Asian Sky Quarterly 2023 Q4
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GLOBAL PRE-OWNED MARKET UPDATE<br />
Using data derived from their Premier+ and Aircraft Valuation Tool<br />
services, AMSTAT provides an update on the pre-owned business<br />
aircraft market. Important note: the timing of this update is such that<br />
transaction data for the end of <strong>2023</strong> is still coming in. While most of<br />
the data has been received, it is likely that transaction counts will go<br />
up slightly once all the data is in. There were 17% fewer transactions<br />
recorded in <strong>2023</strong> than in 2022 and this transaction count is 11%<br />
below the 5-year average. Pre-owned inventory is up 27% year-overyear<br />
but remains below 10-year average levels. Higher supply and<br />
slowing demand continue to put downward pressure on values and<br />
the short-term median value for business aircraft has dropped 6%<br />
year-over-year and 8% over the last six months.<br />
BUSINESS JETS - RESALE RETAIL TRANSACTIONS<br />
2021 2022 <strong>2023</strong><br />
600<br />
500<br />
400<br />
Pending final <strong>2023</strong> data, the pre-owned business jets<br />
transaction count for <strong>2023</strong> was 15% lower than 2022 and<br />
10% below the 5-year average. <strong>2023</strong> pre-owned transaction<br />
levels will likely end in line with 2019 and 2020.<br />
300<br />
200<br />
100<br />
0<br />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec*<br />
BUSINESS TURBOPROPS - RESALE RETAIL TRANSACTIONS<br />
250<br />
200<br />
2021 2022 <strong>2023</strong><br />
The pre-owned business turboprop transaction count for <strong>2023</strong><br />
was 20% lower than 2022 and 13% below the 5-year average.<br />
<strong>2023</strong> pre-owned transaction levels will likely end in line with<br />
2019 and 2020.<br />
150<br />
100<br />
50<br />
0<br />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec*<br />
BUSINESS JETS & TURBOPROPS FOR SALE / LEASE<br />
Jets<br />
1,800<br />
1,600<br />
1,400<br />
1,200<br />
1,000<br />
800<br />
600<br />
400<br />
Jan<br />
<strong>2023</strong><br />
*Preliminary Data<br />
Turboprop<br />
Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan<br />
2024<br />
The inventory of pre-owned<br />
business jets for sale is up 29%<br />
year-over-year. While this change<br />
is significant, only 6.1% of the<br />
active fleet is for sale compared<br />
to a 10-year average of 8.8%.<br />
The inventory of pre-owned<br />
turboprops for sale is up 24%<br />
year-over-year. Today, 4% of the<br />
active fleet of turboprops is<br />
for sale, compared to a 10-year<br />
average of 6.6%.<br />
FOURTH QUARTER <strong>2023</strong> — ASIAN SKY QUARTERLY | 32
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