Amstat and its partner VANGAS Aviation Services have published charts showing monthly trends in business aircraft values in 2020 by market group. In the heavy business jet group, 2020 stated with a four per cent increase in the average estimated value. This trend was reversed in the second half of March and start of April, offsetting the initial gains and more with a seven per cent decline. Values plateaued in late April and early May, and then proceeded to fall 16 per cent for a net year-to-date decline of 18 per cent. Early data suggests a recent slowdown in this decline.

In the super-mid business jet market, estimated values rose for the first two months of 2020, gaining six per cent. There then followed oscillation between March and April. Between the second half of May through June the average estimated value for super-mid business jets fell 15 per cent. Year-to-date values in this group fell 14 per cent.

As with the heavy jet and super-mid business jet groups, the medium business jet average estimated value rose at the start of 2020. For medium jets this increase was three per cent. Between February and May average estimated values in this market group fell 22 per cent. This downward trend slowed in June and may have started to level off recently.

In the business turboprop market group, the average estimated value rose four per cent between January and February 2020. The trend between March and May was generally downward, falling a net 14 per cent. As with the light jet group, the average estimated value of business turboprops has lately started to regain some of the loses from earlier months. Since the start of June, the average estimated value has risen 5 per cent.

Amstat general manager Andrew Young says: “The Amstat Aircraft Valuation Tool is constantly incorporating the latest market data and is able to quickly generate serial number specific aircraft values that reflect current market conditions. The data generated by this tool has enabled VANGAS to create these charts showing the impact of COVID-19 on aircraft values in 2020 and how some market segments might be starting to show some recovery in values.”

Don Spieth at VANGAS adds: “The Aircraft Valuation Tool allows users to access information about current market conditions including event driven impact like COVID-19. We are also able to leverage decades of Amstat research to determine probabilistic outcomes by comparing previous market disruptions in business aviation. These tools empower our industry with the ability to react to trends and adverse market conditions to better serve their clients.”