Asian Sky Quarterly 2023 Q4
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MARKET SUMMARY: CIVIL HELICOPTERS<br />
LEONARDO AW139<br />
Market Value (Million USD)<br />
$5.70<br />
$3.47<br />
Dec<br />
2021<br />
Dec<br />
2021<br />
2009 AW139 2015 AW139 2021 AW139 <strong>2023</strong> AW139<br />
For Sale vs. Sold<br />
Sold<br />
1<br />
1<br />
2<br />
$13.75<br />
$7.89<br />
$4.80<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 />
4<br />
3<br />
3<br />
3<br />
6<br />
2<br />
3 2 3 1<br />
27 17 13 17 18 21 23 25 25<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 />
8 3 5<br />
3<br />
4 6<br />
$15.90<br />
$12.19<br />
$7.12<br />
$4.10<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) 25 (2.2%) 25 (2.2%)<br />
Avg Asking Price (USD) 5.50M 5.75M<br />
Avg Days on Market 306 290<br />
Sold in Past 12 Months 28<br />
32<br />
Sold in Past 3 Months 11<br />
10<br />
Highly popular Medium Twin on the market with<br />
more than 900 in service worldwide in a wide range<br />
of missions. There is little interest in the older,<br />
short nose models but newer builds are in high<br />
demand. Values were reduced slightly in <strong>Q4</strong> <strong>2023</strong>,<br />
based on latest market trends. With early build<br />
offshore and corporate machines being replaced,<br />
availability of pre-owned AW139s is expected<br />
to increase in the next few years and secondary<br />
markets for the type will emerge.<br />
SIKORSKY S-76<br />
Market Value (Million USD)<br />
$2.86<br />
Dec<br />
2021<br />
For Sale vs. Sold<br />
Sold<br />
2<br />
Dec<br />
2021<br />
1996 S76C+ 2004 S76C+<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 />
5<br />
2<br />
3<br />
1<br />
2012 S76C++<br />
2 2<br />
21 20 16 13 13 7<br />
1<br />
3<br />
4<br />
$3.15<br />
$1.71 $1.74<br />
$1.54 $1.57<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 />
4<br />
1<br />
5<br />
3<br />
11<br />
5<br />
2 2<br />
$2.54<br />
$1.49<br />
$1.33<br />
Dec<br />
<strong>2023</strong><br />
15 13<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) 15 (4.9%) 13 (4.2%)<br />
Avg Asking Price (USD) 2.25M 2.26M<br />
Avg Days on Market 593 658<br />
Sold in Past 12 Months 33<br />
24<br />
Sold in Past 3 Months 9<br />
0<br />
While the S-76 has reached the end of its production<br />
life, the type remains popular in offshore support<br />
and corporate markets. Low values make the<br />
type attractive for pre-owned buyers. Market<br />
values decreased by around 5% during <strong>Q4</strong> <strong>2023</strong>,<br />
based on market activity. There were no recorded<br />
sales transactions during <strong>Q4</strong>. The type has been<br />
superseded in the offshore market by newer models,<br />
and some lower time offshore examples being<br />
converted to corporate use.<br />
Source: AMSTAT & ASG<br />
FOURTH QUARTER <strong>2023</strong> — ASIAN SKY QUARTERLY | 94
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