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Aero Asset, a Toronto-based helicopter brokerage firm, published its Q2 2019 report on the preowned helicopter market.
The report breaks down current trends in the market based on aircraft configuration, age, weight class and model. It notes that out of US$1.2 billion worth of pre-owned supply, US$188 million in aircraft sales have been completed to date in 2019.
Twin-engine retail sales are up across all weight classes except for the medium twin, which accounts for 30 per cent of preowned sales to date.
Based on configuration, corporate/VIP helicopters account for 64 per cent of all transactions, while utility aircraft make up 27 per cent of sales, and EMS configurations round out the last nine per cent.
In 2019 so far, light aircraft have taken the largest market share with 70 per cent of all sales across the quarter. Most aircraft sold have been between the ages of 10 and 20 years old, though helicopters younger than 10 years old have earned more in total sales, with a 58 per cent hold on the market.
Aero Asset reports that although Europe made 38 per cent of preowned purchases in Q2, it’s North America that has made the most purchases in 2019 with 31 per cent of all transactions.