

5 2 7 

4 

5 

5 

6 

4 3 

6 3 

63 60 52 37 34 34 32 26 25 24 17 20 19 17 16 8 8 12 18 20 18 23 24 28 30 


2020 2021 2022 

Cit. CJ4 








CITATION LATITUDE 




$13.5 $13.5 $13.5 

$11.5 

$11.5 

$11.5 

$14.3 





Sold 

For Sale 

1 1 1 

3 

1 

3 

1 

1 

1 

1 

1 

1 

7 7 7 6 7 6 3 2 2 1 1 2 1 1 1 1 3 2 4 4 1 1 2 


2020 2021 2022 

2 

PERFORMANCE 

Max Range 

Max Speed 


SUPPLY 

No. for Sale 



TRANSACTION 


Past 3 Months 

2,870N.M. / 5,315 km 

Mach 0.80 

9 

Oct 

2 (0.6%) 

14.3M USD 

46 

Oct 

9 

1 

Jul 

4 (1.3%) 

11.5M USD 

62 

Jul 

8 

3 

CITATION SOVEREIGN 



$7.5 

$6.0 $6.1 

$6.1 

$9.0 

$10.2 






4 

Sold 

6 

10 

For Sale 

1 4 

3 1 4 

2 

1 3 

1 

7 

1 3 

5 

2 3 2 

2 

1 

3 

33 35 33 24 21 24 23 21 20 17 16 14 12 10 8 4 3 4 7 6 5 7 8 9 10 


2020 2021 2022 

$4.8 

PERFORMANCE 

Max Range 

Max Speed 


SUPPLY 

No. for Sale 


Avg Days on on Market 

TRANSACTION 


Past 3 Months 

3,010N.M. / 5,574 km 

Mach 0.80 

9 

Oct 

Jul 

10 (2.2%) 7 (1.6%) 

10.2M USD 6.9M USD 

82 

48 

Oct 

28 

4 

Jul 

24 

10 




FALCON 900DX/EX/EX EASY/LX 

PERFORMANCE 

Max Range 

Max Speed 


F900DX 

4,100 N.M. / 7,593 km 

Mach 0.83 

12 

F900EX 

4,500 N.M. / 8,334 km 

Mach 0.83 

12 

F900EX EASy 

4,500 N.M. / 8,334 km 

Mach 0.83 

12 

F900LX 

4,750 N.M. / 8,800 km 

Mach 0.83 

12 

SUPPLY 

No. for Sale 



Oct 

0 (0.0%) 

0.0M USD 

0 

Jul 

0 (0.0%) 

0.0M USD 

0 

Oct 

4 (3.4%) 

12.5M USD 

86 

Jul 

2 (1.7%) 

13.8M USD 

111 

Oct 

4 (3.4%) 

15.9M USD 

53 

Jul 

2 (1.7%) 

22.0M USD 

51 

Oct 

0 (0.0%) 

0.0M USD 

0 

Jul 

0 (0.0%) 

0.0M USD 

0 

TRANSACTION 


Past 3 Months 

Oct 

1 

0 

Jul 

1 

0 

Oct 

10 

0 

Jul 

10 

3 

Oct 

12 

3 

Jul 

9 

5 

Oct 

5 

0 

Jul 

5 

2 


F900EX EASy 

F900DX 

F900LX 

Average 

F900EX 

$22.0 

$19.5 

$18.5 

$17.5 

$19.4 $19.4 

$14.9 $14.9 

$15.9 

$13.1 

$12.3 $13.7 

$12.3 

$10.9 

$10.5 

$10.3 $10.5 

$13.2 $12.5 

$8.0 $7.5 $7.8 


Sold For Sale 

2 7 

3 

1 

2 3 5 

2 

4 

1 1 

4 4 

2 

1 

3 

4 

6 

3 

1 1 

2 

25 21 20 23 18 18 20 19 20 18 13 15 18 16 15 11 5 4 4 6 6 4 6 7 8 


2020 2021 2022 


F900DX 





F900EX 





F900EX EASy 





F900LX 








FALCON 2000LX/LXS/S 

PERFORMANCE 

Max Range 

Max Speed 


F2000LX 

4,000 N.M. / 7,408 km 

Mach 0.83 

10 

F2000LXS 

4,000 N.M. / 7,408 km 

Mach 0.83 

10 

F2000S 

3,350 N.M. / 6,208 km 

Mach 0.83 

10 

SUPPLY 

No. for Sale 



Oct 

2 (1.5%) 

11.9M USD 

62 

Jul 

3 (2.2%) 

17.5M USD 

52 

Oct 

2 (1.6%) 

22.3M USD 

92 

Jul 

1 (0.8%) 

23.9M USD 

18 

Oct 

0 (0.0%) 

0.0M USD 

0 

Jul 

0 (0.0%) 

0.0M USD 

0 

TRANSACTION 


Past 3 Months 

Oct 

7 

0 

Jul 

7 

4 

Oct 

11 

1 

Jul 

10 

3 

Oct 

2 

1 

Jul 

1 

0 


$27.7 $27.7 

$19.9 $19.6 $20.3 

$11.3 


3 

Sold 

For Sale 

$9.1 $9.1 

$20.0 

$11.7 

F2000S 

F2000LXS 

$23.9 

F2000LX 

Average 

$23.9 

$17.1 $17.5 $17.5 

$22.3 

$11.9 

3 

3 

4 

2 

4 

3 

1 

6 

1 

4 

4 

1 

1 

1 

2 

2 1 1 

1 1 

20 16 15 13 8 13 11 10 10 6 4 4 4 5 4 2 1 2 2 4 5 4 4 4 4 


2020 2021 2022 


F2000LX 





F2000LXS 





F2000S 








FALCON 7X 



$21.2 

$21.8 

$22.4 

$23.5 $23.5 





$19.5 

$20.3 


PERFORMANCE 

Max Range 

Max Speed 


5,950 N.M. / 11,018 km 

Mach 0.90 

12 

Sold For Sale 

6 

5 

3 

1 

1 1 

4 

1 

5 

1 1 

4 

3 

1 1 

3 5 

1 3 1 

3 

2 

20 24 19 13 15 17 18 17 19 15 14 14 9 6 5 3 1 1 4 6 10 14 12 12 12 


2020 2021 2022 

SUPPLY 

No. for Sale 



TRANSACTION 


Past 3 Months 

Oct 

12 (4.0%) 

20.3M USD 

103 

Oct 

32 

7 

Jul 

14 (4.7%) 

23.5M USD 

57 

Jul 

25 

12 



EMBRAER - PHENOM 300 50500159 

TOTAL HOURS: 2,147 SINCE NEW 

TOTAL CYCLES: 2,433 SINCE NEW 

• Medivac Configuration retrofit by Spectrum Aeromed Single Patient System 

• Aircraft Enrolled on Embraer Executive Care Standard (EEC Enhanced) 



PHENOM 300 




$6.6 

$6.8 

$7.0 

$6.0 

$7.2 

$7.5 





Sold For Sale 

2 4 

4 

1 

4 6 

6 

$4.7 

3 

5 

1 

4 5 

4 

4 

4 

2 

3 1 

2 2 

2 2 1 

42 41 38 36 31 28 30 25 24 23 15 15 8 7 7 3 2 5 6 8 9 7 10 12 12 


2020 2021 2022 

PERFORMANCE 

Max Range 

Max Speed 


SUPPLY 

No. for Sale 



TRANSACTION 


Past 3 Months 

1,242 N.M. / 2,300 km 

Mach 0.78 

5 

Oct 

12 (1.8%) 

4.7M USD 

172 

Oct 

23 

8 

Jul 

7 (1.1%) 

8.9M USD 

265 

Jul 

15 

7 

LEGACY 600/650 


$13.1 $13.0 

$7.0 $7.2 


5 

Sold 

2 

For Sale 

5 

1 1 

3 

1 

$11.0 

5 

$7.7 

1 

1 

2 

$13.5 

$7.4 

$13.5 

$8.6 

L650 

L600 

Average 

$13.3 $13.3 

17 17 16 18 17 18 15 15 15 11 12 10 10 9 8 4 4 4 4 7 10 11 11 12 11 


2020 2021 2022 

1 

5 

2 

2 

3 

2 

$9.0 

3 

3 

1 1 1 

$9.8 


L600 





PERFORMANCE 

Max Range 

Max Speed 


SUPPLY 

No. for Sale 



TRANSACTION 


Past 3 Months 

L600 

3,400 N.M. 

6,297 km 

Mach 0.80 

13 

Oct | Jul 

5 | 5 

9.8M USD 

8.5M USD 

96 | 63 

Oct | Jul 

14 | 11 

3 | 6 

L650 

L650 

3,640 N.M. 

7,112 km 

Mach 0.80 

13 

Oct | Jul 

6 | 6 

13.3M USD 

13.3M USD 

294 | 202 

Oct | Jul 

9 | 9 

0 | 5 




LINEAGE 1000/E 



$17.7 

$14.9 

$14.9 

$16.0 




$7.5 

$7.5 


PERFORMANCE 


Max Range 

Max Speed 


4,400 N.M. / 8,149 km 

Mach 0.82 

19 

Sold 

For Sale 

1 

SUPPLY 

No. for Sale 



Oct 

0 (0.0%) 

0.0M USD 

0 

Jul 

0 (0.0%) 

0.0M USD 

0 

4 4 4 4 4 3 4 4 4 2 2 2 2 2 2 2 2 2 2 1 


2020 2021 2022 

TRANSACTION 


Past 3 Months 

Oct 

0 

0 

Jul 

0 

0 



GULFSTREAM - G280 SN2073 

TOTAL HOURS: 551 SINCE NEW 

TOTAL CYCLES: 288 SINCE NEW 

• Meticulously Maintained 

• One Owner Since New 

• Always Hangered 

• Low Hours 

• Honeywell MSP Gold (Engines & APU) 

• Honeywell MSP (for Avionics & Mechanical Components) 

• Collins Avionics Service Program 

• ADS-B Out & CPDLC 



G200 




$3.7 

$3.8 

$3.7 

$3.2 

$4.7 

$3.7 

$5.8 





Sold For Sale 

4 4 

3 

1 1 

4 

3 

2 2 2 

1 

6 

4 

4 

3 7 

2 

1 

1 

5 

1 1 4 

20 21 18 19 19 19 18 19 19 22 19 18 12 10 7 7 8 9 6 5 11 11 12 12 12 


2020 2021 2022 

PERFORMANCE 

Max Range 

Max Speed 


SUPPLY 

No. for Sale 



TRANSACTION 


Past 3 Months 

3,050 N.M. / 5,651 km 

Mach 0.81 

8 

Oct 

12 (5.0%) 

5.8M USD 

77 

Oct 

35 

11 

Jul 

11 (4.6%) 

3.7M USD 

122 

Jul 

24 

12 

G280 



$17.7 

$18.5 

$18.5 

$21.3 



$14.5 

$11.8 

$11.2 




Sold 

5 

For Sale 

1 

3 

1 

2 3 3 

1 

5 

2 

1 

2 

1 

3 

4 1 1 1 1 

15 15 16 10 13 12 12 9 8 10 10 9 8 7 6 5 5 2 

1 2 2 3 4 


2020 2021 2022 

PERFORMANCE 

Max Range 

Max Speed 


SUPPLY 

No. for Sale 



TRANSACTION 


Past 3 Months 

3,600 N.M. / 6,667 km 

Mach 0.84 

8 

Oct 

Jul 

4 (1.7%) 2 (0.9%) 

21.3M USD 18.5M USD 

56 

28 

Oct 

20 

2 

Jul 

18 

9 




G450 



$19.0 


$16.6 


$14.0 

$13.3 

$13.2 



$12.5 

$13.0 


Sold For Sale 

3 

3 

7 3 4 5 

4 

5 

2 3 

2 2 1 5 8 

8 

2 

2 

3 1 1 

1 2 

1 

30 27 27 32 32 34 31 25 25 24 18 19 19 15 11 6 6 6 9 10 11 12 12 9 11 


2020 2021 2022 

PERFORMANCE 

Max Range 

Max Speed 


SUPPLY 

No. for Sale 



TRANSACTION 


Past 3 Months 

4,350 N.M. / 8,056 km 

Mach 0.85 

13 

Oct 

11 (3.1%) 

16.6M USD 

128 

Oct 

34 

3 

Jul 

12 (3.4%) 

16.0M USD 

122 

Jul 

31 

13 

G550 



$28.8 


$16.9 

$16.3 

$18.7 

$20.8 

$24.2 

$25.0 





Sold For Sale 

4 

5 

6 

5 6 

13 

8 

20 

7 

3 

3 

2 

1 

7 

3 

3 

5 4 

6 

1 

5 2 5 

1 

1 

46 43 32 26 28 30 43 47 42 31 30 30 20 24 23 8 8 7 5 8 10 14 16 20 24 


2020 2021 2022 

PERFORMANCE 

Max Range 

Max Speed 


SUPPLY 

No. for Sale 



TRANSACTION 


Past 3 Months 

6,750 N.M. / 12,501 km 

Mach 0.87 

18 

Oct 

24 (3.9%) 

25.0M USD 

84 

Oct 

56 

8 

Jul 

14 (2.3%) 

25.0M USD 

73 

Jul 

48 

13 




G650 & G650 ER 



$41.7 

G650ER 

G650 

Average 

$37.8 

$43.0 

$47.5 

$52.7 

$49.0 $49.0 

$49.2 

$48.2 

$48.1 

G650 





G650ER 

$36.8 

Sold 

6 

16 

For Sale 

$30.2 


$37.5 

$39.2 

5 

2 1 

5 

1 

1 

3 2 

3 

5 

2 3 5 

1 

1 2 

2 1 

1 

1 

24 21 14 13 12 12 12 12 15 16 15 13 10 5 7 9 9 11 13 12 9 10 11 13 16 


2020 2021 2022 

ASIAN SKY CONSULTING 

Independent Business and General Aviation Consulting Services 

01 

02 

03 

04 

PERFORMANCE 

Max Range 

Max Speed 


SUPPLY 

No. for Sale 



TRANSACTION 


Past 3 Months 

G650 

7,000 N.M. 

12,964 km 

Mach 0.90 

18 

Oct | Jul 

8 | 4 

48.1M USD 

49.0M USD 

111 | 94 

Oct | Jul 

8 | 6 

2 | 3 

TRANSACTIONAL ADVISORY 

Manage the engagement, drafting, review and 

negotiation of any aviation transactional 

documents, liaise, control and lead the transaction 

process to ensure the best terms and successful 

results are achieved. 

OPERATION ADVISORY 

Perform operational analysis, management selection 

and due diligence, recommend operational and 

aircraft ownership structure advisory. 

MARKET RESEARCH & STUDIES 

Perform aviation market research, appraisals, 

feasibility studies and aviation business planning. 

G650ER 

7,500 N.M. 

13,890 km 

Mach 0.90 

18 

Oct | Jul 

8 | 6 

48.2M USD 

43.5M USD 

102 | 72 

Oct | Jul 

16 | 15 

1 | 8 


COMPLETION MANAGEMENT 

Generate corporate airliner cabin definition, select the 

most suitable completion facility, handle green aircraft 

delivery, carry out completion oversight and conduct 

aircraft final delivery & compliance inspections. 

Please contact our sales team for more information 

Email: sales@asianskygroup.com 

Website: www.asianskygroup.com 


MARKET 

SUMMARY 

CIVIL HELICOPTERS 



MARKET SUMMARY: CIVIL HELICOPTERS 

MARKET SUMMARY PER MODEL 

INVENTORY LEVEL, PRICE TREND & TRANSACTIONS 

H125 


$2.4 

$2.5 

$2.2 

$2.3 

$2.5 

$2.6 

$2.8 







Sold 

3 

26 26 

27 

For Sale 

2 

1 

3 6 

31 36 38 

5 

4 

1 

1 

1 

5 

2 

4 3 3 

25 24 24 15 14 15 15 19 18 19 20 19 17 14 13 

1 

8 

7 

1 

5 

2 

13 13 13 


2020 2021 2022 

17 

PERFORMANCE 

Max Range 

Max Speed 


SUPPLY 

No. for Sale 



TRANSACTION 


Past 3 Months 

340 N.M. / 630 km 

140 Knots 

6 

Oct 

17 (1.6%) 

2.8M USD 

252 

Oct 

36 

2 

Jul 

13 (1.2%) 

2.6M USD 

272 

Jul 

34 

21 

H130 



$3.6 


$2.7 

$2.7 

$2.9 

$2.5 

$2.0 

$2.8 





2 

Sold 

3 

For Sale 

2 

1 

1 

2 

2 

5 

1 

2 

5 

16 15 15 12 10 9 8 7 5 5 5 5 5 5 4 4 4 7 6 5 6 6 7 7 7 


2020 2021 2022 

2 

1 

3 3 

3 

4 

PERFORMANCE 

Max Range 

Max Speed 


SUPPLY 

No. for Sale 



TRANSACTION 


Past 3 Months 

333 N.M. / 606km 

128 Knots 

7 

Oct 

7 (2.0%) 

3.6M USD 

73 

Oct 

16 

7 

Jul 

6 (1.8%) 

2.8M USD 

240 

Jul 

9 

6 




EC135P2 & T2 


EC135T2 

EC135P2 

Average 

$2.9 $2.9 


EC135P2 EC135T2 

$2.5 

$2.3 

$2.0 




$1.7 

$1.7 


$1.7 

$1.7 


Sold For Sale 

$1.7 $1.7 

$1.7 

$1.7 

$1.6 

PERFORMANCE 

Max Range 

Max Speed 


EC135P2 

332 N.M. 

614 km 

127 Knots 

6 

EC135T2 

332 N.M. 

614 km 

127 Knots 

6 

1 

1 

2 

1 1 1 

1 1 2 

1 

1 

1 

SUPPLY 

No. for Sale 



Oct | Jul 

5 | 5 

2.9M USD 

2.9M USD 

467 | 375 

Oct | Jul 

1 | 2 

1.6M USD 

1.7M USD 

389 | 257 

7 7 7 10 9 9 8 8 8 5 5 5 8 8 9 9 10 10 10 9 9 7 6 6 6 


2020 2021 2022 

TRANSACTION 


Past 3 Months 

Oct | Jul 

3 | 3 

0 | 2 

Oct | Jul 

4 | 3 

1 | 3 

EC145 



$3.7 

$3.7 


$2.9 

$3.0 

$2.8 





Sold 

For Sale 

$2.4 

$2.2 

PERFORMANCE 

Max Range 

Max Speed 


461 N.M. / 855 km 

131 Knots 

9 

1 

2 

2 

1 

1 

2 

1 

2 

1 

2 

2 

1 1 

SUPPLY 

No. for Sale 



Oct 

10 (1.4%) 

2.2M USD 

426 

Jul 

10 (1.4%) 

2.4M USD 

334 

9 7 7 7 6 7 7 8 8 7 5 5 5 9 9 10 10 9 9 10 10 10 10 10 10 


2020 2021 2022 

TRANSACTION 


Past 3 Months 

Oct 

7 

2 

Jul 

5 

0 




H155 & EC155B 


EC155B 

H155 

Average 

$3.9 

$3.5 

$3.4 

$3.7 

$3.6 

$3.6 

$2.6 

$2.6 

$2.6 

$2.4 

$4.0 

$2.4 


H155 EC155B 






Sold For Sale 

PERFORMANCE 

Max Range 

Max Speed 


H155 

516 N.M. 

955 km 

150 Knots 

13 

EC155B 

516 N.M. 

955 km 

135 Knots 

13 

1 

1 

2 

1 

3 

3 

3 

1 

SUPPLY 

No. for Sale 



Oct | Jul 

9 | 10 

4.0M USD 

4.0M USD 

998 | 818 

Oct | Jul 

3 | 1 

2.4M USD 

2.4M USD 

106 | 106 

15 12 11 11 10 10 10 12 11 12 13 12 10 8 8 9 10 10 9 8 10 11 10 12 12 


2020 2021 2022 

TRANSACTION 


Past 3 Months 

Oct | Jul 

7 | 7 

0 | 1 

Oct | Jul 

0 | 0 

0 | 0 

H225 



$9.0 



$5.5 

$5.0 




Sold 

For Sale 

$3.9 

$3.9 $3.8 $3.8 

PERFORMANCE 

Max Range 

Max Speed 


452 N.M. / 837 km 

142 Knots 

19 

10 

1 2 2 

1 

1 

1 

3 

2 

SUPPLY 

No. for Sale 


Avg Days onMarket 

Oct 

7 (4.0%) 

3.8M USD 

695 

Jul 

8 (4.5%) 

3.8M USD 

563 

9 11 11 11 11 11 12 12 12 11 11 11 11 11 11 11 13 10 9 8 8 8 8 8 7 


TRANSACTION 


Past 3 Months 

Oct 

8 

2 

Jul 

6 

4 

2020 2021 2022 




BELL 206 JETRANGER / LONGRANGER 


$0.8 

$0.8 

$0.8 

$0.9 

$0.9 

Bell 206 LongRanger 

Bell 206 JetRanger 

Average 

$0.9 

$0.9 


Bell 206J Bell 206L 




$0.5 

$0.5 


Sold For Sale 

$0.5 

$0.5 

$0.6 

$0.7 

$0.6 


PERFORMANCE 

Max Range 

Max Speed 


Bell 206J 

374 N.M. 

693 km 

121 Knots 

4 

Bell 206L 

270 N.M. 

500 km 

105 Knots 

6 

3 8 

3 

7 8 11 15 14 

14 

8 

4 

5 

6 

10 11 

2 

14 

6 

9 16 

10 8 10 11 

4 

SUPPLY 

No. for Sale 



Oct | Jul 

63 | 67 

0.6M USD 

0.6M USD 

742 | 794 

Oct | Jul 

45 | 39 

0.9M USD 

0.9M USD 

399 | 413 

221 222 215 197 205 195 197 197 184 175 169 162 161 154 143 140 138 118 110 104 99 106 108 112 108 


TRANSACTION 


Past 3 Months 

Oct | Jul 

110 | 85 

25 | 42 

Oct | Jul 

1 | 1 

0 | 1 

2020 2021 2022 

BELL 407 



$2.4 

$2.2 

$2.2 

$2.1 

$2.3 

$2.5 

$2.5 






Sold For Sale 

1 

6 

6 2 3 

8 

3 

5 

4 5 

2 

7 

4 8 

5 

5 

4 6 7 11 

6 

7 3 1 

64 66 68 67 71 68 68 66 64 61 59 53 55 57 50 37 32 28 27 27 24 24 25 31 27 


2020 2021 2022 

PERFORMANCE 

Max Range 

Max Speed 


SUPPLY 

No. for Sale 



TRANSACTION 


Past 3 Months 

323 N.M. / 598 km 

132 Knots 

7 

Oct 

27 (1.6%) 

2.5M USD 

358 

Oct 

70 

10 

Jul 

24 (1.4%) 

2.5M USD 

398 

Jul 

60 

31 




BELL 412EP/412HP 


Bell 412 HP 

Bell 412 EP 


Average 

Bell 412EP Bell 412HP 


$4.7 

$4.7 

$5.4 

$6.4 

$4.9 



$3.3 

$3.1 


$2.2 

$2.2 


Sold For Sale 

$2.6 

$2.6 

$2.6 $2.6 

$2.6 

PERFORMANCE 

Max Range 

Max Speed 


Bell 412EP 

356 N.M. / 

659 km 

140 Knots 

9 

Bell 412HP 

349 N.M. / 

646 km 

133 Knots 

14 

1 

1 

8 

1 

1 

1 

3 

2 

1 

2 

1 

2 

1 

3 

1 1 

2 

SUPPLY 

No. for Sale 



Oct | Jul 

18 | 20 

4.9M USD 

6.4M USD 

404 | 360 

Oct | Jul 

1 | 1 

2.6M USD 

2.6M USD 

610 | 518 

29 29 30 31 29 29 23 22 21 23 24 24 22 22 21 20 22 23 21 20 21 21 22 20 19 


TRANSACTION 


Past 3 Months 

Oct | Jul 

14 | 11 

3 | 7 

Oct | Jul 

0 | 0 

0 | 0 

2020 2021 2022 

BELL 429 



$6.2 




$4.2 

$3.9 $4.0 

$4.0 

$4.0 

$4.3 



Sold For Sale 

1 

1 

2 

3 

1 

1 1 

1 1 

2 

1 

3 

1 1 

1 

2 

1 

1 2 1 

15 14 12 9 8 9 9 8 8 8 6 5 5 5 4 3 3 3 5 6 6 5 4 6 5 


2020 2021 2022 

PERFORMANCE 

Max Range 

Max Speed 


SUPPLY 

No. for Sale 



TRANSACTION 


Past 3 Months 

368 N.M. / 681 km 

130 Knots 

7 

Oct 

5 (1.2%) 

6.2M USD 

272 

Oct 

13 

3 

Jul 

5 (1.2%) 

4.3M USD 

370 

Jul 

10 

4 




AW109SP GRANDNEW 



$4.7 

$4.8 

$4.7 

$4.5 $4.5 

$4.6 






Sold 

For Sale 

$3.9 

PERFORMANCE 

Max Range 

Max Speed 


480 N.M. / 889 km 

130 Knots 

7 

1 

4 

2 2 

1 

1 

4 

1 4 

1 

1 

22 22 19 15 16 14 13 15 14 10 8 7 7 6 6 10 10 9 7 7 7 10 12 14 14 


2020 2021 2022 

1 

SUPPLY 

No. for Sale 



TRANSACTION 


Past 3 Months 

Oct 

14 (6.6%) 

3.9M USD 

154 

Oct 

8 

1 

Jul 

10 (4.8%) 

3.9M USD 

114 

Jul 

7 

5 

AW139 



$6.8 

$7.5 



$5.9 

$5.2 

$5.9 

$5.9 



$5.4 


Sold For Sale 

4 1 1 2 

3 4 2 

4 

3 

3 

1 

2 

3 

3 

4 

3 

4 

3 

2 

1 

28 29 28 31 31 32 30 32 31 29 32 31 33 31 30 27 28 20 17 15 13 13 14 15 17 


2020 2021 2022 

PERFORMANCE 

Max Range 

Max Speed 


SUPPLY 

No. for Sale 



TRANSACTION 


Past 3 Months 

568 N.M. / 1,052 km 

140 Knots 

15 

Oct 

17 (1.6%) 

7.5M USD 

403 

Oct 

32 

10 

Jul 

13 (1.2%) 

7.5M USD 

483 

Jul 

22 

10 




S-76C+ / S-76C++ 


$3.3 

S76C+ 

S76C++ 

Average 


S76C+ 

S76C++ 


$2.2 

$1.7 

$1.8 

$2.5 

$2.1 

$2.5 

$1.9 

$1.9 

$2.5 

$1.9 

$2.5 

$2.5 





Sold For Sale 

$1.4 

PERFORMANCE 

Max Range 

Max Speed 


S-76C+ 

335 N.M. / 

620 km 

155 Knots 

12 

S-76C++ 

335 N.M. / 

620 km 

155 Knots 

12 

4 

1 

5 

1 1 

1 1 2 

3 1 

42 44 39 42 32 27 24 23 23 22 22 23 22 22 22 21 23 21 20 19 15 16 14 15 13 


2020 2021 2022 


SUPPLY 

No. for Sale 



TRANSACTION 


Past 3 Months 

Oct | Jul 

9 | 11 

2.5M USD 

1.9M USD 

979 | 1001 

Oct | Jul 

4 | 4 

0 | 4 

Oct | Jul 

4 | 5 

2.5M USD 

2.5M USD 

622 | 618 

Oct | Jul 

9 | 9 

0 | 7 


AIRBUS - EC135P2+ SN0682 

TOTAL HOURS: 3,425 HOURS SINCE NEW 

• 2+4 VIP configuration 

• Single pilot / dual pilot IFR 

• 3-Axis autopilot 

• Air comm air conditioning system 

• Safran aero emergency floats 

• Aero metals engine inlet barrier filter system 

• Outerlink flight data monitoring system 

• Weather radar fixed parts

Asian Sky Quarterly 2022 Q3

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?