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  • Writer's pictureDarren Biddlecombe

2023 Aircraft Transactions Review

Updated: Feb 21

AV Analysis Week 8

A regular update where our in house team of aviation experts and ISTAT certified appraisers use our data to analyse values, market movements, and notable aviation news.

 

This week, Darren Biddlecombe delves into what was 2023 in relation to transactions and trends that AviationValues has captured and recorded in our daily updated transaction database.


Explore more of our data in our January Market Report.


The Year That Was

2023 was a moderately stable year in the number of transactions captured, showing a trend from around 160 per month. This was consistent until October 2023 when a drop was seen followed by a hike in November. However, the dip and hike equalise each other with a median of 150 by the end of the year.

 


*only includes transactions captured. 

New or Old Technology?

The bulk of aircraft transactions have been in Old Technology with the 737-800 and A320ceo still trading well although the A320neo takes the top spot with 182 transactions that we have added to our database. This leads nicely into the second chart showing what types of aircraft are at the forefront of this trend. The following chart details the Top 10 traded aircraft types. 


*only includes transactions captured

 

*only includes transactions captured


The typical ones are there as expected, with two interesting types making the cut. One Widebody type sits in the top 10 the A330-200 lifted by transactions for conversion and others moving into the air forces of various countries. The ATR72-600 sits just below the A330-200 with 42 transactions during 2023.

Going back to the new versus old leads to the question of what countries are the buyers of the types of technology from. Below is a 70/30 split in old and new technology with the USA being the highest buyer by count. Ireland, China, and Japan are buying more New Technology by percentage of transactions with Hong Kong buying only New Technology and Australia only Old Technology. 


** Country is defined as the buyer's country


From Technology to Age

It seems relevant to look into the ages of the aircraft that are transacting.  As new technology arises older technology slips away.  The chart below shows that during 2023 the spread of ages of aircraft being transacted doesn’t have a restriction apart from 2 year olds are considerably lower than other ages.



 

In Summary

Aircraft trading is stable at 150 per calendar month, and all ages of aircraft, both new and old technology are doing reasonably well in quantity. Whether that translates into doing well from a values perspective is quite another question.


Data as of February 2024


Disclaimer: The purpose of this blog is to provide general information and not to provide advice or guidance in relation to particular circumstances. Readers should not make decisions in reliance on any statement or opinion contained in this blog.


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