Asian Sky Quarterly 2023 Q4
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MARKET SUMMARY: CIVIL HELICOPTERS<br />
BELL 505 JET RANGER X<br />
Market Value (Million USD)<br />
2017 BELL 505 2020 BELL 505<br />
<strong>2023</strong> BELL 505<br />
Market Indicators (vs. Last Quarter)<br />
Transaction Level (Past 12 Months)<br />
$1.67<br />
$1.65<br />
Inventory Level<br />
$1.30<br />
$1.40<br />
$1.49<br />
$1.25<br />
Average Asking Price<br />
Average Days on Market<br />
$1.00<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 />
24 (5.3%)<br />
1.46M<br />
269<br />
28<br />
8<br />
Dec-23<br />
24 (5.1%)<br />
1.39M<br />
319<br />
27<br />
4<br />
Dec<br />
2021<br />
3 1<br />
2 2<br />
3<br />
2<br />
2<br />
6 2<br />
2<br />
1<br />
15 13 15 17 20 23 24 24 24<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 />
1<br />
4<br />
3 3<br />
3<br />
5<br />
3 2 1 1<br />
Dec<br />
<strong>2023</strong><br />
Pre-owned examples of the Bell 505 are still<br />
much sought after and with limited supply. With<br />
an increase in inventory during <strong>2023</strong>, asking<br />
prices and market values have reduced and<br />
remain relatively stable going into 2024. Much<br />
of the inventory is corporate configured with low<br />
time and high specifications, and transaction<br />
volume has been consistent year-on-year.<br />
BELL 412<br />
Market Value (Million USD)<br />
1991 BELL 412SP 2006 BELL 412EP 2021 BELL 412EPI <strong>2023</strong> BELL 412EPI<br />
$12.53<br />
$10.50<br />
$9.63<br />
$4.04 $4.45 $4.18<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 />
$1.67 $1.75 $1.85<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 />
17 (2.5%)<br />
2.64M<br />
563<br />
19<br />
3<br />
Dec-23<br />
16 (2.4%)<br />
2.70M<br />
620<br />
17<br />
2<br />
1<br />
20 22 22 22 21<br />
21<br />
Dec<br />
2021<br />
2<br />
3 1 3<br />
1 1<br />
1 2 2<br />
4<br />
1 3 3<br />
2 1<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: Only BELL 412EP, BELL 412SP were included in Market Indicators and For Sale vs. Sold.<br />
1<br />
20<br />
1<br />
1<br />
17 16<br />
Dec<br />
<strong>2023</strong><br />
As a flexible and rugged utility helicopter, the 412 is<br />
still used in many markets despite the availability of<br />
newer models. Availability, transactions and values<br />
have all remained fairly stable going into 2024.<br />
Upgrade packages are available for older models<br />
to extend service life, and new deliveries to civilian<br />
operators will continue but with low volumes.<br />
Source: AMSTAT & ASG<br />
FOURTH QUARTER <strong>2023</strong> — ASIAN SKY QUARTERLY | 92
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