2Q Market Overview
It’s no surprise that the market has been slowing since the beginning of the year. Transactions are taking much longer to close, operator credit has been worsening for some, creditors are checking their asset values, asking prices continue to increase, and the light single/light twin supply is again on the rise.
Although sales have been decreasing, operators have been pulling aircraft out of storage to keep up with current and future demand in the offshore space. There now seems to be a shortage of some medium twin and heavy twin aircraft to fill some of this demand. These aircraft shortages are starting to show signs of increasing values on a few models.
This quarter, we will not be making any pricing adjustments in The Official Helicopter Blue Book®. With insufficient transactions to validate price movements, we feel we have a good indication of where things are headed and will be able to make an official judgment call after our next Quarterly Pricing Meeting in October.
If by chance you are a helicopter owner or operator and are seeing something other than what we are publishing, please give me a call at 1-847-487-8258 or send me an email at jason.kmiecik@helivalues.com and I will be happy to discuss the market with you. If you have any sales you would like us to know about, I would also be happy to discuss them with you. Without your willingness to share information, we wouldn’t be here to keep the industry informed and up to date.
