ANALYSIS: Aircraft transactions - November 2013

This story is sourced from Pro
See more Pro news »

The Flightglobal Pro 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.

Flightglobal's Ascend Online database recorded a total of 224 transactions in November, a 43% jump in activity over October. In September 150 transactions closed while in August a total of 163 deals were completed.

Ascend data shows that in November the number of lease and wet-lease transactions reached 99 units, up from 76 the previous month.

A total of 69 operating lease transactions closed in November, up from 55 operating leases in October and 29 in September.

asset image

The single-aisle market accounted for 32 transactions, representing more than 75% of the total. In October, narrowbodies represented about 60% of the total transactions or 32 deals. The previous month they accounted for 72% of the total.

Last month the number of transactions on the 737 models equaled those for the Airbus A320 only, Ascend data shows.

Another seven deals closed on the 717 model, while six transactions were recorded on the A319 model, and one on the larger A321 variant.

Two transactions closed on Boeing MD80/90 models.

In November five operating lease deals closed on the regional jets with two deals on Bombardier CRJs, two on Embraer jets and the remaining one on Fokker 100s.

The turboprops recorded eight in November compared with seven in October and two deals in September.

The ATR 72 model represented six transactions alone while one closing involved a Bombardier 8 model and one was for a Saab 340/2000 types.

The widebody market accounted for four operating lease deals in November, compared with 10 in October and six in September.

There were three operating lease transactions closed for the Airbus A330 models and one for the 767-300 variant, the data shows.

The wetlease market recorded 30 deals last month, up from 21 the previous month but down from 50 transactions in September.

asset image

There were 21 wet-lease deals recorded for narrowbody alone, up from 11 deals in October, and 14 transactions in September.

The A320 and 737 Next Generation models recorded nine transactions each. One transactions closed on the A319 while the 737 Classic and 757 models recorded one transaction each.

The number of widebody wetlease transactions was limited to five units with the A330 variants accounting for three. The other widebody wetleases deals closed on the 747-400 and A340 models.

Two wetleases closed on the ATR 42/72 model in November while two transactions featured the Bombardier CRJ models.

asset image

The number of purchased aircraft reached 125 units in November compared with 95 in October. The narrowbody activity jumped 73% between October and November.

Ascend shows that 64 narrowbody aircraft were acquired in November. This compares with 37 acquisitions in October and 48 in September.

Transactions for narrowbody aircraft totalled 137 units compared with 80 the previous month and 83 deals in August.

asset image

Acquisitions accounted for almost half of the narrowbody market transactions.

There were 52 operating leases (38% of the total narrowbody activity) and 21 wetleases (15%) in November.

In October there were 32 operating leases (45% of the total narrowbody activity) and 11 wetleases (14%). There were 21 operating leases (25% of the total narrowbody activity) and 14 wetleases (17%) the previous month.

The Boeing products continued to dominate the narrowbody purchase activity last month with 52 transaction closed, representing 84% of the single-aisle activity. The Airbus family sale activity was restricted to one A318, seven A320s and four A321s.

There were 22 737 Classics acquisitions last month while another 11 deals closed on 737NG aircraft. Eight transactions closed on the 717 model while the 757 variants showed seven deals.

The turboprop purchase activity accounted for 25 units in November, compared with 23 units in October and 10 the previous month. A total of seven Bombardier 8 aircraft were sold along with two ATR 42, nine ATR 72s and seven Saab aircraft.

asset image

Ascend data shows that the number of overall turboprop transactions remained at the same level in November than in October. A total of 35 deals closed, compared with 34 the previous month and 17 in September.

Turboprop wetlease transactions accounted for two units, down from four in October. Lease transactions totalled eight units in November up from seven deals the previous month.

The regional jet market recorded 25 transactions last month, up from one single deal in September but down from 36 units in August.

asset image

Activity in the regional jet market also remained at the same level last month. There were 25 transactions closed, including 18 purchases, two wetleases and five leases. In October regional jet purchases accounted for 19 units, while the remaining six were operating leases, Ascend data shows.

Ascend data shows a total of 27 deals on widebody aircraft in November with five units aircraft being wetleased. The purchase activity accounted for 18 units (67% of widebody transactions) compared with 15 units (48%) in October.

asset image

Three A330s and three A340s changed ownership last month along with two A380s. On the Boeing side, five 767-300ERs were sold along with three 777s and a 747-400 aircraft.

Four operating leases aircraft closed in November compared with 10 units the previous month. Wetlease events totalled five units compared with six in October.