Asian Sky Quarterly 2023 Q4
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GLOBAL PRE-OWNED MARKET UPDATE<br />
HEAVY JETS - SHORT TERM MEDIAN VALUE CHANGE<br />
35%<br />
Increase Decrease Total<br />
30%<br />
25%<br />
20%<br />
15%<br />
10%<br />
5%<br />
0%<br />
Jan1<br />
Jan15<br />
Feb1<br />
Feb15<br />
Mar1<br />
Mar15<br />
Apr1<br />
Apr15<br />
May1<br />
May15<br />
Jun1<br />
Jun15<br />
Jul1<br />
Jul15<br />
Aug1<br />
Aug15<br />
Sep1<br />
Sep15<br />
Oct1<br />
Oct15<br />
Nov1<br />
Nov15<br />
Dec1<br />
Dec15<br />
Jan1<br />
Jan15<br />
Feb1<br />
Feb15<br />
Mar1<br />
Mar15<br />
Apr1<br />
Apr15<br />
May1<br />
May15<br />
Jun1<br />
Jun15<br />
Jul1<br />
Jul15<br />
Aug1<br />
Aug15<br />
Sep1<br />
Sep15<br />
Oct1<br />
Oct15<br />
Nov1<br />
Nov15<br />
Dec1<br />
Dec15<br />
Jan1<br />
Jan15<br />
Year-over year, the median value of pre-owned Heavy Jets is<br />
down 9% and over the last 3 months this metric is down 5%. This<br />
recent decline is due to a slowdown in pre-owned transaction<br />
activity. Heavy Jet resale retail transactions in <strong>2023</strong> were down<br />
14% compared to 2022. This count of transactions falls 11% short<br />
of a 5-year average and will likely end in line with 2019 and 2020.<br />
Pre-owned availability in the Heavy Jet segment is up 35% yearover-year.<br />
6.1% of the active Heavy Jets are for sale, compared<br />
to a 10-year average of 7.6%. The Heavy Jet pre-owned inventory<br />
fell 7% in December with <strong>Q4</strong> transaction activity outperforming all<br />
other quarters in <strong>2023</strong>.<br />
SUPER-MID JETS - SHORT TERM MEDIAN VALUE CHANGE<br />
50%<br />
Increase Decrease Total<br />
40%<br />
30%<br />
20%<br />
10%<br />
0%<br />
Jan1<br />
Jan15<br />
Feb1<br />
Feb15<br />
Mar1<br />
Mar15<br />
Apr1<br />
Apr15<br />
May1<br />
May15<br />
Jun1<br />
Jun15<br />
Jul1<br />
Jul15<br />
Aug1<br />
Aug15<br />
Sep1<br />
Sep15<br />
Oct1<br />
Oct15<br />
Nov1<br />
Nov15<br />
Dec1<br />
Dec15<br />
Jan1<br />
Jan15<br />
Feb1<br />
Feb15<br />
Mar1<br />
Mar15<br />
Apr1<br />
Apr15<br />
May1<br />
May15<br />
Jun1<br />
Jun15<br />
Jul1<br />
Jul15<br />
Aug1<br />
Aug15<br />
Sep1<br />
Sep15<br />
Oct1<br />
Oct15<br />
Nov1<br />
Nov15<br />
Dec1<br />
Dec15<br />
Jan1<br />
Jan15<br />
The median value of pre-owned Super-Mid Jets is down 11%<br />
year-over year and down 6% in the last 3 months. Super-Mid<br />
Jet demand has slowed, with resale retail transactions in <strong>2023</strong><br />
down 27% versus 2022 and 14% below the 5-year average.<br />
Transaction counts will end up ahead of 2019 and in line with<br />
2020. Availability in this market is up 41% year-over-year. 6.6% of<br />
the fleet is for resale compared to a 10-year average of 7.7%. Of<br />
all the business aircraft segments, the Super-Mid Jet market saw<br />
the greatest year-over-year decline in pre-owned transactions and<br />
the greatest increase in pre-owned inventory. These factors likely<br />
also caused this market segment to have the greatest decline in<br />
median value year-over-year.<br />
33 | ASIAN SKY QUARTERLY - FOURTH QUARTER <strong>2023</strong>
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