Asian Sky Quarterly 2023 Q4
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GLOBAL PRE-OWNED MARKET UPDATE<br />
MEDIUM JETS - SHORT TERM MEDIAN VALUE CHANGE<br />
Increase Decrease Total<br />
60%<br />
50%<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 Medium Jets fell only 1% year-overyear<br />
but is down 11% in the last 6 months. Pre-owned transaction<br />
activity in <strong>2023</strong> was 23% below 2022 and 21% below the 5-year<br />
average. Transaction activity in this segment will likely end in line<br />
with 2019 but not reach 2020 levels. Availability in this segment<br />
is up 30% year-over-year with 5.9% of the fleet for sale versus a<br />
10-year average of 8.9%. A drop in demand for pre-owned aircraft in<br />
this segment seems to have had an impact on the value trend.<br />
LIGHT 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 />
The median value change in this pre-owned segment is down 5%<br />
year-over-year but down 10% from the summer <strong>2023</strong>. As with other<br />
jet segments, resale transactions activity in this market in <strong>2023</strong><br />
was lower than 2022 (by 9%) but fell only 2% short of the 5-year<br />
average and ahead of 2019 and 2020. Availability in this market is<br />
up 23% year-over-year. 6.2% of the fleet is for sale compared to a<br />
10-year average of 9.6%.<br />
FOURTH QUARTER <strong>2023</strong> — ASIAN SKY QUARTERLY | 34
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