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:

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:

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:

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

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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.

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

* 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.  

There has been some positive news recently, so it’s starting to feel like the dive into the abyss may have finally reached max depth for the helicopter market.   Helicopter transactions are still limited, but buyer activity has picked up over this last quarter.  Resale values have leveled off and reported transactions this quarter are at or above published Blue Book values an indication that things may be turning around.  There are still plenty of older aircraft remaining on the market, and they will likely sell at below average values.  With so many bargains out there now is the time to buy.

 
In addition to leveling values and increased activity in the resale market, tenders coming out are bringing some hope for many of the aircraft parked during the downturn.  Efforts to fill new contract obligations has potential to increase new helicopter orders as well. 

 
While news of EASA recently lifting the grounding of the H225 and AS332L2 aircraft is welcome news for Airbus, it doesn’t come without some trepidation.  AIBN has yet to release their final report into the investigation which is making most operators hesitant to attempt putting the aircraft back into service.  EASA’s lifting is at least a positive move in the right direction for Airbus.   

 
It is a pleasure to say that during this quarter’s pricing meeting we have only made adjustments to four helicopters in The Official Helicopter Blue Book ®. The AS365N2, AS365N3, EC145T1, and the S61N.  We have also added resale pricing pages for the Boeing CH47Dand the Sikorsky UH-60A.

Quarterly Pricing Update

For over 35 years, The Official Helicopter Blue Book® has provided the most accurate and up to date resale information in the helicopter industry.  HeliValue$ is consistently working to improve The Official Helicopter Blue Book®, and this year has seen some big improvements with the launch of our new website.  As part of the improvements being made, we will be publishing a quarterly pricing update that will notify our customers to changes made to each model as a result of our quarterly pricing meetings.  Our quarterly pricing updates are one of the many ways we ensure that we are providing the most up to date resale information available.  HeliValue$ is constantly gathering information from brokers, owners, operators, lenders, leasing companies and equipment manufacturers worldwide.  The HeliValue$ team then reviews every model covered in The Official Helicopter Blue Book®, discusses and analyzes the transaction information received from our sources in the helicopter industry, and makes adjustments to each model as needed.

As always we look forward to our subscriber's feedback on any changes as well as any suggestion for future improvements.  If you have any comments or suggestions, please contact us at [email protected].

Results of our July 15, 2014 Pricing Review

The following models each had a resale pricing change.  If you would like to view the changes for these models log into your HeliValue$ account and click on the resale trends page for each model.

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