Asian Sky Quarterly 2022 Q4
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MENA PROFILE: HELICOPTER<br />
PRE-OWNED MARKET<br />
For Sale vs. Sold<br />
Peak transactions of up to<br />
For Sale<br />
35<br />
Sold<br />
four units occurred primarily<br />
in the third quarter of each<br />
year. During those periods,<br />
30<br />
sold aircraft represented<br />
approximately 0.5% of the total<br />
fleet in operation. Listings<br />
25<br />
in the region peaked for the<br />
first time between December<br />
20<br />
15<br />
10<br />
1 1 1<br />
2<br />
4<br />
3<br />
1<br />
3<br />
2<br />
4<br />
2<br />
2 2<br />
1<br />
1<br />
1<br />
4<br />
2 2<br />
1<br />
2<br />
2020 and March 2021, when<br />
an average of 1.9% of the<br />
fleet was for sale. Following a<br />
quieter period for the market in<br />
<strong>Q4</strong> of 2021, supply increased<br />
again to an average of 1.5%<br />
across Q2 of <strong>2022</strong>.<br />
5<br />
8 8 8 8 7 8 8 8 7 9 10 14 16 15 15 10 10 10 9 9 9 8 7 7 7 7 11 9 12 12 12 11 12 10 11 11 31<br />
0<br />
Jan<br />
20<br />
Mar<br />
20<br />
May<br />
20<br />
Jul<br />
20<br />
Sep<br />
20<br />
Nov<br />
20<br />
Jan<br />
21<br />
Mar<br />
21<br />
May<br />
21<br />
Jul<br />
21<br />
Sep<br />
21<br />
Nov<br />
21<br />
Jan<br />
22<br />
Mar<br />
22<br />
May<br />
22<br />
Jul<br />
22<br />
Sep<br />
22<br />
Nov<br />
22<br />
Jan<br />
23<br />
Avg. Days on Market<br />
900<br />
Due to the increased<br />
absorption rate from the<br />
refreshed supply, the average<br />
wait time for listings on the<br />
market decreased from a peak<br />
806 days in Q1 <strong>2022</strong> to 97<br />
days at the end of <strong>Q4</strong> <strong>2022</strong>.<br />
800<br />
700<br />
600<br />
500<br />
400<br />
300<br />
200<br />
There was a significant increase<br />
in the number of Medium type<br />
helicopters listed in the MENA<br />
market near the end of this<br />
quarter, which included 14<br />
AW139s and six A109Es from<br />
Leonardo Agusta.<br />
ARAMCO Capital Company,<br />
LLC, solely listed these<br />
helicopters through their<br />
aviation division (ARAMCO<br />
Aviation), which owns one of<br />
the largest offshore oil field<br />
operators under the name<br />
Saudi Arabian Oil Company.<br />
100<br />
The reasons for offloading<br />
0<br />
Jan<br />
20<br />
Mar<br />
20<br />
May<br />
20<br />
Jul<br />
20<br />
Sep<br />
20<br />
Nov<br />
20<br />
Jan<br />
21<br />
Mar<br />
21<br />
May<br />
21<br />
Jul<br />
21<br />
Sep<br />
21<br />
Nov<br />
21<br />
Jan<br />
22<br />
Mar<br />
22<br />
May<br />
22<br />
Jul<br />
22<br />
Sep<br />
22<br />
Nov<br />
22<br />
Jan<br />
23<br />
its helicopter fleet in such<br />
a short period of time are<br />
largely attributed to its desire<br />
18 | GLOBAL SKY QUARTERLY — FOURTH QUARTER <strong>2022</strong>
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