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1Q 2020 Blue Book Updates

HeliValue$, Inc. held its quarterly review of The Official Helicopter Blue Book® 

on April 1, 2020. Resale pricing adjustments were made for the following helicopter models:

Mfg.Model Resale-Value Comments
     
Airbus    
EC225LP Configuration change
     
Leonardo    
A109 Pricing and configuration change
AW139 Short Nose Pricing and configuration change
AW139 Long Nose Pricing and configuration change
     
Sikorsky    
S92A -- Resale pricing made ACTIVE

Resale pricing adjustments are based on actual sales transactions and current market conditions such as overall trends in asking prices, increase or decrease in supply, demand, and sales volume. We obtain sales pricing data from owners and operators, lenders and lessors, brokers and equipment manufacturers worldwide.

While we do review all models each quarter, frequently traded models are updated as soon as they begin to show variation from the previously published values. Stay up to date on resale pricing changes by purchasing an annual subscription. 

1Q Market Overview

All adjustments and comments were based on the market leading up to April 1, 2020. It is difficult knowing that in the past 28 days when our last pricing meeting was held, the entire world has been turned upside down because of the COVID-19 virus, and the crash of oil prices to unprecedented levels never seen before. The offshore markets were finally showing signs of movement again. Areas that hadn’t seen sales in a while were now starting to see them. Optimism was growing in the industry, brokers were busy again, and deals were closing. I wish I could say the same about the current situation.

Although there were only a few models that needed adjustments, there were plenty of transactions taking place with other models as well. Most transactions are remaining in line with current Blue Book pricing, which is not a bad thing; values remaining steady is seen as a positive in anyone’s eyes these days. The models that did need an adjustment this time are based on numerous transactions outside the previous published pricing, some by a significant margin. This quarter, we saw an increase in the medium and heavy class aircraft sales while the light single class sales have slowed.

Aircraft being parted out are becoming more common these days; it’s only matter of time before parts prices fall through the floor on some models, due to the flooding of the parts markets. Operators tearing down machines to be used in their ongoing operations are seeing the biggest benefit right now, while the ones parting them out as a business are being left with many unsaleable parts off the aircraft.

If by chance you are a helicopter owner or operator and are seeing something other than what is being published, please give me a call at 1-847-487-8258 or shoot me an email at jason.kmiecik@helivalues.com and I will be happy to discuss with you. If you have any sales you would like us to know about I would also be happy to discuss with you. Without your willingness to share information, we wouldn’t be here to keep the industry informed and up to date.

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Detailed Value Report - Any Time, Anywhere

The cost to you was $495 now $395/each.

HeliCalc® is the newest addition to the tools and resources offered by HeliValue$. We developed it specifically for our customers with a strong background in helicopter operations, to give you 24/7 access to the value of your specific helicopter in its exact current configuration and component status. HeliCalc® provides a comprehensive report based on your helicopter’s actual component times, maintenance programs, and mission equipment.

HeliCalc® is not an appraisal and does not meet USPAP standards. It is an Automated Valuation Model (AVM) and should not be used in place of a formal appraisal performed by a Qualified Appraiser as defined in the U.S. Code of Federal Regulations, or its equivalent in your country.

If you are a Qualified Appraiser yourself, with the appropriate level of experience to establish competence as required by the professional appraisal standards of your country, HeliCalc® is a superb tool to aid you in performing helicopter appraisals. Let HeliValue$ do the research work of maintaining overhaul and replacement costs, maintenance intervals, and marketplace trends. All you have to do is enter the data and output the report. You can incorporate our HeliCalc® directly into your own appraisal report to your client.

To complete a HeliCalc® report you will need:

·    Current component status report

·    Detailed installed equipment list

·    The knowledge and experience to accurately read the reports and identify the components’ nomenclature, time remaining (TR) or time since overhaul (TSO).

Start HeliCalc®

Coronavirus to hit offshore flight demand

The number of offshore helicopter flights  will be hit heavily by the coronavirus pandemic, according to Air & Sea Analytics research.

Coronavirus has driven down demand for oil and gas and impacted the day-to-day operations on oil rigs, spelling bad news for offshore helicopter operators who have, so far, witnessed an uptick in flight hours in 2020.

 Read More

4Q 2019 Blue Book Updates

HeliValue$, Inc. held its quarterly review of The Official Helicopter Blue Book®on February 4, 2020. Resale pricing adjustments were made for the following helicopter models:

 

Mfg.Model      Resale-Value   Comments
Airbus          
AS355NP       resale pricing decrease
BK117A4       resale pricing decrease
EC135P2/P2+       resale pricing increase
Bell          
212       resale pricing decrease
407       resale pricing increase
427     --   configuration pricing decrease
Boeing          
CH-47D       resale pricing increase
Sikorsky          
S76A/A+/A++      ↓    resale pricing decrease
S76B     ↓    resale pricing decrease
S76C     ↓    resale pricing decrease
S76C+       resale pricing decrease/configuration pricing change
           
S76C++     ↓   resale pricing decrease/configuration pricing change
          
S76D     ↓    resale pricing decrease/configuration pricing change
          
S92A     ↓    resale pricing decrease/configuration pricing change

 

 

Resale pricing adjustments are based on actual sales transactions and current market conditions such as overall trends in asking prices, increase or decrease in supply, demand, and sales volume. We obtain sales pricing data from owners and operators, lenders and lessors, brokers and equipment manufacturers worldwide.

 

While we do review all models each quarter, frequently traded models are updated as soon as they begin to show variation from the previously published values. Stay up to date on resale pricing changes by purchasing an annual subscription. 

 

 

4Q Market Overview

 

HAI's HeliExpo 2020 was a HUGE success for us this year. Walking the floor for the first time in about 30 years instead of exhibiting, meeting owners, operators, vendors, gave us a great feel of what is going on in the industry. Meetings with lessors provided insight into the offshore oil and gas industry. Meeting with operators showed encouraging signs for the EMS markets with fleet replacement plans in place. All in all it was a leap in the right direction, as we all know this industry needs.

 

Piston helicopter sales slowed down again this quarter, and inventory levels have started increasing again. We attribute the increasing levels to more Robinson R44 models being put up for sale.

 

Light single turbine sales seem to have severely slowed this quarter, with inventory levels increasing again. Airbus AS350 series and Bell 407 series seem to be the exception, even though sales activity has fallen, the inventory levels seem to be falling as well. With the shrinking inventory levels for AS350 and 407 models, the sales prices are trending upwards again.

 

Light twin turbine sales remain stronger than last quarter, with inventory levels shrinking at a good rate. This is particularly due to the 135 / 145 / A109E / AW109S / and AW109SP sales taking place. VIP configured helicopters have been the majority of sales, with a very high percentage of them being converted for EMS operations. 

 

Medium twin turbines are finally seeing an increase in activity and sales. The downside of this is that the sales prices are continuing to decrease. With the S76 markets reverted to parting out the aircraft rather than trying to sell them, the only buyers left seem to be low time VIP buyers. With the new IOGP 590 and 420 standards released, the 412 series, S76 series through the C++, EC155 series, and the AS365 series are effectively removed from the list of aircraft allowed to operate in the North Sea. Although these are guidelines and not mandates, the IOGP standards usually trickle down to other areas of the world for offshore operations.

 

Heavy twin activity has slowed down - again - as inventory levels starting to increase - again. There have been a few recent sales of the S92A model and the parting out of this aircraft model has also started. Oil prices continue to remain low and will be the major determinant of values on this model going forward. The values associated with this model are going to remain low until the inventory levels diminish and there are no longer aircraft being offered at such low prices. 

By: Jason Kmiecik, President

 

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Detailed Value Report - Any Time, Anywhere

 

The cost to you is $495/each.

Use coupon HC100 and receive $100 off your first HeliCalc® order.

This offer expires December31, 2020.

 

 

HeliCalc® is the newest addition to the tools and resources offered by HeliValue$. We developed it specifically for our customers with a strong background in helicopter operations, to give you 24/7 access to the value of your specific helicopter in its exact current configuration and component status. HeliCalc® provides a comprehensive report based on your helicopter’s actual component times, maintenance programs, and mission equipment.

 

HeliCalc® is not an appraisal and does not meet USPAP standards. It is an Automated Valuation Model (AVM) and should not be used in place of a formal appraisal performed by a Qualified Appraiser as defined in the U.S. Code of Federal Regulations, or its equivalent in your country.

 

If you are a Qualified Appraiser yourself, with the appropriate level of experience to establish competence as required by the professional appraisal standards of your country, HeliCalc® is a superb tool to aid you in performing helicopter appraisals. Let HeliValue$ do the research work of maintaining overhaul and replacement costs, maintenance intervals, and marketplace trends. All you have to do is enter the data and output the report. You can incorporate our HeliCalc® directly into your own appraisal report to your client.

 

To complete a HeliCalc® report you will need:

·    Current component status report

·    Detailed installed equipment list

·    The knowledge and experience to accurately read the reports and identify the components’ nomenclature, time remaining (TR) or time since overhaul (TSO).

 

Start HeliCalc®

 

HV$ Website Maintenance

The Helivalues website will be under maintenance this weekend, March 14 and March 15.  You may experience slowness or outages during this time.

 



If you have any questions, please contact our office after 9am CDT on Monday at 1-847-487-8258 or by email, info@helivalues.com.

 

Thank you for your patience.

3Q 2019 Blue Book Updates

HeliValue$, Inc. held its review of The Official Helicopter Blue Book® on October 22, 2019. Resale pricing adjustments were made for the following helicopter models:

Mfg Model   Resale Value   Comments
         
Airbus EC155B1     configuration pricing change
         
Boeing CH-47D     resale price increase
         
Leonardo AW119 Koala     configuration pricing change
         
Leonardo AW119Ke     configuration pricing change and resale pricing reduced
         
Leonardo AW119Kx     2018 and 2019 resale pricing added, configuration pricing change and resales pricing reduced
         
Leonardo AW109SP     configuration pricing change and resale pricing reduced
         
Leonardo AW139 Short Nose   configuration pricing change and resale pricing reduced
         
Leonardo AW139 Long Nose     configuration pricing change and resale pricing reduced
         
MD MD500D     configuration pricing change and resale pricing reduced
         
Sikorsky S76C+     configuration pricing change and resale pricing reduced
         
Sikorsky S76C++     configuration pricing change and resale pricing reduced
         
Sikorsky S76D     configuration pricing change
         

Resale pricing adjustments are based on actual sales transactions and current market conditions such as overall trends in asking prices, increase or decrease in supply, demand, and sales volume. We obtain sales pricing data from owners and operators, lenders and lessors, brokers and equipment manufacturers worldwide.

While we do review all models each quarter, frequently traded models are updated as soon as they begin to show variation from the previously published values. Stay up to date on resale pricing changes by purchasing an annual subscription. 

 

3Q Market Overview

Piston helicopter sales remain stable from last quarter, but inventory levels continue to fall. If demand remains stable over the next six months, this decrease in inventory could have a positive impact on resale prices in 2020.

Light single turbine sales seem to have slowed this quarter. The few sales that have taken place have started to indicate signs of possible weakening in the Bell 407 and Airbus AS350 markets. Continue to monitor this newsletter and website for any changes in the near future.

Light twin turbine sales also seem to have slowed down this quarter. VIP configured helicopters, however, have shown to be the larger number of sales in comparison to other configurations.

And, the only good news this quarter, medium twin sales are on the rise. Bell 212 and 412, Leonardo AW109SP and AW139, Sikorsky S76C+ and S76C++ are seeing more sales activity than in the first half of this year. Back to the bad news – all of these models are seeing declining values. Possibly these falling values are the driving factor in the transactions. As in the light twin market, there is an increase in VIP helicopter transactions, predominantly in Leonardo and Sikorsky helicopters.

Heavy twin activity continued to increase this quarter, but no new sales have been recorded. On October 31st there was an Airbus H225 crash off the South Korean coast claiming the lives of all seven occupants aboard. The cause of the accident is not yet determined. As with previous major helicopter accidents that could affect the desirability of particular models, we are monitoring both news and attitudes closely to detect the eventual market impact. Please do not rush to impair this model on your balance sheets, especially if you report under US GAAP and cannot reverse the impairment.

By: Jason Kmiecik, President

 

Subscribe NOW

 

Detailed Value Report - Any Time, Anywhere

The cost to you is $495/each.

Use coupon HC100 and receive $100 off your first HeliCalc® order.

This offer expires December 31, 2019.

HeliCalc® is the newest addition to the tools and resources offered by HeliValue$. We developed it specifically for our customers with a strong background in helicopter operations, to give you 24/7 access to the value of your specific helicopter in its exact current configuration and component status. HeliCalc® provides a comprehensive report based on your helicopter’s actual component times, maintenance programs, and mission equipment.

HeliCalc® is not an appraisal and does not meet USPAP standards. It is an Automated Valuation Model (AVM) and should not be used in place of a formal appraisal performed by a Qualified Appraiser as defined in the U.S. Code of Federal Regulations, or its equivalent in your country.

If you are a Qualified Appraiser yourself, with the appropriate level of experience to establish competence as required by the professional appraisal standards of your country, HeliCalc® is a superb tool to aid you in performing helicopter appraisals. Let HeliValue$ do the research work of maintaining overhaul and replacement costs, maintenance intervals, and marketplace trends. All you have to do is enter the data and output the report. You can incorporate our HeliCalc® directly into your own appraisal report to your client.

To complete a HeliCalc® report you will need:

·    Current component status report

·    Detailed installed equipment list

·    The knowledge and experience to accurately read the reports and identify the components’ nomenclature, time remaining (TR) or time since overhaul (TSO).

 

Start HeliCalc®

 

 
 

HeliCalc® NOW LIVE!

Are you considering a purchase? Need to establish a competitive asking price? Considering pre-lease commitments? Are you performing an internal company evaluation? Do you perform your own appraisals and require a more in-depth approach or alternative to a Blue Book page?  HeliCalc® is the perfect solution for customers with helicopter operations knowledge.  With HeliCalc® you will enter data into the program using your helicopter's component report and installed equipment list.  HeliCalc® will also account for PBH programs, the condition of the paint/window and glass/upholstery and flooring / interior plastic.  The program will calculate values based on the average weighted use of your components, the installed equipment, and condition.  HeliCalc® will then generate a report and calculations that display your value results.  Each report is capable of providing the Fair Market Value (FMV), Orderly Liquidation Value (OLV), and Net Orderly Liquidation Value (NOLV) based on maintenance adjusted, 0% (full-life) and 50% (half-life) component status.  Customers will have access to value results using HeliCalc® 24/7.     


HeliCalc® is based on HeliValue$, Inc. forty years of collected data and proprietary algorithms.  Couple this with an average of 2,500 helicopter appraisals performed annually, and there is no source more accurate and dependable than HeliValue$' HeliCalc®.  HeliCalc® is a pay-per-use program.  Reports are available for purchase for a fee of $395 each.  Customers who require a formal appraisal performed by an accredited HV$ appraiser after the purchase of a HeliCalc® report will receive a 10% discount on appraisal desktop fees within six months of the report date.

 

SAMPLE HELICALC® REPORT

 

 

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Q2 2019 Blue Book Updates

HeliValue$, Inc. held its review of The Official Helicopter Blue Book® on July 12, 2019.  Resale pricing adjustments were made for the following models: 
 

MFR. Model Change YOM Affected
Airbus AS-350B3 1998-2012
Airbus AS-350B3e (H125) 2011-2016
Airbus BK-117 B1 1987-1994
Airbus BK-117 B2 1983-1997
Airbus BK-117 C2 (EC145T1) -- *Est. 2013-2018 pricing
Airbus EC-130B4 2001-2012
Airbus EC-130T2 -- *Est. 2018-2019 pricing
Airbus SA-315B Lama -- *Re-est. 1962-1992 pricing
Airbus SA-341G Gazelle -- *Re-est. 1968-1978 pricing
Bell 407 1996-2014
Bell 412EP 1994-2011
Bell 429 2010-2016 down, *Est 2017-2019 pricing
Enstrom 280F/FX 2008-2019
Enstrom 480B 2000-2019
Leonardo 109SP -- *Est. 2018-2019 pricing
Leonardo 119Kx -- *Est. 2018-2019 pricing
Leonardo AW139 Long Nose 2007-2019
MD 530 *Est. 2010-2019 pricing
MD 902 1998-2013



* Newly established or re-established pricing based on new resale transaction information. 

**Please note all Robinson helicopters are under extensive review as we are experiencing significant swings in value based on geographic region.


Resale pricing adjustments are based on actual sales transactions and current market conditions such as overall trends in asking prices, increase or decrease in supply, demand, and sales volume.  We obtain sales pricing data from owners and operators, lenders and lessors, brokers, and equipment manufacturers worldwide. 

While we do review all models each quarter, frequently traded models are updated as soon as they begin to show variation from the previously published values.  Stay up to date on resale pricing changes by purchasing an annual subscription.  

 
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There has been some increased activity over the past quarter.  Piston helicopters are generally trading well.  There has been an ever-increasing number of Robinson helicopters in need of a fresh 2,200-hour overhaul coming onto the market.  Light single turbine sales taking place over the second quarter saw a slight decline in sales prices.  Many of the older single turbine machines on the market have sold, and in turn, interest in the stock of newer models have been picking up.  The Bell 407 series and Airbus AS350B3 series have both had a slight decrease in sale prices in the second quarter.  

With higher than normal activity and interest, the most exciting market segment this past quarter has been the medium market.  This is due to recent tenders for mediums requiring a good number of aircraft to fill contracts.  There is news of several pending transactions and even more under development.  These are all indications that values for medium category aircraft will improve in the third quarter.  On the downside of the medium market, the Bell 412EP and MD 902 have had a decline in resale values for the second quarter.  

There is a continued increase in demand for the Airbus EC225LP helicopter as a utility machine, which has left operators and lessors struggling with lead times for parts and equipment from the manufacturer.  The shift from offshore to utility work for this model has also influenced a growing interest in previous variants such as the AS332L, L1, and L2.  The demand for good flyable machines is something the industry hasn’t seen since the EC225 grounding in 2016.  Another positive for the second quarter was the first Sikorsky S-92A resale transaction to take place in several years.  

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