Great start to 2014! This is the first newsletter for some time, after having had a challenging but ultimately successful 2013. 2014 got off to a flying start for Skyworld Aviation, having delivered ten aircraft at the back end of December / early January. This came as a welcome ‘new beginning’ after the first few months of 2013 falling short of expectations! Whilst most were winding down, the last week of December was a hive of activity at Skyworld, and during the first quarter of 2014 we delivered three ATR 72’s, three Saab 340B’s, two Airbus A320’s, one ERJ 145 and one Jetstream 32.
We have heard similar stories from our friends and colleagues with the general market picking up in the latter half of last year. The dominant aircraft in the used regional market has been the ATR products but we are now seeing signs of the supply of quality aircraft drying up. ATR 42-500’s in particular are difficult to find so they are holding their price well. Good example ATR 72-200’s were finding it hard to compete with the pricing of older vintage ATR 72-500’s being released from ceased European and Indian airline fleets but we see this market beginning to stabilise in the near future. Similarly, the Q400 market has been tricky with a significant number of used aircraft on the market, however in recent weeks there have been several placements so this market is beginning to fire up! On the jet side, we have had great success in placing 40-50 seat ERJ products (seven this year), whilst the EJets are proving more of a challenge due to the existing solid customer base restraining the used market!