Asian Sky Quarterly 2023 Q4
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MARKET DYNAMICS: BUSINESS JETS<br />
PRE-OWNED BUSINESS JETS MARKET <strong>Q4</strong> <strong>2023</strong><br />
GLOBAL INVENTORY VALUE (MILLION USD) 1, 2<br />
Corp. Airliner Long Range Large Medium Light<br />
10,000<br />
8,000<br />
6,000<br />
4,000<br />
2,000<br />
0<br />
<strong>Q4</strong> 2020 Q1 2021 Q2 2021 Q3 2021 <strong>Q4</strong> 2021 Q1 2022 Q2 2022 Q3 2022 <strong>Q4</strong> 2022 Q1 <strong>2023</strong> Q2 <strong>2023</strong> Q3 <strong>2023</strong> <strong>Q4</strong> <strong>2023</strong><br />
APAC INVENTORY VALUE (MILLION USD) 1, 2<br />
Corp. Airliner Long Range Large Medium Light<br />
1,000<br />
800<br />
600<br />
400<br />
200<br />
0<br />
<strong>Q4</strong> 2020 Q1 2021 Q2 2021 Q3 2021 <strong>Q4</strong> 2021 Q1 2022 Q2 2022 Q3 2022 <strong>Q4</strong> 2022 Q1 <strong>2023</strong> Q2 <strong>2023</strong> Q3 <strong>2023</strong> <strong>Q4</strong> <strong>2023</strong><br />
The global inventory value at the end of <strong>Q4</strong> <strong>2023</strong> declined to USD<br />
8.30 billion after reaching a peak of USD 8.80 billion in October,<br />
representing a 33.6% year-over-year increase compared to the end of<br />
2022, and a 162% increase from the end of December 2021. Global<br />
inventory growth was not significant compared to the previous<br />
quarter. The models with the largest changes in market value were<br />
the Large Gulfstream G450 which added eight new listings (up<br />
USD 124 million), and <strong>2023</strong>s best-selling model – the Long Range<br />
Gulfstream G550 (down USD 280 million).<br />
A total of eight Corporate Airliners (three ACJs, three BBJs and two<br />
Lineage 1000s) were sold during the fourth quarter, resulting in a<br />
decrease in the total inventory value from USD 679 million to USD<br />
571 million. This led to a decline in the inventory value of Corporate<br />
1. <strong>Asian</strong> <strong>Sky</strong> Group's Business Jet Inventory Value by size category is calculated by taking the total number of aircraft for sale from a selection of 44 models, multiplied by their average asking price.<br />
2. Historical inventory value and transactions are subject to change based on latest market information updates.<br />
FOURTH QUARTER <strong>2023</strong> — ASIAN SKY QUARTERLY | 56
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