Asian Sky Quarterly 2023 Q4
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MARKET SUMMARY: CIVIL HELICOPTERS<br />
BELL 429<br />
Market Value (Million USD)<br />
$5.60<br />
$4.41<br />
$3.10<br />
Dec<br />
2021<br />
For Sale vs. Sold<br />
Sold<br />
2<br />
Dec<br />
2021<br />
2010 BELL 429 2015 BELL 429 2020 BELL 429 <strong>2023</strong> BELL 429<br />
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 />
For Sale<br />
1 1<br />
1 1 2<br />
2<br />
$7.18<br />
$6.42<br />
$4.51<br />
3 3 1 4<br />
3<br />
1<br />
3 5 5 5 8 8 12<br />
10 13<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 2 1 1<br />
$7.70<br />
$6.81<br />
$6.08<br />
$4.28<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) 10 (2.2%) 13 (2.8%)<br />
Avg Asking Price (USD) 4.63M 5.13M<br />
Avg Days on Market 183 210<br />
Sold in Past 12 Months 18<br />
16<br />
Sold in Past 3 Months 7<br />
2<br />
The Bell 429 has gained much popularity and fleet<br />
share in the EMS and law enforcement roles. Its<br />
larger cabin volume and twin engine configuration<br />
mean the 429 is more suitable for longer range EMS<br />
missions. Availability has increased slightly during<br />
<strong>Q4</strong> <strong>2023</strong>, and asking prices were also slightly up.<br />
Market values remain stable for all years of build, in<br />
line with the overall market trend for this type.<br />
LEONARDO AW109<br />
Market Value (Million USD)<br />
$3.42<br />
$2.17<br />
Dec<br />
2021<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 />
Sold<br />
2006 AW109S Grand 2014 AW109SP Grandnew<br />
For Sale<br />
$7.55<br />
$4.45<br />
$2.53<br />
2021 AW109SP Grandnew<br />
$6.33<br />
$3.48<br />
$2.19<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) 21 (5.4%) 30 (7.7%)<br />
Avg Asking Price (USD) 4.41M 3.32M<br />
Avg Days on Market 370 295<br />
Sold in Past 12 Months 25<br />
24<br />
Sold in Past 3 Months 5<br />
3<br />
2 1 3 6<br />
6<br />
4 3 4<br />
4<br />
2<br />
2<br />
1 1<br />
2 3 3<br />
3 1 3<br />
1<br />
1<br />
26 26 23 26 22 25<br />
20 21 30<br />
Dec<br />
2021<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 />
2 1<br />
Dec<br />
<strong>2023</strong><br />
One of the most popular models in its class, the<br />
AW109 serves a range of missions globally. There<br />
is a high concentration of corporate configured<br />
examples, which could affect values and<br />
transactions should demand in that market decline.<br />
Inventory level increased towards the end of <strong>2023</strong>,<br />
and asking prices reduced. Market values were<br />
further reduced by 2% in <strong>Q4</strong> <strong>2023</strong> based on recent<br />
asking prices and overall market trend.<br />
Source: AMSTAT & ASG<br />
93 | ASIAN SKY QUARTERLY - FOURTH QUARTER <strong>2023</strong>
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