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Asian Sky Quarterly 2023 Q4

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MARKET SUMMARY: CIVIL HELICOPTERS<br />

AIRBUS EC135/H135<br />

Market Value (Million USD)<br />

1998 EC135 P1 2008 EC135 P2<br />

2020 H135 <strong>2023</strong> H135<br />

$5.85 $5.65<br />

$3.27<br />

$2.86<br />

$7.05<br />

$5.28<br />

$2.98<br />

Market Indicators (vs. Last Quarter)<br />

Transaction Level (Past 12 Months)<br />

Inventory Level<br />

Average Asking Price<br />

Average Days on Market<br />

$0.98 $1.12 $1.06<br />

Dec<br />

2021<br />

For Sale vs. Sold<br />

Sold<br />

Mar Jun Sep<br />

Dec<br />

Mar Jun Sep<br />

2022 2022 2022 2022 <strong>2023</strong> <strong>2023</strong> <strong>2023</strong><br />

For Sale<br />

Dec<br />

<strong>2023</strong><br />

MARKET<br />

No. for Sale (% of fleet)<br />

Avg Asking Price (USD)<br />

Avg Days on Market<br />

Sold in Past 12 Months<br />

Sold in Past 3 Months<br />

Sep-23<br />

4 (1.4%)<br />

2.58M<br />

245<br />

9<br />

0<br />

Dec-23<br />

10 (3.4%)<br />

2.36M<br />

170<br />

4<br />

0<br />

9 10 7 6 4 4<br />

4 4 10<br />

Dec<br />

2021<br />

1 1<br />

2<br />

1<br />

2<br />

1<br />

1<br />

1<br />

3<br />

Mar Jun Sep<br />

Dec<br />

Mar Jun Sep<br />

2022 2022 2022 2022 <strong>2023</strong> <strong>2023</strong> <strong>2023</strong><br />

1<br />

2<br />

1<br />

Dec<br />

<strong>2023</strong><br />

The Twin engine EC135/H135 is a proven type<br />

in a variety of missions, especially EMS, law<br />

enforcement and corporate. Inventory level has<br />

increased slightly but still at very low levels.<br />

Values decreased by around 4% based on market<br />

activity. There is a well spread fleet globally and<br />

across numerous missions, and the 135 has been a<br />

popular choice for operators upgrading from Single<br />

engine turbine helicopters.<br />

Note: Only EC135T2, EC135P2 were included in Market Indicators and For Sale vs. Sold.<br />

AIRBUS EC145/H145<br />

Market Value (Million USD)<br />

$5.38<br />

$3.30<br />

Dec<br />

2021<br />

2<br />

Sold<br />

Dec<br />

2021<br />

2009 EC145 T1 2015 EC145 T2<br />

2<br />

Mar Jun Sep<br />

Dec<br />

Mar Jun Sep<br />

2022 2022 2022 2022 <strong>2023</strong> <strong>2023</strong> <strong>2023</strong><br />

For Sale vs. Sold<br />

For Sale<br />

1<br />

1<br />

2<br />

2022 EC145 T3 <strong>2023</strong> EC145 T3<br />

$9.75<br />

$5.87<br />

$3.60<br />

3<br />

1 1 1<br />

2<br />

12 11 12 12 13 11<br />

9 9 10<br />

Mar Jun Sep<br />

Dec<br />

Mar Jun Sep<br />

2022 2022 2022 2022 <strong>2023</strong> <strong>2023</strong> <strong>2023</strong><br />

Note: EC145T3 was not included in Market Indicators and For Sale vs. Sold.<br />

2<br />

4 4<br />

6<br />

1<br />

5<br />

3<br />

$9.94<br />

$8.80<br />

$5.02<br />

$3.08<br />

Dec<br />

<strong>2023</strong><br />

Dec<br />

<strong>2023</strong><br />

Market Indicators (vs. Last Quarter)<br />

Transaction Level (Past 12 Months)<br />

Inventory Level<br />

Average Asking Price<br />

Average Days on Market<br />

MARKET<br />

Sep-23<br />

Dec-23<br />

No. for Sale (% of fleet) 9 (0.9%) 10 (1.0%)<br />

Avg Asking Price (USD) 3.58M 2.86M<br />

Avg Days on Market 206 242<br />

Sold in Past 12 Months 23<br />

31<br />

Sold in Past 3 Months 11<br />

8<br />

Successful model in the corporate, EMS and law<br />

enforcement sectors. Inventory levels have been fairly<br />

consistent since Q3 <strong>2023</strong>, although the higher proportion<br />

of older builds mean a reduced average asking price, but<br />

market values are generally stable. The D3 five blade<br />

variant is in service, with upgrades offered for T2 models<br />

for increased performance and extended service life.<br />

Despite newer competition on the market, the proven<br />

EC145/H145 is expected to maintain its popularity and<br />

market share.<br />

Source: AMSTAT & ASG<br />

89 | ASIAN SKY QUARTERLY - FOURTH QUARTER <strong>2023</strong>

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