ANALYSIS: Aircraft transactions - June 2014

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The Flightglobal's aircraft transaction monthly data analysis is split in three event types: operating leases, wet and sub-leases and the purchase of aircraft. The report covers single-aisle and long-haul aircraft as well as regional jets and turboprops.

The transactions for commercial aircraft increased again last month as a total of 256 aircraft transactions completed, according to Flightglobal's Ascend Fleets. This compares with 199 deals in May and 223 in April.

The data shows 254 deals completed in June 2013.

A total of 143 lease and wet-lease transactions completed in June, up from 115 in April and 94 in March.

Last month, the operating lease market remained stable with 81 transactions closed compared with 82 operating leases in May and 85 in April. A year ago lease transactions closed on 99 aircraft with the single-aisle market accounting for 70%.

The narrowbody market accounted 76% of last month’s lease transactions, with the Airbus A320 model leading with 19 deals.

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Last month there were also seven A319s transactions.

The Boeing 737 Next Generation (NG) aircraft accounted for 15 deals, the 737 Classics for eight. Five transactions closed on the 717 model.

During the month, lease placements also closed on five 757s and three Boeing MD-80s.

A year ago, the A320 family was the most popular with a total of 45 transactions, or 62% of the narrowbody operating lease market. At the time, the A320 alone accounted for 20 transactions while another 19 leases were for the A319 model. The 737 Next Generation aircraft recorded 17 lease transactions last month while another four deals closed on the 737 Classics. In May, the 737 Next Generation leases accounted for 10 units while another eight were for the Classics.

Last month, regional jet leases reached six units, downs from 11 in June 2013.

The number of turboprop completed deals totalled six in June, unchanged from a year ago. However seven widebody transactions closed last month down from 12 in June 2013.

The wetlease market improved in June with a total of 62 transactions closed. This compared with 42 deals in May this year and 42 wetleases in June 2013.

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The data shows 40 wetleases closed on narrowbody aircraft along with six turboprop and four regional jets and 12 widebodies.

Last month narrowbody wetlease transactions accounted for more than two-thirds of all wetlease deals.

The 737 Classic was the most traded model in the wetlease market with 14 units. A year ago, four transactions closed on this market.

The A320 recorded 12 transactions last month, the A321 one deal.

The 737NG family accounted for four transactions in the wetlease market while another two deals involved the 757 model.

The data also shows seven transactions on MD 80 family aircraft, compared with three transactions at the same time last year.

There were seven wetlease transactions on the 767 models last month, compared with two a year ago. Three wetlease deals were recorded on A330s along with one on the A310 and one A340.

A total of five ATR 72 deals closed on the turboprop market along with a single ATR 42, the data shows.

The regional jet market recorded four deals last month including three Embraer ERJs and one Fokker unit.

The acquisition market recorded a 50% increase in activity in June. A total of 113 deals closed compared with 75 the previous month.

Last month’s purchase activity also totalled the June’s 2013 tally.

However more transactions closed in June this year on the widebody side. The data shows 30 deals agreed including 11 MD-11s and 10 767s.

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Year-on-year turboprop activity increased 100%, according to the data. Last month 26 turboprop deals closed, including 16 Bombardier 8 models. Still two ATR 42s and eight ATR 72s changed hands.

However there were 14 regional jet transactions compared with 23 deals in June 2013. Last month, nine Bombardier CRJs were sold along with three ERJs, one E-Jet and a Fokker aircraft. A year ago, 18 ERJ aircraft were sold along with three CRJs, one Fokker and a BAE 146 unit.

The narrowbody acquisition market recorded 43 transactions last month, down from 67 deals in June 2013.

The 737s accounted for 17 units, 10 737 Classics and seven 737NGs. A total of 11sale transactions closed on the A320 model alone. In June, five 757s and four MD-80s also changed ownership.

Narrowbody deals totalled 145 units last month, up from 133 in May. A year ago, the narrowbody market recorded 158 transactions, the data shows.

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Last month 62 operating leases closed (43% of the total narrowbody activity) along with 43 purchases (30%) and 40 wetleases (28%). The data split was similar for the month of May.

A year ago, however, there was a stronger emphasis on leases. In June 2013, operating leases accounted for 70 aircraft (45% of the total narrowbody activity) while only 21 wetleases (13%) closed in the single-aisle market.

Purchase events dominated the turboprop activity last month. A total of 26 transactions closed represented more than two-third of this market.

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Overall 38 turboprop aircraft were involved last month up from 18 units in May. A year ago the number of overall turboprop transactions was 22 units.

Regional jet acquisitions also dominated its segment with 58% of the activity. last month, while 14 aircraft changing ownership, another six were operating leases and the remaining four under wetlease contracts.

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The CRJ models were once again the most popular aircraft to trade with 10 transactions closed during the month compared with eight ERJs.

Activity in the widebody market more than doubled between May and June this year. Last month a total of 49 transactions closed.

The purchase activity accounted for 30 units last month compared with 10 in June 2013. Operating leases events were down to seven transactions (14% of the widebody aircraft) while 12 deals closed under wetlease agreements.

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Of 36 widebody transactions recorded a year ago, 14 (39%) closed on wetlease transactions while lease events reached 12 transactions.