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Welcome to IBA's Knowledge Hub

Driven by IBA Insight, search IBA's articles, research and analysis that demonstrate our understanding of aviation finance and aircraft asset management

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IBA Insight

IBA Insight: How are helicopter values performing?

Events29Jun

IBA Insight: How are helicopter values performing?

Join IBA’s Mike Yeomans and Rami Abdel Aziz on Thursday 29th June 15:00 BST for a comprehensive overview of the helicopter market and the latest insights on value performance and trends.

image of an eVTOL

Webinars25May 2023

IBA Insight: What is the Outlook for eVTOL Values?

In the third edition of our IBA Insight series, Mike Yeomans, Denesz Thiyagarajan and Rami Abdel Aziz provided an overview of the eVTOL market, their top due diligence advice and the latest insight on residual values. Watch on Demand It’s estimated that 200 companies are currently working to manufacture electric vertical take-off and landing vehicles (eVTOLs). So, what is the market demand for these new technologies, and what will the assets be worth? Topics covered will include: Market overview Development update and entry-into-service timelines Valuation drivers and dynamics Valuation case studies for selected eVTOL types Watch on Demand If you have any further questions, please get in touch with [email protected]

IBA's Webinar: ESG in Aviation - What You Need To Know

Webinars26Apr 2023

IBA's Webinar: ESG in Aviation - What You Need To Know

How can the aviation industry, and more specifically aviation finance, tackle the existential challenges of ESG regulations? What are the ESG regulations and elements that you should be focusing on as an airline and a lessor? We hosted our latest webinar 'ESG in Aviation - What You Need to Know'. Our ESG experts Jeni Stanley & Danny Thurtle provided a comprehensive update on the latest ESG regulations and how they are, and will impact the aviation industry going forwards. Click here to watch the recording

Regional aircraft engine values face turbulence in early 2023

Articles

Turbulence ahead for some regional aircraft engines, whilst others continue to outperform the market.

IBA's experts examine the latest trends in regional engine values and utilisation in our latest webinar 'IBA Insight - How are engine values performing?'.

image of a plane engine

Articles

Mature Widebody Engines Unlikely to Recover to Pre-Covid Levels

IBA's experts Jamie Davey and Phil Seymour took a deep dive into the latest trends in widebody engine values and utilisation in our latest webinar 'IBA Insight - How are engine values performing?'.

IBA Analysis: Easter Weekend flights close to Pre-pandemic levels

News & PR05Apr

IBA Analysis: Easter Weekend flights close to Pre-pandemic levels

- Some low-cost carriers Easter flying set to be well over 2019 levels - The number of flights operating over the European Easter weekend (7th – 10th April, 2023) will be at 90% of 2019 levels on routes to and from Europe, according to data revealed by IBA the leading aviation market intelligence and consultancy company.

Easter flights to be at 90 of pre-pandemic levels within Europe

Articles

Easter flights to be at 90 of pre-pandemic levels within Europe

The number of flights operating over the European Easter weekend between 7th – 10th April 2023 will be at 90% of 2019 levels on routes to and from Europe. Aviation intelligence from IBA Insight also reveals that some low-cost carriers will exceed pre-Covid levels.

Could Saudi ambitions trigger a Middle East power play?

Articles

Could Saudi ambitions trigger a Middle East power play?

“My grandfather rode a camel. My father drove a car. I fly in jet planes. My son will drive a car. My grandson will ride a camel.” This contested quote relates to the desire to diversify away from an oil-export-dominant economy. Following Qatar and the UAE, it’s now a focus for Saudi Arabia. Aside from the emergence of Avilease last year with the announcement of a 12-aircraft SLB with flynas, the Saudi Public Investment Fund also launched Riyadh Air this week. This was closely followed by the $37Bn list price order for up to 121 x 787-9s to be split between the airline and Saudia. That’s a lot of capacity, and links closely with the Saudi vision to carry 330m passengers by the end of the decade (with close to a third visiting the country). Having spent much of my childhood in Riyadh and witnessing the speed of development, I have no doubt that they can succeed. Might this trigger a Middle Eastern power play whereby Emirates, Etihad and Qatar fight against the Saudi growth to destabilise the profitability for European and Asian carriers hoping to recapture market share? The combined carriers already have 465 passenger aircraft in active service, 95 parked or in storage, and 307 on backlog, I sense that, given their deep pockets, growth will proceed at any cost.

a group of people in front of an exhibition stand at a professional networking expo

Articles

ISTAT Americas and IBA's Learning Lunch - what we learned in San Diego

IBA's Chief Economist takes stock of the ain learnings from ISTAT Americas, San Diego, 2023.

Aeroflot airplane silver

Articles

One year on – what’s happened to Russian airline capacity?

Over a year has now passed since the start of the Russo-Ukrainian war, the introduction of sanctions, and the reciprocal closure of western, Russian, and Belorussian airspace to select foreign registered aircraft. This naturally posed a huge challenge to European, Asian, and Russian operators as they worked hard to recover from the Coronavirus pandemic. Finnair elected to use the polar route to reconnect services to Japan, and the southern route to Southeast Asia and China. Flight data from IBA Insight reveals that Finnair operates the same number of flights into Singapore and Tokyo today as they did in 2019, but with increased flight durations on each route of 13% and 31% respectively. The airline’s utilisation of the A350 (with its 300 min ETOPS certification) has helped the carrier adapt flexibly. By contrast, operators such as Scandinavian Airlines have elected to remove Japan from their network altogether and have resumed only 7% of Chinese flights to-date. How have Russian operators been affected by sanctions and airspace closures? Russian operators were, in fact, leading the way in post-pandemic recovery with domestic ASKs already 10% above the 2019 peak by August 2020 and 32% by August 2021. Most notably, domestic ASKs sat at 36% above peak 2019 levels in August 2022, following 4 months of sanctions! Whilst we anticipated domestic growth as a result of a big fall in international capacity, I would have expected the sanctions to have dented passenger traffic to a greater extent. Whilst IBA Insight reveals that flights have reduced by around 11% since 2021, we have also observed flexibility in the utilisation of the Russian fleet. Usage of the A319, 737-700 and 737 classics has reduced in favour of increased deployment of the A321. Furthermore, we have witnessed a 20% increase in the usage of widebody aircraft on domestic routes, placing more reliance on the A330 and 777-300ER, the latter of which has seen a 111% increase in flights. Russian operators halted passenger A350 operations in 2021, and these aircraft were largely grounded at the onset of sanctions. Which international destinations are Russian operators flying to? International Capacity was down by 79% in 2020, recovering to 44% below 2019 levels in 2021. This reduced again to 67% below 2019 levels following sanctions. The number of countries visited by Russian operators had dropped from around 80 to less than 30 by the summer of 2022. The most popular summer destinations for Russian travellers proved to be Turkey (37% of capacity), followed by Tajikistan, Uzbekistan, UAE and Kyrgyzstan (each with around 10% capacity). Winter destinations tell a different story. As of February 2023, Thailand tops the list with 19% of the capacity, followed by UAE with 15% and Turkey coming in third with just 10% (just 29% of summer 2022 capacity). Worthy mentions also include Egypt, Cuba, Sri Lanka, the Maldives, and India. These collectively account for 15% of winter capacity but <5% of summer 2022 capacity. Egypt is proving a noteworthy winner, with a 1300% increase in traffic to the country from Russia. This has been buoyed by limited options, and the 2021 lifting of the ban on direct flights to Egyptian resort cities following the crash of Metrojet flight 9268. Locations such as the UAE, Turkey, The Maldives and Sri Lanka are up 50-75% on 2019, whilst Russia’s largest winter sun location, Thailand, still has some ground to catch up. Myself and the team will continue to monitor and report on the evolving situation for Russian carriers and the impact on lessors and the wider aviation finance community. Don’t miss out on the latest aviation intelligence The IBA team share regular insights on all aspects of commercial aviation, from airline capacity and travel trends to aircraft values and ESG strategy. Sign up today to get the latest intelligence from the IBA Weekly newsletter delivered straight to your inbox. Sign up to our IBA Weekly

Image of IndiGo plane flying

Articles

Narrowbody aircraft values set to climb through 2023

New narrowbody aircraft base values rose beyond the long-term trend into 2023, and lease rates are forecast to climb further this year, according to data revealed by Phil Seymour, Mike Yeomans, and Jonathan McDonald in the first of our new series of valuations webinars.

Airbus A320 Plane in flight in the sky

Articles

On this Day in 1987 – First Flight of the Airbus A320

The revolutionary Airbus narrowbody made its maiden flight on 22nd February 1987. It was an all-new aircraft, boasting advanced fly-by-wire technology and a host of other cutting-edge features. The aircraft quickly gained the attention of airlines who wanted to take advantage of its low operating costs, high fuel efficiency and competitive price. The program that would eventually give birth to the aircraft can be traced back to 1977, when the Joint European Transport Program (JET) began working on designs for narrowbody aircraft pitched at the 130-188 seat market. The project aimed to produce an aircraft with a cruise speed of Mach 0.84, faster than the top line Boeing 737 models available at the time. In addition to a speed advantage over the competition, the aircraft could act as an appropriate replacement for the ageing narrowbody fleet operating across Europe (such as older 737 family jets and the BAC One Eleven). The initial single aisle concepts that emerged from the program were designated SA1, SA2 and SA3. These became the Airbus A319, A320 and A321. The A320 went on to be unveiled in Toulouse and took its first flight in February 1987. The aircraft went on to establish itself as the backbone of short and medium haul fleets across the world. The introduction of the A320neo in 2015 effectively stole the march to efficiency in the narrowbody space from Boeing, who's slower introduction of the 737 MAX (and subsequent delays) contributed to Airbus having the highest net orders of any OEM for 4 straight years at the start of 2023. How large is the global A320 fleet? Commercial aircraft fleet data from IBA Insight reveals 4,954 active A320 aircraft as of 22 February 2023. The largest global operator of the A320 is China Eastern Airlines, who currently operate 256 aircraft. Who has the most A320 aircraft on order today? Whilst the first firm orders for the A320 came from British Caledonian Airways, French flag carrier Air France became the launch customer for the type with an initial order for 50 aircraft. The first of these was delivered to the airline on 26th March 1988. The introduction of the IAE V2500 engine option in the early 1990s further diversified the appeal of the entire family, with notable mainline European fleets utilising IAE powered Airbus aircraft. The introduction of the A320neo brought the new generation CFM LEAP-1A and PW1100GM engines into the picture, offering up to 15% more fuel efficiency according to Airbus. As of 22nd February 2023, IBA Insight reveals there are 2,352 active orders for A320 aircraft, which includes all variants. The largest single active order for the aircraft comes from Indian low-cost carrier Indigo, who have 180 A320neo aircraft on order. What is the outlook for Airbus A320 aircraft values? “The Airbus A320-200 continues to be a crucial part of operator’s fleets worldwide and, as evidenced by the secondary market activity we observed in the second half of 2022, the A320-200 still retains a relatively high level of liquidity” says Hashen Hawawasam, Head of Commercial Aircraft Valuations. “IBA expects the A320-200 Market Value to Base Value relationship to stabilise in 2023. The A320-200 has begun its conversion program into a freighter aircraft with one A320-200P2F aircraft currently in service, owned by ST Engineering Aerospace and now operated by Pradhaan Air Express. Given the demand for narrowbody aircraft in recent months and the lack of supply of newer generation aircraft, IBA expect the value performance of the A320-200 to remain stable in 2023, with the potential for increases depending on the market supply and demand.” “In the long term, once the supply chain issues are resolved, more A320neo aircraft are expected to enter the market, particularly given that Airbus has ambitions to increase production rates in the years to come. This will inevitably replace A320-200 aircraft in large numbers thus causing a significant suppression in the values and lease rates of these aircraft. That said, we do expect to see some appetite in the P2F program (albeit limited to the number of conversions) but this will support the demand for engines and parts over a longer period.” IBA Insight flexibly illustrates multiple asset, fleet, and market positions, actual and potential, to inform client choices and identify acquisition opportunities. Immediate access to crucial aircraft, engine, lease rate and fleet data eases appreciation of historic and future aircraft concentrations and operator profiles.   Sign up for a system demo

Image of an Aeroplane at an airport

Webinars22Feb 2023

IBA Insight: How are major asset values performing?

IBA’s award-winning Valuations team shared their latest insights on aircraft values across all major asset types in our new webinar series. In our first edition, Phil Seymour, Mike Yeomans and Jonathan McDonald will reveal key trends across narrowbody and widebody aircraft, regional jets and turboprops, and freighters. Watch the recording

Introducing IBA’s New Engine Market Intelligence Reports

Articles

Introducing IBA’s New Engine Market Intelligence Reports

We are pleased to announce the launch of IBA’s first Engine Market Intelligence Reports. Combining our independently verified data from IBA Insight with IBA’s expert advisory opinion, these dynamic reports are simple, comprehensive, and regularly updated to reveal prevailing trends for major aircraft engine types. Our new engine reports complement our existing Aircraft Market Intelligence Reports, delivering the most holistic aviation intelligence on the market. What's included? Status, production, and retirements in the engine fleet Top in-service operators and engine models Common aircraft / engine combinations Engine types by airline Market values and lease rates Utilisation comparisons between engine types Backlog and delivery schedules Operator data and analysis Asset liquidity Expert commentary from our ISTAT-certified appraisers Download our sample report for the CFM LEAP-1A

a white and orange air india 787 passenger jet aircraft taking off with blue skies

Articles

What is the value of Air India’s Airbus and Boeing aircraft order?

We look at the likely value of Air India’s order in comparison to the list price, and examine the combined TATA group fleet today.

A Boeing 747 jumbo jet landing with wheels down with a sunset sky in the background

Articles

The evolution of the Boeing 747 fleet - 1966-2023

Tuesday 31 January 2022 marks a pivotal moment in aviation history, the delivery of the last production Boeing 747. The aircraft, registered N863GT, is the 1,574th and final 747 to roll of the production line.

Image of an aeroplane ready for boarding

Articles

Introducing Schedules Data to IBA Insight

We are delighted to announce that airline Schedules data powered by OAG is now available in our aviation intelligence platform, IBA Insight. This empowers our users to understand global and operator capacity like never before, with access to both historic schedules and future data, up to 12 months in advance.

a flybe dash 8 prop aircraft taking off in a blue sky

Articles

Significant competition and high operating costs fuel the demise of Flybe

Exploring the factors that led to the second collapse of the British regional carrier.

passengers waiting in an airport terminal to board an aircraft through a window

Articles

Airline Consolidation - the outlook for 2023

What types of operators and which global regions are most likely to see consolidation in 2023?

Aeroplane flying through clouds

Webinars13Jan 2023

IBA's Market Update Webinar January 2023

Join IBA for an update on current and future trends across the global aviation industry.

an md11 jet airliner aircraft on the ground at an airport with a blue sky behind

Articles

On this Day in 1990 - First Flight of the MD-11

The McDonnell Douglas MD-11 made its first flight on 10 January 1990. We used IBA Insight to reveal the status of the global MD-11 fleet today.

An airplane wing with blue sky and clouds in the background

Articles

Key Trends for Global Aviation in 2023 - The IBA Perspective

In this short report, our experts Dr Stuart Hatcher, Geoff van Klaveren and Mike Yeomans share their expectations for the year ahead, examining macroeconomic factors, supply and demand, and challenges to airlines and aircraft values.

Image of a helicopter flying

Webinars06Dec 2022

Ask the Appraiser: How are Helicopter Values Performing?

IBA presents: Ask the Appraiser. Our series of regular short webinars, designed to deliver you vital updates on how values are performing across the different aviation asset classes. In the final session of the series, join Phil Seymour and Rami Abdel Aziz for an overview of the helicopter market. Watch the recording

Image of an aeroplane at the airport

Webinars29Nov 2022

Ask the Appraiser: How are Widebody Aircraft Values Performing?

IBA presents: Ask the Appraiser. Our brand-new series of regular short webinars, designed to deliver you vital updates on how values are performing across the different aviation asset classes.

aeroplanes lined up at the airport

Webinars22Nov 2022

Ask the Appraiser: How are Narrowbody Values Performing?

IBA presents: Ask the Appraiser. Our series of regular short webinars, designed to deliver you vital updates on how values are performing across the different aviation asset classes. In the third session of the series, join Phil Seymour and Mike Yeomans for an overview of the narrowbody market. Watch the recording Topics include: The trajectory of values and lease rates The state of supply and demand Fleet evolution What’s happening in the macroeconomic environment, and the impacts on the sector If you have any further questions, comments or feedback please get in touch with Mike Yeomans. The data used in this webinar is from IBA Insight, our leading intelligence platform for aviation finance. IBA Insight combines speed, accuracy, visual analytics and intuitive navigation to deliver actionable insight from comprehensive, integrated fleet, values, flight, carbon and market aviation data. More information can be found here.

A man in a high visibility jacket and ear defenders stands in front of a Dash 8 Q400 turboprop aircraft with a grey sky in the background

Articles

Ask the Appraiser - How are Regional Jet and Turboprop aircraft values performing?

In the second edition of our ‘Ask the Appraiser’ webinars, our experts Jonathan McDonald and Phil Seymour examine the trajectory of regional jet and turboprop aircraft values, identifying the hottest trends and the impact of macroeconomic factors on the market.

Ask the Appraiser: How are Regional Jet and Turboprop Aircraft Values Performing?

Webinars10Nov 2022

Ask the Appraiser: How are Regional Jet and Turboprop Aircraft Values Performing?

IBA presents: Ask the Appraiser. Our brand-new series of regular short webinars, designed to deliver you vital updates on how values are performing across the different aviation asset classes. In the first of the series, join our experts Mike Yeomans and Jonathan McDonald for an overview of the freighter market. Watch the webinar

An orange, red and white COMAC ARJ21 aircraft lifting off from a runway

Articles

Ask the Appraiser - valuing the COMAC ARJ21

Our experts shine a light on the value and lease rate outlook for the ARJ21 and look at the wider market outlook for the Chinese regional jet.

A boeing 747-400 freighter aircraft on takeoff with a grey sky behind

Articles

Ask the Appraiser: An Overview of the Freighter Market

In the first in our series of ‘Ask the Appraiser’ webinars, our experts Jonathan McDonald and Mike Yeomans examined the trajectory of freighter values, identified the hottest trends in P2F conversions, and explored the impact of macroeconomic factors on the air cargo market.

An aeroplane taking off

Webinars03Nov 2022

Ask the Appraiser: Trajectory of Freighter Values

IBA presents: Ask the Appraiser. Our brand-new series of regular short webinars, designed to deliver you vital updates on how values are performing across the different aviation asset classes. In the first of the series, join our experts Mike Yeomans and Jonathan McDonald for an overview of the freighter market. Watch the recording Topics covered include: The trajectory of freighter values and lease rates The state of supply and demand in air cargo The landscape for P2F conversions What's happening in the macro-economic environment, and the impacts on the sector If you have any further questions, comments or feedback please get in touch with Mike Yeomans. The data used in this webinar is from IBA Insight, our leading intelligence platform for aviation finance. IBA Insight combines speed, accuracy, visual analytics and intuitive navigation to deliver actionable insight from comprehensive, integrated fleet, values, flight, carbon and market aviation data. More information can be found here.

A LATAM Boeing 787 Dreamliner jet aircraft landing on a runway at an airport with buildings in the background

Articles

Latin America leads global capacity recovery

IBA Insight has revealed that the Latin American region is leading global air traffic recovery, with capacity now exceeding pre-pandemic levels recorded in 2019.

a loganair embraer jet taking off from an airport with sky and other airplanes in the background

Articles

Why Loganair is a unique prospect for it's next owners

IBA's Manager of Airline Analysis Neil Fraser shares his perspectives on the sale of Scottish carrier Loganair.

A Transavia aeroplane

Articles

Transavia plan to utilise Airbus A320neo in France next year

IBA's Neil Fraser comments on Transavia's likely deployment of Airbus aircraft for summer 2023.

Aeroplanes at an airport

Webinars12Sep 2022

IBA's Webinar: What does the future hold for Aviation in the Americas?

What's the outlook for Aviation in the Americas? Join IBA, the 2022 Appraiser of the Year, for the latest update on current and future trends and activity across the American aviation industry.Listen in to our panel of experts; Dr. Stuart Hatcher, Chief Economist, Mike Yeomans, Director – Valuations and Consulting, and Jack Ambrose, Regional Sales Manager (Americas) as they uncover, review and discuss key trends across aviation finance. This session was specifically designed to provide valuable insight that will support the aviation community in the Americas to identify market opportunities, structure deals, and mitigate risk within the current market. Topics include: Macro-economic update – inflation, interest rates, currency, oil price & airline failures Airline activity – US, South American, and Canadian Airlines performance OEM activity – latest on orders Valuation trends & trading activity – Asset performance in 2022 and beyond The slide deck is available to download here. To watch the webinar on demand, click here. If you have any further questions, comments or feedback please get in touch: Jack Ambrose. Discover what makes IBA Insight the leading aviation intelligence platform. Book a demo

a boeing 747 jet passenger aircraft on takeoff with a blue sky in the background

Articles

Israeli 4 engine ban will most likely hit converted 747 freighters

Israel has announced the ban of four-engine aircraft in Israeli airspace, in an effort to reduce noise and air pollution. Whilst the ban is mandated to come into effect from March 2023, it is believed that operators may be discouraged from operating such aircraft even sooner.

image of two rear wings of aeroplanes

Articles

3 key factors that drive global fleet efficiency

IBA's ESG Consultancy experts use IBA NetZero to regularly track the CO2 efficiency of the global commercial aircraft fleet.

A black and white Airbus A350 passenger jet aircraft climbing into a blue sky with few cloudssky with wheels down

Articles

Widebody aircraft values update – August 2022

IBA's expert team share the latest updates to widebody commercial aircraft values as part of our mid-year market update webinar.

China Airlines

Webinars04Aug 2022

IBA年中发布会-2022

诚邀各位参加IBA航空业2022年中市场网络发布会。此次发布会将着重探讨全球航空金融板块的趋势和对大中华地区航空业关注的话题重点分析。借此IBA将帮助航空业参与者更好的抓住机遇并做好对下半年市场的预测。内容纲要：宏观经济，通胀，加息等货币方面以及原油价格对航空业的影响运力，客运和货运需求变化价值，资产价值走向交易，飞机交付及交易动态盈利，航司盈利情况及预测中国，区域市场分析观看网络研讨会回放 Discover what makes IBA Insight the leading aviation intelligence platform. Book a demo

A group of passengers in a terminal building at an airport

Articles

3 challenges to continued air traffic recovery

Aviation intelligence from IBA Insight reveals 3 key challenges that are slowing the global recovery of air traffic.

An Airbus A320 neo aircraft jet on the ground at an airport with open windows and flags in the cockpit

Articles

Narrowbody aircraft values update – August 2022

IBA's expert team share the latest updates to commercial aircraft values as part of our mid-year market update webinar.

Aeroplane flying in a blue sky

Articles

U.S. expected to approve inspection plans and allow resumption of 787 deliveries

It has been reported that the US Federal Aviation Administration (FAA) may have approved Boeing's inspection and modification plan for the 787-9 Dreamliner aircraft, which would allow the OEM to resume deliveries of the type.

passengers board a wizz air airbus a320 aircraft using a set of steps with mountains and a blue sky in the background

Articles

Airline capacity reduces by 16% amidst schedule cuts

In our recent Mid-Year Market Update webinar, our experts used IBA Insight to explore the impact of airline schedule cuts on capacity and mapped the likely trajectory for the coming months.

Two ANA Cargo planes flying

Articles

Boeing dominates Farnborough airshow aircraft orders, but Airbus dominates global backlog

Using IBA Insight, we summarise key highlights from the Farnborough Airshow 2022.

passengers queuing at airport gate

Webinars22Jul 2022

IBA's Mid-Year Market Update Webinar

Join IBA, the 2022 Appraiser of the Year, for an update on current and future trends across the global aviation industry.Listen in to our panel of experts; Phil Seymour, Geoff van Klaveren, Mike Yeomans and Dan Taylor as they uncover, review and discuss trends across aviation finance. This essential update will enrich your understanding of key market indicators and trends as our experts share their insight and opinion on what to expect for the remainder of 2022 and beyond. Topics include: Macro-economic update – how are the changes in inflation, interest rates, currency, and oil price impacting the aviation community? Capacity – what demand are we seeing for PAX and cargo? Asset values – how are aircraft values and lease rates performing? Aircraft deliveries and trading activity – what are the latest trends? Airline profitability – what is the outlook for the remainder of 2022 and beyond? The slide deck is available to download here. To watch the webinar on demand, click here. If you have any further questions, comments or feedback please get in touch: Geoff van Klaveren. Discover what makes IBA Insight the leading aviation intelligence platform. Book a demo

A line up of Frontier Airlines airbus aircraft on the ground at an airport

Articles

Ranked - The most efficient domestic airline operations in North America

Carbon emissions data from IBA NetZero has revealed the most efficient airlines operating in the North American domestic market on a CO2 per-seat per-mile basis.

Tokyo International Airport

Webinars24Jun 2022

IBA's Japanese Market Update Webinar

Join IBA, the 2022 Appraiser of the Year, for an update on current and future trends across the Japanese aviation industry. Listen in to our panel of experts; Dr Stuart Hatcher, Owen Geach, David Archer and Mei Ping Liew as they uncover, review and discuss trends across aviation finance. This essential update will enrich your understanding of key market indicators and regional trends as our experts share their insight and opinion on what to expect for the remainder of 2022 and beyond. Topics include: Post-pandemic recovery – how fast is the market recovering? Asset values – how are aircraft values and lease rates performing in 2022? Trading activity – what are the latest transaction trends? Airline credit – what is the outlook going forwards? ESG – how is this area evolving? Alternative assets (Freighters & Engines) – what key trends are we seeing? The slide deck is available to download here. To watch the webinar on demand, click here. If you have any further questions, comments or feedback please get in touch: Mei Ping Liew. Discover what makes IBA Insight the leading aviation intelligence platform. Book a demo

A commercial airliner Airbus A320 on the ground at an airport with a mountain in the background.

Articles

Asia Pacific region leads airline start-ups in 2022-2023

One year beyond our original analysis, we have re-examined the global picture for start-ups, identifying where they are, and the classes of aircraft they plan to use by 2023.

People move around a busy airport terminal building

Articles

Airline and airport capacity at highest levels since 2019 this summer

Our research reveals a positive overall trend in global capacity at airlines and airports globally, with performance edging ever closer to 2019 levels. Using this intelligence, we have mapped out the best and worst performing areas by airline and airport capacity as of mid-2022.

An SAS Airbus A350 in flight in blue cloudless skies

Articles

Ranked – the most improved airlines by unit CO2 emissions

Aviation intelligence from IBA Insight has revealed that key global airlines have reduced their scope one CO2 emissions by up to 17% since 2019. This follows an overall drop of 5.9% in CO2 emissions from commercial aviation since January 2018 (based on CO2 per-seat kilometer).

A digital rendering of an Akasa Air Boeing 737 MAX aircraft in flight

Articles

4 Start-up airlines to watch out for in 2022 and 2023

IBA's Finlay Grogan highlights 4 new operators from around the world that we will be watching closely in the coming months.

IBA NetZero

What does global temperature rise mean for aviation?

Articles

What does global temperature rise mean for aviation?

Luisa Barnes, Aviation Analyst [email protected] The Intergovernmental Panel on Climate Change (IPCC) recently published a report stating that climate change is set to breach the warming limit, set under the 2015 Paris Agreement. By the year 2027, they warn of a global 1.5°C temperature rise for the first time and a 2 in 3 chance that within the next five years, we’ll exceed the crucial 1.5°C threshold during a one-year period. So overall, the IPCC expects the next five years to be the hottest ever on record. What’s more, on top of the global warming from anthropogenic activities, it is probable that the oscillating weather system ‘El Niño’ will force temperatures to record levels and profound emission mitigation is urgently needed if we are to avoid irreversible damage.

Differing Airline Exposure Levels From EU ETS and CORSIA Regulations

News & PR27Apr

Differing Airline Exposure Levels From EU ETS and CORSIA Regulations

New aviation regulations relating to the EU Emissions Trading System (ETS) and ICAO’s CORSIA scheme will have markedly different impacts on certain airlines and airline types, according to data revealed by the leading aviation market intelligence and consultancy company, IBA. In IBA’s latest webinar, its experts revealed that there are four main driving forces for ESG investing: government and regulatory pressure, ESG material risk and growth, consumer awareness, and Covid-19 as a catalyst. IBA looked at two case studies to demonstrate the impact ESG regulations are having on the aviation industry, ultimately highlighting that the two will have differing impacts on certain airlines and airline types. The first case study was CORSIA, which has a monitoring, reporting and verification (MRV) process with a baseline set at 85% of 2019 emissions. Implementation has already begun with a pilot phase for volunteering states. However, in the next few years, it will become operational on a mandatory basis. IBA states that emissions are unlikely to exceed the baseline level until 2024 when demand returns to close to pre-pandemic levels. However, it’s not until 2027 that all states are mandated to join. Despite being a global scheme, CORSIA won’t impact regions uniformly. According to data from IBA’s NetZero platform, due to the nature of the European flight network, almost 65% of all European traffic is subject to CORSIA MRV, including a significant portion of short and medium-haul flights. In comparison, only 29% of North American emissions are subject to MRV. The second case study influencing ESG in the market is the EU ETS. Low-cost carriers have a high amount of exposure to the ETS because of the nature of their network and fleet. For example, Ryanair has a total of 13.51 MtCO2 (metric tonnes of CO2) with 10.24 MtCO2 subject to EU ETS according to data from IBA NetZero. Whereas flag carriers and network operators, the majority of whose emissions are generated on long-haul sectors by widebody aircraft, have very little exposure to European carbon prices. Instead, these will be more exposed to CORSIA offset obligations should the industry breach the baseline. For example, Lufthansa has a total of 17.82 MtCO2 with just 3.65 MtCO2 subject to EU ETS as revealed by IBA NetZero. When comparing the schemes, carbon prices in the EU ETS are 20 times higher than a CORSIA offset, and IBA predicts that is likely to remain the case for the foreseeable future. This stark difference is firstly because the EU ETS was formulated and implemented in 2005, despite aviation not being included until 2012. This meant that for many years the carbon price was low due to a surplus of allowances in the market. It’s only in recent years that the EU allowance (EUA) price has grown to a sufficient price to incentivise transitions. Secondly, while CORSIA may have a similar development pattern, international aviation has not yet exceeded the CORSIA baseline, meaning voluntary offsetting obligations remain negligible. Once the baseline is surpassed, the massive surplus of certified offset projects will begin to decrease, and will continue to do so when the policy becomes mandatory in 2027. However, IBA states that it is unlikely CORSIA will ever match the EUA price. The nature of CORSIA means that the price will be determined by the availability and credibility of offset projects. By comparison, the EUA reflects the price of emitting a tonne of carbon, which will continue to rise as the cap reduces, and it becomes more beneficial to actively reduce scope 1 emissions. Aviation regulations are set to be included in the newest version of the EU Taxonomy, and these will come into force from January 2024. This means that under the correct parameters, investing in aviation will be a ‘green investment’. This will result in more money flowing into the industry, allowing for investment into SAF, carbon capture, fleet renewal and research into new ways of reducing carbon emissions. However, there are limitations to what can be included within the EU Taxonomy which are broken out into four areas: manufacturing, leasing, passenger and freight, and ground handling operations. Additionally, there are strict targets for leasing and airlines to meet. Most significantly, from January 2028 to December 2032, aircraft manufactured must also be certified to operate on a 100% blend of SAF.

IBA's Webinar: ESG in Aviation - What You Need To Know

Webinars26Apr 2023

IBA's Webinar: ESG in Aviation - What You Need To Know

How can the aviation industry, and more specifically aviation finance, tackle the existential challenges of ESG regulations? What are the ESG regulations and elements that you should be focusing on as an airline and a lessor? We hosted our latest webinar 'ESG in Aviation - What You Need to Know'. Our ESG experts Jeni Stanley & Danny Thurtle provided a comprehensive update on the latest ESG regulations and how they are, and will impact the aviation industry going forwards. Click here to watch the recording

IBA Sustainability Watch - April 2023

Articles

IBA Sustainability Watch - April 2023

Environmental, Social, and Governance (ESG) issues are now seen as a key risk to investments in aviation, and authorities across the world are demanding more transparency and stricter reporting standards. It’s never been more important to understand the pathways to net-zero emissions, and their real term impacts on all key players across the industry. Each month, IBA’s ESG Consulting team share key insights and the latest news from the growing world of sustainable aviation.

European Parliament approves the world’s first carbon border levy.

News & PR18Apr

European Parliament approves the world’s first carbon border levy.

New reforms mean that there will be a levy on imports of high-carbon goods from 2026, affecting imported fertilisers, cement, steel, aluminium, electricity, and hydrogen.

IBA - Accelerating Aviation to Net Zero

Videos & Podcasts

IBA - Accelerating Aviation to Net Zero

IBA is the leading aviation data, intelligence and advisory company, providing award-winning solutions, valuations and asset management. With unrivalled data intelligence through IBA NetZero and IBA Insight, they work with airlines, financiers, aircraft manufacturers and leasing companies. IBA’s powerful combination of in-house expertise backed up with cutting-edge carbon emissions data from their IBA NetZero platform means IBA is well-adapted to provide industry players with critical support and guidance. In this film, we learn about ESG scoring and assessments, how decarbonizing by 2050 will impact ticket prices and profit and understand how IBA supports companies to achieve their ESG objectives.

IBA Sustainability Watch - March 2023

Articles

IBA Sustainability Watch - March 2023

The latest news and trends in sustainable aviation from IBA's ESG Consulting team

Image of an aeroplane wing with a mountain in the background

Articles

IBA's Carbon Index - What Happened in December 2022?

IBA has published its latest aviation Carbon Index in partnership with KPMG. This time, we use IBA NetZero to shine a light on the EU ETS scheme and what it means for operators and portfolios.

Aeroplane flying through clouds

Webinars13Jan 2023

IBA's Market Update Webinar January 2023

Join IBA for an update on current and future trends across the global aviation industry.

an aeroplane landing at the airport

News & PR05Jan

Air China leads Chinese 'Big 3' in Emissions Efficiency Improvements

IBA, the leading aviation market intelligence and consultancy company, has today published an analysis of the improving emissions footprint of the ‘Big 3’ Chinese airlines, revealing that Air China is leading the field.

image of an aeroplane wing

News & PR15Nov

IBA's latest Carbon Index reveals differing regional attitudes to CORSIA emissions regulation

IBA has published its latest aviation Carbon Emissions Index in partnership with KPMG. The analysis uses IBA NetZero scenarios to shine a light on regional attitudes to emerging CORSIA emissions regulation.

A ryanair aircraft on the ground at an airport next to a fuel truck

Articles

Carbon Index Spotlight on Airlines, Aircraft and Lessors - October 2022

IBA has published its latest aviation Carbon Index in partnership with KPMG. In our latest analysis, we use IBA NetZero to shine a light on regional attitudes to emerging CORSIA emissions regulation.

An aeroplane taking off

News & PR26Oct

IBA Models the Cost Implications of Net Zero for Commercial Aviation

26 October 2022: IBA, the leading aviation market intelligence and consulting company, has enhanced its IBA Insight and NetZero analytics platforms with a host of new features.

An embraer aircraft taking off from a runway

Articles

Take your emissions analysis and mitigation strategies to the next level

Our aviation emissions intelligence platform is designed to give you breadth, accuracy, and analytical superpowers!

AN Air Transat Airbus A321neo aircraft on the ground at an airport with a blue sky in the background

Articles

New generation aircraft to drive further emissions efficiency improvements by 2025

IBA has published its latest aviation Carbon Index in partnership with KPMG. Our latest analysis leverages IBA NetZero's scenarios and projections to forecast the mix of emissions by aircraft type in 2025 based on expected retirements and deliveries.

An aeroplane at the airport

News & PR18Oct

New generation aircraft to drive further emissions efficiency improvements by 2025, IBA data reveals

IBA has published its latest Aviation Carbon Emissions Index in partnership with KPMG. Its latest analysis uses IBA NetZero scenarios to forecast the likely spread of emissions across aircraft types in 2025 based on expected retirements and deliveries.

an aircraft in flight in a blue sky

Articles

Carbon Index Spotlight on Airlines, Aircraft and Lessors - August 2022

IBA has published its latest aviation Carbon Index in partnership with KPMG. Our latest analysis for August 2022 includes a spotlight on the most efficient airlines globally by region.

Aeroplanes at an airport

Webinars12Sep 2022

IBA's Webinar: What does the future hold for Aviation in the Americas?

What's the outlook for Aviation in the Americas? Join IBA, the 2022 Appraiser of the Year, for the latest update on current and future trends and activity across the American aviation industry.Listen in to our panel of experts; Dr. Stuart Hatcher, Chief Economist, Mike Yeomans, Director – Valuations and Consulting, and Jack Ambrose, Regional Sales Manager (Americas) as they uncover, review and discuss key trends across aviation finance. This session was specifically designed to provide valuable insight that will support the aviation community in the Americas to identify market opportunities, structure deals, and mitigate risk within the current market. Topics include: Macro-economic update – inflation, interest rates, currency, oil price & airline failures Airline activity – US, South American, and Canadian Airlines performance OEM activity – latest on orders Valuation trends & trading activity – Asset performance in 2022 and beyond The slide deck is available to download here. To watch the webinar on demand, click here. If you have any further questions, comments or feedback please get in touch: Jack Ambrose. Discover what makes IBA Insight the leading aviation intelligence platform. Book a demo

a boeing 747 jet passenger aircraft on takeoff with a blue sky in the background

Articles

Israeli 4 engine ban will most likely hit converted 747 freighters

Israel has announced the ban of four-engine aircraft in Israeli airspace, in an effort to reduce noise and air pollution. Whilst the ban is mandated to come into effect from March 2023, it is believed that operators may be discouraged from operating such aircraft even sooner.

image of two rear wings of aeroplanes

Articles

3 key factors that drive global fleet efficiency

IBA's ESG Consultancy experts use IBA NetZero to regularly track the CO2 efficiency of the global commercial aircraft fleet.

Regional jet aircraft

News & PR16Aug

Aviation carbon intensity at record low, IBA data reveals

IBA, the leading aviation market intelligence and consulting company, has today published its latest monthly Aviation Carbon Emissions.

Aeroplane at airport

Articles

Carbon Index Spotlight on Airlines, Aircraft and Lessors - July 2022

IBA has published its latest aviation Carbon Index in partnership with KPMG. Our latest analysis for June 2022 includes a spotlight on the efficiency of lessors, focussed on regional jets and turboprops.

Image of airport walk-way to plane

News & PR19Jul

Aviation carbon intensity continues to fall, even as flight volumes increase

IBA, the leading aviation market intelligence and consulting company, has today published its latest monthly Aviation Carbon Emissions Index in association with KPMG. This month's index also includes a spotlight on lessors in the Asia Pacific region.

An ANA Boeing 787 dreamliner sits at a gate at an airport surrounded by catering trucks and service vehicles

Articles

Ranked – the most efficient lessors in the Asia Pacific region

Aviation carbon emissions intelligence from IBA NetZero has revealed the most efficient major aircraft lessors in the Asia Pacific region on a CO2 per-seat per-mile basis.

image of an airport walk-way

Articles

Carbon Index Spotlight on Airlines, Aircraft and Lessors - June 2022

IBA has published its latest aviation Carbon Index in partnership with KPMG. Our latest analysis for June 2022 includes a spotlight on the efficiency of lessors in the APAC region.

image of aeroplane wing

Articles

When will new aviation technologies become available?

As part of our recent webinar, ‘Net Zero – an impossible target for aviation?' our experts explored the 4 new technologies in aviation decarbonisation, and the realistic timescales for their introduction.

Aircraft on runway

News & PR12Jul

Is aviation net zero an impossible target?

- IBA outlines aviation emissions finance risk as future flight remains a long-term reality -- Carbon efficiency increasing, but flight volume recovery accelerates financial and operational challenges on journey to net zero -

Aircraft on runway

Webinars12Jul 2022

IBA's Webinar: Net Zero for Aviation - An Impossible Target?

The pressure on the aviation industry continues to grow as it attempts to meet the demands and requirements of regulators, shareholders, customers, and other stakeholders in reducing carbon emissions. Join IBA's award-winning team for our on demand webinar as we discuss this evolving critical issue and examine the latest industry developments on the pathway to Net Zero. Listen in to our panel of experts; Ian Beaumont, Geoff van Klaveren and Dan Taylor as they explore the impact, cost and how the industry will need to adapt and change to achieve emissions targets. Topics include: What will new ESG regulations mean for the aviation industry? What additional costs could be incurred by future carbon taxes? What impact will extra taxes have on passenger demand? How can stakeholders prepare for the future? The slide deck is available to download here. To watch the webinar on demand, click here. If you have any further questions, comments or feedback please get in touch: Dan Taylor. Discover what makes IBA Insight the leading aviation intelligence platform. Book a demo

Volotea aeroplane

Articles

Volotea – the most improved short haul airline in Europe by unit CO2 emissions

Co2 emissions data from IBA NetZero has revealed that Volotea has shown the most significant improvement in scope one CO2 emissions since 2019. This is based on unit CO2 emissions per available seat kilometre.

A line up of Frontier Airlines airbus aircraft on the ground at an airport

Articles

Ranked - The most efficient domestic airline operations in North America

Carbon emissions data from IBA NetZero has revealed the most efficient airlines operating in the North American domestic market on a CO2 per-seat per-mile basis.

An american airlines jet on the ground at an airport surrounded by vehicles, with an orange sky in the background

Articles

Carbon Index Spotlight on Airlines, Aircraft and Lessors - May 2022

IBA has published its latest aviation Carbon Index in partnership with KPMG. Our latest retrospective analysis for May 2022 includes a spotlight on the North American domestic market.

A pair of hands cradle a globe with an aircraft in flight

Articles

Aviation's Future: Introducing IBA NetZero

IBA is pleased to announce the launch of IBA NetZero. This revolutionary tool enables the aviation industry to model risk by simulating and forecasting the cost of future emissions mitigation.

An SAS Airbus A350 in flight in blue cloudless skies

Articles

Ranked – the most improved airlines by unit CO2 emissions

Aviation intelligence from IBA Insight has revealed that key global airlines have reduced their scope one CO2 emissions by up to 17% since 2019. This follows an overall drop of 5.9% in CO2 emissions from commercial aviation since January 2018 (based on CO2 per-seat kilometer).

A Boeing 787 Dreamliner on takeoff from an airport with grass, runway and sky in the background

Articles

Carbon Index Spotlight on Airlines, Aircraft and Lessors - April 2022

IBA has published its latest aviation Carbon Index in partnership with KPMG. Our latest analysis for April 2022 includes a spotlight on ABS structures.

A jet airliner aircraft being refuelled at an airport with a fuel truck in the foreground

Articles

Sustainable Aviation Fuel offtake agreements ramp up after 2021 peak

IBA's Tim Boon looks at the ramp up in Sustainable Aviation Fuel offtake agreements since 2013.

A visualisation of a dial labelled CO2 being turned down by a hand

Articles

Carbon Index Spotlight on Airlines, Aircraft and Lessors - March 2022

IBA has published its latest aviation Carbon Index in partnership with KPMG. Our latest analysis for March 2022 includes a spotlight on regional aircraft lessors.

A British Airways Airbus A320neo aircraft in flight in a cloudy sky with wheels extended

Articles

British Airways takes delivery of first UK commercially produced SAF

British Airways has taken delivery of UK-made Sustainable Aviation Fuel from Phillips 66 Limited

An Air Transat A321neo aircraft in flight in a cloudy sky

Articles

Narrowbody vs widebody - which aircraft are more profitable and efficient on transatlantic routes?

We use our Carbon Emissions Calculator to examine the profitability and CO2 implications of the transatlantic narrowbody.

A visual representation of a hand turning a dial reading 'CO2'

Articles

Carbon Index Spotlight on Airlines, Aircraft and Lessors - February 2022

IBA has published its latest aviation Carbon Index in partnership with KPMG. Our latest analysis for February 2022 includes a spotlight on the CO2 efficiency of popular aircraft engines fitted to widebody and narrowbody aircraft.

A virgin atlantic airways Airbus A350-1000 XWB in flight

Articles

Virgin Atlantic commits to Sustainable Aviation Fuel agreement with ExxonMobil and Neste

Virgin Atlantic recently signed a new deal with Neste and ExxonMobil to supply 2.5 million litres of Sustainable Aviation Fuel 'SAF', which is expected to be delivered to London Heathrow airport in the first half of 2022.

concept image: CO2 dial being turned by a hand

Articles

Carbon Index Spotlight on Aircraft, Airlines and Lessors - January 2022

IBA has published it's updated aviation Carbon Emissions Index, ranking the best performing aircraft, airlines and lessors by CO2 emissions.

American airline planes at an airport

Articles

Can US airlines sustainably grow fleets with SAF and fleet renewal?

IBA's explores how 4 major US airlines could use Sustainable Aviation Fuels, carbon offset and fleet renewal to grow their fleets whilst avoiding an increase in overall CO2 emissions.

A graphical illustration of a reduction in CO2 emissions

Articles

Carbon Index Spotlight on Aircraft, Airlines and Lessors - December 2021

IBA has published it's updated aviation Carbon Emissions Index, ranking the best performing aircraft, airlines and lessors by CO2 emissions.

concept image: CO2 dial being turned by a hand

Articles

Carbon Index Spotlight on Aircraft, Airlines and Lessors - November 2021

Read IBA's updated Aviation Carbon Emissions Index. The article ranks aircraft & more by CO2 emissions. Find out more here.

Aircraft flying over trees

Webinars08Dec 2021

What are the implications of Aviation's Net Zero 2050 target for the industry?

Join IBA's advisory team of experts to explore aviation's commitment to reducing its carbon footprint. Take part in this essential webinar to enrich your understanding and explore the impact, cost and how the industry will need to adapt and change. Topics covered include: Will the costs of the industry rise impacting consumer demand? What will happen to aircraft values as new technology becomes available? Is Net Zero the operator's responsibility or an issue for the whole value chain including lessors and banks? What factors have most effect on reducing CO2 per pax mile? The slide deck is available to download here. To watch the webinar on demand, click here. If you have any further questions, comments or feedback please get in touch: Phil Seymour. Discover what makes InsightIQ the leading aviation intelligence platform. Book a demo

A British Airways Airbus A320 passenger jet airliner on the ground at Gatwick Airport with Norwegian Air and EasyJet aircraft parked in the background

Articles

How to Verify Airline CO2 Emissions Results

Discover how our Carbon Emissions Calculator can independently verify an operator's reported Scope 1 CO2 emissions.

concept image: CO2 dial being turned by a hand

Articles

Carbon Index Spotlight on Aircraft, Airlines and Lessors - October 2021

Read IBA's October-November 2021 article on the Aviation Carbon Emissions Index. Ranking aircraft, airlines & more by CO2 emissions. Find out more here.

A row of British Airways long haul jet airliner aircraft on the ground at Heathrow Airport in London

Articles

IAG CO2 Emissions Independently Verified by IBA Carbon Emissions Calculator

We compared CO2 emissions data published by IAG to IBA's InsightIQ Carbon Emissions Calculator, identifying a close correlation between the results.

Passengers boarding a Ryanair Boeing 737 aircraft with door open and airstairs extended

Articles

Ryanair CO2 Emissions in line with IBA's Carbon Emissions Calculator

CO2 emissions data published by Ryanair matches closely to figures from IBA's InsightIQ Carbon Emissions Calculator, highlighting the fidelity of IBA's CO2 data.

A Kenya Airways Boeing 787 in flight above trees with wheels down

Articles

Kenya Airways - Fleet and CO2 Emissions Analysis

We used InsightIQ to look at the Kenya Airways fleet, and CO2 emissions trends on flights between London and Nairobi.

Valuations

A view across to New York showing lots of buildings in the landscape

Events18Oct

Airline Economics New York 2023

IBA's Dr. Stuart Hatcher, Chief Economist, and ISTAT Certified Senior Appraiser is pleased to be a panelist at Airline Economics New York 2023 conference.Stuart will be speaking on the Financing & investing in aircraft & engines at 09:40am on 18th October 2023. If you have any questions in the interim, please contact [email protected]

IBA Insight: How are helicopter values performing?

Events29Jun

IBA Insight: How are helicopter values performing?

Join IBA’s Mike Yeomans and Rami Abdel Aziz on Thursday 29th June 15:00 BST for a comprehensive overview of the helicopter market and the latest insights on value performance and trends.

Could Saudi ambitions trigger a Middle East power play?

Articles

Could Saudi ambitions trigger a Middle East power play?

“My grandfather rode a camel. My father drove a car. I fly in jet planes. My son will drive a car. My grandson will ride a camel.” This contested quote relates to the desire to diversify away from an oil-export-dominant economy. Following Qatar and the UAE, it’s now a focus for Saudi Arabia. Aside from the emergence of Avilease last year with the announcement of a 12-aircraft SLB with flynas, the Saudi Public Investment Fund also launched Riyadh Air this week. This was closely followed by the $37Bn list price order for up to 121 x 787-9s to be split between the airline and Saudia. That’s a lot of capacity, and links closely with the Saudi vision to carry 330m passengers by the end of the decade (with close to a third visiting the country). Having spent much of my childhood in Riyadh and witnessing the speed of development, I have no doubt that they can succeed. Might this trigger a Middle Eastern power play whereby Emirates, Etihad and Qatar fight against the Saudi growth to destabilise the profitability for European and Asian carriers hoping to recapture market share? The combined carriers already have 465 passenger aircraft in active service, 95 parked or in storage, and 307 on backlog, I sense that, given their deep pockets, growth will proceed at any cost.

Singapore Airlines Plane on the run way taking off

Articles

New generation widebody lease rates are rising

New generation widebody lease rates are rising with some lag and more subdued value gains, according to data revealed by Phil Seymour,  Mike Yeomans, and Jonathan McDonald in our recent webinar. The latest trends in new generation widebody aircraft values and lease rates. Source: IBA Insight. The Airbus A350-900 was at US$925,000 per-month in January 2021 with an increase to US$954,000 per-month in January 2023. We predict this will have risen to US$1,007,000 per-month by July 2023.   Base value movements are more varied for new generation widebody aircraft. The Boeing 7879, 787-10, Airbus A350-900 and A350-1000 continue to grow, whereas the 787-8 and A330-900 fell between 2019 and 2022 (but stabilised into 2023). The latest mid-life widebody aircraft value and lease rate trends. Source: IBA Insight The base value decline for mid-life widebody aircraft has eased with the prospect of some market value recovery through the first half of 2023. A 12-year-old A330-300 was valued at US$20.04 million in 2022, and is predicted to drop to US$19.967 million in 2023. Some mid-life widebody lease rates are increasing, with a 12-year-old B777-300ER sitting at US$314,000 per-month in October 2022 and predicted to rise to US$350,000 per-month by July 2023.  Don’t miss our latest webinars Stay tuned for our forthcoming webinars covering new and existing asset classes. In the coming months we be taking a deep dive into value trends for Engines, EVTOLs, business jets, helicopters, and freighters. Follow us on LinkedIn for updates on our next webinar.  Discover our market-leading aircraft valuations services IBA has one of the largest teams of certified senior appraisers in the industry. We provide independent advice on wide-ranging, complex asset valuation requirements. From strategic fleet selection, transaction due diligence, portfolio appraisal, and operational decision-making through to annual portfolio and financial compliance monitoring, we'll have you covered! IBA is proud to be the Appointed Appraiser for COMAC ARJ21 Programme.  Find out more about IBA Valuations

Image of IndiGo plane flying

Articles

Narrowbody aircraft values set to climb through 2023

New narrowbody aircraft base values rose beyond the long-term trend into 2023, and lease rates are forecast to climb further this year, according to data revealed by Phil Seymour, Mike Yeomans, and Jonathan McDonald in the first of our new series of valuations webinars.

Image of an Aeroplane at an airport

Webinars22Feb 2023

IBA Insight: How are major asset values performing?

IBA’s award-winning Valuations team shared their latest insights on aircraft values across all major asset types in our new webinar series. In our first edition, Phil Seymour, Mike Yeomans and Jonathan McDonald will reveal key trends across narrowbody and widebody aircraft, regional jets and turboprops, and freighters. Watch the recording

Aeroplane flying through clouds

Webinars13Jan 2023

IBA's Market Update Webinar January 2023

Join IBA for an update on current and future trends across the global aviation industry.

An airplane wing with blue sky and clouds in the background

Articles

Key Trends for Global Aviation in 2023 - The IBA Perspective

In this short report, our experts Dr Stuart Hatcher, Geoff van Klaveren and Mike Yeomans share their expectations for the year ahead, examining macroeconomic factors, supply and demand, and challenges to airlines and aircraft values.

Image of an aeroplane at the airport

Webinars29Nov 2022

Ask the Appraiser: How are Widebody Aircraft Values Performing?

IBA presents: Ask the Appraiser. Our brand-new series of regular short webinars, designed to deliver you vital updates on how values are performing across the different aviation asset classes.

A man in a high visibility jacket and ear defenders stands in front of a Dash 8 Q400 turboprop aircraft with a grey sky in the background

Articles

Ask the Appraiser - How are Regional Jet and Turboprop aircraft values performing?

In the second edition of our ‘Ask the Appraiser’ webinars, our experts Jonathan McDonald and Phil Seymour examine the trajectory of regional jet and turboprop aircraft values, identifying the hottest trends and the impact of macroeconomic factors on the market.

Ask the Appraiser: How are Regional Jet and Turboprop Aircraft Values Performing?

Webinars10Nov 2022

Ask the Appraiser: How are Regional Jet and Turboprop Aircraft Values Performing?

IBA presents: Ask the Appraiser. Our brand-new series of regular short webinars, designed to deliver you vital updates on how values are performing across the different aviation asset classes. In the first of the series, join our experts Mike Yeomans and Jonathan McDonald for an overview of the freighter market. Watch the webinar

An orange, red and white COMAC ARJ21 aircraft lifting off from a runway

Articles

Ask the Appraiser - valuing the COMAC ARJ21

Our experts shine a light on the value and lease rate outlook for the ARJ21 and look at the wider market outlook for the Chinese regional jet.

A boeing 747-400 freighter aircraft on takeoff with a grey sky behind

Articles

Ask the Appraiser: An Overview of the Freighter Market

In the first in our series of ‘Ask the Appraiser’ webinars, our experts Jonathan McDonald and Mike Yeomans examined the trajectory of freighter values, identified the hottest trends in P2F conversions, and explored the impact of macroeconomic factors on the air cargo market.

An aeroplane taking off

Webinars03Nov 2022

Ask the Appraiser: Trajectory of Freighter Values

IBA presents: Ask the Appraiser. Our brand-new series of regular short webinars, designed to deliver you vital updates on how values are performing across the different aviation asset classes. In the first of the series, join our experts Mike Yeomans and Jonathan McDonald for an overview of the freighter market. Watch the recording Topics covered include: The trajectory of freighter values and lease rates The state of supply and demand in air cargo The landscape for P2F conversions What's happening in the macro-economic environment, and the impacts on the sector If you have any further questions, comments or feedback please get in touch with Mike Yeomans. The data used in this webinar is from IBA Insight, our leading intelligence platform for aviation finance. IBA Insight combines speed, accuracy, visual analytics and intuitive navigation to deliver actionable insight from comprehensive, integrated fleet, values, flight, carbon and market aviation data. More information can be found here.

Aeroplanes at an airport

Webinars12Sep 2022

IBA's Webinar: What does the future hold for Aviation in the Americas?

What's the outlook for Aviation in the Americas? Join IBA, the 2022 Appraiser of the Year, for the latest update on current and future trends and activity across the American aviation industry.Listen in to our panel of experts; Dr. Stuart Hatcher, Chief Economist, Mike Yeomans, Director – Valuations and Consulting, and Jack Ambrose, Regional Sales Manager (Americas) as they uncover, review and discuss key trends across aviation finance. This session was specifically designed to provide valuable insight that will support the aviation community in the Americas to identify market opportunities, structure deals, and mitigate risk within the current market. Topics include: Macro-economic update – inflation, interest rates, currency, oil price & airline failures Airline activity – US, South American, and Canadian Airlines performance OEM activity – latest on orders Valuation trends & trading activity – Asset performance in 2022 and beyond The slide deck is available to download here. To watch the webinar on demand, click here. If you have any further questions, comments or feedback please get in touch: Jack Ambrose. Discover what makes IBA Insight the leading aviation intelligence platform. Book a demo

A black and white Airbus A350 passenger jet aircraft climbing into a blue sky with few cloudssky with wheels down

Articles

Widebody aircraft values update – August 2022

IBA's expert team share the latest updates to widebody commercial aircraft values as part of our mid-year market update webinar.

China Airlines

Webinars04Aug 2022

IBA年中发布会-2022

诚邀各位参加IBA航空业2022年中市场网络发布会。此次发布会将着重探讨全球航空金融板块的趋势和对大中华地区航空业关注的话题重点分析。借此IBA将帮助航空业参与者更好的抓住机遇并做好对下半年市场的预测。内容纲要：宏观经济，通胀，加息等货币方面以及原油价格对航空业的影响运力，客运和货运需求变化价值，资产价值走向交易，飞机交付及交易动态盈利，航司盈利情况及预测中国，区域市场分析观看网络研讨会回放 Discover what makes IBA Insight the leading aviation intelligence platform. Book a demo

An Airbus A320 neo aircraft jet on the ground at an airport with open windows and flags in the cockpit

Articles

Narrowbody aircraft values update – August 2022

IBA's expert team share the latest updates to commercial aircraft values as part of our mid-year market update webinar.

passengers queuing at airport gate

Webinars22Jul 2022

IBA's Mid-Year Market Update Webinar

Join IBA, the 2022 Appraiser of the Year, for an update on current and future trends across the global aviation industry.Listen in to our panel of experts; Phil Seymour, Geoff van Klaveren, Mike Yeomans and Dan Taylor as they uncover, review and discuss trends across aviation finance. This essential update will enrich your understanding of key market indicators and trends as our experts share their insight and opinion on what to expect for the remainder of 2022 and beyond. Topics include: Macro-economic update – how are the changes in inflation, interest rates, currency, and oil price impacting the aviation community? Capacity – what demand are we seeing for PAX and cargo? Asset values – how are aircraft values and lease rates performing? Aircraft deliveries and trading activity – what are the latest trends? Airline profitability – what is the outlook for the remainder of 2022 and beyond? The slide deck is available to download here. To watch the webinar on demand, click here. If you have any further questions, comments or feedback please get in touch: Geoff van Klaveren. Discover what makes IBA Insight the leading aviation intelligence platform. Book a demo

Tokyo International Airport

Webinars24Jun 2022

IBA's Japanese Market Update Webinar

Join IBA, the 2022 Appraiser of the Year, for an update on current and future trends across the Japanese aviation industry. Listen in to our panel of experts; Dr Stuart Hatcher, Owen Geach, David Archer and Mei Ping Liew as they uncover, review and discuss trends across aviation finance. This essential update will enrich your understanding of key market indicators and regional trends as our experts share their insight and opinion on what to expect for the remainder of 2022 and beyond. Topics include: Post-pandemic recovery – how fast is the market recovering? Asset values – how are aircraft values and lease rates performing in 2022? Trading activity – what are the latest transaction trends? Airline credit – what is the outlook going forwards? ESG – how is this area evolving? Alternative assets (Freighters & Engines) – what key trends are we seeing? The slide deck is available to download here. To watch the webinar on demand, click here. If you have any further questions, comments or feedback please get in touch: Mei Ping Liew. Discover what makes IBA Insight the leading aviation intelligence platform. Book a demo

Passengers boarding aircraft in airport

Webinars27May 2022

How is the airline industry performing in 2022?

IBA's award-winning experts share the latest market intelligence from IBA Insight and provide their views on the state of the market, aircraft valuation trends, trading activity and much more. Listen in to our panel of experts; Dr. Stuart Hatcher, Geoff van Klaveren, Mike Yeomans and Finlay Grogan as they reveal, review and discuss global trends. Topics include: Macro-economic update – How are the changes in inflation, interest rates and oil prices impacting operators? Airline failures – How is the landscape changing? Capacity – How does this summer's capacity compare to pre-pandemic levels? What is the outlook going forwards? Aircraft valuation trends and trading activity – How are aircraft assets performing in 2022? ESG - What are the latest trends for the industry? The slide deck is available to download here. To watch the webinar on demand, click here. If you have any further questions, comments or feedback please get in touch: Stuart Hatcher. Discover what makes IBA Insight the leading aviation intelligence platform. Book a demo

A Swiss Airbus A220 aircraft

Articles

Regional aircraft engine values update - March 2022

The latest trends in regional aircraft engines you need to know, powered by IBA's InsightIQ.

A jet engine fitted to an Aeroflot aircraft in flight

Articles

Which aircraft engines are most exposed to the Ukraine crisis?

IBA's insight has identified that engine lessors are far less exposed to the impacts of the Ukraine Crisis than aircraft lessors.

A view of an orange jet engine fitted to an EasyJet Airbus A320neo aircraft

Articles

Utilisation driving greater value stability for narrowbody aircraft engines

The latest trends in narrowbody aircraft engines you need to know, powered by IBA Insight.

Parked Aircraft with Engine

Webinars25Mar 2022

Emerging Engine Value Trends for 2022

What is the trajectory for aircraft engines in 2022? In our webinar, IBA's engine appraisers share their opinion plus the latest market intelligence from InsightIQ on the state of the market, supply and demand of engines, shop visit forecasts, and much more. Listen in to our panel of experts; Phil Seymour, Company President, David Archer, Head of General Aviation and Aftermarket Value, and Jamie Davey, Manager - Commercial Engines, as they explore the current and future market for engines. Topics include: OEM and aftermarket performance Supply and demand of engines Shop visit forecast Value and lease rate performance Distribution of the fleet The slide deck is available to download here. To watch the webinar on demand, click here. If you have any further questions, comments or feedback please get in touch: Phil Seymour. Discover what makes InsightIQ the leading aviation intelligence platform. Book a demo

A LOT Boeing 787 Dreamliner aircraft on the ground against the backdrop of a blue sky

Articles

Widebody aircraft value trends update - February 2022

IBA's InsightIQ has identified key widebody aircraft value trends, published in our latest aircraft values webinar.

A Lufthansa Airbus A320 jet aircraft on the ground at an airport

Articles

Narrowbody aircraft value trends update - February 2022

IBA's InsightIQ has identified key narrowbody aircraft value trends, published in our latest aircraft values webinar.

Aircraft preparing to land

Webinars25Feb 2022

Emerging Aircraft Value Trends for 2022

What is the current and future trajectory for commercial aircraft values around the world? In this upcoming webinar, our ISTAT certified experts will be sharing their opinion plus the latest market intelligence from InsightIQ on aircraft value performance. Reviewing transactions, demand and supply trends, IBA's Valuation Team will discuss trends and implications for aviation finance globally. Listen in to our panel of experts; Mike Yeomans, Director - Valuations and Market Analysis, Stuart Hatcher, Chief Revenue Officer and Phil Seymour, Company President, as they uncover, review and discuss global trends across aviation finance. Topics include: Commercial aircraft: How will values move across narrowbody and widebody aircraft? What are the driving forces behind future market movements? How and why have different ages and generations of aircraft been affected differently? What is IBA's opinion on what might happen for Q3/4 2022? The slide deck is available to download here. To watch the webinar on demand, click here. If you have any further questions, comments or feedback please get in touch: Phil Seymour. Discover what makes InsightIQ the leading aviation intelligence platform. Book a demo

A man reading an IBA Aircraft Market Intelligence Report on a laptop computer

Articles

4 Top reasons to use IBA's Aircraft Market Intelligence Reports

IBA has launched new Aircraft Market Intelligence Reports, giving you best-in-class insight into prevailing and future aviation trends.

An Emirates Boeing 777-300ER aircraft on takeoff with landing gear extended and a control tower in the background

Articles

Reviewing Airbus and Boeing Widebody Aircraft Values in 2021

IBA has recently updated InsightIQ with its latest widebody aircraft value opinions with respect to fixed-wing commercial passenger aircraft as of July 2021.

An Airbus A321neo jet airliner aircraft in flight

Articles

Tracking Airbus and Boeing Narrowbody Aircraft Values in 2021

A review of narrowbody jet aircraft value trends in 2021

A Flybe Bombardier Dash 8 Q400 turboprop aircraft in flight

Articles

Aircraft Values - Best Regional Aircraft of 2021

Regional air travel has proven a key driver in aviation recovery, but which jets and turboprops have performed best by value in 2021?

Faradair Electric Aircraft

Webinars15Sep 2021

Future Technology Aircraft and Engines - Valuation Considerations

New and emerging technologies - how will Appraisers be valuing them? Join IBA, the Appraiser of the Year, and emerging technology OEMs Faradair and MagniX as they discuss the challenges, opportunities and growth of green technology in the aviation market. Listen in to our panel of experts; Phil Seymour, Company President, Neil Cloughley, CEO & Founder of Faradair Aerospace Limited, and Roei Ganzarski, CEO of magniX, as they discuss the challenges, opportunities and growth of green technology in the aviation market. Topics covered will include: Examples of emerging technology. The opportunities/challenges - Improving field performance, noise and range. New product certification. Valuing new technology - the challenges faced by Appraisers. Phasing technology advances. The market, competition and opportunities for growth of green technology. The slide deck is available to download here. To watch the webinar on demand, click here. If you have any further questions, comments or feedback please get in touch: Phil Seymour Discover what makes InsightIQ the leading aviation intelligence platform. Book a demo

A DCH* Dash 8 Q400 aircraft on the ground at an airport, with a marshaller wearing a high visibility jacket in the foreground

Articles

Turboprop Aircraft Values Show Positive Trends

Using aviation intelligence fleet and values data from our InsightIQ platform, IBA has published adjustments to aircraft values across the global Turboprop fleet.

An Embraer E175 Regional E Jet on the apron at an airport

Articles

Smaller Regional Jets Show Positive Value Adjustments

Using aircraft values data from our InsightIQ aviation intelligence platform, IBA has published adjustments to regional jet aircraft values in August/September 2021.

Turboprop Plane in Airport

Webinars26Aug 2021

Tracking the global recovery - Regional and Turboprop aircraft values update

What is the trajectory of commercial aircraft values around the world? In our on-demand webinar, our experts share their views plus the latest market intelligence from InsightIQ on the speed of recovery, future value performance of regional and turbo prop aircraft and what the implications are for aviation finance globally. Listen in to our panel of experts; Mike Yeomans, Director - Valuations and Stuart Hatcher, Chief Revenue Officer, as they uncover, review and discuss global trends across aviation finance. Using intelligence from InsightIQ, topics covered include: • Regional Recovery• Commercial Aircraft: How will aircraft values and lease rates move across regional and turboprop aircraft?• What are the driving forces behind future market movements?• How and why have different ages and generations of aircraft been affected differently• What is IBA's opinion on what might happen for Q3/4 2021? Watch the webinar on demand here. The slide deck is available to download here. If you have any further questions, comments or feedback please get in touch: Stuart Hatcher Discover what makes InsightIQ the leading aviation intelligence platform. Book a demo

An Airbus A320 NEO aircraft in flight, operated by IndiGo airlines.

Articles

Newer Generation Narrowbody Aircraft Values Show Positive Trend

Newer generation narrowbody aircraft values are performing the strongest overall, with aircraft attracting good investor interest and displaying positive value trends.

A Cathay Pacific Boeing 777-300 aircraft taking off from a runway

Articles

Older Widebody Aircraft Values Suffer Pandemic's Influence

IBA has adjusted base values for older widebody aircraft. Our analysis looks at the state of the market through the lens of two key aircraft types.

Narrowbody Aircraft in an Airport

News & PR12Aug

IBA Sees Positive Trends In Narrowbody Aircraft Values, But Widebodies Remain Depressed

IBA has outlined a divergence in value trends between narrowbody and widebody aircraft driven by a surge in domestic travel in certain markets, but continuing low levels of international travel globally.

image from inside an aeroplane, from the back looking forward

Webinars29Jul 2021

Tracking the global recovery - Narrowbody and Widebody values update

What is the trajectory of commercial aircraft values around the world? In our upcoming webinar, our experts will be sharing their views plus the latest market intelligence from InsightIQ on the speed of recovery, future value performance and what the implications are for aviation finance globally. Listen in to our panel of experts; Mike Yeomans, Director - Valuations and Phil Seymour, Company President, as they uncover, review and discuss global trends across aviation finance. Using intelligence from InsightIQ, topics covered include: Regional Recovery Commercial Aircraft: How will aircraft values and lease rates move across narrrowbody and widebody aircraft? What are the driving forces behind future market movements? How and why have different ages and generations of aircraft been affected differently? What is IBA's opinion on what might happen for Q3/4 2021? The slide deck is available to download here. If you have any further questions, comments or feedback please get in touch: Phil Seymour Discover what makes InsightIQ the leading aviation intelligence platform. Book a demo

a fleet of delta aircrafts

Webinars09Jul 2021

IBA's Aviation Market Update - July 2021

The start of the aviation recovery is proving to be inconsistent. Some markets are being constrained by a combination of new virus variants, continued local restrictions, infection rates and the varying pace of vaccine rollouts, whilst other regions are experiencing solid levels of domestic traffic recovery. Join IBA, the 2021 Appraiser of the Year, for an update on current and future market trends across the globe. Listen in to our panel of experts; Stuart Hatcher, Chief Revenue Officer, Mike Yeomans, Director - Valuations and Phil Seymour, Company President, as they uncover, review and discuss global trends across aviation finance. Using intelligence from InsightIQ, topics covered include: How fast are markets recovering? How are OEMs performing and are we seeing order swaps? What are the latest transactions trends? What are the lease expiry dates forecasting? How are aircraft values and lease rates performing? The slide deck is available to download here. If you have any further questions, comments or feedback please get in touch: Phil Seymour Discover what makes InsightIQ the leading aviation intelligence platform. Book a demo

A Flyr Boeng 737-800. Source: Flyr

Articles

Aviation Intelligence: Flyr Launches Norwegian Low-Cost Operation - June 2021

Norwegian airline Flyr officially started operations in June 2021, with a domestic network setup to operate from Oslo Gardermoen Airport (OSL). Flyr intends to operate using the low-cost carrier business model, with a demand driven business model.

Line graph

Articles

Key Aircraft Values Trends to Expect in July 2021

In anticipation of IBA's forthcoming July Mid-Year Aircraft Values Update Webinar, we have been looking ahead at some key aviation industry trends to expect in aircraft valuations. Though many will not see base value adjustments for many aircraft asset types, we are forecasting further market value softening in 2021 for some.

image of an aeroplane from above

Webinars26May 2021

IBA & KPMG's Webinar: State of the Industry Debate; Will the Northern Hemisphere be clear for take off this summer?

IBA in partnership with KPMG, join forces to explore key market indicators for the aviation industry. Together, the panel discuss global market performance and the outlook for the coming months. Will the traditionally busy Northern Hemisphere summer deliver for the industry? Using InsightIQ aviation intelligence, join Phil Seymour, Mike Yeomans from IBA, and Kieran O'Brien from KPMG, as they discuss the following questions: What are the current key industry trends across regions? Will we see more consolidation in the leasing space? What is the outlook for airlines in the next 6 month? Will the "new" ABS structures improve credit risk and cash retention? Are asset values stabilising? Is the industry preparing for tighter ESG within aviation? The slide deck is available to download here. If you have any further questions, comments or feedback please get in touch: Mike Yeomans Discover what makes InsightIQ the leading aviation intelligence platform. Book a demo

rear wing of an aeroplane in the sky

Articles

Will HNA Group's Bankruptcy Send Hainan Airlines into a Tailspin?

Jie Zhou, Senior Aviation Analyst, IBA Advisory, uses InsightIQ fleet and flights data to share a detailed view of HNA's current exposure and explore what the restructuring process could mean for lessors.

Aeroplane on a runway

Articles

Airport Landing Slot Values; Heathrow Pre- and Post-Covid and the Battle for Airport Slots

Senior Aviation Analyst Youcef Berour Minarro investigates the airport slot market, the impact of Covid-19 at London Heathrow, and the outlook for future slot values. This paper has been prepared to give an overview and insight into the current airport slot market, with specific emphasis on LHR as one of the most traded airports in the world. This article will review the impact COVID has had on LHR and what the IATA slot waiver extensions mean for slot values. IBA are one of only a very few appraisers recognised for airport slot valuations having completed a variety of assignments at airports including London LHR, London Gatwick and New York JFK. In 2015, IBA was involved in Europe's first ever bond tied to airport slots where Virgin Atlantic Airways secured a £220 million secured note transaction using the airline's take-off and landing slots at London Heathrow Airport. The bond was used to invest in new Boeing 787-9 aircraft. The bond had a tenor of 15 years. The notes were split between two tranches: £190 million A1 notes and £30 million A2 notes. The A1 notes have a weighted average life of 12 years, while the A2 notes have a weighted average life of 10 years. This was the first time in European air travel history that airport slots have been leveraged in this way, claiming the Deal of the Year in 2016. In 2020 alone, IBA have been heavily involved in performing a range of valuations for various purposes including slots securitisations, balance sheet purposes and for disposal/acquisition of slots. Download the full report

Image of plane tracking data on a world map

News & PR29Apr

IBA Outlines Global Aviation Trends To Japanese Investment Community

IBA, the leading aviation data and advisory consultancy, has delivered a presentation on the key trends impacting the global aviation sector to the Japanese investment community.

image of Norwegian airlines flying over snowy mountains

Webinars25Mar 2021

Covid-19: One year on, how well have ABS structures performed?

As we approach the first anniversary of global travel restrictions and the extraordinary levels of grounded aircraft due to Covid-19, IBA in partnership with Split Rock Aviation, join forces to explore ABS vehicles. Together, the panel review ABS market performance, resilience and how the structures have and will need to adapt for the future. Using InsightIQ data from IBA, join Phil Seymour and Clay Smith as they discuss: How has the market performed? What are the mechanisms to provide cash for maintenance? How will vehicles deal with early returns? What is the impact from lease holidays and the impact on cash flows? How have ABS asset values changed? What is the market appetite for new transactions? How have structures adapted and prepared for the future? The slide deck is available to download here. Voted Appraiser of the Year 2020, our award-winning engine specialists, are here to help. Get in touch if you have any further questions, comments or feedback: Phil Seymour

image of an aeroplane wing and engine on the ground

Webinars11Mar 2021

IBA's Webinar: All you need to know about Engine Values in 2021

Gain a clearer understanding of the value of your engine assets and the driving forces behind value and lease rate changes. Join IBA's experienced and award-winning engine specialists for our new webinar series. In the final of our three sessions, our panel of engine specialists focuses on the engine market. The panel discusses the following questions and topics: What are the latest trends in the engine market? Is market sentiment changing? How are Narrowbody and Widebody engine values performing? Are lease rates softening? How are shop visit forecasts changing - IBA's latest view? The slide deck is available to download here. Voted Appraiser of the Year 2020, our award-winning engine specialists, are here to help. Get in touch if you have any further questions, comments or feedback: David Archer

Aeroplane flying over city

News & PR12Feb

IBA Sees Least Dilution In New Gen Aircraft Values With A320neo Outpacing 737 Max

New generation widebody and narrowbody aircraft have seen only modest declines in their market values despite the enormous challenges of Covid-19, according to leading aviation industry consultant IBA.

Market Analysis

3 Influential women in aviation history (you may not have heard of)

Articles

3 Influential women in aviation history (you may not have heard of)

This International Women's Day, we asked the IBA team to highlight the achievements of 3 influential women who made their mark in aviation history, from Spitfires to Concorde.

A KLM 737 passenger jet on the ground at an airport

News & PR08Mar

IBA Analysis - Amsterdam Schiphol flight cap

IBA comments on the legal action planned by airlines following the introduction of flight caps in Amsterdam

Aeroflot airplane silver

Articles

One year on – what’s happened to Russian airline capacity?

Over a year has now passed since the start of the Russo-Ukrainian war, the introduction of sanctions, and the reciprocal closure of western, Russian, and Belorussian airspace to select foreign registered aircraft. This naturally posed a huge challenge to European, Asian, and Russian operators as they worked hard to recover from the Coronavirus pandemic. Finnair elected to use the polar route to reconnect services to Japan, and the southern route to Southeast Asia and China. Flight data from IBA Insight reveals that Finnair operates the same number of flights into Singapore and Tokyo today as they did in 2019, but with increased flight durations on each route of 13% and 31% respectively. The airline’s utilisation of the A350 (with its 300 min ETOPS certification) has helped the carrier adapt flexibly. By contrast, operators such as Scandinavian Airlines have elected to remove Japan from their network altogether and have resumed only 7% of Chinese flights to-date. How have Russian operators been affected by sanctions and airspace closures? Russian operators were, in fact, leading the way in post-pandemic recovery with domestic ASKs already 10% above the 2019 peak by August 2020 and 32% by August 2021. Most notably, domestic ASKs sat at 36% above peak 2019 levels in August 2022, following 4 months of sanctions! Whilst we anticipated domestic growth as a result of a big fall in international capacity, I would have expected the sanctions to have dented passenger traffic to a greater extent. Whilst IBA Insight reveals that flights have reduced by around 11% since 2021, we have also observed flexibility in the utilisation of the Russian fleet. Usage of the A319, 737-700 and 737 classics has reduced in favour of increased deployment of the A321. Furthermore, we have witnessed a 20% increase in the usage of widebody aircraft on domestic routes, placing more reliance on the A330 and 777-300ER, the latter of which has seen a 111% increase in flights. Russian operators halted passenger A350 operations in 2021, and these aircraft were largely grounded at the onset of sanctions. Which international destinations are Russian operators flying to? International Capacity was down by 79% in 2020, recovering to 44% below 2019 levels in 2021. This reduced again to 67% below 2019 levels following sanctions. The number of countries visited by Russian operators had dropped from around 80 to less than 30 by the summer of 2022. The most popular summer destinations for Russian travellers proved to be Turkey (37% of capacity), followed by Tajikistan, Uzbekistan, UAE and Kyrgyzstan (each with around 10% capacity). Winter destinations tell a different story. As of February 2023, Thailand tops the list with 19% of the capacity, followed by UAE with 15% and Turkey coming in third with just 10% (just 29% of summer 2022 capacity). Worthy mentions also include Egypt, Cuba, Sri Lanka, the Maldives, and India. These collectively account for 15% of winter capacity but <5% of summer 2022 capacity. Egypt is proving a noteworthy winner, with a 1300% increase in traffic to the country from Russia. This has been buoyed by limited options, and the 2021 lifting of the ban on direct flights to Egyptian resort cities following the crash of Metrojet flight 9268. Locations such as the UAE, Turkey, The Maldives and Sri Lanka are up 50-75% on 2019, whilst Russia’s largest winter sun location, Thailand, still has some ground to catch up. Myself and the team will continue to monitor and report on the evolving situation for Russian carriers and the impact on lessors and the wider aviation finance community. Don’t miss out on the latest aviation intelligence The IBA team share regular insights on all aspects of commercial aviation, from airline capacity and travel trends to aircraft values and ESG strategy. Sign up today to get the latest intelligence from the IBA Weekly newsletter delivered straight to your inbox. Sign up to our IBA Weekly

the underneath of an aeroplane

Articles

Latest financial results indicate a positive outlook for Delta and United

The latest financial results published by two of the ‘big four’ US carriers indicate a positive outlook moving into 2023.

passengers waiting in an airport terminal to board an aircraft through a window

Articles

Airline Consolidation - the outlook for 2023

What types of operators and which global regions are most likely to see consolidation in 2023?

Aeroplane flying through clouds

Webinars13Jan 2023

IBA's Market Update Webinar January 2023

Join IBA for an update on current and future trends across the global aviation industry.

An airplane wing with blue sky and clouds in the background

Articles

Key Trends for Global Aviation in 2023 - The IBA Perspective

In this short report, our experts Dr Stuart Hatcher, Geoff van Klaveren and Mike Yeomans share their expectations for the year ahead, examining macroeconomic factors, supply and demand, and challenges to airlines and aircraft values.

A LATAM Boeing 787 Dreamliner jet aircraft landing on a runway at an airport with buildings in the background

Articles

Latin America leads global capacity recovery

IBA Insight has revealed that the Latin American region is leading global air traffic recovery, with capacity now exceeding pre-pandemic levels recorded in 2019.

an aircraft in flight in a blue sky

Articles

Carbon Index Spotlight on Airlines, Aircraft and Lessors - August 2022

IBA has published its latest aviation Carbon Index in partnership with KPMG. Our latest analysis for August 2022 includes a spotlight on the most efficient airlines globally by region.

a loganair embraer jet taking off from an airport with sky and other airplanes in the background

Articles

Why Loganair is a unique prospect for it's next owners

IBA's Manager of Airline Analysis Neil Fraser shares his perspectives on the sale of Scottish carrier Loganair.

A Transavia aeroplane

Articles

Transavia plan to utilise Airbus A320neo in France next year

IBA's Neil Fraser comments on Transavia's likely deployment of Airbus aircraft for summer 2023.

Aeroplanes at an airport

Webinars12Sep 2022

IBA's Webinar: What does the future hold for Aviation in the Americas?

What's the outlook for Aviation in the Americas? Join IBA, the 2022 Appraiser of the Year, for the latest update on current and future trends and activity across the American aviation industry.Listen in to our panel of experts; Dr. Stuart Hatcher, Chief Economist, Mike Yeomans, Director – Valuations and Consulting, and Jack Ambrose, Regional Sales Manager (Americas) as they uncover, review and discuss key trends across aviation finance. This session was specifically designed to provide valuable insight that will support the aviation community in the Americas to identify market opportunities, structure deals, and mitigate risk within the current market. Topics include: Macro-economic update – inflation, interest rates, currency, oil price & airline failures Airline activity – US, South American, and Canadian Airlines performance OEM activity – latest on orders Valuation trends & trading activity – Asset performance in 2022 and beyond The slide deck is available to download here. To watch the webinar on demand, click here. If you have any further questions, comments or feedback please get in touch: Jack Ambrose. Discover what makes IBA Insight the leading aviation intelligence platform. Book a demo

a boeing 747 jet passenger aircraft on takeoff with a blue sky in the background

Articles

Israeli 4 engine ban will most likely hit converted 747 freighters

Israel has announced the ban of four-engine aircraft in Israeli airspace, in an effort to reduce noise and air pollution. Whilst the ban is mandated to come into effect from March 2023, it is believed that operators may be discouraged from operating such aircraft even sooner.

A black and white Airbus A350 passenger jet aircraft climbing into a blue sky with few cloudssky with wheels down

Articles

Widebody aircraft values update – August 2022

IBA's expert team share the latest updates to widebody commercial aircraft values as part of our mid-year market update webinar.

China Airlines

Webinars04Aug 2022

IBA年中发布会-2022

诚邀各位参加IBA航空业2022年中市场网络发布会。此次发布会将着重探讨全球航空金融板块的趋势和对大中华地区航空业关注的话题重点分析。借此IBA将帮助航空业参与者更好的抓住机遇并做好对下半年市场的预测。内容纲要：宏观经济，通胀，加息等货币方面以及原油价格对航空业的影响运力，客运和货运需求变化价值，资产价值走向交易，飞机交付及交易动态盈利，航司盈利情况及预测中国，区域市场分析观看网络研讨会回放 Discover what makes IBA Insight the leading aviation intelligence platform. Book a demo

A group of passengers in a terminal building at an airport

Articles

3 challenges to continued air traffic recovery

Aviation intelligence from IBA Insight reveals 3 key challenges that are slowing the global recovery of air traffic.

An Airbus A320 neo aircraft jet on the ground at an airport with open windows and flags in the cockpit

Articles

Narrowbody aircraft values update – August 2022

IBA's expert team share the latest updates to commercial aircraft values as part of our mid-year market update webinar.

Aeroplane flying in a blue sky

Articles

U.S. expected to approve inspection plans and allow resumption of 787 deliveries

It has been reported that the US Federal Aviation Administration (FAA) may have approved Boeing's inspection and modification plan for the 787-9 Dreamliner aircraft, which would allow the OEM to resume deliveries of the type.

passengers board a wizz air airbus a320 aircraft using a set of steps with mountains and a blue sky in the background

Articles

Airline capacity reduces by 16% amidst schedule cuts

In our recent Mid-Year Market Update webinar, our experts used IBA Insight to explore the impact of airline schedule cuts on capacity and mapped the likely trajectory for the coming months.

passengers queuing at airport gate

Webinars22Jul 2022

IBA's Mid-Year Market Update Webinar

Join IBA, the 2022 Appraiser of the Year, for an update on current and future trends across the global aviation industry.Listen in to our panel of experts; Phil Seymour, Geoff van Klaveren, Mike Yeomans and Dan Taylor as they uncover, review and discuss trends across aviation finance. This essential update will enrich your understanding of key market indicators and trends as our experts share their insight and opinion on what to expect for the remainder of 2022 and beyond. Topics include: Macro-economic update – how are the changes in inflation, interest rates, currency, and oil price impacting the aviation community? Capacity – what demand are we seeing for PAX and cargo? Asset values – how are aircraft values and lease rates performing? Aircraft deliveries and trading activity – what are the latest trends? Airline profitability – what is the outlook for the remainder of 2022 and beyond? The slide deck is available to download here. To watch the webinar on demand, click here. If you have any further questions, comments or feedback please get in touch: Geoff van Klaveren. Discover what makes IBA Insight the leading aviation intelligence platform. Book a demo

A SAS Airbus A320neo aircraft climbs into the air with a mountain in the background and a blue sky above

Articles

SAS files for Chapter 11 - 2 key challenges facing the airline

We explore the 2 key challenges facing Scandinavian Airlines (SAS) as it files for Chapter 11 bankruptcy protection in the US.

A commercial airliner Airbus A320 on the ground at an airport with a mountain in the background.

Articles

Asia Pacific region leads airline start-ups in 2022-2023

One year beyond our original analysis, we have re-examined the global picture for start-ups, identifying where they are, and the classes of aircraft they plan to use by 2023.

People move around a busy airport terminal building

Articles

Airline and airport capacity at highest levels since 2019 this summer

Our research reveals a positive overall trend in global capacity at airlines and airports globally, with performance edging ever closer to 2019 levels. Using this intelligence, we have mapped out the best and worst performing areas by airline and airport capacity as of mid-2022.

An SAS Airbus A350 in flight in blue cloudless skies

Articles

Ranked – the most improved airlines by unit CO2 emissions

Aviation intelligence from IBA Insight has revealed that key global airlines have reduced their scope one CO2 emissions by up to 17% since 2019. This follows an overall drop of 5.9% in CO2 emissions from commercial aviation since January 2018 (based on CO2 per-seat kilometer).

A digital rendering of an Akasa Air Boeing 737 MAX aircraft in flight

Articles

4 Start-up airlines to watch out for in 2022 and 2023

IBA's Finlay Grogan highlights 4 new operators from around the world that we will be watching closely in the coming months.

commercial airline aircraft parked at an airport in the rain

Articles

Pent up travel demand delays airline failures

IBA's Chief Economist Dr. Stuart Hatcher identifies that demand is changing the relationship between oil price, USD, and airline failures.

Passengers boarding aircraft in airport

Webinars27May 2022

How is the airline industry performing in 2022?

IBA's award-winning experts share the latest market intelligence from IBA Insight and provide their views on the state of the market, aircraft valuation trends, trading activity and much more. Listen in to our panel of experts; Dr. Stuart Hatcher, Geoff van Klaveren, Mike Yeomans and Finlay Grogan as they reveal, review and discuss global trends. Topics include: Macro-economic update – How are the changes in inflation, interest rates and oil prices impacting operators? Airline failures – How is the landscape changing? Capacity – How does this summer's capacity compare to pre-pandemic levels? What is the outlook going forwards? Aircraft valuation trends and trading activity – How are aircraft assets performing in 2022? ESG - What are the latest trends for the industry? The slide deck is available to download here. To watch the webinar on demand, click here. If you have any further questions, comments or feedback please get in touch: Stuart Hatcher. Discover what makes IBA Insight the leading aviation intelligence platform. Book a demo

A digital render of a Boeing 737 Max 10 aircraft in flight

Articles

Which IAG airlines will operate the high-density 737 MAX?

Following IAG's order for the Boeing 737 MAX 8200 and Boeing 737 MAX 10, our experts explore which IAG airlines are likely to operate the high density variant.

A Boeing 737 jet cargo aircraft with it's cargo door open

Articles

Boeing 737-800 leads passenger to freighter fleet growth in 2022

Our recent webinar highlighted the aircraft types driving the growth in global passenger to freighter conversions.

A group of Russian S7 airlines Airbus A320 jet airliner aircraft with airbridge steps attached at an airport

Articles

How many leased aircraft have returned from Russia?

How many leased aircraft have been recovered from Russia by aircraft leasing companies?

A passenger in an airport with a suitcase

Articles

UK airline capacity will be close to 2019 levels in Summer 2022

Using schedules data, we explored UK airline seat capacity as we move into the Summer season of 2022, identifying that seat capacity is likely to reach just short of 30 million seats by August 2022.

A group of Aeroflot aircraft at the gates of Moscow airport

Articles

How long can Russian airlines maintain their aircraft?

IBA's experts examine how long Russian operators can keep aircraft flying with a limited supply of parts.

An Air Transat A321neo aircraft in flight in a cloudy sky

Articles

Narrowbody vs widebody - which aircraft are more profitable and efficient on transatlantic routes?

We use our Carbon Emissions Calculator to examine the profitability and CO2 implications of the transatlantic narrowbody.

An image of a cargo plane being loaded with freight

Articles

4 Key air cargo trends to watch for in 2022

Using a combination of data sources together with IBA's own research and leading InsightIQ aviation intelligence platform, we have identified 4 key trends that will define the performance of the air freight market in 2022.

A United Airlines Boeing 777-300 aircraft in flight

Articles

Which full service airlines have the most aircraft orders?

Airline fleet data from IBA's InsightIQ aviation intelligence platform reveals the top 5 full-service airlines by aircraft orders, showcasing fleet renewal strategies.

Russian Aircraft Taking Off

Webinars02Mar 2022

Ukraine Crisis and the Impact on Global Aviation: Leading the Conversation

IBA's views on the unfolding conflict and the industry exposure. In response to the escalating emergency in Ukraine, IBA's team of experts and guest speakers will discuss and share thoughts on the evolving situation, the impact for industry stakeholders and practical guidance on how best to mitigate risk. Guest speakers George Ferguson, Senior Aerospace/Defense and Airline Analyst at Bloomberg, and Richard Moody will join IBA's Stuart Hatcher, Phil Seymour, Peter Walter and Geoff van Klaveren. Topics include: What is the market exposure across the industry? How could the crisis impact airlines, lessors and banks active in the sector? How could sanctions disrupt the normal financial flows - payments, debt issues, ABS's, and insurance What practical actions are available to the market to mitigate risk? The slide deck is available to download here. To watch the webinar on demand, click here. If you have any further questions, comments or feedback please get in touch: Phil Seymour. Discover what makes InsightIQ the leading aviation intelligence platform. Book a demo

An IndiGo Airbus A320neo jet in flight takeoff

Articles

Which low-cost airlines have the most aircraft orders?

Airline fleet data from IBA's InsightIQ aviation intelligence platform reveals the top 5 most active low-cost airlines by aircraft orders, showcasing fleet renewal strategies.

An Aeroflot Russian Airlines A320 in flight

Articles

Russia & Ukraine - Which aircraft lessors are most impacted by sanctions?

Which aircraft leasing companies are most exposed to economic sanctions on Russia?

A virgin atlantic airways Airbus A350-1000 XWB in flight

Articles

Virgin Atlantic commits to Sustainable Aviation Fuel agreement with ExxonMobil and Neste

Virgin Atlantic recently signed a new deal with Neste and ExxonMobil to supply 2.5 million litres of Sustainable Aviation Fuel 'SAF', which is expected to be delivered to London Heathrow airport in the first half of 2022.

A computerised rendering of a Singapore Airlines Airbus A350F Freighter aircraft in flight above the clouds

Articles

Airbus dominates commercial aircraft orders at the Singapore Air Show 2022

Aviation Intelligence data from IBA's InsightIQ reveals 88 firm total aircraft orders were received from 4 airlines and 1 lessor at the 2022 Singapore Air Show. An additional airline signed a letter of intention for 7 Airbus aircraft.

A digital rendering of a Frontier Airways Airbus A320neo in flight.

Articles

What could the Spirit-Frontier Airlines fleet look like post-merger?

Spirit Airlines and Frontier Airlines are to merge, forming the fifth-largest airline in the United States.

Business Jet parked at an Airport

Articles

IBA's Business Jet Market Report January 2022

The global business jet fleet numbers almost 23,000 operational aircraft. With the abnormalities seen in business aircraft supply and demand since the start of the Coronavirus pandemic having a significant effect on the market, IBA's Business Jet report shine a light on current market trends in business aircraft. Some key takeaways include: Though slow and cautious at the start of the pandemic, the Bizjet market has proven resilient andprosperous whilst wider commercial aviation has suffered There is high demand for business jets, and we find ourselves in a fast-paced environment in 2022 This high demand, coupled with low supply, has led to a seller's market Inflated Bizjet values are likely to return to normal as commercial aviation continues to recover ESG targets are likely to prove a key challenge to the market over the coming years Download the full report

A man reading an IBA Aircraft Market Intelligence Report on a laptop computer

Articles

4 Top reasons to use IBA's Aircraft Market Intelligence Reports

IBA has launched new Aircraft Market Intelligence Reports, giving you best-in-class insight into prevailing and future aviation trends.

An image of an Alitalia Airbus A320-200 in flight with landing gear wheels and flaps extended

Articles

IBA records 63 airlines failures and restructurings 2020-2021

IBA's market update has identified airline failures and restructurings from 2020-2021, and highlighted the number of aircraft grounded as a result.

Aeroplanes at an airport

Webinars13Jan 2022

IBA's Market Update: Aviation Finance Round-up of 2021 and Forecasts for 2022

Discover the trends shaping aviation finance in 2022 with IBA's Market Update. Join IBA's advisory team of experts to explore the recovery in the aviation market for 2022. This essential update will enrich your understanding of key market indicators and regional trends as our expert share their insight and opinion on what to expect in 2022 and beyond. Topics include: Forecasted recovery for traffic and utilisation in 2022 How supply and demand for aircraft will impact transaction Future improvements for airline risk How the lessor landscape will evolve in 2022 Forecasted levels of carbon emissions from commercial aircraft How aircraft assets will perform in 2022 The slide deck is available to download here. To watch the webinar on demand, click here. If you have any further questions, comments or feedback please get in touch: Phil Seymour. Discover what makes InsightIQ the leading aviation intelligence platform. Book a demo

An Aeromexico Boeing 737-800 passenger jet in flight with landing gear undercarriage and flaps down extended

Articles

Aeromexico restructuring plan approved by creditors

Aeroméxico has become the latest Latin American Flag Carrier to begin the exit from Chapter 11 bankruptcy proceedings

A graphic rendering 2 Boeing 737 Max aircraft in flight in Allegiant Airways livery

Articles

Allegiant Air orders 50 Boeing 737 Max aircraft

Allegiant Air's Boeing 737 MAX order signifies a shift to modernity for the carrier's fleet. Image: Boeing

An Avianca Airbus A330-200 aircraft in flight with landing gear extended

Articles

Is Avianca's low cost model a ticket to a brighter future?

As Avianca exits Chapter 11 bankruptcy proceedings, we ask if the carrier's move towards a low-cost carrier model its ticket to a brighter future?

Japan Airlines Aircraft on an Airport Runway

Articles

IBA's Japan Aviation Market Report - December 2021

IBA's latest market report covers the state of Japanese aviation. We take a deep dive into airlines and lessors, and forecast what's ahead for the market and the region. Download the report here.

Aeroplane flying in a blue sky

Articles

8 Aviation industry trends to expect in 2022

IBA's Head of Advisory Geoff Van Klaveren and Chief Revenue Officer Stuart Hatcher prove their expert opinion on the outlook for the aviation industry in 2022, identifying 8 key trends across utilisation, fleets, orders, airlines, lessors and the environment.

Passenger to Freighter Conversions

A digital rendering of an Embraer 190 passenger to freighter conversion aircraft in the livery of Nordic Aviation Capital (NAC)

Articles

Nordic Aviation Capital confirmed as launch customer for Embraer E-Jet freighters

What does the first order for E-Jet conversion slots mean for Embraer's freighter conversions?

A Boeing 737 jet cargo aircraft with it's cargo door open

Articles

Boeing 737-800 leads passenger to freighter fleet growth in 2022

Our recent webinar highlighted the aircraft types driving the growth in global passenger to freighter conversions.

Freighter aircraft loading cargo in an airport

Webinars29Apr 2022

Emerging Freighter Value Trends for 2022

What is the current and future trajectory for freighter aircraft around the world? In this upcoming webinar, our ISTAT certified Appraisers will share their opinion plus the latest market intelligence from IBA Insight on freighter value performance. Listen in to our panel of experts; Dr. Stuart Hatcher, Chief Economist, Mike Yeomans, Director - Valuations and Consulting, and Jonathan McDonald, Manager – Classic & Cargo Aircraft as they uncover, review and discuss global trends across aviation finance. Topics include: How are freighter values and lease rates performing? Which conversion programmes are performing well? How is the landscape of conversion houses changing? How will the Russia/Ukraine conflict impact the freighter market? The slide deck is available to download here. To watch the webinar on demand, click here. If you have any further questions, comments or feedback please get in touch: Stuart Hatcher. Discover what makes IBA Insight the leading aviation intelligence platform. Book a demo

An image of a cargo plane being loaded with freight

Articles

4 Key air cargo trends to watch for in 2022

Using a combination of data sources together with IBA's own research and leading InsightIQ aviation intelligence platform, we have identified 4 key trends that will define the performance of the air freight market in 2022.

A Boeing 767-300ER freighter aircraft operated by UPS airlines in flight with landing gear down

Articles

Which aircraft make the most cost-efficient freighter conversions?

Which commercial aircraft make the most cost-effective freighter conversions? We use InsightIQ to examine the state of play in the market.

Cathay Freighter

Webinars20Oct 2021

The Future of the Passenger - to - Freighter Conversion Market: 2021 and Beyond

The freighter market continues to perform strongly but for how long, and what are the risks to sustained growth and investment? Connect with Phil Seymour, IBA's President, Jonathan McDonald, IBA's Head Analyst Commercial and Ageing Aircraft and Robert Convey, Senior VP at AEI, for an interactive and unmissable session about the freighter market. Topics covered include: What is the current and future outlook for growth, utilisation and transactions? Which conversion programmes are performing well? How is the landscape of conversion houses changing? How good is the supply of conversion candidates? The slide deck is available to download here. To watch the webinar on demand, click here. If you have any further questions, comments or feedback please get in touch: Phil Seymour. Discover what makes InsightIQ the leading aviation intelligence platform. Book a demo

An Amazon Prime Air Boeing 737-800BCF aircraft in flight with high lift devices and landing gear extended

Articles

Amazon Air Fleet Grows with E-Commerce Market Boom

Amazon's Prime Air operation commenced flights in 2016 when it secured the use of a single Boeing 767-200BDSF.

A Cathay Pacific Boeing 777-300 aircraft taking off from a runway

Articles

Older Widebody Aircraft Values Suffer Pandemic's Influence

IBA has adjusted base values for older widebody aircraft. Our analysis looks at the state of the market through the lens of two key aircraft types.

Emirates cargo plane flying

Articles

Can P2F Conversions fulfil the unprecedented demand for Global Air Cargo?

With the onset of the COVID-19 pandemic, airlines saw the majority (and in some cases all) of their passenger fleets grounded as various lockdowns came into force around world.

image of emirates cargo plane

Articles

4 Key Drivers of Demand in the Global Air Cargo Market

As well the vital role it continues to play in supporting the global economy, the air cargo market is now becoming increasingly important in powering global COVID vaccine distribution.

the building of an aircraft

Articles

The changing shape of the P2F conversion market

A new batch of P2F converted freighters is currently entering the market but what makes an aircraft appropriate for conversion? Here, IBA considers the factors influencing suitability and anticipates the market's likely direction.

Stationary Freighter Fleet

News & PR26Feb

IBA Sees Sustained Growth In Freighter Aircraft Demand But Suppressed Values

Demand for freighter aircraft continues to grow strongly as a result of Covid-19, but values and lease rates remain suppressed by an oversupply of feedstock aircraft, according to leading aviation industry consultant IBA.

The engine of an aircraft

Webinars25Feb 2021

IBA's Webinar: All you need to know about Freighter values in 2021

Gain a clearer understanding of the value of your freighter assets and the driving forces behind value and lease rate changes. Join IBA's experienced and award-winning valuation specialists for our new webinar series. In the second of three sessions, our ISTAT qualified appraiser panel will focus on the freighter market. The panel discusses the following questions and topics: How have IBA's asset values and lease rates moved for freighter aircraft? What are the driving forces behind IBA's recent market movements? How strong is conversion demand across the different programmes? What feedstock is available and how competitive is the pricing? What is IBA's opinion on what might happen in 2021? The slide deck is available to download here. We hope you find the session insightful and relevant to your operations. If you have any further questions, comments or feedback please get in touch: Jonathan McDonald

A New Era of Widebody Freighters

Articles

A New Era of Widebody Freighters

For a number of years now the widebody freighter market has really been focused, in terms of ordering activity and building fleet numbers, on three types, the Boeing 767-300ER, Boeing 777F and Boeing 747-8F. These three types supplementing and/or replacing models such as the Boeing 747-400 and McDonnell Douglas MD-11, whether these be factory produced freighters or converted freighters. With production of the Boeing 747-8F expected to reach its conclusion in 2022 and Boeing 767-300ER feedstock winding down, attention inevitably turns to which types can fill the void, enter the Airbus A330P2F and Boeing 777-300ERSF.

image of an aeroplane flying above buildings

Articles

What Are the Current Utilisation Levels for the 777 Family and Predicted Attrition?

As you will be aware, the withdrawal of passenger capacity from the market has driven extraordinary demand for dedicated freighters. Some passenger aircraft have been temporarily converted and freight movements have strengthened. Using flight data from IBA's Intelligence platform InsightIQ, we can illustrate the utilisation of the 777 Boeing Family.

drawing of an aeroplane flying down to the right followed by a trail left behind

News & PR02Nov

Aviation Shifting From Initial Covid Impact To Longer Term Survival Strategies, Says IBA

- Airlines remain loss-making, but some quarter on quarter improvements - - Fleet exits continuing, but younger aircraft value drops limited - - Modest recovery in some domestic markets, but load factors low - - OEM production rates constrained, with MAX return set to shift market dynamics -

Image of an aeroplane at the airport

News & PR28May

IBA Highlights High Air Freighter Demand But Mixed Long Term Potential For Aircraft Types

20th May, 2020: IBA, the leading, independent aviation consultant, has highlighted the very high levels of current demand for air cargo in the current Covid-19 environment, but painted a more conservative picture of long term demand for certain aircraft types.

image of an IAI-B767-300 BDSF

Articles

IBA's Freighter Market Outlook, November 2019

Following IBA's mid-year P2F market update, Jonathan McDonald, Senior Commercial Ageing Aircraft Analyst, revisits the market to provide insight into current freighter market characteristics. This short webcast session looks at the conversion programme, growth forecasts, conversion costs, values and leasing rates, feedstock and lastly our view on current topics such as the pickle fork AD and the New Generation Boeing 777-300ERBDSF programme.

image of an aeroplane

Webinars19May 2019

IBA's Passenger to Freighter Webinar, May 2019

IBA's Passenger to Freighter Webinar was designed specifically around the opportunities for investing and the vulnerabilities within the market. The session is a must for those considering converting fleet or looking at end of life options. IBA's Jonathan McDonald, Head Analyst - Commercial & Ageing Aircraft and Phil Seymour, CEO, added clarity on the shape of the market, lease rates and values, new entrants and players, the economics of conversions vs parting out plus the need for scrutiny as the market for Cargo begins to change. A copy of our Passenger to Freighter slide deck is available to download here. If you have further questions please contact us.

image of an aeroplane

Articles

What Will The Narrowbody Freighter Landscape Look Like In 2037?

IBA Report: issued March 2019 Jon Whaley, IBA's Freight Analyst, explores fleet composition, market share and growth opportunities for the P2F market.

image of an aeroplane engine being built in a factory

Articles

IBA's Freighter Conversion Whitepaper, January 2019

Freighter Conversions - capitalising on the resurgence in demand Freight volumes are continuing to trend on an upward trajectory and at a solid rate when compared to historical data. It should be noted however, that due to the inventory restocking cycle having concluded and manufacturing export orders remaining low, demand factors are lacking when compared to 2017. This paper looks at the current and future freighter market, production, routes into the market and takes a close look at a B737 conversion.

An aeroplane being built in a factory

Articles

IBA Foresee 1000 P2F Conversions Being Required In The Next 17 years

According to IATA's March 2018 Freight Analysis report, global freight volumes slowed to a 22-month low, 1.7% year-on-year in March. This outcome represents the slowest pace of annual growth since the early part of 2016. The decline in growth can predominantly be attributed to the end of the restocking cycle which was one of the drivers behind the high growth figures. IATA have cautioned against reading too much into the most recent figures and expects growth of 4-5% overall for 2018.

Engines

A view across to New York showing lots of buildings in the landscape

Events18Oct

Airline Economics New York 2023

IBA's Dr. Stuart Hatcher, Chief Economist, and ISTAT Certified Senior Appraiser is pleased to be a panelist at Airline Economics New York 2023 conference.Stuart will be speaking on the Financing & investing in aircraft & engines at 09:40am on 18th October 2023. If you have any questions in the interim, please contact [email protected]

Regional aircraft engine values face turbulence in early 2023

Articles

Turbulence ahead for some regional aircraft engines, whilst others continue to outperform the market.

IBA's experts examine the latest trends in regional engine values and utilisation in our latest webinar 'IBA Insight - How are engine values performing?'.

image of a plane engine

Articles

Mature Widebody Engines Unlikely to Recover to Pre-Covid Levels

IBA's experts Jamie Davey and Phil Seymour took a deep dive into the latest trends in widebody engine values and utilisation in our latest webinar 'IBA Insight - How are engine values performing?'.

New generation narrowbody engine values surge beyond 2019 levels

Articles

New generation narrowbody engine values surge beyond 2019 levels

IBA's experts Jamie Davey and Phil Seymour took a deep dive into the latest trends in engine values in our latest webinar 'IBA Insight - How are engine values performing?'.

New gen narrowbody engine values surge as mature widebody engines lag

News & PR31Mar

New gen narrowbody engine values surge as mature widebody engines lag

New generation narrowbody engines remain a highly liquid asset with strong orderbooks, reflecting a complete post-pandemic recovery for this type, according to data revealed by the leading aviation market intelligence and consultancy company, IBA.

Image of an aeroplane at the airport

Webinars30Mar 2023

IBA Insight: How are engine values performing?

IBA’s award-winning Valuations team will be sharing their latest insights on engine values in our new webinar series. In our second edition, Phil Seymour and Jamie Davey will reveal key trends to watch for in 2023, the impact of supply chains and inflation on engines values, values and lease rates update for popular engine types and parts and aftermarket updates. Click here to watch the recording

A Swiss Airbus A220 aircraft

Articles

Regional aircraft engine values update - March 2022

The latest trends in regional aircraft engines you need to know, powered by IBA's InsightIQ.

A jet engine fitted to an Aeroflot aircraft in flight

Articles

Which aircraft engines are most exposed to the Ukraine crisis?

IBA's insight has identified that engine lessors are far less exposed to the impacts of the Ukraine Crisis than aircraft lessors.

A view of an orange jet engine fitted to an EasyJet Airbus A320neo aircraft

Articles

Utilisation driving greater value stability for narrowbody aircraft engines

The latest trends in narrowbody aircraft engines you need to know, powered by IBA Insight.

A view from the wing of a Boeing 747-400 aircraft showing wingtip and jet engines

Articles

Freighters buck the trend in latest widebody aircraft engine values

The latest trends in aircraft engines you need to know, powered by IBA Insight.

Parked Aircraft with Engine

Webinars25Mar 2022

Emerging Engine Value Trends for 2022

What is the trajectory for aircraft engines in 2022? In our webinar, IBA's engine appraisers share their opinion plus the latest market intelligence from InsightIQ on the state of the market, supply and demand of engines, shop visit forecasts, and much more. Listen in to our panel of experts; Phil Seymour, Company President, David Archer, Head of General Aviation and Aftermarket Value, and Jamie Davey, Manager - Commercial Engines, as they explore the current and future market for engines. Topics include: OEM and aftermarket performance Supply and demand of engines Shop visit forecast Value and lease rate performance Distribution of the fleet The slide deck is available to download here. To watch the webinar on demand, click here. If you have any further questions, comments or feedback please get in touch: Phil Seymour. Discover what makes InsightIQ the leading aviation intelligence platform. Book a demo

UPS cargo plane flying into landing

Articles

Freighter Engine Recovery leads over Passenger Aircraft Engines

Utilisation of freighter aircraft engines is leading over passenger, but such comparisons should be viewed in context, writes David Archer.

A close up view of a jet engine mounted on a Boeing 737

Articles

Narrowbody Aircraft Engine Value Trends Update - October 2021

IBA has reviewed and updated our forecasts for narrowbody aircraft trends in October 2021.

A jet engine mounted on the wing of an Airbus A330 aircraft on takeoff, with flaps and landing gear down

Articles

Widebody Aircraft Engine Value Trends Update - October 2021

IBA has reviewed and updated our forecasts for widebody aircraft engine trends in October 2021.

A340 Engines

Webinars30Sep 2021

Tracking the Global Recovery - Engines, all you need to know for Q3

What is the trajectory of aircraft engines in Q3? In our upcoming webinar, IBA's experts, along with Harry Breach, Director at Stifel, will be sharing their views plus the latest market intelligence from InsightIQ on the state of the market, supply and demand of engines, shop visit forecasts, and more. Listen in to our panel of experts; Stuart Hatcher, Chief Revenue Officer, David Archer, Senior Engine Analyst, and Harry Breach, Director at Stifel, as they explore what the implications are for engines in Q3. Topics covered include: State of the market - utilisation and failures. OEM performance and aftermarket. Supply and demand of engines. Shop visit forecast. Value and lease rate performance. Distribution of the fleet. The slide deck is available to download here. To watch the webinar on demand, click here. If you have any further questions, comments or feedback please get in touch: Stuart Hatcher Discover what makes InsightIQ the leading aviation intelligence platform. Book a demo

A close up view of an aircraft jet turbofan engine's fan blades

Articles

Aviation Intelligence - Tracking Narrowbody Engine Recovery

We analysed utilisation trends for the four most prominent engine families in the narrowbody market to track market recovery.

Aircraft Engine Under Repair

Articles

Aviation Intelligence - Demand for Engine Shop Visits Vital to Aviation Market Recovery

Whilst passenger demand is the key driver in the recovery of the aviation market as a whole, a core indication of health of the engine market is in shop visit demand. This can dictate value performance, lease demand, investor appetite and overall liquidity of the engine market.

image of aeroplane engine

Articles

Rolls Royce Commits to 100% Sustainable Aviation Fuel Capability for Civil Aircraft Engines

Rolls-Royce are to test all its civil aircraft engines currently in production to ensure their compatibility with 100%-sustainable aviation fuel by 2023.

image of an open rotor engine drawing

Articles

Will Open Rotor Engines be the next great leap in Decarbonisation?

General Electric and Safran Group are to collaborate on development of a viable open rotor engine, 'RISE', destined to power narrowbody aircraft by the mid-2030's. The joint venture between the US and French aero engine giants intends to make workable a concept first touted in the 1970s. The open rotor engine dispenses with the traditional pod housing the fan blades seen on high bypass turbofan engines.

aeroplane on a runway

Articles

Sandstorm Fails to Blow China's Post-Covid Recovery Off Course: But Aviation Manufacturers Must Develop Equipment More Resistant to Harsh Conditions

Denesz Thiyagarajan, Engine Analyst, IBA Advisory, uses InsightIQ intelligence to explore the potential impact of weather conditions in Northern China on Engine performance and utilisation.

image of inside an engine

News & PR12Mar

Aircraft Engine Market Regaining Revs, But Lengthy Recovery Timefame Says IBA

The aircraft engine market is showing early signs of recovery from the worst effects of the Covid-19, but is not set to return to pre-pandemic levels until the mid-2020s, according to leading aviation data and advisory company IBA.

image of an aeroplane wing and engine on the ground

Webinars11Mar 2021

IBA's Webinar: All you need to know about Engine Values in 2021

Gain a clearer understanding of the value of your engine assets and the driving forces behind value and lease rate changes. Join IBA's experienced and award-winning engine specialists for our new webinar series. In the final of our three sessions, our panel of engine specialists focuses on the engine market. The panel discusses the following questions and topics: What are the latest trends in the engine market? Is market sentiment changing? How are Narrowbody and Widebody engine values performing? Are lease rates softening? How are shop visit forecasts changing - IBA's latest view? The slide deck is available to download here. Voted Appraiser of the Year 2020, our award-winning engine specialists, are here to help. Get in touch if you have any further questions, comments or feedback: David Archer

Passengers onboarding aircraft

Articles

Will The Recent Pratt & Witney 4000-112 Engine Failure Have A Lasting Impact On Storage Levels For Older Pratt & Whitney-Powered 777 Aircraft Fleet?

In response to the uncontained engine failure of a United Airline Boeing 777-200 flight from Denver to Honolulu on the 20th February, IBA's analyst Jie Zhou uses InsightIQ Fleet and Flight data to consider the short and long term impact for the Fleet.

image of an aeroplane engine

News & PR17Dec

IBA Forecasts Long Term Engine Value Resilience

17th December, 2020 - The long term value of commercial aircraft engines is set to withstand the worst effects of Covid-19, according to new data from IBA. In a recent webinar entitled How To Build Resilient Engine Management Programmes For The Road To Recovery, the leading aviation data and advisory company outlined how engines are set to show long term value retention.

Image of an aeroplane wing and engine in the sky

Articles

Is There a Bright Future for Green Time Engines?

An aircraft or engine approaching its operational twilight years tends to require closer condition monitoring and increased maintenance investment. For many years, one option lessors and operators have used to achieve a good return on their asset is to part out the aircraft or engine for feedstock or to sell them into the aftermarket. Engines with little green time remaining are typically the best option for teardown.

image of an aeroplane engine

Webinars10Dec 2020

IBA's Webinar - How To Build Resilient Engine Management Programmes For The Road To Recovery

The positive news of several Covid-19 vaccines and various testing regimes have spread optimism that travel restrictions will soon ease, passenger confidence will return and the economic impact dissipates quickly in 2021. Whilst we hope for all of these things, it's likely there will be further challenges ahead and there will certainly be a variety of recovery patterns across the globe. Join speakers from IBA for a review of how to effectively manage engine assets to build a resilient and cash preserving strategy that supports the road to recovery. Topic discussed include: Shop visit forecasts Differing scenarios How resilient is the engine market? The importance of spare engine ratios Do maintenance reserves need to be reviewed? Engine SV options Material use and build standards? What is the trade-off between cash preservation v time on wing Impairments - IFRS16 and 36 issues What will fuel aviation's green future? The slide deck is available to download here. If you have any further questions or comments please contact: Mal Cowley or David Archer

Man looking at engine

Articles

Engine Shop Visit Demand

Pre-Covid, IBA forecast strong growth across the entire aftermarket: narrowbodies, widebodies and regional aircraft. There was an expanding fleet, heightened utilisation and increased demand for shop visits. The situation has evidently altered enormously and the most vulnerable assets, mature widebodies, will be the first to be withdrawn from shop visits.

Wing of plane mid flight

Articles

Narrowbody Engine Market Performance

When it comes to recovery, the short haul market will be first and there are some positive signs, many engines re-entering service in North America, Europe and Asia. However, despite increased flight volumes and resultant higher engine utilisation, load factors remain low. Border restrictions persist across all regions and passenger confidence to travel continues to challenge.

image of a man looking inside an aircraft engine

News & PR12Oct

Demand Collapse Driving Down Engine Values And MRO Demand Says IBA

- Widebody engine values drop by up to 50% - 12th October 2020: The collapse in demand for air travel caused by the Covid-19 pandemic has led to a significant decline in engine values, with a knock on effect on engine MRO, according to data from leading independent aviation consultancy, IBA.

image of an aircraft engine

Webinars29Sep 2020

IBA Webinar: The New Curve; Engine Market Update

IBA's Engine Market Update is designed specifically around the business needs of Investors, Lessors, Operators and Financiers looking to understand the performance of the Engine market and the flight path to recovery. This session provides valuable insight to help the aviation community identify market opportunities, structure deals and mitigate risk in the wake of COVID-19. IBA's Phil Seymour, President and Head of Advisory, David Archer, Senior Engine Analyst and Jamie Davey, Engine Analyst, share their insight on: Engine value resilience and the flight path to recovery Shop Visit Forecast modelling and the impact on the aftermarket, values and lease rates How have OEMs been supporting the industry Fleet trends of the most popular engine types during COVID-19 Engine performance - Value and Lease Rate update The slide deck is available to download here. If you have further questions please contact: David Archer

image of an aeroplane engine being built in a factory

Webinars30Jul 2020

IBA Webinar: The Changing Landscape of the Aftermarket Industry

This session is a must for aviation investors and banks looking to further understand the potential impact on current and future investments, MRO operators, and for those requiring further guidance on how to minimise and manage the impact from Covid-19. This comprehensive webinar provides independent insight and analysis on the Aftermarket industry. In this session, our panel of experts discuss and address the pandemic impact and review future trends and innovation in the Aftermarket industry. Our senior analysts offer opinion on current and future market trends across the following areas: How will current and forecasted levels of utilisation impact the MRO demand What is the influence of lease end forecasts, trends and retirements for the market Will forecasted engine shop visits be dramatically different How will supply chain models need to adapt to the new norm Will there be a step change in demand for PMA parts Can the market expect MRO restructuring and consolidation Why the Aftermarket has to change The slide deck is available to download here. If you have further questions please contact: Adil Slimani

image of a man looking inside an aircraft engine

Webinars26Mar 2020

How Will Covid-19 Impact The Aero Engine Market?

IBA's Engine Market Update Webinar has been designed specifically around the business needs of investors, lessors, operators and financiers looking to explore the engine market and understand the impact from Covid-19. This session provides valuable insight to help the aviation community to navigate current challenges, identify future opportunities and mitigate risk. IBA's Phil Seymour, President and David Archer, Senior Engine Analyst, share their insight on the impact of Covid-19 on the engine market. Topics covered include; value performance in a crisis for narrowbody and widebody engines, the impact in the short, medium and long term and a review of the A330 engine market and the GE90 market. The slide deck is also available to download. If you have further questions, please contact: David Archer

image of a Boeing 737 Max

Articles

What is the Impact of the 737 MAX Groundings on the LEAP-1B? November 2019

For CFMI, it would appear that the impact of the 737 MAX grounding has not been detrimental to the LEAP-1B. There remains a strong market outlook for this engine and looking at the Base Value, Half Life, it is performing well and is on par with competing engines in the market. As illustrated in the chart below, there has been no impact on values.

image of an aeroplane engine

Articles

IBA's Engine Valuation Methodology, October 2019

How do we approach our values? Our large team of engine and aircraft analysts and 6 ISTAT qualified appraiser's specialise in a broad range of aviation assets including commercial jets, engines, helicopters, business jets and landing slots. David Archer, IBA's Senior Engine analyst, talks through IBA's approach to engine valuations, why they are an attractive investment and what factors influence their value. Click here to listen to the short webcast. If you have further questions, comments or feedback please contact: David Archer

Image of an aeroplane wing and engine

Articles

IBA Identifies A New Trend In Mature Aircraft Asset Management, October 2019

Using the valuation tool InsightIQ, it considers the lease rate comparison of several A320 vintages and their respective engines. London/Dublin/Tokyo - October 3rd 2019: IBA, the independent aviation advisory, valuation and consulting firm has identified a growing trend in mature aircraft management where the leasing of core engine assets is managed separately to the aircraft as a whole. This is becoming increasingly evident based upon the strengths of the CFM-56-5/7B and V2500-A5 engines within the A320 and 737NG fleets.

image of a Boeing 737 Max flying

Articles

Is There An Impact On The Engine Market From The 737 MAX Groundings?

IBA Report by David Archer, Senior Engine Analyst: issued September 2019 The grounding of the 737 MAX fleet has been one of the most widely discussed aviation events of recent history. Following two tragic accidents, the 737 MAX fleet remains grounded until the world's aviation authorities deem it fit for service. Speculation has inevitably turned to the impact on the market and the longer term ramifications for both the aircraft and the engines.

image of aeroplane engine

Articles

IBA's Engine Market Update Webinar, March 2019

IBA's Engine Market Update was designed specifically around the business needs of Investors, Lessors, Operators and Financiers looking to explore the Engine market. IBA's David Archer, Senior Aviation Analyst and Gary Leung, Aviation Analyst, provided invaluable insight on how engine market values are performing, the level of engine order activity across single-aisle, twin-aisle, regional and turboprop markets and what trends and market growth indicators are apparent. They also gave an update on the A380 and had a look back at the 747.

image of a man looking inside an aircraft engine

Articles

What to Look for When Valuing an Engine, March 2018

Determining the value of an engine at different phases of its life-cycle requires consideration of a variety of factors, particularly engine maintenance value and engine core value. Depending on the phase of the engine's life, options to the owner include repair or overhaul to put value back into the asset; or, alternatively, green-time sale, tear-down and part-out of used serviceable material in order to extract remaining value from the engine. Maintenance value accounts for the value of life-limited parts (LLPs) and the value associated with the on-wing time before requiring a performance restoration.

image of a man building an aircraft engine

Articles

How do OEM Engine Maintenance Contracts Affect the Ability to Remarket Aircraft? September 2017

Aviation commentators have often remarked on the increasing presence of OEMs in the engine aftermarket. This is especially the case when it comes to engine maintenance, and the declining independent MRO solutions available. OEM maintenance contracts offer maintenance stability for operators, but can the widespread adoption of these affect resale values or leasing demands? Charlotte Daniels provides an assessment.

Aircraft Management

A view across to New York showing lots of buildings in the landscape

Events18Oct

Airline Economics New York 2023

IBA's Dr. Stuart Hatcher, Chief Economist, and ISTAT Certified Senior Appraiser is pleased to be a panelist at Airline Economics New York 2023 conference.Stuart will be speaking on the Financing & investing in aircraft & engines at 09:40am on 18th October 2023. If you have any questions in the interim, please contact [email protected]

The Aviation Conversation The Challenges of Redelivering Aircraft

Videos & Podcasts

The Aviation Conversation The Challenges of Redelivering Aircraft

Welcome to the Aviation Conversation. In this edition, IBA's Phil Seymour, Peter Walter and Denis Brailsford take a deep dive into the challenges faced by both airlines and lessors when redelivering aircraft, and how both parties can prepare for lease ends.

Could Saudi ambitions trigger a Middle East power play?

Articles

Could Saudi ambitions trigger a Middle East power play?

“My grandfather rode a camel. My father drove a car. I fly in jet planes. My son will drive a car. My grandson will ride a camel.” This contested quote relates to the desire to diversify away from an oil-export-dominant economy. Following Qatar and the UAE, it’s now a focus for Saudi Arabia. Aside from the emergence of Avilease last year with the announcement of a 12-aircraft SLB with flynas, the Saudi Public Investment Fund also launched Riyadh Air this week. This was closely followed by the $37Bn list price order for up to 121 x 787-9s to be split between the airline and Saudia. That’s a lot of capacity, and links closely with the Saudi vision to carry 330m passengers by the end of the decade (with close to a third visiting the country). Having spent much of my childhood in Riyadh and witnessing the speed of development, I have no doubt that they can succeed. Might this trigger a Middle Eastern power play whereby Emirates, Etihad and Qatar fight against the Saudi growth to destabilise the profitability for European and Asian carriers hoping to recapture market share? The combined carriers already have 465 passenger aircraft in active service, 95 parked or in storage, and 307 on backlog, I sense that, given their deep pockets, growth will proceed at any cost.

aeroplanes lined up at the airport

Articles

3 Challenges faced when returning stored aircraft to service

As the world's widebodies return to the skies, we explore the key challenges of RTS processes, and specific implications for widebody aircraft.

A group of Russian S7 airlines Airbus A320 jet airliner aircraft with airbridge steps attached at an airport

Articles

How many leased aircraft have returned from Russia?

How many leased aircraft have been recovered from Russia by aircraft leasing companies?

A Ural airlines Airbus A320 passenger jet on the ground at an airport with grass and sky in the background

Articles

How many aircraft are being illegally re-registered by Russian airlines?

We take a look at how many aircraft have been re-registered in Russia to circumvent sanctions on Russian aviation.

Russian Aircraft Taking Off

Webinars02Mar 2022

Ukraine Crisis and the Impact on Global Aviation: Leading the Conversation

IBA's views on the unfolding conflict and the industry exposure. In response to the escalating emergency in Ukraine, IBA's team of experts and guest speakers will discuss and share thoughts on the evolving situation, the impact for industry stakeholders and practical guidance on how best to mitigate risk. Guest speakers George Ferguson, Senior Aerospace/Defense and Airline Analyst at Bloomberg, and Richard Moody will join IBA's Stuart Hatcher, Phil Seymour, Peter Walter and Geoff van Klaveren. Topics include: What is the market exposure across the industry? How could the crisis impact airlines, lessors and banks active in the sector? How could sanctions disrupt the normal financial flows - payments, debt issues, ABS's, and insurance What practical actions are available to the market to mitigate risk? The slide deck is available to download here. To watch the webinar on demand, click here. If you have any further questions, comments or feedback please get in touch: Phil Seymour. Discover what makes InsightIQ the leading aviation intelligence platform. Book a demo

Photo of aircraft parked in an airport

Webinars14Dec 2021

Emerging trends and new challenges for redelivering aircraft in 2022

Join IBA's asset management and tech experts as they review and discuss new and emerging trends in aircraft and engine leasing redelivery. This session has been produced to provide airlines and lessors with guidance and examples of trends and best practice, the panel will discuss the following topics: What is the forecast for Lease End activity in 2022 and beyond and how does this impact airlines and lessors? To what extent has maintenance reserve claims and exposure increased? Are we seeing new redelivery challenges in the wake of the pandemic? How have transition trends changed? Documentation and Records - what is the future? The slide deck is available to download here. To watch the webinar on demand, click here. If you have any further questions, comments or feedback please get in touch: Phil Seymour. Discover what makes InsightIQ the leading aviation intelligence platform. Book a demo

Rows of grounded aircraft

News & PR08Jul

Aviation Recovery Slowly Gathering Momentum, But Substantial Fleet Remains Grounded

The recovery in air traffic is starting to gather momentum on both international and domestic routes, according to data revealed today by IBA at its half year Market Update.

Emirates cargo plane flying

Articles

Can P2F Conversions fulfil the unprecedented demand for Global Air Cargo?

With the onset of the COVID-19 pandemic, airlines saw the majority (and in some cases all) of their passenger fleets grounded as various lockdowns came into force around world.

Boeing 737

Articles

Is the clock ticking for Power by the Hour deals?

The last year has, even for the aviation industry, been very unusual; traumatic, in fact, for some businesses. The number of high-profile insolvencies at a time of very low demand for aircraft has given rise to a situation where the usual recourse available to lessors, that is repossession of aircraft and then re-leasing or selling the asset, is not available. As IBA reported in October 2020, this environment has resulted in a substantial increase in the number of PBH arrangements being negotiated as an alternative to repossession by lessors and/or rejection or abandonment by airlines. Will the demand for PBH deals persist as the aviation market recovers?

Aeroplane on a runway

Articles

Airport Landing Slot Values; Heathrow Pre- and Post-Covid and the Battle for Airport Slots

Senior Aviation Analyst Youcef Berour Minarro investigates the airport slot market, the impact of Covid-19 at London Heathrow, and the outlook for future slot values. This paper has been prepared to give an overview and insight into the current airport slot market, with specific emphasis on LHR as one of the most traded airports in the world. This article will review the impact COVID has had on LHR and what the IATA slot waiver extensions mean for slot values. IBA are one of only a very few appraisers recognised for airport slot valuations having completed a variety of assignments at airports including London LHR, London Gatwick and New York JFK. In 2015, IBA was involved in Europe's first ever bond tied to airport slots where Virgin Atlantic Airways secured a £220 million secured note transaction using the airline's take-off and landing slots at London Heathrow Airport. The bond was used to invest in new Boeing 787-9 aircraft. The bond had a tenor of 15 years. The notes were split between two tranches: £190 million A1 notes and £30 million A2 notes. The A1 notes have a weighted average life of 12 years, while the A2 notes have a weighted average life of 10 years. This was the first time in European air travel history that airport slots have been leveraged in this way, claiming the Deal of the Year in 2016. In 2020 alone, IBA have been heavily involved in performing a range of valuations for various purposes including slots securitisations, balance sheet purposes and for disposal/acquisition of slots. Download the full report

Aviation Market Analysis

Articles

Managing Your Aircraft Asset in a Lockdown Situation

The traditional asset management practice of a financier or lessor performing an annual inspection of an aircraft and its records has been severely impaired since the pandemic took a grip of the World.

image of Norwegian airlines flying over snowy mountains

Articles

What Will Transatlantic Flights Look Like Post-Recovery?

In mid-January 2021, Norwegian announced it will refocus its operations on European routes and cease long-haul operations as part of its plans to exit the insolvency court. Ever since it started servicing routes between Europe and the United States with its fleet of 32 Boeing 787s, the airline became known for offering customers the opportunity to travel on modern and fuel-efficient aircraft very cheaply.

Image from above the clouds

Articles

Power by the Hour Lease Rates

What are PBH lease rates and are they a good thing? The origins of PBH are from the 1960's when Rolls Royce leased engines by the hour to airlines. Aircraft leasing PBH has appeared before, more often for a short term if an airline was subject to seasonal fluctuations in traffic. Forward 60 years and PBH agreements are trending once again with more and more airlines seeking additional support from lessors. This short article looks at both the benefits and the shortcomings of the PBH revival.

image of Boeing 737 Max

Webinars17Sep 2020

IBA Webinar: How To Approach Transitions And The 737 MAX Return To Service In 2020

To help reduce the impact from limited resources, technical representation and access difficulties, IBA provide an unmissable webinar session that will offer our best practice advice on how to approach transitions in the current market conditions. 2020 has been an unprecedented year for the aviation industry. For the first time in history aircraft lease ends will exceed lease starts. High levels of lease ends, fleet exits, and the challenges of the global pandemic requires more planning and earlier engagement around transitions. Our senior Asset Management team share their unrivalled expertise on the following areas: Current market trends in fleet divestiture, aircraft supply and lease ends How to approach lease re-negotiations and current market rates Managing the 737 MAX return to service Working through redeliveries in 'the new norm' and reviewing best practice The impact on shop visit forecasts and MRO demand This session is a must for Financiers, Lessors and Airlines. The slide deck is available to download here. If you have further questions please get in touch via our contact form.

A fleet of Delta aeroplanes

Articles

Preparing Stored Aircraft For Return To Service (RTS)

The grounding of hundreds of aircraft in the last 7 or 8 months has led to a wave of issues concerning extended periods of parking and storage.

image of a Boeing 737 Max

Articles

Preparing the 737 MAX for its return to service (RTS)

The grounding of Boeing's troubled 737 MAX programme over 16 months ago had an enormous impact on the global aviation industry. Operators, lessors and airports were all impacted by the consequences as well as Boeing themselves. New flight control software has been developed in relation to the, much talked about, Manoeuvring Characteristics Augmentation Systems (MCAS) and a welcome recertification process is now possible. We can allow ourselves to realistically envisage a much-needed conclusion to the aircraft's grounding by Q3 or Q4 2020.

Image of data across a screen

News & PR04Aug

2020 MRO Spend Expected To Drop By More Than 50%

- Spend set to be less than half of US $90bn forecast -- Engine shop visits and spend taking the biggest hit -- Need for innovation and flexible maintenance programs has never been greater -- Lower cost options such as PMA expected to be in demand - 4th August, 2020: With MRO industry revenues directly related to aircraft utilisation, 2020's total MRO spend will be less than half of the approximately $90bn forecasted, according to the leading aviation data and advisory company IBA in its Changing Landscape of the Aftermarket Industry Webinar.

multiple aircrafts ready for boarding

News & PR23Jul

Over 800 Aircraft To Exit Airline Fleets Says IBA

- Aircraft deliveries less than 50% of 2019 levels -- Almost 500 narrowbody cancellations - 90% for Boeing 737 MAX - 23 July, 2020: Over 800 aircraft have been identified as subject to exit from their current airline fleets, according to the leading aviation data and advisory company IBA in its Mid-Year Market Update.

image from the underneath of a plane at an airport

Webinars19Mar 2020

IBA's Webinar - Maintaining and Protecting Asset Values, March 2020

IBA's Asset Management and Technical team share some best practice, and provide guidance that can help to protect aircraft and engine values and ensure that early or unscheduled redeliveries are carefully managed. In the current climate this session is a must for financiers and leasing companies looking to further mitigate investment risk and preserve asset values. Following further restrictions on travel, airlines across the globe are cutting capacity, reducing utilisation and parking aircraft, as well as laying off staff in a bid to reduce costs and weather the repercussions of Covid-19. IBA's Asset Management and Technical team share some best practice, and provide guidance that can help to protect aircraft and engine values and ensure that early or unscheduled redeliveries are carefully managed. In this short and punchy 'how to' session, Phil Seymour, IBA's President, and Ross Armour, IBA's Technical Manager, share best practice, flag watch outs and share war stories. The slide deck is also available to download. If you have further questions, please contact: Phil Seymour

image from above the clouds

Articles

Have operating lease agreements evolved with the industry? February 2020

Two fundamental situations have prompted IBA Group and Split Rock Aviation to reflect on some key 'industry standard' provisions within aviation lease agreements and re-evaluate their applicability and relevance: the 737 Max's grounding and the continued growth of leased aircraft in the industry. With the proportion of commercial aircraft leased now at 44% compared with 56% owned according to IBA's intelligence platform IBA.iQ, and witnessing the aviation industry's handling of the 737 Max's grounding, we have produced the first in a series of articles considering today's operating lease agreement. This segment will assess several industry standard lease agreement positions and test their logic in the current market.

image of an aeroplane flying through the sky

Articles

Revisiting Redeliveries in 2019

Poorly managed redeliveries are a staggering waste of money. Every narrowbody and widebody whose redelivery is inefficiently handled can cost $USD 2 million and $USD 4.5 million respectively. Putting that into context, the unnecessary expenditure would be enough to fund six to eight months' lease rental for each aircraft, a Heavy C Check, or even an engine shop visit.

image of a man inspecting the underside of a small aircraft

Articles

Why Regular Inspections Are A Good Idea, October 2018

As you would expect, aircraft and engines that are well looked after, maintained and inspected regularly will inherently hold their value more than those that are less well managed. To protect and maximise the value of an aircraft or engine, inspections are an essential element of asset management. A thorough inspection should always include an examination of the metal and its associated technical records, since it is the combination of the physical condition and historical records that create the overall value.

Repossessions

aeroplanes lined up at the airport

Articles

3 Challenges faced when returning stored aircraft to service

As the world's widebodies return to the skies, we explore the key challenges of RTS processes, and specific implications for widebody aircraft.

A group of Russian S7 airlines Airbus A320 jet airliner aircraft with airbridge steps attached at an airport

Articles

How many leased aircraft have returned from Russia?

How many leased aircraft have been recovered from Russia by aircraft leasing companies?

Russian Aircraft Taking Off

Webinars02Mar 2022

Ukraine Crisis and the Impact on Global Aviation: Leading the Conversation

IBA's views on the unfolding conflict and the industry exposure. In response to the escalating emergency in Ukraine, IBA's team of experts and guest speakers will discuss and share thoughts on the evolving situation, the impact for industry stakeholders and practical guidance on how best to mitigate risk. Guest speakers George Ferguson, Senior Aerospace/Defense and Airline Analyst at Bloomberg, and Richard Moody will join IBA's Stuart Hatcher, Phil Seymour, Peter Walter and Geoff van Klaveren. Topics include: What is the market exposure across the industry? How could the crisis impact airlines, lessors and banks active in the sector? How could sanctions disrupt the normal financial flows - payments, debt issues, ABS's, and insurance What practical actions are available to the market to mitigate risk? The slide deck is available to download here. To watch the webinar on demand, click here. If you have any further questions, comments or feedback please get in touch: Phil Seymour. Discover what makes InsightIQ the leading aviation intelligence platform. Book a demo

planes lined up at airport

Webinars16Jun 2021

IBA and NRF Masterclass: How to manage repossessions and remarket aircraft

IBA in association with Norton Rose Fulbright offered a free virtual masterclass reviewing best practise for managing lease re-negotiations, remarketing and repossessions. Phil Seymour, IBA's Company President and ISTAT Senior Appraiser Fellow, was joined by a panel of experts, including Robin Springthorpe, Partner at NRF, to share and provide insight and guidance to operators and the finance community. In this hour-long session, the panel discuss current trends for unscheduled returns and defaults, considerations when re-negotiating leases, best practise for remarketing aircraft and how to navigate both the legal requirements and the practical/pragmatic considerations. Key outputs include: Risk levels in the current climate Contingency planning Default and termination rights Notices and lease termination formalities Recovering assets, records and maintain asset value Avoiding unwanted repossession cost Remarketing opportunities Lease re-negotiations Lease clauses Lessons learnt from the pandemic The slide deck is available to download here. If you have any further questions, comments or feedback please get in touch: Peter Walter Discover what makes InsightIQ the leading aviation intelligence platform. Book a demo

Image of a Turboprop aeroplane

Articles

What is the future for Stobart Air's ATR fleet?

Stobart Air ceased operations on Saturday 12th June 2021. A regional carrier operating flights across the UK and Ireland, the Stobart Air fleet consisted of 12 ATR72-600 aircraft and one ATR42-600 aircraft according to data from IBA's InsightIQ platform.

aeroplanes at an airport

Articles

3 Impacts of Covid-19 on Aircraft Repossession and Remarketing Timelines

IBA's Phil Seymour investigates 3 key impacts that Covid-19 has had on the speed and efficiency of aircraft repossession and remarketing. This information was taken from IBA's submission to the report 'Aircraft Repossession Planning - Practical Considerations' produced for Internal Comparative Legal Guides (ICLG) 2021.

image of an aeroplane from above

Webinars18Jun 2020

IBA's Masterclass Webinar: Managing and Preparing for Defaults and Repossessions

In this hour long session, the panel offered guidance and advice to help financiers prepare for unscheduled returns and defaults, outlined how to secure aircraft and engines whilst maintaining asset value and how to navigate both the legal requirements and the practical/pragmatic considerations. Phil Seymour, IBA's Company President and ISTAT Senior Appraiser Fellow, and Oliver Hipperson, Partner at Clifford Chance, were joined by a panel of experts to share and provide insight, best practise and guidance to the finance community on managing unscheduled early redeliveries. The slide deck is available to download here. If you have further questions please contact: Peter Walter

image of 2 men with paperwork walking away from an aeroplane

Articles

The Technical Records Of Your Assets: How Would You Fare In A Friendly Hand Back Or Repossession Situation?

A complete and concise set of service records, properly identifying all required maintenance and modification events, is the indication of an aircraft's condition and the quality of its continuing airworthiness management. It clearly demonstrates the aircraft's compliance with all appropriate safety and lease requirements and its suitability for flight. Service records are essential if the aircraft is to be sold at its maintenance adjusted value or placed on lease with a new lessee.

A fleet of Delta aeroplanes

Articles

Covid-19 Drives Aircraft Oversupply And Reductions In Airline Fleet Sizes, May 2020

As many of you will know, the effects of Covid-19 are going to change the size and makeup of airline fleets, and do so quickly. In the next 20 months, it's possible that many older aircraft types could be universally withdrawn from service, along with significant numbers of older variants of current generation aircraft including the Boeing 777, A330 and A380. IBA, the leading aviation consultancy, estimate there will be an aircraft oversupply of up to 2,500 narrow and widebody aircraft in the market, with global demand, once the current restrictions are lifted, possibly declining by 20% by the end of 2021.

image from the underneath of a plane at an airport

Webinars19Mar 2020

IBA's Webinar - Maintaining and Protecting Asset Values, March 2020

IBA's Asset Management and Technical team share some best practice, and provide guidance that can help to protect aircraft and engine values and ensure that early or unscheduled redeliveries are carefully managed. In the current climate this session is a must for financiers and leasing companies looking to further mitigate investment risk and preserve asset values. Following further restrictions on travel, airlines across the globe are cutting capacity, reducing utilisation and parking aircraft, as well as laying off staff in a bid to reduce costs and weather the repercussions of Covid-19. IBA's Asset Management and Technical team share some best practice, and provide guidance that can help to protect aircraft and engine values and ensure that early or unscheduled redeliveries are carefully managed. In this short and punchy 'how to' session, Phil Seymour, IBA's President, and Ross Armour, IBA's Technical Manager, share best practice, flag watch outs and share war stories. The slide deck is also available to download. If you have further questions, please contact: Phil Seymour

image of the underside of an aircraft at an airport

Articles

IBA's Redelivery Whitepaper: The Picture in 2018

IBA recently updated its analysis around overspend in relation to redeliveries. As the infographic on page 9 highlights, overspends have increased since 2016, with engine costs being the key driver.

Transitions

aeroplanes lined up at the airport

Articles

3 Challenges faced when returning stored aircraft to service

As the world's widebodies return to the skies, we explore the key challenges of RTS processes, and specific implications for widebody aircraft.

Photo of aircraft parked in an airport

Webinars14Dec 2021

Emerging trends and new challenges for redelivering aircraft in 2022

Join IBA's asset management and tech experts as they review and discuss new and emerging trends in aircraft and engine leasing redelivery. This session has been produced to provide airlines and lessors with guidance and examples of trends and best practice, the panel will discuss the following topics: What is the forecast for Lease End activity in 2022 and beyond and how does this impact airlines and lessors? To what extent has maintenance reserve claims and exposure increased? Are we seeing new redelivery challenges in the wake of the pandemic? How have transition trends changed? Documentation and Records - what is the future? The slide deck is available to download here. To watch the webinar on demand, click here. If you have any further questions, comments or feedback please get in touch: Phil Seymour. Discover what makes InsightIQ the leading aviation intelligence platform. Book a demo

A view of a narrowbody aircraft cabin, featuring aircraft seats and passengers

Articles

Narrowbody Aircraft Reconfiguration Trends

We investigated aircraft reconfiguration trends through the lens of two narrowbodies, the Boeing 737-800 and Airbus A320.

An interiorview of a widebody aircraft cabin, with rows of aircraft seats and in flight entertainment screens

Articles

Widebody Aircraft Reconfiguration Trends

We examined widebody aircraft reconfiguration to identify key trends for popular Airbus and Boeing types.

Boeing 737

Articles

Is the clock ticking for Power by the Hour deals?

The last year has, even for the aviation industry, been very unusual; traumatic, in fact, for some businesses. The number of high-profile insolvencies at a time of very low demand for aircraft has given rise to a situation where the usual recourse available to lessors, that is repossession of aircraft and then re-leasing or selling the asset, is not available. As IBA reported in October 2020, this environment has resulted in a substantial increase in the number of PBH arrangements being negotiated as an alternative to repossession by lessors and/or rejection or abandonment by airlines. Will the demand for PBH deals persist as the aviation market recovers?

image of Boeing 737 Max

Webinars17Sep 2020

IBA Webinar: How To Approach Transitions And The 737 MAX Return To Service In 2020

To help reduce the impact from limited resources, technical representation and access difficulties, IBA provide an unmissable webinar session that will offer our best practice advice on how to approach transitions in the current market conditions. 2020 has been an unprecedented year for the aviation industry. For the first time in history aircraft lease ends will exceed lease starts. High levels of lease ends, fleet exits, and the challenges of the global pandemic requires more planning and earlier engagement around transitions. Our senior Asset Management team share their unrivalled expertise on the following areas: Current market trends in fleet divestiture, aircraft supply and lease ends How to approach lease re-negotiations and current market rates Managing the 737 MAX return to service Working through redeliveries in 'the new norm' and reviewing best practice The impact on shop visit forecasts and MRO demand This session is a must for Financiers, Lessors and Airlines. The slide deck is available to download here. If you have further questions please get in touch via our contact form.

image of planes parked at an airport

Articles

Economic Crises and Average Aircraft Downtime Between Lease End Events and Placements; Can the Industry Maintain Downtime's Falling Trend During and After Covid-19?

In recent years, the number of aircraft involved in lease end transactions has been increasing in line with growth of the global aircraft fleet. The volume of aircraft connected with operator failures has also risen over the last couple of years.

A fleet of Delta aeroplanes

Articles

Covid-19 Drives Aircraft Oversupply And Reductions In Airline Fleet Sizes, May 2020

As many of you will know, the effects of Covid-19 are going to change the size and makeup of airline fleets, and do so quickly. In the next 20 months, it's possible that many older aircraft types could be universally withdrawn from service, along with significant numbers of older variants of current generation aircraft including the Boeing 777, A330 and A380. IBA, the leading aviation consultancy, estimate there will be an aircraft oversupply of up to 2,500 narrow and widebody aircraft in the market, with global demand, once the current restrictions are lifted, possibly declining by 20% by the end of 2021.

image from inside an aeroplane, from the back looking forward

Articles

Aircraft Interiors During Lease Return: The Inside Story, February 2020

Why were commercial passenger aircraft ever invented, built, bought and sold or operated? The clue's in the name: the passenger. Many if not most travellers spare scant thought to the feats of engineering behind an aircraft's take-off and landing, not to mention keeping it airborne in between. What they will notice and expect when flying, however, is how the aircraft looks inside and whether it is clean, tidy and comfortable. So, having interiors in the best condition throughout the life of an aircraft is paramount for most operators.

image of an aeroplane flying through the sky

Articles

Revisiting Redeliveries in 2019

Poorly managed redeliveries are a staggering waste of money. Every narrowbody and widebody whose redelivery is inefficiently handled can cost $USD 2 million and $USD 4.5 million respectively. Putting that into context, the unnecessary expenditure would be enough to fund six to eight months' lease rental for each aircraft, a Heavy C Check, or even an engine shop visit.

image of a man inspecting the underside of a small aircraft

Articles

Why Regular Inspections Are A Good Idea, October 2018

As you would expect, aircraft and engines that are well looked after, maintained and inspected regularly will inherently hold their value more than those that are less well managed. To protect and maximise the value of an aircraft or engine, inspections are an essential element of asset management. A thorough inspection should always include an examination of the metal and its associated technical records, since it is the combination of the physical condition and historical records that create the overall value.

image of the underside of an aircraft at an airport

Articles

IBA's Redelivery Whitepaper: The Picture in 2018

IBA recently updated its analysis around overspend in relation to redeliveries. As the infographic on page 9 highlights, overspends have increased since 2016, with engine costs being the key driver.

image of a man building an aircraft engine

Articles

How do OEM Engine Maintenance Contracts Affect the Ability to Remarket Aircraft? September 2017

Aviation commentators have often remarked on the increasing presence of OEMs in the engine aftermarket. This is especially the case when it comes to engine maintenance, and the declining independent MRO solutions available. OEM maintenance contracts offer maintenance stability for operators, but can the widespread adoption of these affect resale values or leasing demands? Charlotte Daniels provides an assessment.

Helicopters

IBA Insight: How are helicopter values performing?

Events29Jun

IBA Insight: How are helicopter values performing?

Join IBA’s Mike Yeomans and Rami Abdel Aziz on Thursday 29th June 15:00 BST for a comprehensive overview of the helicopter market and the latest insights on value performance and trends.

Image of a helicopter flying

Webinars06Dec 2022

Ask the Appraiser: How are Helicopter Values Performing?

IBA presents: Ask the Appraiser. Our series of regular short webinars, designed to deliver you vital updates on how values are performing across the different aviation asset classes. In the final session of the series, join Phil Seymour and Rami Abdel Aziz for an overview of the helicopter market. Watch the recording

Helicopter taking off

Articles

Helicopter Values Guide 2021-22

The commercial helicopter market is a resilient one, founded with well established and experienced stakeholders who are well practiced at managing the inevitable peaks and troughs the industry faces. The phrase 'Keep Calm and Carry On' is well versed, but requires intuition to sense and feel. Whilst 2020 was a year of challenge, it was also a year that the commercial helicopter sector rose to that challenge. Covid19 removed 99% of the fixed wing transport aircraft revenue stream. In contrast, only a fraction of this loss impacted the rotary wing world. Many contracts continued undisturbed despite hygiene requirements and protective screens on helicopters. Sectors such as law enforcement, air ambulance sectors, fire support, SAR, Border Control, Offshore utility and private/VIP continued to operate. Whilst the Coronavirus pandemic doesn't yet have an eradication policy, it Is coming under increasingly effective control that is slowly allowing all to ease back into business unscathed. New helicopter may have slowed, but the need to replace, renew or expand fleets of in-service helicopters continues. Whilst a helicopter might have up to 40 years of revenue earning capacity, it may only be suitable for its primary role for part of this time. Adaptable helicopters (that can be reconfigured economically and with limited time on the ground) are at a premium, and we can see that played out though the popularity of brands and types entering service. Medium helicopters are notably popular as they can be re-configured for secondary roles at minor expense. These are more commonly known as multi-versatile, multi-role assets. Annual totals of new Helicopter deliveries in 2020 were at a 15-year low, yet have recovered by more than 25% by Q3 of 2021. The value of these units delivered has also increased by 25%. Click the link below to download a copy of our Helicopter Values Guide 2021-22 report. Download a Copy

Helicopter Flying

Articles

Aviation Intelligence - India's First Gift City Leasing Company

Vman aviation services have launched in India. Read our analysis of the first aircraft leasing company in the 'Gift City'.

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Webinars19Oct 2020

IBA's Helicopter Market Update, October 2020

Our helicopter team are regularly being asked challenging questions about the helicopter market and the impact of Covid-19. In this short market review, Alastair Fallon (IBA's Helicopter Aviation Analyst) shares our latest insight on: • The composition of the global commercial helicopter fleet - leased Vs owned • Helicopter deliveries - actual and forecast • Helicopter deployment • Current Market Values for a selection of key helicopter types • Future developments The slide deck is available to download here. If you have any further questions, comments or feedback please contact: Alastair Fallon

Image of a Helicopter flying at an angle

Articles

How is Covid-19 Impacting the Helicopter Market Worldwide? June 2020

IBA's Alastair Fallon, Helicopter Aviation Analyst, joined the Helicopter Investor Town Hall Forum on Tuesday 9th June. Within the 60-minute session, the panel of industry experts assessed the health of the helicopter market and discussed how Covid-19 is affecting the different heli markets worldwide.

image of a helicopter on the ground

Articles

Will Covid-19 and Oil Price Cuts Send the Helicopter Market into a Spin?

The WHO has declared the spread of Coronavirus (Covid-19) a global pandemic and we are all bearing the brunt of an information overload from multiple sources via the media advising us how to live, work and travel. BA today announced it will cancel 75% of its flights with Easyjet grounding 100 of its 344 aircraft across Europe. Scheduled and charter fixed wing passenger flights the world over cannot operate.

Image of a helicopter flying

Articles

How Will the Helicopter Market Evolve In 2019?

With the current levels of turmoil and change in the helicopter sector, IBA is regularly being asked challenging questions about the future of the market. Owen Geach, IBA's Chief Commercial Ofﬁcer takes a look at the future of leasing in the helicopter market.

Business Jets

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Events18Oct

Airline Economics New York 2023

IBA's Dr. Stuart Hatcher, Chief Economist, and ISTAT Certified Senior Appraiser is pleased to be a panelist at Airline Economics New York 2023 conference.Stuart will be speaking on the Financing & investing in aircraft & engines at 09:40am on 18th October 2023. If you have any questions in the interim, please contact [email protected]

Business Jet parked at an Airport

Articles

IBA's Business Jet Market Report January 2022

The global business jet fleet numbers almost 23,000 operational aircraft. With the abnormalities seen in business aircraft supply and demand since the start of the Coronavirus pandemic having a significant effect on the market, IBA's Business Jet report shine a light on current market trends in business aircraft. Some key takeaways include: Though slow and cautious at the start of the pandemic, the Bizjet market has proven resilient andprosperous whilst wider commercial aviation has suffered There is high demand for business jets, and we find ourselves in a fast-paced environment in 2022 This high demand, coupled with low supply, has led to a seller's market Inflated Bizjet values are likely to return to normal as commercial aviation continues to recover ESG targets are likely to prove a key challenge to the market over the coming years Download the full report

Lease Rates

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Articles

New generation widebody lease rates are rising

New generation widebody lease rates are rising with some lag and more subdued value gains, according to data revealed by Phil Seymour,  Mike Yeomans, and Jonathan McDonald in our recent webinar. The latest trends in new generation widebody aircraft values and lease rates. Source: IBA Insight. The Airbus A350-900 was at US$925,000 per-month in January 2021 with an increase to US$954,000 per-month in January 2023. We predict this will have risen to US$1,007,000 per-month by July 2023.   Base value movements are more varied for new generation widebody aircraft. The Boeing 7879, 787-10, Airbus A350-900 and A350-1000 continue to grow, whereas the 787-8 and A330-900 fell between 2019 and 2022 (but stabilised into 2023). The latest mid-life widebody aircraft value and lease rate trends. Source: IBA Insight The base value decline for mid-life widebody aircraft has eased with the prospect of some market value recovery through the first half of 2023. A 12-year-old A330-300 was valued at US$20.04 million in 2022, and is predicted to drop to US$19.967 million in 2023. Some mid-life widebody lease rates are increasing, with a 12-year-old B777-300ER sitting at US$314,000 per-month in October 2022 and predicted to rise to US$350,000 per-month by July 2023.  Don’t miss our latest webinars Stay tuned for our forthcoming webinars covering new and existing asset classes. In the coming months we be taking a deep dive into value trends for Engines, EVTOLs, business jets, helicopters, and freighters. Follow us on LinkedIn for updates on our next webinar.  Discover our market-leading aircraft valuations services IBA has one of the largest teams of certified senior appraisers in the industry. We provide independent advice on wide-ranging, complex asset valuation requirements. From strategic fleet selection, transaction due diligence, portfolio appraisal, and operational decision-making through to annual portfolio and financial compliance monitoring, we'll have you covered! IBA is proud to be the Appointed Appraiser for COMAC ARJ21 Programme.  Find out more about IBA Valuations

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Webinars13Jan 2023

IBA's Market Update Webinar January 2023

Join IBA for an update on current and future trends across the global aviation industry.

Aeroplanes at an airport

Webinars12Sep 2022

IBA's Webinar: What does the future hold for Aviation in the Americas?

What's the outlook for Aviation in the Americas? Join IBA, the 2022 Appraiser of the Year, for the latest update on current and future trends and activity across the American aviation industry.Listen in to our panel of experts; Dr. Stuart Hatcher, Chief Economist, Mike Yeomans, Director – Valuations and Consulting, and Jack Ambrose, Regional Sales Manager (Americas) as they uncover, review and discuss key trends across aviation finance. This session was specifically designed to provide valuable insight that will support the aviation community in the Americas to identify market opportunities, structure deals, and mitigate risk within the current market. Topics include: Macro-economic update – inflation, interest rates, currency, oil price & airline failures Airline activity – US, South American, and Canadian Airlines performance OEM activity – latest on orders Valuation trends & trading activity – Asset performance in 2022 and beyond The slide deck is available to download here. To watch the webinar on demand, click here. If you have any further questions, comments or feedback please get in touch: Jack Ambrose. Discover what makes IBA Insight the leading aviation intelligence platform. Book a demo

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Webinars22Jul 2022

IBA's Mid-Year Market Update Webinar

Join IBA, the 2022 Appraiser of the Year, for an update on current and future trends across the global aviation industry.Listen in to our panel of experts; Phil Seymour, Geoff van Klaveren, Mike Yeomans and Dan Taylor as they uncover, review and discuss trends across aviation finance. This essential update will enrich your understanding of key market indicators and trends as our experts share their insight and opinion on what to expect for the remainder of 2022 and beyond. Topics include: Macro-economic update – how are the changes in inflation, interest rates, currency, and oil price impacting the aviation community? Capacity – what demand are we seeing for PAX and cargo? Asset values – how are aircraft values and lease rates performing? Aircraft deliveries and trading activity – what are the latest trends? Airline profitability – what is the outlook for the remainder of 2022 and beyond? The slide deck is available to download here. To watch the webinar on demand, click here. If you have any further questions, comments or feedback please get in touch: Geoff van Klaveren. Discover what makes IBA Insight the leading aviation intelligence platform. Book a demo

Boeing 737

Articles

Is the clock ticking for Power by the Hour deals?

The last year has, even for the aviation industry, been very unusual; traumatic, in fact, for some businesses. The number of high-profile insolvencies at a time of very low demand for aircraft has given rise to a situation where the usual recourse available to lessors, that is repossession of aircraft and then re-leasing or selling the asset, is not available. As IBA reported in October 2020, this environment has resulted in a substantial increase in the number of PBH arrangements being negotiated as an alternative to repossession by lessors and/or rejection or abandonment by airlines. Will the demand for PBH deals persist as the aviation market recovers?

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News & PR12Feb

IBA Sees Least Dilution In New Gen Aircraft Values With A320neo Outpacing 737 Max

New generation widebody and narrowbody aircraft have seen only modest declines in their market values despite the enormous challenges of Covid-19, according to leading aviation industry consultant IBA.

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News & PR02Nov

Aviation Shifting From Initial Covid Impact To Longer Term Survival Strategies, Says IBA

- Airlines remain loss-making, but some quarter on quarter improvements - - Fleet exits continuing, but younger aircraft value drops limited - - Modest recovery in some domestic markets, but load factors low - - OEM production rates constrained, with MAX return set to shift market dynamics -

image of financial data on a graph

News & PR02Nov

IBA Launches New Aviation Intelligence Platform, InsightIQ

2nd November, 2020: IBA, the leading aviation data and advisory company, today announces the launch of its new one-stop aviation intelligence platform, InsightIQ. The platform combines speed, accuracy, visual analytics and intuitive navigation to deliver actionable insight from comprehensive, integrated aviation data.

Image from above the clouds

Articles

Power by the Hour Lease Rates

What are PBH lease rates and are they a good thing? The origins of PBH are from the 1960's when Rolls Royce leased engines by the hour to airlines. Aircraft leasing PBH has appeared before, more often for a short term if an airline was subject to seasonal fluctuations in traffic. Forward 60 years and PBH agreements are trending once again with more and more airlines seeking additional support from lessors. This short article looks at both the benefits and the shortcomings of the PBH revival.

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News & PR16Oct

IBA Appointed ARJ21 Programme Appraiser By COMAC

16th October, 2020: The Commercial Aircraft Corporation of China (COMAC) has appointed IBA as the appraisal firm for its ARJ21 programme.

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News & PR18Sep

Over 1,000 Aircraft Set To Return To Lessors In 2021 Without New Homes Says IBA

- Incident-free return to service crucial for 750+ MAXs currently on ground - 18th September, 2020: The commercial aircraft leasing market is set for considerable turmoil in 2021 with over 1,000 aircraft set to be returned to lessors without clear options for onward placement.

image of Boeing 737 Max flying

Articles

Depressed Outlook for 737 MAX Lease Rates

Whilst 737 MAX sale and leaseback rates look set to strengthen in the near term, the future looks bleak for direct lease rates. As far back as the mid 2018s, lessors were experiencing difficulty placing the MAX, resorting to placements with weaker credit airlines at increasingly softer rates. By the end of the 2018s, rates had dipped as low as $270,000 - $280,000 and, as 2019 dawned, even before its grounding many lessors and operators were questioning the MAX's value against the comparative attraction of its 737-800 sibling.

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News & PR28May

IBA Highlights Resilience of Regional Jet and Turboprop Aircraft Values but Performance Variation Due to Secondary Market Supply

29th May, 2020: IBA, the leading independent aviation consultancy, is optimistic about the resilience of regional jet and turboprop aircraft values, but expects value and lease performance to vary based on secondary market supply for specific models.

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Webinars25May 2020

IBA Webinar: Covid-19 - Regional and Turboprop Aircraft Values

The panel shared their opinion on likely market performance in the near and long term, identified which asset types are more vulnerable and flagged those that are more resilient to current conditions. Our senior ISTAT appraiser team reviewed the impact from Covid-19 on future asset performance for specific Regional and Turboprop aircraft.Session highlights included reviewing market supply and demand, fleet plans, scope clauses plus values and lease rate guidance for aircraft and engines. The session also allowed for 20 minutes of Q&A, enabling our audience to put their burning questions to the panel. The slide deck is available to download here. If you have further questions please contact: Mike Yeomans or David Archer

Image of data across a screen

Articles

Historical Lease Rate Performance - 777-300ER. January 2020.

As production draws to a close and the line moves over to the 777X, IBA's award winning appraisal team looks at the long term Lease Rate Performance for the 777-300ER. As of 30th January 2020, IBA's data intelligence platform IBA.iQ shows the 777-300ER fleet with 800 active aircraft, 18 parked/stored/damaged and 37 on backlog with zero part-outs.

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Articles

IBA's Lease Rate Analysis - A330-300. December 2019

The widebody leasing market is less fluid than that for narrowbodies and is heavily controlled by sale leasebacks for new deliveries. The market started its recovery from a post 9/11 slump in 2003 and this resurgence was affected by the global financial crisis only slightly. Since 2015, however, excess capacity has exerted immense pressure on rates in the market. Bankruptcies, fleet management decisions and lease ends, particularly young lease ends, have each played a part.

image of areoplanes at an airport

Articles

Historical Lease Rate Performance - A320ceo v 737-800. December 2019

Historically, new delivery market lease rates have correlated well with 5-year swap rates, usually with a 6 to12-month lag. However, recent IBA research revealed that, despite rate increases since 2016, market lease rates have in contrast declined. We examined lease performances of the A320ceo and 737-800 both when new and at 10 years and summarise our key findings as follows:

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Articles

How Low Will A330 Lease Rates Go?

The A330ceo is now in its replacement phase. Secondary market availability and storage are relatively high and the A330-200 in particular has been in oversupply for some time. Powered by IBA.iQ, our advisory teams have seen lease rates soften in recent years. The wave of pre-GFC delivered aircraft have returned from their initial leases which has put downward pressure on rentals in the market.

image of a man looking inside an aircraft engine

Articles

What to Look for When Valuing an Engine, March 2018

Determining the value of an engine at different phases of its life-cycle requires consideration of a variety of factors, particularly engine maintenance value and engine core value. Depending on the phase of the engine's life, options to the owner include repair or overhaul to put value back into the asset; or, alternatively, green-time sale, tear-down and part-out of used serviceable material in order to extract remaining value from the engine. Maintenance value accounts for the value of life-limited parts (LLPs) and the value associated with the on-wing time before requiring a performance restoration.

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Articles

IBA's Redelivery Whitepaper: The Picture in 2018

IBA recently updated its analysis around overspend in relation to redeliveries. As the infographic on page 9 highlights, overspends have increased since 2016, with engine costs being the key driver.

Airline Credits

runway ahead sign

Articles

Aviation Intelligence - Does a Global Crisis Drive Airline Start-ups?

While it is becoming clear that the post-pandemic market is providing an opportunity, are global crises in general a breeding ground for brave and bold start-ups?

A man behind a screen of data, reaching to touch a plane

Articles

What is the Future of Korean Aviation Post Covid and is There the Potential of a Monopoly Mega Airline?

2021 started weakly for the Korean aviation market, revenue passenger kilometres (RPKs) in January were 72% lower than the same month in 2019 according to IATA and our own InsightIQ Flights analysis. In this detailed report, Finlay Grogan, IBA airlines analyst, uses InsightIQ data to research and evaluate Korean airline performance, including financial reviews, fleet structures, utilisation levels, carbon emissions and future performance and consolidations.

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Articles

How Will Enduring Flight Restrictions Cloud Performance Of Wizz Air's Planned Schedule?

The pandemic's disruption of planned airline operations has returned in recent weeks, a number of countries in Western Europe entering their second lockdown of the year. In this short piece, we leverage Flight data from IBA's powerful new intelligence platform, InsightIQ, to examine the extent to which Wizz Air (UK & Hungary) has fulfilled its published schedule.

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Articles

Failure Rates For Airlines Has Remained Flat To The End Of October But What Does The Future Hold?

Using InsightIQ's analytics, in this analysis we have focused on airlines with aircraft having more than 25 seats and the primary concern is with fixed costs. A combination of cash reserves, payment holidays and government aid is being used for survival. Inevitably, as the crisis persists, the ability to repay debt becomes more remote.

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News & PR02Nov

Aviation Shifting From Initial Covid Impact To Longer Term Survival Strategies, Says IBA

- Airlines remain loss-making, but some quarter on quarter improvements - - Fleet exits continuing, but younger aircraft value drops limited - - Modest recovery in some domestic markets, but load factors low - - OEM production rates constrained, with MAX return set to shift market dynamics -

drawing of an aeroplane flying down to the right followed by a trail left behind

Articles

Will Government Support Stave Off Second Wave Operator Casualties?

Using IBA's Operator Score for a sample of operators, we spotlight COVID-19's influence on the aviation industry and analyse government support for airlines as a proportion of their net profit, comprehensive margin and cash position. Below, IBA shares its opinion on government intervention to help airlines overcome the risks associated with COVID-19's downturn.

drawing of an aeroplane flying down to the right followed by a trail left behind

Articles

Q3 of 2020 Will Bring More Airline Failures Once Lifelines and Cash Reserves are Depleted

Using data from IBA.iQ, the chart below illustrates the impact of the current crisis on airline failure rates. For 2020, failures have intensified and survival of the fittest now depends on factors such as cash reserves, payment holidays and government aid until such time as the market re-opens and passenger demand returns.

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Articles

IBA's Operator Risk Assessment - Aerolineas Argentinas December 2019

Full visibility of an asset's performance and value is essential in order to maximise returns. Oversupply, residual concerns and high fuel prices are all contributing to a more fluid picture than in recent years, making asset selection more critical.

Coronavirus (Covid-19)

aeroplanes lined up at the airport

Articles

3 Challenges faced when returning stored aircraft to service

As the world's widebodies return to the skies, we explore the key challenges of RTS processes, and specific implications for widebody aircraft.

An image showing a yellow Spirit Airlines Airbus A320neo aircraft on the ground at an airport

Articles

Low cost airline capacity to grow past pre-Covid levels in 2022

IBA has forecasted a sharp recovery in capacity and demand in our recent commercial aviation market update.

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Webinars29Jul 2021

Tracking the global recovery - Narrowbody and Widebody values update

What is the trajectory of commercial aircraft values around the world? In our upcoming webinar, our experts will be sharing their views plus the latest market intelligence from InsightIQ on the speed of recovery, future value performance and what the implications are for aviation finance globally. Listen in to our panel of experts; Mike Yeomans, Director - Valuations and Phil Seymour, Company President, as they uncover, review and discuss global trends across aviation finance. Using intelligence from InsightIQ, topics covered include: Regional Recovery Commercial Aircraft: How will aircraft values and lease rates move across narrrowbody and widebody aircraft? What are the driving forces behind future market movements? How and why have different ages and generations of aircraft been affected differently? What is IBA's opinion on what might happen for Q3/4 2021? The slide deck is available to download here. If you have any further questions, comments or feedback please get in touch: Phil Seymour Discover what makes InsightIQ the leading aviation intelligence platform. Book a demo

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Webinars09Jul 2021

IBA's Aviation Market Update - July 2021

The start of the aviation recovery is proving to be inconsistent. Some markets are being constrained by a combination of new virus variants, continued local restrictions, infection rates and the varying pace of vaccine rollouts, whilst other regions are experiencing solid levels of domestic traffic recovery. Join IBA, the 2021 Appraiser of the Year, for an update on current and future market trends across the globe. Listen in to our panel of experts; Stuart Hatcher, Chief Revenue Officer, Mike Yeomans, Director - Valuations and Phil Seymour, Company President, as they uncover, review and discuss global trends across aviation finance. Using intelligence from InsightIQ, topics covered include: How fast are markets recovering? How are OEMs performing and are we seeing order swaps? What are the latest transactions trends? What are the lease expiry dates forecasting? How are aircraft values and lease rates performing? The slide deck is available to download here. If you have any further questions, comments or feedback please get in touch: Phil Seymour Discover what makes InsightIQ the leading aviation intelligence platform. Book a demo

Rows of grounded aircraft

News & PR08Jul

Aviation Recovery Slowly Gathering Momentum, But Substantial Fleet Remains Grounded

The recovery in air traffic is starting to gather momentum on both international and domestic routes, according to data revealed today by IBA at its half year Market Update.

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Articles

Airline Industry Analysis: The Impact of Oil Prices & Coronavirus

The historic correlation between high oil prices and airline failures is a proven trend. Combined with Coronavirus, they represent a clear and present danger to airlines.

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Articles

Aviation Trends: Booking Spike Shows High Demand For Travel

Data from IBA's InsightIQ platform has revealed strong regional variations in flight data and recovery of load factors.

aeroplanes at an airport

Articles

3 Impacts of Covid-19 on Aircraft Repossession and Remarketing Timelines

IBA's Phil Seymour investigates 3 key impacts that Covid-19 has had on the speed and efficiency of aircraft repossession and remarketing. This information was taken from IBA's submission to the report 'Aircraft Repossession Planning - Practical Considerations' produced for Internal Comparative Legal Guides (ICLG) 2021.

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Webinars26May 2021

IBA & KPMG's Webinar: State of the Industry Debate; Will the Northern Hemisphere be clear for take off this summer?

IBA in partnership with KPMG, join forces to explore key market indicators for the aviation industry. Together, the panel discuss global market performance and the outlook for the coming months. Will the traditionally busy Northern Hemisphere summer deliver for the industry? Using InsightIQ aviation intelligence, join Phil Seymour, Mike Yeomans from IBA, and Kieran O'Brien from KPMG, as they discuss the following questions: What are the current key industry trends across regions? Will we see more consolidation in the leasing space? What is the outlook for airlines in the next 6 month? Will the "new" ABS structures improve credit risk and cash retention? Are asset values stabilising? Is the industry preparing for tighter ESG within aviation? The slide deck is available to download here. If you have any further questions, comments or feedback please get in touch: Mike Yeomans Discover what makes InsightIQ the leading aviation intelligence platform. Book a demo

aeroplane on a runway

Articles

Sandstorm Fails to Blow China's Post-Covid Recovery Off Course: But Aviation Manufacturers Must Develop Equipment More Resistant to Harsh Conditions

Denesz Thiyagarajan, Engine Analyst, IBA Advisory, uses InsightIQ intelligence to explore the potential impact of weather conditions in Northern China on Engine performance and utilisation.

Aeroplane on a runway

Articles

Airport Landing Slot Values; Heathrow Pre- and Post-Covid and the Battle for Airport Slots

Senior Aviation Analyst Youcef Berour Minarro investigates the airport slot market, the impact of Covid-19 at London Heathrow, and the outlook for future slot values. This paper has been prepared to give an overview and insight into the current airport slot market, with specific emphasis on LHR as one of the most traded airports in the world. This article will review the impact COVID has had on LHR and what the IATA slot waiver extensions mean for slot values. IBA are one of only a very few appraisers recognised for airport slot valuations having completed a variety of assignments at airports including London LHR, London Gatwick and New York JFK. In 2015, IBA was involved in Europe's first ever bond tied to airport slots where Virgin Atlantic Airways secured a £220 million secured note transaction using the airline's take-off and landing slots at London Heathrow Airport. The bond was used to invest in new Boeing 787-9 aircraft. The bond had a tenor of 15 years. The notes were split between two tranches: £190 million A1 notes and £30 million A2 notes. The A1 notes have a weighted average life of 12 years, while the A2 notes have a weighted average life of 10 years. This was the first time in European air travel history that airport slots have been leveraged in this way, claiming the Deal of the Year in 2016. In 2020 alone, IBA have been heavily involved in performing a range of valuations for various purposes including slots securitisations, balance sheet purposes and for disposal/acquisition of slots. Download the full report

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Articles

The Evolving Structure of Japan's Aviation Market

Lewis Leslie, Senior Aviation Analyst, IBA Advisory, uses InsightIQ Fleets and Values intelligence to explore the structure of the Japanese aviation market. Executive Summary 19% of the Japanese in-service aircraft fleet remains either parked or stored. Aircraft utilisation by Japanese airlines has not yet recovered to pre-Covid levels, in line with global utilisation trends. However, the Japanese aviation market is robust and well-placed for growth opportunities in the Asia-Pacific region in coming years. Large scale fleet renewal is expected within the next 10 years, but the rate of replacement is uncertain due to delays to the Boeing 737 MAX. Sale and Leasebacks accounted for the majority of secondary market transactions in 2020 through to March 2021, with nine recorded. The volume of JOLCO transactions fell last year but is expected to recover as demand for new aircraft returns.

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News & PR29Apr

IBA Outlines Global Aviation Trends To Japanese Investment Community

IBA, the leading aviation data and advisory consultancy, has delivered a presentation on the key trends impacting the global aviation sector to the Japanese investment community.

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Webinars27Apr 2021

IBA's Aviation Market Update Webinar - Japan

IBA, the 2021 Appraiser of the Year, provide an overview of the Japanese aviation market. In this session IBA discuss trends across aviation finance in Japan and Asia Pac. Using analysis from InsightIQ, join Stuart Hatcher, Chief Revenue Officer, Mike Yeomans, Director - Valuations and John Duley, Business Development Manager - Asia, as they discuss the following topics: Aircraft value performance The changing face of Airline Fleets Possible Airline Failures OEM activity What are the changing trends in Retirements? Transactional Activity - Trading Sales and Capital Activity The slide deck is available to download here. If you have any further questions, comments or feedback please get in touch: John Duley

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Videos & Podcasts

How Does the Covid-19 Crisis Compare to Previous Downturns, and What Does the Future Hold?

The impact of the global Covid-19 pandemic has been unprecedented, affecting all aspects of the aviation industry, but how does this compare to previous downturns? Using InsightIQ Fleet, Values and Trends data, IBA's Jie Zhou, Senior Aviation Analyst, compares the impact of Covid-19 to previous downturns (including 9/11, the SARS crisis and the global financial crisis) and discusses future market opportunities. Topics covered include; the impact on orders by region, composition, retirement trends, market values and deliveries. The slide deck is available to download here. If you have any further questions, comments or feedback, please contact: Jie Zhou

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News & PR12Mar

Aircraft Engine Market Regaining Revs, But Lengthy Recovery Timefame Says IBA

The aircraft engine market is showing early signs of recovery from the worst effects of the Covid-19, but is not set to return to pre-pandemic levels until the mid-2020s, according to leading aviation data and advisory company IBA.

A fleet of Delta aeroplanes

Articles

Will The Embattled DHC8-400Q Fleet Survive Covid-19?

Finlay Grogan, an aviation analyst at IBA advisory, looks back at the historic performance of the DHC8-4000 fleet and how the programme has been challenged in more recent times. What does the future hold for this Canadian built aircraft?

Stationary Freighter Fleet

News & PR26Feb

IBA Sees Sustained Growth In Freighter Aircraft Demand But Suppressed Values

Demand for freighter aircraft continues to grow strongly as a result of Covid-19, but values and lease rates remain suppressed by an oversupply of feedstock aircraft, according to leading aviation industry consultant IBA.

The engine of an aircraft

Webinars25Feb 2021

IBA's Webinar: All you need to know about Freighter values in 2021

Gain a clearer understanding of the value of your freighter assets and the driving forces behind value and lease rate changes. Join IBA's experienced and award-winning valuation specialists for our new webinar series. In the second of three sessions, our ISTAT qualified appraiser panel will focus on the freighter market. The panel discusses the following questions and topics: How have IBA's asset values and lease rates moved for freighter aircraft? What are the driving forces behind IBA's recent market movements? How strong is conversion demand across the different programmes? What feedstock is available and how competitive is the pricing? What is IBA's opinion on what might happen in 2021? The slide deck is available to download here. We hope you find the session insightful and relevant to your operations. If you have any further questions, comments or feedback please get in touch: Jonathan McDonald

Domestic plane travelling over new year

Articles

China's Strong Domestic Air Travel Has Stalled Over The Lunar New Year

InsightIQ data revealed China has experienced a drop in domestic air travel in the fifteen-day period prior to the Lunar New Year compared to the same period in 2020. Following the resurgence of new Covid-19 cases in early January, new travel restrictions and subsequent lower demand for domestic travel have meant deep capacity cuts from local airlines.

Aviation Market Analysis

Articles

Managing Your Aircraft Asset in a Lockdown Situation

The traditional asset management practice of a financier or lessor performing an annual inspection of an aircraft and its records has been severely impaired since the pandemic took a grip of the World.

Aeroplane flying over city

News & PR12Feb

IBA Sees Least Dilution In New Gen Aircraft Values With A320neo Outpacing 737 Max

New generation widebody and narrowbody aircraft have seen only modest declines in their market values despite the enormous challenges of Covid-19, according to leading aviation industry consultant IBA.

IBA's New Webinar Series: All you need to know about Aircraft Values in 2021

Webinars10Feb 2021

IBA's New Webinar Series: All you need to know about Aircraft Values in 2021

Gain a clearer understanding of the value of your aircraft assets and the driving forces behind value and lease rate changes. Join IBA's experienced and award-winning valuation specialists for our new webinar series, 'Rising To The Challenge of Covid-19'. The panel discusses the following questions and topics: How have IBA's aircraft values and lease rates moved across the asset classes- narrowbody, widebody and turboprops? What are the driving forces behind IBA's recent market movements? How and why have different ages and generations of aircraft been affected differently? What are the justifications for IBA's Base Value changes? What is IBA's opinion on what might happen in 2021? The slide deck is available to download here. We hope you find the session insightful and relevant to your operations. If you have any further questions, comments or feedback please get in touch: Mike Yeomans

Key Aviation Themes For 2021: Where To Find Signs Of Optimism

Articles

Key Aviation Themes For 2021: Where To Find Signs Of Optimism

In our 2021 forecast for the year ahead, Dr Stuart Hatcher, Chief Revenue Officer at IBA, shares IBA's opinion on traffic, transactions, asset values and airline failures in 2021. 'Now that 2020 is behind us, we can begin to look forward to 2021 and beyond; we can consider whether there are signals we can be optimistic about. A long, slow vaccination process is underway but, although this is a positive development, when do we realistically foresee the current market's harsh conditions will start to ease?'

image of Norwegian airlines flying over snowy mountains

Articles

What Will Transatlantic Flights Look Like Post-Recovery?

In mid-January 2021, Norwegian announced it will refocus its operations on European routes and cease long-haul operations as part of its plans to exit the insolvency court. Ever since it started servicing routes between Europe and the United States with its fleet of 32 Boeing 787s, the airline became known for offering customers the opportunity to travel on modern and fuel-efficient aircraft very cheaply.

Image of plane tracking data on a world map

News & PR19Jan

IBA Forecasts Partial Aviation Recovery In 2021 With Major Regional Variations

- Significant changes in OEM order and delivery shares, storage levels, market levels and lease rates - The advent and rollout of vaccines will start to drive a partial recovery in the aviation sector in 2021, but with significant variance between global regions, according to new data from IBA.

Image of an aeroplane wing and engine

Articles

US Airlines Record Strong Increase In Capacity

Using data from IBA's intelligence platform InsightIQ, we can research and analyse flight data to show changing trends in capacity across regions, operators, city pairs and by aircraft type.

image of lots of lights through glass

Webinars15Jan 2021

IBA's Market Update Webinar Jan 2021

Significant uncertainty will remain in 2021, but the global aviation industry remains agile and resilient to weather future challenges in 2021 and beyond. Join IBA, the 2020 Appraiser of the Year, for a Market Update as we uncover, discuss, and predict trends across aviation finance for the year ahead. This webinar is a must for the aviation community looking for comprehensive, accurate and up-to-date market insight. Topics covered include: IBA's aircraft values The changing face of airline fleets Possible airline failures The road to recovery OEM activity What are the changing trends in retirements? Transactional activity Trading sales and capital activity The slide deck is available to download here. If you have any further questions or comments, please contact Mike Yeomans.

image of an aeroplane wing blocking the sun behind

Articles

Aircraft Fleet Evolution - Lufthansa and Delta

Using fleet data from IBA's intelligence platform InsightIQ, it's possible to review how airline fleets are evolving and changing over time. Using Lufthansa and Delta as examples, our analysts explore and illustrate the size of the in-service fleet in January 2020 compared to 2021.

image of an aeroplane flying above buildings

Articles

What Are the Current Utilisation Levels for the 777 Family and Predicted Attrition?

As you will be aware, the withdrawal of passenger capacity from the market has driven extraordinary demand for dedicated freighters. Some passenger aircraft have been temporarily converted and freight movements have strengthened. Using flight data from IBA's Intelligence platform InsightIQ, we can illustrate the utilisation of the 777 Boeing Family.

image of an aeroplane engine

Webinars10Dec 2020

IBA's Webinar - How To Build Resilient Engine Management Programmes For The Road To Recovery

The positive news of several Covid-19 vaccines and various testing regimes have spread optimism that travel restrictions will soon ease, passenger confidence will return and the economic impact dissipates quickly in 2021. Whilst we hope for all of these things, it's likely there will be further challenges ahead and there will certainly be a variety of recovery patterns across the globe. Join speakers from IBA for a review of how to effectively manage engine assets to build a resilient and cash preserving strategy that supports the road to recovery. Topic discussed include: Shop visit forecasts Differing scenarios How resilient is the engine market? The importance of spare engine ratios Do maintenance reserves need to be reviewed? Engine SV options Material use and build standards? What is the trade-off between cash preservation v time on wing Impairments - IFRS16 and 36 issues What will fuel aviation's green future? The slide deck is available to download here. If you have any further questions or comments please contact: Mal Cowley or David Archer

image of an aeroplane on the runway

Articles

Will Blue Skies Greet Flybe's Re-Emergence?

Flybe was one of the earliest airline victims of the Coronavirus pandemic, ceasing commercial operations in March 2020. With recent news of a potential revival, IBA explores the former Flybe fleet in terms of redeployment, asset value and the status of the restart.

A fleet of Delta aeroplanes

Articles

High Aircraft Storage Levels Will Continue Throughout 2021

The shocking outbreak of the Covid-19 pandemic at the beginning of 2020 initiated events that would rock the commercial aviation industry and guarantee the restructuring of even the largest airlines.

Image of plane tracking data on a world map

Articles

Will a Covid-19 vaccine change what's in store for the A380?

The Airbus A380 is one of the aircraft types worst affected by the Coronavirus pandemic, 87% of the fleet currently parked or stored according to InsightIQ, IBA's online intelligence platform. The following chart illustrates the A380's present fleet status:

Image of an aeroplane wing and engine

Articles

Failure Rates For Airlines Has Remained Flat To The End Of October But What Does The Future Hold?

Using InsightIQ's analytics, in this analysis we have focused on airlines with aircraft having more than 25 seats and the primary concern is with fixed costs. A combination of cash reserves, payment holidays and government aid is being used for survival. Inevitably, as the crisis persists, the ability to repay debt becomes more remote.

image of a plane in a blue sky

Articles

Is Capacity Growth Improving in Russia and China?

Over the last 12 months, passenger flights experienced some resurgence as we approached the Northern Hemisphere's summer. Many people managed to get a summer holiday and the freight market remained solid.

image of financial data on a graph

Webinars29Oct 2020

IBA's Market Update Webinar, October 2020

The global aviation marketplace will continue to encounter stress and multiple challenges in 2020 and beyond. Join IBA, the 2020 Appraiser of the Year, for a Market Update as we uncover, discuss and predict market trends across the industry and aviation finance. This webinar is a must for the aviation community looking for comprehensive, accurate and up to date market insight. Topics covered include:• The changing face of Airline fleets• Possible Airline Failures• How are fleets being deployed• Will the MAX make a strong recovery?• OEM update• What are the changing trends in retirements• Transitional activity - trading sales and capital activity• What to expect in IBA's next major value update The slide deck is available to download here. If you have further questions please contact: Phil Seymour

Image of a Helicopter flying at an angle

Videos & Podcasts

IBA & LCI Podcast: The Helicopter Market and the Impact of Covid-19

Phil Seymour, IBA's President and Head of Advisory, and Crispin Maunder, Executive Chairman of LCI, come together to discuss the helicopter market and the impact of the global Covid-19 pandemic. With a combined experience of nearly 100 years in aviation, the pair discuss how Covid-19 has impacted the helicopter sector, drawing comparison to the fixed wing market. If you have any further questions, comments, or feedback on the topics discussed please contact Phil Seymour.

Man looking at engine

Articles

Engine Shop Visit Demand

Pre-Covid, IBA forecast strong growth across the entire aftermarket: narrowbodies, widebodies and regional aircraft. There was an expanding fleet, heightened utilisation and increased demand for shop visits. The situation has evidently altered enormously and the most vulnerable assets, mature widebodies, will be the first to be withdrawn from shop visits.

Wing of plane mid flight

Articles

Narrowbody Engine Market Performance

When it comes to recovery, the short haul market will be first and there are some positive signs, many engines re-entering service in North America, Europe and Asia. However, despite increased flight volumes and resultant higher engine utilisation, load factors remain low. Border restrictions persist across all regions and passenger confidence to travel continues to challenge.

drawing of an aeroplane flying down to the right followed by a trail left behind

Articles

Will Government Support Stave Off Second Wave Operator Casualties?

Using IBA's Operator Score for a sample of operators, we spotlight COVID-19's influence on the aviation industry and analyse government support for airlines as a proportion of their net profit, comprehensive margin and cash position. Below, IBA shares its opinion on government intervention to help airlines overcome the risks associated with COVID-19's downturn.

drawing of an aeroplane flying down to the right followed by a trail left behind

News & PR07Oct

Aircraft Values In Distress Says IBA As Covid Drives Down Demand

- Airline commercial aircraft fleet drops $60 billion in value - 7th October, 2020: There is a growing divergence between aircraft base and market values as the global effects of the Covid-19 pandemic drive down demand, according to data from leading independent aviation consultancy, IBA.

image of an aircraft engine

Webinars29Sep 2020

IBA Webinar: The New Curve; Engine Market Update

IBA's Engine Market Update is designed specifically around the business needs of Investors, Lessors, Operators and Financiers looking to understand the performance of the Engine market and the flight path to recovery. This session provides valuable insight to help the aviation community identify market opportunities, structure deals and mitigate risk in the wake of COVID-19. IBA's Phil Seymour, President and Head of Advisory, David Archer, Senior Engine Analyst and Jamie Davey, Engine Analyst, share their insight on: Engine value resilience and the flight path to recovery Shop Visit Forecast modelling and the impact on the aftermarket, values and lease rates How have OEMs been supporting the industry Fleet trends of the most popular engine types during COVID-19 Engine performance - Value and Lease Rate update The slide deck is available to download here. If you have further questions please contact: David Archer

Image of data graphs

Videos & Podcasts

Asian Aviation In Conversation with Phil Seymour of IBA

Phil Seymour, IBA's Company President, had the pleasure of joining Matthew Driskill from Asian Aviation for a discussion on the industry and a deep dive into the impact of the unprecedented global Covid-19 pandemic. If you have any further questions or comments on the topics mentioned please contact Phil Seymour.

image of an aeroplane through an object

Webinars24Sep 2020

IBA's Masterclass: Asset Values Explained

Aviation Asset Valuation is often a thoroughly debated and complicated subject - no matter where the industry is in the aviation cycle. The Covid-19 pandemic has created an unprecedented downturn in air traffic. As such, it is even more important to consider valuation definitions and the correct and valid use of them for pending transaction and for year-end audit purposes. Designed for airlines, lessors, financiers alike, strengthen and build understanding of valuation methodology by joining IBA, the 2020 Appraiser of the year. Combining our specialist valuation skills, with commercial and industry expertise, our Masterclass covers: All you need to know about Base Value and Market Value and how they should be used - IFRS/IAS 36 Impairment of Assets Should impairment of the airline book value be considered and how market or base value should be applied International Standard on Auditing ISA 620 Voted Appraiser of the Year in 2012, 2018, 2020 and with over 30+ years of knowledgeable market experience, we have a deep understanding of the market. This session is a must for those looking to refresh, build or renew their understanding of Valuations. The slide deck is available to download here. If you have further questions please contact: Mike Yeomans

image of arrows in orange lights pointing to the right

News & PR18Sep

Over 1,000 Aircraft Set To Return To Lessors In 2021 Without New Homes Says IBA

- Incident-free return to service crucial for 750+ MAXs currently on ground - 18th September, 2020: The commercial aircraft leasing market is set for considerable turmoil in 2021 with over 1,000 aircraft set to be returned to lessors without clear options for onward placement.

image of Boeing 737 Max

Webinars17Sep 2020

IBA Webinar: How To Approach Transitions And The 737 MAX Return To Service In 2020

To help reduce the impact from limited resources, technical representation and access difficulties, IBA provide an unmissable webinar session that will offer our best practice advice on how to approach transitions in the current market conditions. 2020 has been an unprecedented year for the aviation industry. For the first time in history aircraft lease ends will exceed lease starts. High levels of lease ends, fleet exits, and the challenges of the global pandemic requires more planning and earlier engagement around transitions. Our senior Asset Management team share their unrivalled expertise on the following areas: Current market trends in fleet divestiture, aircraft supply and lease ends How to approach lease re-negotiations and current market rates Managing the 737 MAX return to service Working through redeliveries in 'the new norm' and reviewing best practice The impact on shop visit forecasts and MRO demand This session is a must for Financiers, Lessors and Airlines. The slide deck is available to download here. If you have further questions please get in touch via our contact form.

A fleet of Delta aeroplanes

Articles

Preparing Stored Aircraft For Return To Service (RTS)

The grounding of hundreds of aircraft in the last 7 or 8 months has led to a wave of issues concerning extended periods of parking and storage.

Image of data across a screen

Videos & Podcasts

IBA & KPMG Podcast: Aviation Asset Impairments and the Impact of Covid-19

Phil Seymour, IBA's President and Head of Advisory, and Killian Croke, Partner at KPMG Ireland, come together to discuss how the Covid-19 global pandemic will impact aviation asset impairments in the future. This short podcast is a precursor to the IBA Asset Values Masterclass webinar we are running tomorrow (Thursday 24th September). Designed for airlines, lessors, and financiers, this complementary webinar is a must attend for anybody looking to refresh, build or renew their understanding of Valuations. If you would like to attend, secure your place here. If you have any further questions, comments, or feedback on the topics discussed please contact Phil Seymour.

image of a covid-19 sign with an aeroplane in the background

Articles

Covid-19: The Impact on Airline Traffic to Mainland Europe

It goes without saying that Covid-19 has had a significant impact on the passenger demand for air travel. Since March, travel restrictions have been implemented for most of Europe due to government lockdowns and fears of spreading the virus. The following graphs outline the impact of Covid-19 on airline departures to Mainland Europe. Many airlines grounded their fleets as borders closed and lockdowns hampered the movement of passengers. As restrictions begin to ease a severely wounded aviation market is now beginning to recover.

Aftermarket & Parts

A group of Aeroflot aircraft at the gates of Moscow airport

Articles

How long can Russian airlines maintain their aircraft?

IBA's experts examine how long Russian operators can keep aircraft flying with a limited supply of parts.

A view from the wing of a Boeing 747-400 aircraft showing wingtip and jet engines

Articles

Freighters buck the trend in latest widebody aircraft engine values

The latest trends in aircraft engines you need to know, powered by IBA Insight.

Image of an aeroplane wing and engine in the sky

Articles

Is There a Bright Future for Green Time Engines?

An aircraft or engine approaching its operational twilight years tends to require closer condition monitoring and increased maintenance investment. For many years, one option lessors and operators have used to achieve a good return on their asset is to part out the aircraft or engine for feedstock or to sell them into the aftermarket. Engines with little green time remaining are typically the best option for teardown.

image of a graph and data on the screen with US dollars over the top

Articles

How Has Covid-19 Affected Material Fair Market Values?

This month Adil Slimani, IBA's Head of Aftermarket Advisory shares his opinion on Covid and material Fair Market Values. 'Unprecedented' and 'Covid' have become synonymous with 2020 and the pandemic's tragic human cost has been the gravest many have experienced in generations. Numerous industries have also suffered and aviation has been one of the worst hit. Every step of the supply chain from financing, manufacturing, operation, maintenance and recycling has had to adapt to survive and, fundamentally, there are several market forces that have yet to play out. Here I'll try to share some insight into the causes and effects of a reduction in aircraft material fair market values (FMV). For many entities, common strategies to protect capital, be they mothballing fleets, leveraging assets or furloughing staff have largely been played out and restructuring is underway. Various support mechanisms adopted by stakeholders such as renegotiating lease rates, payment holidays and deferred aircraft deliveries or redeliveries have enabled operations to continue at minimal levels and undoubtedly been a lifeline.

Uncategorised

Samuel Beckett Bridge, Dublin

Events28Jan

Airline Economics: Growth Frontiers Global - Dublin

IBA's Mike Yeomans, Director - Valuations & Consulting will be speaking on the 29th January at 16:00 on Aircraft leasing – Lease rates & Valuations. And Jennifer Stanley, Manager – ESG will be speaking at 10:20 on the 31st January on the ESG panel. Stuart Hatcher, Chief Economist will be speaking at 10:15 on the 31st January on Trading, leasing and operator risk plus supply - and their effect on pricing, failures, supply & demand.

Singapore at Night

Events06Nov

Airline Economics: Growth Frontiers Asia Pacific - Singapore

IBA's Mike Yeomans, Director - Valuations & Consulting will be speaking at 15:55 on the 7th November on the Manufacturer Aircraft supply and Lessor content Valuations, interest rates, lease rates, supply and demand, escalation fees Panel. Mike will also be speaking on day 2 of the event on valuations and lease rates drill down.

Dubai Water Canal

Events25Sep

Airline Economics: Growth Frontiers Middle East and Africa - Dubai

IBA's Mike Yeomans, Director - Valuations & Consulting will be speaking on the 25th September at 10:25 on Lease rates and valuations drilldown and moderating at 14:45 on Financing, investing-in and operating widebody aircraft or Financing widebodies in the current economic climate?

Madrid, Spain

Events13Sep

Aero-Engines Europe 2023

Aero-Engines Europe returns on 13-14 September, 2023 in Madrid. IBA's Denesz Thiyagarajan, Senior Analyst - General Aviation & Engines, will be moderating the Closing Panel: The Next 12 Months on Thursday, September 14, 2023: 12:10 PM - 12:55 PM. He will be discussing What is in store for the European engines market in the next year? What was learned from the summer 2023 season? Which of the supply chain problems do we expect to be resolved and which will be longer term? If new production engines do not reach the same time on wing as the outgoing generation, what will be the impact on operators and the aftermarket?

Paris Air Show

Events19Jun

Paris Air Show

The International Paris Air Show is organised by the SIAE, a subsidiary of GIFAS, French Aerospace Industries Association. The 54th edition of the Show will take place at the Le Bourget Parc des Expositions in June 2023, and once again will bring together all the players in this global industry around the latest technological innovations. The first four days of the Show will be reserved for trade visitors, followed by three days open to the general public. Alice Gondry, Olga Sulgacika, Graham Sherwood & Thom Clayton will be attending.

2023 JumpStart® Air Service Development Conference

Events12Jun

2023 JumpStart® Air Service Development Conference

ACI-NA’s JumpStart® Air Service Development Conference is North America’s premier air service development conference. The 2023 JumpStart® Conference will take place in Milwaukee, WI from June 12 – 14, 2023 at the Wisconsin Center (Convention Center). The event will begin with a full day of educational sessions, followed by two days of airport-airline meetings. Tom Terry will be attending this event.

RotorTech UK

Events08Jun

RotorTech UK

Over three days at Sywell Aerodrome, RotorTech UK will showcase the very best the helicopter industry has to offer. The unique airport setting allows both exhibitors and visitors to fly directly to the event and is the perfect venue to experience the latest aircraft and supporting products & services up-close. IBA's Rami Abdel Aziz and Tom Woakes will be attending this event.

Sustainable Aviation Futures Congress

Events07Jun

Sustainable Aviation Futures Congress

A High-level Congress Establishing the Aviation Industry's Pathway to Net Zero Taking place in Amsterdam from 7 - 9 June, Sustainable Aviation Futures Congress is a high-level, content-rich networking event that will showcase the latest strategies for decarbonisation, key industry challenges and exciting opportunities for airlines, corporate organisations and fuel producers. IBA's Jennifer Stanley, Sarah Fosberry & Danny Thurtle will be attending.

Engine Leasing, Trading & Finance Europe 2023

Events07Jun

Engine Leasing, Trading & Finance Europe 2023

Engine Leasing, Trading & Finance Europe 2023 returns to London, UK on 7-8 June, 2023. Mike Yeomans and Jamie Davey will be attending and speaking at this event. Wednesday, June 07: 2:15 PM - 3:00 PM - Jamie Davey Thursday, June 08: 11:30 AM - 12:15 PM - Mike Yeomans

image of an eVTOL

News & PR30May

IBA Outlines eVTOL Market Value Model

IBA, the leading aviation market intelligence and consultancy company, examined the eVTOL market in its latest webinar, presenting a valuation model and depreciation trends over a projected 10-20 year lifespan.

Global Airline Passenger Capacity to Surpass 2019 Levels in July, IBA Predicts

News & PR17May

Global Airline Passenger Capacity to Surpass 2019 Levels in July, IBA Predicts

IBA’s latest Aviation Industry Barometer shows that monthly global airline passenger capacity as measured in available seat kilometres (ASKs) is steadily reaching pre-pandemic levels, with 95% recorded in April 2023.

IBA Analysis: Ryanair 300 Aircraft Order Marks Growth In Strategy And Fleet

News & PR11May

IBA Analysis: Ryanair 300 Aircraft Order Marks Growth In Strategy And Fleet

This week an agreement was made with Boeing for up to 300 737 MAX 10 aircraft. IBA, the leading aviation market intelligence and consultancy company, notes that while only 150 will be firm orders, with the remaining being options, a narrowbody order of this scale is more typical of recent orders placed by carriers in Asia or the US. This order also dwarfs the 196 A321 aircraft order of Wizz Air in November 2021.

Asia-Pacific’s Airline Capacity Recovery Accelerates by 20% in Q1 2023

News & PR25Apr

Asia-Pacific’s Airline Capacity Recovery Accelerates by 20% in Q1 2023

IBA’s Aviation Industry Barometer for March 2023 found that Asia-Pacific airline capacity reached 83% of 2019 ASKs in March 2023 – a jump of 20% in the first quarter of this year.

Flights Increase by a Quarter Since 2022, with Capacity Now Over 90% of Pre-Pandemic Levels

News & PR15Mar

Flights Increase by a Quarter Since 2022, with Capacity Now Over 90% of Pre-Pandemic Levels

IBA, the leading aviation market intelligence and consultancy company, has today published its monthly Aviation Industry Barometer for February 2023. Data from IBA’s Insight intelligence platform shows a 24% year-on-year increase in passenger flights from February 2022, with 2.3 million commercial passenger flights recorded in February 2023.

IBA Expands Global Sales Team with New Sales Manager for Middle East & Africa

News & PR10Mar

IBA Expands Global Sales Team with New Sales Manager for Middle East & Africa

IBA, the leading aviation market intelligence and consultancy company, has expanded its global sales team with the appointment of Robbie Deegan to the newly created position of Sales Manager, Middle East and Africa.

IBA Comments: IAG Full Year Results

News & PR24Feb

IBA Comments: IAG Full Year Results

Geoff van Klaveren, Managing Director – Advisory at IBA comments:

Narrowbody Aircraft Values Recover In 2022 and Set For 2023 Climb

News & PR10Feb

Narrowbody Aircraft Values Recover In 2022 and Set For 2023 Climb

New narrowbody aircraft base values rose beyond the long-term trend into 2023, and lease rates are forecast to climb further this year, according to data revealed today by IBA the leading aviation market intelligence and consultancy company.

Global Airline Capacity Continues Growth Despite Asia Lag, IBA Insights Show

News & PR06Feb

Global Airline Capacity Continues Growth Despite Asia Lag, IBA Insights Show

IBA, the leading aviation market intelligence and consultancy company, has today published its monthly Aviation Industry Barometer for January 2023, showing that there were almost half a million more global commercial passenger flights last month compared to January 2022.

image of an aeroplane wing

News & PR01Feb

IBA Analysis: High oil and kerosene prices contribute to collapse of Flyr

Norwegian low-cost airline Flyr has entered administration just 18 months after starting operations. IBA Insight reveals that Flyr (which translates from Norwegian as ‘to fly’) operated a fleet of 12 leased aircraft (6 x Boeing 737 NG and 6 x Boeing 737 MAX). Seven of these were owned by Air Lease Corporation. Flyr was a very seasonal operation, with its top city pairs featuring summer flights between Oslo and Alicante, Malaga, Barcelona and Rome, as well as domestic flights within Norway. The airline cut its capacity over the winter of 22/23 to save costs, but ultimately failed to raise the required financing to continue operations. Flyr’s demise follows shortly after the collapse of British regional airline Flybe. This shows us that it is not easy to remain cashflow positive in the weaker winter months, during a high oil price environment. It also makes the strong profits reported by Ryanair in Q3 even more impressive. Kerosene prices come back to bite weaker operators. Jet kerosene prices remain very elevated at USD 1,153 per metric tonne, in part due to a very wide crack spread caused by a lack of refinery capacity. The last time we saw such high kerosene prices was in 2008, just before the Global Financial Crisis. This period saw a similar playbook, with weaker players exiting the market, thereby reducing market capacity and giving other airlines more pricing power to cover higher fuel prices. IBA remains positive on the general aviation recovery presented in our Outlook for in 2023, but we anticipate further failures and airline consolidation to occur amongst some of the weaker players in the coming weeks.

image of earth at night

News & PR31Jan

IBA Enhances Insight Platform with launch of OAG Schedules data

31 January, 2023: IBA, the leading aviation market intelligence and consultancy company, has enhanced the capabilities of its IBA Insight aviation data and intelligence platform with the introduction of OAG flight schedules data. This major addition to IBA Insight, which launches today, delivers enhanced insights on airline flight capacity – both globally and by operator. The integration of OAG’s flight schedules data enables investors, banks, lessors, OEMs and other IBA customers to assess capacity at a global and operator level with forward-looking and historic schedules. Users can also evaluate routes and schedules to understand the demand for specific aircraft types. Using IBA’s tailored dashboards, users can map growth or decline in capacity, allowing them to understand prevailing airline market sentiment. Comparisons can be made using measures such as number of flights, ASK (available seat kilometres), the number of seats, and the number of routes flown. Aircraft portfolio managers can use schedules data to identify the strongest aircraft placement opportunities by observing changes in domestic and international schedules. Both schedule and market share changes at specific airlines can indicate the prevailing mood and trajectory of an operator, and can therefore enable investors, banks and lessors to identify risks in the existing placement of an aircraft portfolio. Phil Seymour, President of IBA, says: “Incorporating OAG’s flight scheduling data enhances IBA Insight, enabling users to make strategic and agile decisions based on a wider range of insights. Our partnership with OAG delivers a greater dynamic and value for our customers and reinforces IBA’s position as a leading provider of aviation market intelligence.” Simon Howard, Global Sales Director at OAG comments: “We’re delighted that our partnership with IBA has enhanced its online offering. OAG’s schedules data is well placed to support the needs of IBA’s users. We look forward to continuing our work together to provide industry leading data.”

Aeroplane in the sky

News & PR30Jan

IBA Analysis: The demise of Flybe is not a surprise

Earlier this month, IBA’s webinar on the outlook for the aviation industry in 2023 talked about a positive outlook for demand, whilst also warning that there would be increased consolidation and failures of some weaker players. In particular, we highlighted regional airlines being at greater risk, and so it has turned out, with Flybe once again in administration. It is worth remembering that Flybe was a struggling airline well before the pandemic, finding itself increasingly squeezed by low-cost airlines (and no thanks to a ridiculous double taxation on UK domestic flights, which has now been changed). In the run-up to the pandemic, Flybe was trying to find a buyer without success. The airline was eventually rescued by a consortium including Virgin Atlantic, Stobart and Cyrus Capital in 2019. The timing was unfortunate, and Flybe was one of the first casualties of the COVID-19 pandemic, going into administration in March 2020 when lockdowns came into force in the UK and around the world. The lowest cost wins Cyrus Capital bought the business and assets, but in reality, the only real value was the 12 Heathrow slot pairs. Given that these slots were originally owned by British Airways but given up to Flybe as part of a remedy following the BMI takeover, the CAA would not allow Cyrus Capital to have the slots without being a viable operation. Cyrus found itself with no choice but to restart Flybe operations, but with an even worse strategic position than before the pandemic. Our analysis shows that on the routes they operated, their share of seats was only 10%, and they found themselves competing with larger aircraft with a lower cost pear seat. Lowest cost almost always wins on short-haul, and therefore it was inevitable that Flybe would struggle. Will anyone buy Flybe? In theory, the slots revert to British Airways now, and with leased aircraft it is questionable whether there is any value that can be salvaged. Yes - in theory, an investor could buy the business and try again, but is anyone crazy enough to try this? Well, this is the airline industry so, we wouldn’t totally rule it out. Though this is unlikely in our view, easyJet would love to take on British Airways at Heathrow, but 12 slot pairs are not enough to create a viable operation. More consolidation is to come In summary, IBA believes that in 2023, the divide between the strong and the weak will get even wider. We saw Ryanair reporting record Q3 profits today and other Tier 1 players are guiding very positively. So, we continue to believe there will be an acceleration in consolidation in 2023 which is very positive for pricing from the airline’s perspective, if not from the consumer’s.

Hands over an earth globe forecasting aviation net zero emissions

News & PR28Jun

The future emissions impact of the aviation industry

IBA NetZero forecasts the future emissions impact of the aviation industry, helping shape ESG strategies currently being defined around the globe.

Aircraft Landing on Runway

News & PR20May

Aviation CO2 intensity falls year-on-year, IBA data shows

CO2 intensity per-seat per-mile decreases by 2.5% from April 2021 to April 2022

News & PR13May

IBA named "Appraiser of the Year" for the fifth time

IBA, the award-winning aviation analytics and advisory company, has been honoured as Appraiser of the Year 2022 in the renowned Airline Economics Aviation 100 Awards. This is the fifth time that IBA has won the prestigious award, having previously received it in 2012, 2018, 2020 and 2021. The Awards were decided upon by a panel of expert judges. This year, Airline Economics asked the industry to consider companies' response to the COVID-19 pandemic including their ability to raise additional funds, manage a new operating environment as well as its overall crisis response and future resilience. Throughout 2021, IBA performed over 8,000 appraisals and portfolio valuations, and continue to appraise over 90% of asset backed security (ABS) and enhanced equipment trust certificate (EETC) structures. During the year, the company strengthened its valuations offering with the appointment of Geoffrey van Klaveren as Managing Director, Advisory, to oversee all of IBA's professional services, along with additional team members in the USA, China and Hong Kong . Phil Seymour, President of IBA, says: “Valuations have been at the heart of what IBA does since our foundation, and we are deeply honoured that this has been recognised by our clients with this prestigious award.” Over the past 12 months, IBA's InsightIQ data and intelligence platform provided integrated and intuitive flight analysis, tracking over 35 million flights and over 65,000 commercial aircraft per year. The platform contains over 65 years of commercial aircraft and engine proprietary fleet data, values, flight utilisation information, market data, carbon emissions modelling and aviation news. IBA launched several enhancements to the platform in 2021, including the Carbon Emissions Calculator which enables users to analyse and compare airlines' and lessors' Scope 1 emissions profiles. Additionally, IBA delivered a range of industry-attended webinars led by their ISTAT-certified experts. Topics included the implication of Aviation's Net Zero 2050 target and tracking the global recovery of widebody and narrowbody aircraft and engine values. These webinars support appraisers by providing a comprehensive market perspective. For more information about IBA's Advisory and Valuations services visit: https://www.iba.aero/advisory-and-valuations/valuations/ About IBA IBA has over 30 years' experience in delivering independent, expert business analysis and intelligence on the aviation sector. Established in 1988, it provides a wide range of services including InsightIQ, a one-stop intelligence platform combining speed, accuracy, visual analytics and intuitive navigation. IBA advises prominent investment funds and banks, aircraft leasing companies, operators, manufacturers and MROs. In March 2021, IBA was named ‘Appraiser of the Year' by Airline Economics for the fourth time. For more information, visit www.iba.aero IBA media contacts Charlie Hampton / Faye Clarke Email: [email protected] / [email protected] Mobile: +44 (0)7884 187297

News & PR03May

IBA launches new era of aviation intelligence

3rd May, 2022 – IBA today unveils a new brand that re-launches the business as an aviation intelligence provider with a full-service consultancy offering. IBA's new strapline Insights In Flight encapsulates its decades of industry experience, combined with its cutting edge analytics and innovation. It reflects a business fuelled by world-class aviation intelligence, but driven by its people and the partnerships they create. This bold new identity reflects IBA's commitment to improving aviation clients' outcomes, and to its core values of being: Aviation fanatics - a team of real experts who are passionate about the aviation industry, and have dedicated their professional lives to improving it. Restless innovators – with challenging the status quo in its DNA, IBA is constantly looking to improve, and thriving on being at the forefront. People people – focused on building robust, long-term, mutually beneficial partnerships that don't just signal commercial success, but are a better all-round way to work. Fiercely independent – enabling IBA to always make the right recommendations to its customers – free from outside influences or biases. Ian Beaumont, Chief Executive Officer of IBA, says: “IBA's re-launch demonstrates our belief that we are a 30-year-old start-up. We have decades of aviation industry experience, and a proven track record to match, but that hasn't diminished our determination to continually innovate, and bring transformational new products to the marketplace that help our clients succeed.” “Every element of our consultancy services are fuelled by world-class aviation intelligence, delivered by our experienced team and leverage our IBA Insight platform. Providing comprehensive and accurate market intelligence coupled with expert analysis and a personalised service is what IBA is all about.” IBA is today launching five sub-brands that crystallises the breadth of its products and services: IBA Insight IBA Valuations IBA Consulting IBA Asset Management IBA Technical Since 2020, IBA has been investing significantly in its data fidelity, online products and consultancy services. IBA Insight, the company's intelligence platform (formerly known as InsightIQ) continues to innovate with a range of new products including soon-to-launch flight scheduling data, emissions projections, and a wider range of market intelligence reports. IBA Insight has an exciting roadmap of additional new modules and functionality planned for quarterly releases over the coming years. IBA Consulting is expanding its ESG offering, building on the success of IBA's Carbon Emissions Calculator, and is launching services to help with green financing origination and monitoring as well as providing ESG ratings for airlines. IBA Asset Management and IBA Valuations are strengthened by a new commitment to ISTAT's training programme. This will see the number of certified appraisers grow across the business, ensuring the company's award-winning expertise as an aircraft valuer can be offered more widely then even before. The re-launch comes as IBA expands its global footprint with the opening of new offices in China and Japan, and the expansion of its team in the Americas, and at its UK HQ. Notes to Editors To view a video about IBA's re-launch, click here About IBA IBA delivers the best of all worlds - deep aviation consultancy expertise, and cutting edge and actionable data insights, all delivered by a proven, expert team with a strong customer focus. An independent, innovative and forward-thinking business, IBA has over 30 years of heritage and experience in aviation. Named 'Appraiser of the Year' by our clients for five years, and most recently winning the Sustainable Technology award for its Carbon Emissions Calculator, IBA prides itself on its integrity, fierce independence, and continual innovation. The key to IBA's success is its people – some of the best in the industry, based in multiple locations across the globe – real experts who are passionate about aviation and go the extra mile for their clients. For more information, visit www.iba.aero IBA media contacts Charlie Hampton / Faye Clarke Email: [email protected] / [email protected] Mobile: +44 (0)7884 187297

Aircaft Engine

News & PR24Mar

Mixed outlook for aircraft engine values as traffic recovery slows

Mixed outlook for aircraft engine values, as the recovery in air traffic is expected to slow due to the conflict in Ukraine, inflation rates and rising oil prices.

Airplane flying through a blue sky

News & PR14Mar

Aviation emissions rise slightly, IBA data shows

Average 144.2g of CO2 per-seat per-mile in February 2022 - an increase of 0.3% since January 2022.

Aircraft flying over trees

News & PR10Feb

Aviation emissions at record low IBA data shows

Average 143.7g of CO2 per-seat-per mile in January 2022 - the lowest recorded since January 2018.

Aircraft flying over village

News & PR18Jan

Aviation emissions fell year on year in 2021, IBA data shows

Overall CO2 emissions reduced by -2.1% from 2020 to 2021.

Plane flying over a forest

News & PR14Dec

IBA's Carbon Emissions Index shows overall global aviation CO2 emissions down

The latest data from IBA found that the average global aviation CO2 emissions are down month-on-month.

Aircraft flying above a village

News & PR22Nov

IBA expands ESG compliance offering as external reviewer

1 November, 2021 - IBA, the leading aviation data and advisory consultancy, has expanded its ESG compliance offering by becoming an external reviewer aligned with the Guidelines for Green, Social, Sustainability, and Sustainability-Linked Bonds External Reviews published by the International Capital Market Association (ICMA). As the first aviation-focused external reviewer, IBA will now be able to provide its clients with the second party opinion, and verification, that they are following the External Reviews' Guidelines when implementing ESG-focused financial products. These include Green and Social Bond Principles, the Sustainability Bond Guidelines, and the Sustainability-Linked Bond Principles (available on ICMA's website). This will enable IBA to provide support and guidance to its client organisations, such as banks and other sources of finance, aircraft lessors and airlines, in conducting ESG-focused fleet and financial planning, and in ensuring compliance with their ESG programmes. External Review services provided by IBA are also described in the Overview of the External Review Service Mapping on ICMA's website. Phil Seymour, President of IBA, says: "ESG compliance is an integral goal of organisations in the aviation and related sectors and, as an external reviewer, IBA can help them deliver these important commitments." IBA's position as an external reviewer is the latest in a series of services it has rolled out to provide the aviation community with authoritative, independent insights and guidance on the environmental footprint of their operations. Earlier this year, it launched a Carbon Emissions Calculator (CEC) which is now used by companies across the aviation sector for independent carbon emissions analysis. The CEC is the first of its kind, and integrates IBA's proprietary fuel-burn assessments with real-world flights and fleets data from its InsightIQ intelligence platform. It is the only finance-focused carbon modelling tool currently available that enables users to calculate and compare the emissions of airlines and lessors, entire aircraft fleets and regions over different periods of time, in addition to supporting analysis of specific commercial aircraft models and routes. About IBAIBA has over 30 years' experience in delivering independent, expert business analysis and data on the aviation sector. Established in 1988, it provides a wide range of services including InsightIQ, a one-stop intelligence platform combining speed, accuracy, visual analytics and intuitive navigation IBA advises prominent investment funds and banks, aircraft leasing companies, operators, manufacturers and MROs. In January 2021, IBA was named 'Appraiser of the Year' by Airline Economics. For more information, visit www.iba.aero.IBA media contactsCharlie Hampton / Alisha PyzerEmail: [email protected] / [email protected]: +44 (0)7884 187297 / +44 (0)7557 528922 About IBAIBA has over 30 years' experience in delivering independent, expert business analysis and data on the aviation sector. Established in 1988, it provides a wide range of services including InsightIQ, a one-stop intelligence platform combining speed, accuracy, visual analytics and intuitive navigation IBA advises prominent investment funds and banks, aircraft leasing companies, operators, manufacturers and MROs. In January 2021, IBA was named 'Appraiser of the Year' by Airline Economics. For more information, visit www.iba.aero.IBA media contactsCharlie Hampton / Alisha PyzerEmail: [email protected] / [email protected]: +44 (0)7884 187297 / +44 (0)7557 528922 International Capital Market Association (ICMA) ICMA promotes well-functioning cross-border capital markets, which are essential to fund sustainable economic growth. It is a not-for-profit membership association serving around 600 member firms in 60 countries. Among its members are private and official sector issuers, banks, broker-dealers, asset managers, pension funds, insurance companies, market infrastructure providers, central banks & law firms. It provides industry-driven standards and recommendations, prioritising four core fixed income market areas, primary, secondary, repo & collateral and sustainable finance. ICMA works with regulatory and governmental authorities, helping to ensure that financial regulation supports stable and efficient capital markets. [email protected] The Green Bond Principles, Social Bond Principles, Sustainability Bond Guidelines and Sustainability-Linked Bond Principles The green, social, sustainability and sustainability-linked bond market aims to play a key role in funding projects that contribute to environmental sustainability or/and socio-economic challenges globally. The Green Bond Principles, Social Bond Principles, Sustainability Bond Guidelines and Sustainability-Linked Bond Principles (the "Principles") promote integrity in this market through guidelines that recommend transparency, disclosure and reporting. The market initiative supporting the Principles consists of over 400 members and observers. Members are institutions that have issued, underwritten, placed, or invested in a green, social or sustainability or sustainability-linked bond. Members elect the Executive Committee, decide on changes to governance, and provide input to updates to the Principles. Observer status is designed to welcome organisations that are active in the field of sustainable finance, such as but not limited to NGOs, universities, auditors, and service providers, or are not yet active in the market. Observers are included in consultations regarding updates to the Principles and participate in working groups. The International Capital Market Association (ICMA) operates the Secretariat for the Principles and provides advice on governance and other issues. https://www.icmagroup.org/sustainable-finance/membership-governance-and-working-groups/

Aircraft flying over trees

News & PR18Nov

IBA reveals new InsightIQ upgrades including advanced carbon reporting and analysis

18th November, 2021: IBA, the award-winning aviation data and advisory company, has today unveiled major upgrades to InsightIQ - its aviation intelligence platform. These include significant enhancements to its industry-leading Carbon Emissions Calculator (CEC), including advanced carbon reporting and analysis for fleets and asset portfoliosFollowing the launch of the CEC in March 2021, IBA consulted with over 100 companies from all aviation sectors to understand their current and future needs for carbon reporting and analysis. This has enabled IBA to enhance its platform with new functionality that specifically addresses the requirements of current and prospective InsightIQ customers across the aviation industry and beyond. IBA's InsightIQ version 1.6 now enables users to build and compare scenarios for real and hypothetical fleets - providing the most accurate analysis of airline and competitor emissions. The InsightIQ update also allows users to forecast reductions in fleet carbon emissions utilising the CEC - the world's most advanced and accurate commercial aviation carbon emissions tracking model.This latest InsightIQ upgrade now also provides IBA's aviation intelligence in Japanese, Mandarin and Chinese. InsightIQ is the first and only aviation data programme currently available to offer these global translations, with additional languages to be added in the coming months.InsightIQ's new features now enable professionals across all sectors to access a comprehensive range of new insights. These include: For Aircraft Lessors: Demonstrating to investors, banks and operators how their fleet renewal programme will positively impact their carbon footprints Understanding the quantum of offsets required to reduce carbon emissions by specific amounts Providing independent metrics to support green financing and access lower costs of capital For Banks: Reporting on carbon emissions within their loan books and modelling new deal impacts on their portfolio Meeting reporting requirements and loan monitoring for ESG compliance Providing equity and credit analysts with a comprehensive market overview including per airline and lessor comparisons to evaluate ESG considerations For Airlines: Modelling fleet scenarios to understand and forecast the emissions impact from fleet evolution and emerging technology Sense checking sustainability reports and utilising the CEC as the independent basis for reporting for smaller airlines who don't have their own reporting capability Benchmarking against peers using a consistent, independent and accurate methodology For Aviation Investors: Evaluating and demonstrating carbon emissions from their investments Monitoring annual investments for ESG compliance and checking actual performance compared to management stated intentions Providing deal specific carbon information, alongside benchmarking and assessment This upgrade to InsightIQ provides the industry's latest and most accurate CO2 emissions tracking to date. This has been illustrated by recent data from InsightIQ's Carbon Emissions Calculator (CEC) that highlights trends in overall CO2 emissions reductions at International Airlines Group (IAG)*.CO2 emissions data from InsightIQ's CEC was on average accurate to operator figures with an average variance of just 1.28% in 2018 and 2019.IBA's latest figures show that IAG achieved a 12.3% reduction in carbon emissions across the entire fleet between 2019 and 2021 on a per-seat per-mile 'PSPM' basis. This represents a strong performance compared to a global CO2 reduction of 2.3% in the same period. The global CO2 PSPM average in September 2021 was measured at 145g, whilst IAG's measured at 144g. IBA's CEC also demonstrates how British Airways has seen a 26.2% reduction in CO2 emissions on transatlantic flights since 2019, making BA the second most improved airline in the reduction of CO2 emissions from transatlantic flights globally.Ian Beaumont, Chief Executive Officer of IBA, said: "Our clients need to show direction of travel and be able to confidently project the impact of fleet retirements and new aircraft coming into service. The CEC now not only tracks historical emissions accurately but also allows clients to project future emissions and model different scenarios. Being able to provide a clear message on the path of future emissions is key to communicating with their stakeholders."IBA's upgrade marks the sixth set of enhancements to the InsightIQ platform since its launch in November 2020. Since then, IBA has seen accelerating subscriptions to the platform, from leading organisations in the aviation and related industries including Societe General, AVIOCAP, Floreat, CDB Aviation and many more.Beaumont added: "These CEC enhancements show our commitment to continued InsightIQ development as we build in our clients' wish list for new and unique functionality in a single, integrated, web-based package."More information about IBA's InsightIQ is available here. Notes to Editors Images Download image of the IAG and InsightIQ comparison chart here. Further comment / interviews Ian Beaumont, Chief Executive Officer of IBA, is available for interview to offer further comment and insight. About IBAIBA has over 30 years' experience in delivering independent, expert business analysis and data on the aviation sector. Established in 1988, it provides a wide range of services including InsightIQ, a one-stop intelligence platform combining speed, accuracy, visual analytics and intuitive navigation IBA advises prominent investment funds and banks, aircraft leasing companies, operators, manufacturers and MROs. In January 2021, IBA was named 'Appraiser of the Year' by Airline Economics. For more information, visit www.iba.aero.IBA media contactsCharlie Hampton / Alisha PyzerEmail: [email protected] / [email protected]: +44 (0)7884 187297 / +44 (0)7557 528922

Aircraft Landing on Runway

News & PR15Nov

IBA Reveals latest Global Aviation Efficiency data with Carbon Emissions Index

Average CO2 per seat per mile remains flat, despite growing global aircraft

An interior view of a cargo aircraft

News & PR21Oct

Sustained Demand for Passenger to Freighter Aircraft Conversions, Says IBA

IBA Forecasts 1,000 conversions in next ten years

A visual representation of IBA's Carbon Emissions Index, helping airlines, banks and aircraft lessors to reduce CO2 emissions

News & PR30Sep

IBA Launches Aviation Carbon Emissions Index in association with KPMG

IBA has partnered with KPMG to launch the Aviation Carbon Index

Turboprop Aircraft

News & PR01Sep

IBA Sees Regional Jet Recovery Outstrip That Of Turboprops

IBA has highlighted the difference in the rate of recovery from the pandemic of turboprops and regional jets.

aeroplane from above

News & PR01Jun

Asia and North America Lead Cautious Aviation Recovery While Other Markets Stall

IBA forecasts that deliveries of new aircraft won't return to pre-pandemic levels until 2025. Just 747 aircraft were delivered in 2020, and IBA forecasts deliveries will rise modestly to around 1,100 in 2021.

image of business men in suits walking at an airport

News & PR11Mar

IBA Announces Changes to its Senior Leadership Team

London / Dublin / Tokyo, March 11th 2020: IBA Group is pleased to announce the appointment of Ian Beaumont to Chief Executive Officer (CEO) of IBA Group effective from 11th March 2020. Phil Seymour, IBA's former CEO will continue to serve as Company President.

Winner appraiser of the year 2020 image

News & PR21Jan

Award winning Aviation Consultancy IBA Group crowned 'Appraiser of the Year' for the second time in three years at the Aviation 100 Awards in Dublin

London / Dublin / Tokyo / Los Angeles - January 21st 2020: IBA Group, the awardwinning specialist aviation consultancy, has won the coveted Appraiser of the Year 2020at the Airline Economics Aviation 100 awards held last night. This is the second time inthree years that IBA has won this prestigious award, having previously won in 2018, andis testament to its best practice and strategic focus. The firm was voted for by industrypeers in the aviation banking, leasing and brokerage sectors in recognition of itsindependent valuation expertise and significant depth of experience.

Featured

Image of an aeroplane at the airport

Webinars

IBA Insight: How are engine values performing?

IBA’s award-winning Valuations team will be sharing their latest insights on engine values in our new webinar series. In our second edition, Phil Seymour and Jamie Davey will reveal key trends to watch for in 2023, the impact of supply chains and inflation on engines values, values and lease rates update for popular engine types and parts and aftermarket updates. Click here to watch the recording

image of an eVTOL

Webinars

IBA Insight: What is the Outlook for eVTOL Values?

In the third edition of our IBA Insight series, Mike Yeomans, Denesz Thiyagarajan and Rami Abdel Aziz provided an overview of the eVTOL market, their top due diligence advice and the latest insight on residual values. Watch on Demand It’s estimated that 200 companies are currently working to manufacture electric vertical take-off and landing vehicles (eVTOLs). So, what is the market demand for these new technologies, and what will the assets be worth? Topics covered will include: Market overview Development update and entry-into-service timelines Valuation drivers and dynamics Valuation case studies for selected eVTOL types Watch on Demand If you have any further questions, please get in touch with ma[email protected]

Articles

What does global temperature rise mean for aviation?

Luisa Barnes, Aviation Analyst [email protected] The Intergovernmental Panel on Climate Change (IPCC) recently published a report stating that climate change is set to breach the warming limit, set under the 2015 Paris Agreement. By the year 2027, they warn of a global 1.5°C temperature rise for the first time and a 2 in 3 chance that within the next five years, we’ll exceed the crucial 1.5°C threshold during a one-year period. So overall, the IPCC expects the next five years to be the hottest ever on record. What’s more, on top of the global warming from anthropogenic activities, it is probable that the oscillating weather system ‘El Niño’ will force temperatures to record levels and profound emission mitigation is urgently needed if we are to avoid irreversible damage.

26AprEvents

IBA's Webinar: ESG in Aviation - What You Need To Know

How can the aviation industry, and more specifically aviation finance, tackle the existential challenges of ESG regulations? What are the ESG regulations and elements that you should be focusing on as an airline and a lessor? Join IBA’s dedicated ESG Consulting team to explore this and more in our upcoming webinar on Wednesday 26th April at 15:00 BST. Throughout the session, we'll share case studies and examine how specific airlines and lessors have implemented regulations such as EU ETS and CORSIA. Register here

Videos & Podcasts

IBA - Accelerating Aviation to Net Zero

IBA is the leading aviation data, intelligence and advisory company, providing award-winning solutions, valuations and asset management. With unrivalled data intelligence through IBA NetZero and IBA Insight, they work with airlines, financiers, aircraft manufacturers and leasing companies. IBA’s powerful combination of in-house expertise backed up with cutting-edge carbon emissions data from their IBA NetZero platform means IBA is well-adapted to provide industry players with critical support and guidance. In this film, we learn about ESG scoring and assessments, how decarbonizing by 2050 will impact ticket prices and profit and understand how IBA supports companies to achieve their ESG objectives.

Videos & Podcasts

The Aviation Conversation The Challenges of Redelivering Aircraft

Welcome to the Aviation Conversation. In this edition, IBA's Phil Seymour, Peter Walter and Denis Brailsford take a deep dive into the challenges faced by both airlines and lessors when redelivering aircraft, and how both parties can prepare for lease ends.

Image of an Aeroplane at an airport

Webinars

IBA Insight: How are major asset values performing?

IBA’s award-winning Valuations team shared their latest insights on aircraft values across all major asset types in our new webinar series. In our first edition, Phil Seymour, Mike Yeomans and Jonathan McDonald will reveal key trends across narrowbody and widebody aircraft, regional jets and turboprops, and freighters. Watch the recording

passengers waiting in an airport terminal to board an aircraft through a window

Articles

Airline Consolidation - the outlook for 2023

What types of operators and which global regions are most likely to see consolidation in 2023?

An airplane wing with blue sky and clouds in the background

Articles

Key Trends for Global Aviation in 2023 - The IBA Perspective

In this short report, our experts Dr Stuart Hatcher, Geoff van Klaveren and Mike Yeomans share their expectations for the year ahead, examining macroeconomic factors, supply and demand, and challenges to airlines and aircraft values.

aeroplanes lined up at the airport

Webinars

Ask the Appraiser: How are Narrowbody Values Performing?

IBA presents: Ask the Appraiser. Our series of regular short webinars, designed to deliver you vital updates on how values are performing across the different aviation asset classes. In the third session of the series, join Phil Seymour and Mike Yeomans for an overview of the narrowbody market. Watch the recording Topics include: The trajectory of values and lease rates The state of supply and demand Fleet evolution What’s happening in the macroeconomic environment, and the impacts on the sector If you have any further questions, comments or feedback please get in touch with Mike Yeomans. The data used in this webinar is from IBA Insight, our leading intelligence platform for aviation finance. IBA Insight combines speed, accuracy, visual analytics and intuitive navigation to deliver actionable insight from comprehensive, integrated fleet, values, flight, carbon and market aviation data. More information can be found here.

Image of a helicopter flying

Webinars

Ask the Appraiser: How are Helicopter Values Performing?

IBA presents: Ask the Appraiser. Our series of regular short webinars, designed to deliver you vital updates on how values are performing across the different aviation asset classes. In the final session of the series, join Phil Seymour and Rami Abdel Aziz for an overview of the helicopter market. Watch the recording

An aeroplane taking off

Webinars

Ask the Appraiser: Trajectory of Freighter Values

IBA presents: Ask the Appraiser. Our brand-new series of regular short webinars, designed to deliver you vital updates on how values are performing across the different aviation asset classes. In the first of the series, join our experts Mike Yeomans and Jonathan McDonald for an overview of the freighter market. Watch the recording Topics covered include: The trajectory of freighter values and lease rates The state of supply and demand in air cargo The landscape for P2F conversions What's happening in the macro-economic environment, and the impacts on the sector If you have any further questions, comments or feedback please get in touch with Mike Yeomans. The data used in this webinar is from IBA Insight, our leading intelligence platform for aviation finance. IBA Insight combines speed, accuracy, visual analytics and intuitive navigation to deliver actionable insight from comprehensive, integrated fleet, values, flight, carbon and market aviation data. More information can be found here.

a loganair embraer jet taking off from an airport with sky and other airplanes in the background

Articles

Why Loganair is a unique prospect for it's next owners

IBA's Manager of Airline Analysis Neil Fraser shares his perspectives on the sale of Scottish carrier Loganair.

a boeing 747 jet passenger aircraft on takeoff with a blue sky in the background

Articles

Israeli 4 engine ban will most likely hit converted 747 freighters

Israel has announced the ban of four-engine aircraft in Israeli airspace, in an effort to reduce noise and air pollution. Whilst the ban is mandated to come into effect from March 2023, it is believed that operators may be discouraged from operating such aircraft even sooner.

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