An old axiom for Wall Street players advises to “sell in May and go away” and clearly most investors would have done well to follow that advice last year, as the stock market began a several-month slide. The correlation of the stock market to the vitality of the aircraft market is easy to see when looking at used inventory levels from May and June a year ago and the ups and downs experienced since then.
Demand for charter flights during May appears to be slightly down from last month but is nonetheless above where it was a year ago, according to the latest forecast from online charter portal Avinode. At 123.7, the company’s forward-looking demand index for May 1 is about two points down from last month and nine points above where it was 12 months earlier.
Someone with more energy than I have is one day going to come up with a gauge that will accurately forecast the direction of aircraft sales just as the list of leading economic indicators predicts the future direction of the economy. Most of us in the industry seem to use our gut instincts to figure out where we are headed, but every day we get bankable hints. One of our sales directors mentioned to me the other day that exclusive aircraft listings are becoming harder to get, adding, “I think that’s probably a good thing.” He’s probably right.
Demand for charter flights appears to be continuing its upward trend this month, but the prognosis for charter hourly rates is less encouraging on the whole. Online charter portal Avinode says its March 1 demand index is 141.15–23 points higher than last month and 30 points above a year ago.
Spun off from European aircraft broker Regourd Aviation in June 2011 to focus exclusively on helicopter sales and acquisition transactions, Paris-based Heli Asset (Booth No. 4605) is making its debut at this year’s Heli-Expo. Initially created to focus on the utility helicopter segment, Heli Asset has already brokered five deals, four involving VIP Eurocopters.
Demand for charter flights appears to be heading upwards this month, according to the latest projections from online charter portal Avinode. The group’s forward-looking demand index for the next month stood at 114.23 earlier this week–almost 21 points above the month-ago level and more than 14 points above where it was 12 months ago.
The latest forward-looking demand index from online charter portal Avinode stood at 206.86 for December 1–up almost 90 points on the November 1 index and nearly 40 points up from 12 months ago (see Demand Index chart). Avinode’s price index for the next 30 days confirms this expected trend, albeit at a more moderate level.
Show organizer F&E Aerospace has designated Thursday as the Dubai AIr Show’s inaugural Futures Day, which will be dedicated to inspiring the UAE’s young people to build careers in the industry. The day will focus on the recruitment, education, and training of home-grown talent.
Demand for charter flights during October looks set to remain somewhat flat, according to the latest projections from online charter portal Avinode. On Friday, the company’s forward-looking demand index stood at 124.75, marginally down on where it had been on August 31, but nonetheless, almost 26 points from 12 months ago.
The 49th Farnborough International Airshow (FIA) will help mark a memorable summer in the UK next year as the eyes of the world focus on the biennial FIA ahead of the London 2012 Olympic Games. In 2010, Farnborough attracted some 250,000 visitors over a period of seven days and hosted 1,455 exhibitors from 40 countries.