MarketIndicators March19.qxp_Layout 1 20/02/2019 12:52 Page 7
MARKET INDICATORS
Large Jets Ask Price vs. Maintenance Exposure
Asset Quality Rating
$ Millions
Market Summary The combination of transacting aircraft and new additions to the inventory fleet improved overall asset quality to just below the 12-month best (highest) figure and concurrently decreased (improved) Maintenance Exposure to just above the 12-month best (lowest) posted value. Combined with the decrease in overall Ask Pricing, current availability offers much opportunity for buyers to identify good values and for sellers to strike reasonably-priced deals. Large Jets: Inventory increased by one unit, with January’s transactions comprised of mostly lower quality assets. The changes to inventory resulted in another 12-month high (best) Quality Rating and a
Jan-19
Dec-18
5.200
Nov-18
$3.10
Oct-18
5.300
Sep-18
$3.20
Aug-18
Jan-19
Dec-18
Nov-18
Oct-18
Sep-18
Jul-18
Aug-18
Jun-18
Apr-18
May-18
Feb-18
Mar-18
$10.5
$11.8
Feb-18
$11.5
5.400
Jul-18
$3.30
Jun-18
$3.40
5.508
5.500
May-18
$12.5
$3.50
Apr-18
$3.38
Mar-18
$13.5
Scale -2.500 to 10.000
Maintenance Exposure figure slightly better than the 12-month average. Ask Price decreased 1.6%, but the group still posted an increase of 8.9% during the past twelve months. With an ETP Ratio that hasn’t been this good since March 2018, there are ample opportunities for buyers and sellers to find middle ground. Medium Jets: Inventory for the tracked fleet decreased by five units in January, while the group’s average Ask Price increased 1.1%. Asset Quality improved a slight 0.1%, while Maintenance Exposure also improved (decreased) 1.4% due to lower quality assets primarily trading. Ask Price has not been this high since May 2018. While the group’s ETP Ratio continues to create an
Medium Jets Ask Price vs. Maintenance Exposure
Asset Quality Rating
$ Millions
28 ❘ Vol 23 Issue 3 2019 ❘ AVBUYER MAGAZINE
Jan-19
Dec-18
Nov-18
Oct-18
Sep-18
5.000
Aug-18
$1.05
5.100
Jul-18
Jan-19
Dec-18
Nov-18
Oct-18
Sep-18
Aug-18
Jul-18
Jun-18
May-18
Apr-18
Mar-18
Feb-18
$2.47
$1.10
5.200
Jun-18
$1.15
$2.50
5.237
May-18
$1.20
$2.70
$2.30
$1.25
Apr-18
$1.22
$2.90
5.300
Mar-18
$1.30
Feb-18
$3.10
Scale -2.500 to 10.000
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