AMSTAT understands the challenges facing market researchers working for aircraft brokers when spending hours researching a specific market for a customer and documenting their findings using Premier’s collaboration tools. Asking prices may have been edited based on a conversation with the seller’s broker, for sale status may have been updated for a potential off-market sale and specifications like total time may have been changed based on personal knowledge. 

The firm understands the above challenges and has developed new features to address this.

First, AMSTAT Premier subscribers now have the option to have AMSTAT automatically update their edited values with the latest AMSTAT data as soon as it is available. Customers will always see the latest information when this setting is enabled and can choose to archive their edits whenever this happens so that they can review at any time.

Secondly, AMSTAT allows Premier subscribers to easily identify which of their edits have more recent data from AMSTAT. This allows customers to review their edits along with the new values from AMSTAT and choose whether to use the AMSTAT value and archive their edit or keep their edit as is.

“The combination of these new features will be a significant time saver for the aircraft broker researcher tasked with tracking multiple markets and who may be required to quickly pivot and update their work on any preowned market they previously researched.” said Andrew Young, AMSTAT general manager. “This new functionality will enable researchers to monitor more markets in a much more efficient manner.”

The company has also released a new widget, known as the “My Market Changes Tool”, which is also available to Premier subscribers and allows brokers and researchers to come back to previously researched markets and quickly review changes that have occurred since they were last in the respective model market. The widget will show a running tally of updates, including what is newly listed for sale, what has sold and which edited records have more recent AMSTAT information.

Kit Tankhiwale, AMSTAT Senior Product Innovator added: “AMSTAT knows how important it is for our customers to have the best data possible, whether it’s from AMSTAT or from their market research based on their own personal network. With these new features, our customers will be able to quickly reconcile updates in an ever-changing market and service their clients with the best information possible.”

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Andrew Young, AMSTAT general l manager said: “It remains to be seen whether the trends of the last few months will continue long‐term. However, whether the result of a Covid-19-driven reduction in travel or the logistical issues surrounding getting deals done under quarantine, or both, there was a year‐over‐year reduction in resale transactions in March and April this year. Further, the analytics clearly show a reduction in estimated aircraft values.”

The continuation of an existing trend can also be seen within aircraft inventories. The inventory of business jets was up 1.6% between January and March and then up 4.2% since mid‐March. The

inventory of business turboprops was largely unchanged between January and March and up 2.8% from March to May. However, AMSTAT said inventory levels remain below 2016 levels and significantly below those of 2009.

Furthermore, the report indicates that resale retail transactions for business jets were ahead of 2019 levels in January and February but, as the world entered lockdown, fell 23% in March year-on-year (YoY) and 40% in April YoY. Resale retail transactions for turboprops were at or ahead of 2019 levels in January and February but were down 27% in March and down 40% in April compared with the previous year.

Young continued: “What is also interesting is that inventories, while up, are not indicating a panic to sell and levels remain below recent highs seen in 2017. If inventory levels remain relatively low and interest in business aviation materialises as an alternative to commercial travel in parallel

with an economic recovery, then we might expect to see a significant uptick in transaction activity leading to a recovery in aircraft values in the coming months.”

For a full copy of the report click here.

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ADSB-Exchange collates ADS-B / Mode-S / MLAT (multilateration) data from global sources.

Multilateration is a system used to calculate the coordinates of an aircraft by using various sources that are synchronised to the millisecond. This is done because earlier ADS-B implementations did not relay the altitude or position of the aircraft.

AMSTAT and ADS-B Exchange ran comparison algorithms between their datasets and were able to come up with a list of aircraft that do not currently meet the DO-260B ADBS-B implementation, which is required by 2020. The list of aircraft was then appended to the AMSTAT database and is viewable by AMSTAT Premier subscribers.

“The addition of this compliance data to the global fleet tracked in AMSTAT Premier will enable MROs offering ADS-B services to quickly identify which aircraft are not ADS-B compliant and market their services accordingly,” said Andrew Young, general manager, AMSTAT. “AMSTAT remains committed to giving our clients a competitive advantage and this is another example of where our data is doing that.”

The data already shows that 39% of US-based business jets and 38% of US-based turbo-props in the AMSTAT database are ADS-B compliant.

In future, the two companies will regularly cross-reference their databases to come up with up—to-date lists.

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The website started working on the new product at the start of 2014. It gives data for aircraft ranging from business jets to light sport aircraft and helicopters.

“Whilst asking prices do not necessarilly represent actual sales prices, they are a proxy for selling price trends and this new tool will help buyers and sellers better understand market conditions.”

The new service allows users to see average asking prices for the last six months. Anderew Young, general manager of Aircraft Shopper Online and Amstat, says they may offer longer trend data if people want it.

“Whilst asking prices do not necessarilly represent actual sales prices, they are a proxy for selling price trends and this new tool will help buyers and sellers better understand market conditions,” says Young.

“It is reasonable to assume that the gap between asking prices and selling prices isn’t static but depends on where we are in the market cycle and is heavily influenced by how closely seller expectations align with actual market conditions,” says Young.

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