Asian Sky Quarterly 2023 Q4

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MARKET SPOTLIGHT PRE-OWNED MARKET ANALYSIS Market Value (Million USD) 4 1995 AS350B2 2008 AS350B3 2020 H125 2023 H125 3.5 $3.32 $3.35 3 $2.70 $2.80 $2.89 2.5 2 1.5 1 $1.54 $1.52 $0.86 $0.93 $1.74 $1.87 $1.07 $1.07 0.5 0 Dec 20 Mar 21 Jun 21 Sep 21 Dec 21 Mar 22 Jun 22 Sep 22 Dec 22 Mar 23 Jun 23 Sep 23 Dec 23 Data Source: VREF & ASG Aircraft for Sale As one of the most liquid and the most traded models AS350B2 AS350B3 H125 180 160 140 120 100 80 60 40 20 in the global pre-owned market, the AS350/H125 family of helicopters has experienced significant changes in their supply-demand ratio over the past three years. Demand has increased year-on-year, which can be reflected in the annual transaction volume. The recorded global retail transaction volume increased from 174 transactions in 2021 to 204 transactions in 2023, representing a growth rate of 17.2%. However, supply for the AS350/H125 helicopters in the 0 Dec Mar Jun 20 21 21 Data Source: AMSTAT Sep 21 Dec 21 Mar 22 Jun 22 Sep 22 Dec 22 Mar 23 Jun 23 Sep 23 Dec 23 secondary market has shown a downward trend yearon-year, with the average percentage of helicopters for sale declining from 4.7% at the end of Q4 2020 to 2.1% Percentage for Sale AS350B2 AS350B3 H125 at the end of Q4 2023. The average days on the market for pre-owned AS350/H125 decreased by approximately 360 days in three years. 7% 6% 5% These market trends further reinforces the dominant position of the AS350/H125 family in its class. The large, well-spread fleet both geographically and 4% among operator categories boosts liquidity and value 3% 2% retention. There is also an abundance of AS350/H125 qualified pilots, engineers, mechanics, spare parts, engineering support and overall experience with the 1% type. Together with its reliability, flexibility, cost- 0 Dec 20 Mar 21 Jun 21 Data Source: AMSTAT Sep 21 Dec 21 Mar 22 Jun 22 Sep 22 Dec 22 Mar 23 Jun 23 Sep 23 Dec 23 effectiveness and capability, the AS350/H125 family continues to be the helicopter of choice in the Single turbine engine category. 45 | ASIAN SKY QUARTERLY - FOURTH QUARTER 2023
MARKET SPOTLIGHT Avg. Days on Market AS350B2 AS350B3 H125 Average 1,000 900 800 700 600 500 400 300 200 100 0 Dec 20 Data Source: AMSTAT Mar 21 Jun 21 Sep 21 Dec 21 Mar 22 Jun 22 Sep 22 Dec 22 Mar 23 Jun 23 Sep 23 Dec 23 Aircraft Transactions AS350B2 AS350B3 H125 30 25 20 15 10 5 0 Dec 20 Mar 21 Data Source: AMSTAT & ASG Note: Preliminary data for Dec 2023. Jun 21 Sep 21 Dec 21 Mar 22 Jun 22 Sep 22 Dec 22 Mar 23 Jun 23 Sep 23 Dec 23 The older AS350 B2 model recorded the most sales activity in recent years. Availability has declined since the end of 2020, and only 33 (2.9% of the fleet) were listed for sale at the end of 2023, which is relatively low considering the overall fleet size. Demand remains high for the B2 model, despite its age, and 90 retail transactions were recorded during 2023. With low availability of the newer models, the B2 remained a popular choice in the pre-owned market. Availability of the newer B3 model has also declined by 48% since the end of 2022 and reached just 13 units, or 1.3% of the fleet by the end of 2023. There were 61 recorded retail transactions in 2023, an increase of just four transactions from the previous year. While FOURTH QUARTER 2023 — ASIAN SKY QUARTERLY | 46
Page 1 and 2: 4TH QUARTER 2023 CESSNA CITATION CJ
Page 3 and 4: PUBLISHER Director Dennis Lau tackl
Page 5 and 6: CONTENTS 01 ASIA-PACIFIC MOOD & INT
Page 7 and 8: QUARTERLY SURVEY RESPONDENT BREAKDO
Page 9 and 10: MOOD & INTENTIONS: QUARTERLY SURVEY
Page 11 and 12: MOOD & INTENTIONS: QUARTERLY SURVEY
Page 13 and 14: ASIA-PACIFIC BUSINESS JET FLIGHT AC
Page 15 and 16: FLIGHT ACTIVITY In the fourth quart
Page 17 and 18: FOURTH QUARTER 2023 — ASIAN SKY Q
Page 19 and 20: FLIGHT ACTIVITY The most popular de
Page 21 and 22: FLIGHT ACTIVITY Mumbai (Chhatrapati
Page 23 and 24: IADA MARKET REPORT BACKGROUND ON RE
Page 25 and 26: IADA MARKET REPORT AIRCRAFT SALES M
Page 27 and 28: IADA MARKET REPORT 6-MONTH MARKET S
Page 29 and 30: WILLINGNESS TO INVENTORY PROJECTION
Page 31 and 32: IADA MARKET REPORT MONTHLY ACTIVITY
Page 33 and 34: IADA MARKET REPORT TOTAL CLOSED DEA
Page 37 and 38: GLOBAL PRE-OWNED MARKET UPDATE Usin
Page 39 and 40: GLOBAL PRE-OWNED MARKET UPDATE MEDI
Page 41 and 42: GLOBAL BUSINESS AVIATION MARKET UPD
Page 47 and 48: MARKET SPOTLIGHT FLEET SUMMARY MODE
Page 49: MARKET SPOTLIGHT Fleet in Operation
Page 55 and 56: SPONSORED CONTENT Long legs across
Page 57 and 58: MRO JAPAN 25% owned by Japanese air
Page 59 and 60: SAPPORO OPENS NEW FBO is largely se
Page 61 and 62: MARKET DYNAMICS: BUSINESS JETS PRE-
Page 63 and 64: MARKET DYNAMICS: BUSINESS JETS % OF
Page 65 and 66: MARKET DYNAMICS: BUSINESS JETS MARK
Page 67 and 68: MARKET DYNAMICS: HELICOPTERS rates
Page 69 and 70: MARKET DYNAMICS: HELICOPTERS SUPPLY
Page 71 and 72: MARKET SUMMARY BUSINESS JETS Q4 202
Page 73 and 74: AIRCRAFT POSITIONING ANNUAL OPERATI
Page 75 and 76: MARKET SUMMARY INVENTORY LEVEL, PRI
Page 77 and 78: MARKET SUMMARY: BUSINESS JETS CHALL
Page 79 and 80: MARKET SUMMARY: BUSINESS JETS CHALL
Page 81 and 82: MARKET SUMMARY: BUSINESS JETS CITAT
Page 83 and 84: MARKET SUMMARY: BUSINESS JETS FALCO
Page 85 and 86: MARKET SUMMARY: BUSINESS JETS FALCO
Page 87 and 88: MARKET SUMMARY: BUSINESS JETS LINEA
Page 89 and 90: MARKET SUMMARY: BUSINESS JETS G450
Page 91 and 92: MARKET SUMMARY CIVIL HELICOPTERS Q4
Page 93 and 94: MARKET SUMMARY INVENTORY LEVEL, VAL
Page 95 and 96: MARKET SUMMARY: CIVIL HELICOPTERS A
Page 97 and 98: MARKET SUMMARY: CIVIL HELICOPTERS B
Page 99 and 100: MARKET SUMMARY: CIVIL HELICOPTERS L
Page 101:
ASIAN SKY GROUP - AIRCRAFT AVAILABI
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Asian Sky Quarterly 2023 Q4

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