ANALYSIS: Aircraft transactions - October 2013

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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.

A total of 156 aircraft transactions completed last month, according to Flightglobal's Ascend Online database. This compares with 150 in September and 163 in August.

Ascend data shows that in October the number of lease and wet-lease transactions was 76 units slightly down from the previous two months when 79 deals closed.

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

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The single-aisle market accounted for 32 transactions, representing more than half of the total. In September narrowbodies 72% of the total. In August, narrowbodies represented 38% of the total transaction or 21 deals.

Last month the Boeing 737 families recorded a total of 20 transactions, or 39% of the narrowbody operating lease market, Ascend data shows.

The Classics recorded 10 operating lease transactions, while another 10 closed on 737 NG aircraft.

Thre transactions closed on the 757 models while another four involved Boeing MD80/90s.

The Airbus A320 family aircraft recorded five transactions, with three on the A319 model and two on the A320 aircraft.

Last month six operating lease deals closed on the regional jets with two deals on Embraer ERJs, two on Bombardier CRJs and the remaining two on Fokker 100s.

The turboprops recorded seven transactions in October, up from two deals in September and four in August.

The ATR 42 model represented four transactions while two deals involved Bombardier 8 models and one was for a Saab 340 aircraft.

The widebody market accounted for 10 operating lease deals in September, compared with six in September and 19 transactions in August.

There were five operating lease transactions for the 767-300ER model and three for the Airbus A330s. The 747-400 and the A340 recorded one transaction each.

The wetlease market recorded 21 deals last month, down from 50 transactions in September and 24 transactions in August.

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Narrowbody wetleases accounted for 11 deals in October, up from nine deals in August but down from 14 transactions in September. The A320 model led with six units recorded. Two more transactions closed on the Boeing MD80/90 models while the A319 and the 737 Classic recorded one transaction each last month.

The number of widebody wetlease transactions was limited to six units with the 747-400 model accounting for half. There were two transactions on the 767-300ER model and one transaction featured the 777.

There were also four wetlease transactions for turboprops last month, compared with five in September and eight in August. The ATR 72 model represented three wetlease deals.

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Ascend shows that October a total of 37 narrowbody aircraft were acquired in October. This compares with 48 acquisitions in September and 41 the previous month.

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Transactions for narrowbody aircraft totalled 80 units compared with 83 the previous month and 71 deals in August.

Acquisitions accounted for almost half of the narrowbody market transactions.

There were 32 operating leases (45% of the total narrowbody activity) and 11 wetleases (14%) in October. There were 21 operating leases (25% of the total narrowbody activity) and 14 wetleases (17%) in September compared with 21 operating leases and nine wetleases the single-aisle market in August.

The Boeing products continued to dominate the narrowbody purchase activity last month with 32 transaction closed, representing 87% of the single-aisle activity. In September the Boeing products represented 73% of the acquisitions.

There were 10 737 Classics acquisitions last month while another 10 deals closed on the 757s and another five on 737NG aircraft.

The Airbus family sale activity was restricted to two A319s, two A320s and one A321.

The turboprop purchase activity accounted for 23 units in October, up from 10 units in September and 12 deals the previous month. A total of 11 Bombardier 8 aircraft were sold along with four ATR 42 and five ATR 72s.

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Ascend data shows that the number of overall turboprop transactions was the highest since the summer period. A total of 34 deals closed, compared with 17 in September, 24 deals in August and 29 the previous month.

Turboprop wetlease transactions accounted for four units, down from five in September and eight in August. Lease transactions totalled seven units up from two 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.

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Regional jet purchases accounted for 19 units, while the remaining six were operating leases, Ascend data shows.

Ascend data shows a total of 31 deals on widebody aircraft in October with six units aircraft being wetleased. The purchase activity was up to 15 units (71% of widebody transactions) compared with 12 units (24%) in September. Three A330s and four A340s were sold last month. On the Boeing side, three 767-300ERs changed ownership along with two 777s and two 787s.

Lease events reached 10 units (32%) last month compared with six deals in September and 19 transactions in August.

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