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IBA’s latest Aviation Industry Barometer reveals that passenger ASKs from Chinese operators were trending at 96% of 2019 levels in July 2023, a strong increase from 89% in June 2023. IBA’s leading aviation intelligence platform, IBA Insight, further shows that in July: Monthly global passenger capacity edges closer to a full recovery, reaching 97% of pre-pandemic ASKs in July 2023, a gain of +2% compared to June 2023. In July, operators from Africa, North America, Latin America and the Middle East surpassed pre-pandemic capacity, while operators in APAC and Europe continue to lag slightly behind. APAC operator capacity has now surpassed 90% of pre-pandemic levels, supported by a strong July within the Chinese market. Assessing the current trend, IBA expects global passenger ASKs to surpass 2019 levels by October 2023. In July 2023, there were approximately 04 million commercial passenger flights, compared to 2.82 million in June 2023, while 2.64 million flights were recorded in July 2022. Chinese operators recorded 451k commercial passenger flights in July 2023, compared to 388k in June 2023 and 296k in June 2022. There were 110 commercial aircraft deliveries in July 2023, representing a month-on-month and year-on-year variance of -24% and +34% So far during 2023, Airbus A320neo deliveries have averaged 45 per month, compared to Boeing's 737 MAX at 35 per month. -ENDS- 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 35 years of heritage and experience in aviation. Having won the Sustainable Technology award for its IBA NetZero platform in 2023 and for its Carbon Emissions Calculator in 2022, and being named 'Appraiser of the Year' by their clients for five years, 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
IBA, the leading aviation market intelligence and consultancy company, has revealed there are signals of potential oversupply of the Boeing 737-800 passenger to freighter (P2F) aircraft, with 60 conversions forecast for this year alone.
作为行业领先的航空市场数据和情报公司，IBA于8月1日宣布正式收购Aeromanage公司旗下的Fleetwatch应用。 Fleetwatch通过使用ADS-B数据，为航空租赁方和金融圈提供与飞机飞行事件和状态变化相关的移动设备警报提醒服务。该应用程序让关键利益相关方能够更直观地了解飞机运营情况，让资产组合管理更积极主动，及时响应各种变化，成为用户风险纾解手段中的重要一环。 伴随着IBA近期在其IBA Insight航空情报平台推出的数据和新闻警报功能，Fleetwatch的收购和整合进一步证明了IBA始终不渝地践行为客户提供增强行业洞察力的承诺，行业洞察力得到提升不仅能帮助客户管控风险，还能为其创造价值。 IBA总裁Phil Seymour表示：“我们很高兴通过收购Fleetwatch来增强我们的航空情报能力。该应用将成为我们一系列新闻和警报解决方案的重要组成部分，为租赁方、银行、投资者和保险公司等主要行业利益相关方提供一流的行业洞察力和并为他们实时更新下属机队的动态。” Fleetwatch将为IBA Insight平台的订阅用户提供一系列信息，通过每日通知，着重展示各类重要的飞机使用场景。 机队/飞机区分 用户将有条件查看其飞机与平均水平相比是否使用过度或利用率不高。用户还可以随时了解飞机的飞行长度和距离信息，并与同一运营商的同机型平均值进行比较。借助这个应用，用户有机会对随时变化的运营模式进行评估，并对诸如储备和补偿率等飞机维护影响因素是否需要调整进行研判，并帮助用户预测PBH（按小时收费）协议中的收入情况，并在出现飞机过度使用或利用不足的情况下获得相应提醒服务。 停飞 Fleetwatch让租赁方、银行和投资者等各类用户有机会觉察其飞机是否处于长时间停飞状态，帮助他们与运营商取得联系，就相关问题发出质询。 Fleetwatch将在飞机停飞超过两天时提醒用户，让飞机所有者随时跟踪租赁机队动态，及早发现问题。 禁飞目的地 租赁方、银行、投资者和保险公司可以从Fleetwatch接收警报，以提示其飞机是否进入禁飞目的地，随时监控运营商是否遵守合同条款和各类制裁限制条约。 Aeromanage的高级经理和董事Ivan Borysenko表示：“Fleetwatch提供的洞察力将显著增强IBA的航空情报能力，将为IBA Insight平台用户实时更新飞机状态，确保问题早发现，早解决。”
- IBA estimates 1800 tonnes of used/wasted CO2 per day - Phil Seymour, President, IBA. The news that Heathrow Airport has requested airlines to uplift as little fuel as possible at Heathrow means that there will undoubtedly be an increase in CO2 emissions. But what is the order of magnitude and how will airlines manage the situation? IBA estimates that 1800 tonnes of used/wasted CO2 per day is being emitted as a result of the fuel supply issue at Heathrow. With a 9-day problem that Heathrow describe this will result in 16,200 tonnes of used/wasted CO2 being emitted around the planet. Carrying more fuel than is required is known as fuel “tankering”. In the days before CO2 emissions were cared about, it was a practice often used by airlines when considering the price of fuel at their departure airport versus the price of fuel at the destination. There is a cost to carrying more weight/fuel than is required for a specific flight. The heavier an aircraft is the more thrust required to take-off and climb (hence more fuel is used), the more wear and tear on the engines and the heavier landing weight increases the brake wear. As a greater focus on CO2 emissions emerged, the practice of tankering became frowned upon as the increased fuel burn means increased emissions. The request by Heathrow that airlines should aim to limit the fuel they require to be uplifted there means that airlines flying into Heathrow have to take part in tankering. Practically speaking, aircraft flying in from far away destinations will use almost all of their fuel capacity so there will be little option. That is, a B777 inbound from Singapore to Heathrow won’t be able to carry enough fuel for the return trip. However, IBA estimates that around 60 inbound flights every day into Heathrow from regions such as US East Coast and the Middle East could leave their departure airport with enough fuel for the return trip. In a hypothetical example, take a New York JFK to Heathrow return flight of a B777-300ER. A 777-300ER is chosen as it is capable of carrying very high fuel loads, in this example, enough for a return transatlantic flight. Departing from JFK the airline would determine the “trip fuel” being the estimated fuel burn based on the sector characteristic and aircraft weight plus various contingency for diversion/weather issues. For this example, it’s taken as a round-figure fuel load of 60 tonnes, although the fuel burn may be considerably less. Given the request that the airline should bring in as much fuel as possible, the airline will need to depart with a much higher fuel load, in this case, it is assumed an additional 50 tonnes. Hence the aircraft will depart JFK with 110 tonnes of fuel on board. The extra 50 tonnes will also require additional fuel to be used in order to carry the excess weight. Typically, the factor of this will be based on the following for that sector: for every additional 1 tonne of fuel over and above the original planned fuel the additional fuel burn will be 0.2 per tonne. Therefore, in this example, the additional 50 tonnes will burn 10 tonnes of fuel. In CO2 terms this is over 30 tonnes of additional CO2 that will be “used/wasted” to carry that additional fuel. If we assume 60 similar flights per day out of Heathrow this results in 1800 tonnes of used/wasted CO2 per day, or 16,200 tonnes of used/wasted CO2 over the forecasted 9-day issue, being emitted around the planet. Discover IBA NetZero, the definitive commercial aviation carbon calculator. Book a demo today -ENDS- IBA media contacts Charlie Hampton / Faye ClarkeEmail: [email protected] / [email protected]: +44 (0)7884 187297
IBA发布的最新飞机市场情报报告（AMIR）显示，商用飞机市场订单激增，整体市场价值回升。 据全球领先的航空市场情报和咨询公司最新发布的季度报告，空客A320neo系列在最近的巴黎航展上包揽了大部分窄体机订单，其中靛蓝航空公司的订单达到创纪录的500架。此外，各大航空公司还在展会上对宽体飞机做出了大额订单承诺，包括约50架空客A350和30架波音787。 新窄体机 IBA Insight情报平台的数据显示，波音737 MAX 8机队目前正在加速交付，交付数量已超过1,100架。在需求强劲以及该机型早期停飞后又复飞的背景下，停机率和存储率较前几个季度有所下降。第二季度该飞机的租赁价格约为35万美元，空客A320neo的租赁价格与之持平。 2023年6月，巴黎航展上订单的激增凸显了运营商对新飞机的强劲需求，以实现其机队的增长和更新。空客A320neo系列包揽了巴黎航展的大部分窄体飞机订单，其中靛蓝航空公司的订单达到创纪录的500架。波音公司第二季度还赢得了MAX系列的新订单，出租商Avolon在巴黎航展上订购了40架MAX 8。此外，瑞安航空在5月份承诺购买150架MAX 10，这是MAX系列最大的机型，并且后续还可能增购150架。 MAX 8和A320neo的市场价值继续趋同，这一趋势预计将持续到第三季度。第二季度，这两种机型的新机价格在5,150万至5,300万美元之间，其中A320neo略有溢价但正在收窄。IBA的情报显示，强劲的需求、新飞机定价的飙升以及持续的高利率环境将推动该类别资产的价值和租赁价格在第三季度进一步上涨。 二手窄体机 二手窄体机市场的价值持续回升，广受欢迎的波音737-800的市场价值继续回升至基准值。这款飞机在客运市场和“客改货”领域备受青睐，从而推动了价值回升，预计这一趋势将持续到第三季度。 竞争对手空客A320ceo的价值也持续回升，虽然该飞机去年的价值较为低迷，但相对于第一季度所报告的同类机型而言，复苏仍在继续显现。事实证明，二手窄体机是航空公司填补北半球夏季航班的重要运力来源，而新窄体机的交付量仍然低迷。 尽管A320ceo的价值尚处于回升，但737-800却仍处于溢价，其中10年机龄的A320ceo在第二季度的价格低于2,000万美元，而737-800的价格则为2,000万美元左右。 市场反馈表明，航空公司之间争夺可用资产的竞争日益激烈，导致租赁价格明显飙升。这可以作为价值表现的重要指标，因此IBA对2023年窄体机市场这一领域的价值前景持乐观态度。 新宽体机 IBA的数据显示，包括空客A350、波音787和空客A330neo在内的新宽体机行情向好，主要得益于新冠疫情后长途市场的复苏以及原始设备制造商供应新飞机的速度缓慢。为了利用这一长期复苏的机会，航空公司在六月的巴黎航展上对宽体飞机做出了重大订单承诺。客户承诺购买约50架空客A350和30架波音787，其中787-9和空客A350-1000是最受欢迎的机型。 在整个787系列中，787-9的需求最为强劲，因为整体市场需求已从-8转向-9。同样，A350-900是该系列中最受欢迎的机型，订单接近800架，交付量上升至500架。 最近的订单似乎集中在较大的A350-1000机型上。虽然尚不清楚这是否会发展为长期趋势，但强大的运营商基础、卓越的有效载荷范围能力以及由800多架飞机组成的大型波音777-300ER机队需要长期更换，表明这一趋势可能会持续一段时间。特别是，波音777-9要到2025年才能投入使用。 IBA Insight的数据显示，新宽体机的市场价值在第二季度继续复苏，2023年下半年的前景乐观。第二季度，新空客A350-900的价值约为1.5亿美元（具体取决于规格），而新A350-1000的价值接近1.7亿美元。新波音787-10的价值接近1.6亿美元，而中型787-9的价值约为1.4亿美元。 二手宽体机 中龄宽体机的市场也受益于长途旅行的持续复苏。IBA的报告显示，国际运输量尚未完全恢复到疫情前的水平，但由于供应链和劳动力短缺，航空公司将重点转向保留现有机队、重新启用存储的飞机以及引进上一代飞机，以增加运力。尽管空客A330ceo系列飞机的存储和停放率相对较高，占机队的20%以上，但市场对于维护状况良好的飞机的需求仍然强劲。 空客A330-300“客改货”的需求上涨，以及客运需求的反弹，带动了价值和租赁价格的回升。第二季度，一架机龄10年的中龄A330-300飞机的市场价值接近2,000万美元，租赁价格约为每月20万美元。 波音777-300ER是欧洲和亚洲之间运输量逐渐复苏以及国家/地区之间每周长途运输需求稳定增长的受益者。第二季度，其租赁量增加了一倍多，卡塔尔航空和土耳其航空等大型航空公司均租赁了该型号飞机。在主要运营商持续延长租约的背景下，该机型需求的上涨为第三季度的价值和租赁价格创造了乐观的前景。 第二季度，一架机龄5年的中龄波音777-300ER的价格约为6,100万美元，而一架机龄10年的普通飞机的价格在3,000万至3,500万美元之间。除此之外，波音777-300ER的租赁价格约为每月35万美元，然而一些租约的延期价格甚至高于此价格。 货机 IBA AMIR的数据还揭示了对货机市场的洞察。IBA此前曾报告称，尽管货运市场疲软，空客A330‑300P2F的价值仍继续表现出弹性。原料价格上涨和供应下降的背景促成了这一趋势。IBA一直在观察客户在购买飞机时考虑改装的情况，其中DHL在第二季度购买了一架2012年老式飞机，用于进行改装和运营。 第二季度，2007年至2013年的老式A330-300P2F飞机的市场价值为3,500万美元至4,500万美元之间。 尽管原料不断减少，并且包括DHL和亚马逊在内的一些主要运营商转向更新的A330改装产品，第二季度以色列航空集团（IAI）Bedek部门的特拉维夫改装工厂仍在继续将波音767-300ER客机改装为货机。第二季度，近期改装的2000年中期的老式飞机在中龄飞机市场上的价格为2,500万至3,000万美元之间。第二季度的租赁价格大致在每月25万至30万美元之间。 在工厂货机市场，777F依旧是OEM的唯一选择，并保持稳定的价值和租赁价格。第二季度新飞机的市场价格在1.57亿至1.63亿美元之间。每月租赁价格在125万美元至135万美元之间，具体取决于信贷和租赁条款。 客用777-300ER市场的持续复苏可能会导致原料供应紧张并拖慢改装速度。由于A350F还有四年时间才上市，而777-8F的上市时间则更久，波音777F在未来几年应该会继续享有乐观的前景。 - 完 - Note to Editors Copies of IBA’s Aircraft Market Intelligence Reports are available to be used upon request. While data and insights may be re-used if credited to IBA, the report may not be copied or re-produced in full. To request a copy of the latest AMIR and EMIR (Engine Market Intelligence Reports) reports, 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 35 years of heritage and experience in aviation. Having won the Sustainable Technology award for its IBA NetZero platform in 2023 and for its Carbon Emissions Calculator in 2022, and being named 'Appraiser of the Year' by their clients for five years, 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
行业领先的航空市场情报和咨询公司IBA为其IBA Insight平台发布了一系列升级功能，包括全新提醒功能，以及与Aviator共同打造的行业新闻功能。 随着新功能的发布，IBA Insight订阅用户可以获取全球航空新闻，涉及航空业方方面面，其中不乏订单和交付情况，航空公司盈利、航线公告、初创企业、倒闭、融资和交易、ESG等相关新闻。 IBA同时将提醒功能引入IBA Insight平台，允许用户根据新闻和数据库变化(如订单、事件、状态和组织变化)创建并定制提醒。用户可以将提醒的时间间隔设置为每天，每周或每月，平台将向客户发送带有下载链接的电子邮件，其中包含与指定提醒相关的文章和数据。 通过订单提醒功能，如果产生新的飞机订单，用户会立即收到相关信息。用户可以按照飞机系列、类型、型号或运营商筛选提醒内容。事件提醒可以帮助用户监控关于飞机类型或航空公司的重大事件。从交付、租赁开始和结束，再到损坏和飞机退役，提醒功能的涵盖范围十分全面。 另外，用户现在还可以选择状态提醒。凭借状态提醒，用户能够及时了解他们感兴趣的飞机运行状态变化，诸如哪些资产已经从存储状态恢复到运营服务状态，哪些飞机已经从现役转为停放状态。 以更广阔的视角来审视组织情况，用户现在可以根据飞机的组织变化创建提醒，可以得知飞机所有者、管理者或运营商的动态变化。凭借组织提醒，用户可以跟踪哪些飞机正在进行交易，以及所涉及的运营机构和金融机构。 IBA产品开发和数字化转型总监Nick Stafford表示: “我们一直在寻找新颖的方法，确保用户获得足够多的事件背景和参考数据，为他们做出有效决策提供帮助。现在，IBA Insight不仅能够让用户在平台上获得易执行的行业洞见资讯，还能通过每天更新的新闻和数据提醒主动提示您注意行业动向。” 请点击此处，获取更多关于IBA Insight和IBA NetZero的信息。 -完- 关于IBA IBA 提供世界顶尖的航空咨询专业分析，以及最前沿和易执行的数据洞见，所有这些分析和洞见都来源于一支以客户为中心且经验丰富的专家团队。 作为一家独立、创新且富有前瞻性的企业，IBA 在航空领域拥有 35 余年的资历和经验。IBA连续五年被客户评为“年度评估机构”，最近又凭借碳排放计算器连续斩获“可持续技术大奖”。对于诚信、独立和持续创新的企业精神，IBA深以为荣。 IBA 的成功离不开每一位IBA人的全力投入——他们分布全球各地，是一支行业顶尖，实打实的专家团队，对航空业充满热情，并一直在加倍努力，以求为客户提供更好的服务。 如需更多信息，请访问 www.iba.aero
在本周举办的网络研讨会上，行业领先的航空市场情报和咨询公司IBA概述了直升机市场的乐观前景。 IBA专家小组指出，目前航空市场存在关键积极因素，包括直升机租赁需求的持续增长、供应链压力的缓解、EMS（紧急医疗服务）及海上风电场等领域的增长潜力，以及超级中型直升机品类的成功引进和稳健发展。 纵览整个航空市场，IBA列出的可处理价值超过550亿美元，目前全球有超过22,000架“西方制造”涡轮直升机。近年来，相似机型的年平均交付量约为500架，而2022年则较为特殊，供应链问题导致当年交付量不足500架。IBA预测，相关机型的交付量将于2023年恢复到475—525架。 欧洲和北美洲租赁渗透率位列世界之首，亚洲和南美洲排名紧随其后，Leonardo AW139 和 Sikorsky S-92A在租赁市场遥遥领先，风头无两。 轻型直升机市场成为最大的细分市场，此类机型仍然在急救（EMS）、公用事业和短程运输任务中发挥核心作用。在此类机型中，空客 H125、空客 H145以及Bell 407最受欢迎，前五年的年平均交付量为350架。IBA预计，2023年轻型直升机交付量将多达360架。 到2023年中期，中型直升机机队将扩大到约3800架，用于各种用途，其中包括急救（EMS）、搜救（SAR）以及海上作业。其中最受欢迎的机型是Leonardo AW139，Leonardo AW169，Bell 412和空客 H155。IBA预测，其交付量将在2023年大幅增加，相比于2022年的55架，直升机将交付多达75架。 对于以分别于2013年及2014年发布的Leonardo AW189和空客 H175为主的新型超级中型直升机机型，鉴于其无与伦比的运营性价比，许多人将其视为现役重型直升机的绝佳替代方案。IBA预计，2023年，此类机型交付量将多达10架。 目前，空客 H225 和Sikorsky S-92系列正强势占据重型直升机的主导地位。自2016年以来，此类直升机的交付率持续低迷，然而，由于油价上涨和海上活动水平提高的驱动，其二手市场正在显著复苏。然而，此类直升机的交付率仍然增速迟缓，IBA估计，2023年的交付率将停滞在4架。 IBA预测，许多关键直升机运营部门将迎来蓬勃发展，其中，最为瞩目的当属急救板块，估计在未来十年内，急救的市场份额将从14%增长到19%。随着海上风电场强势增长的大力推动，海上作业将迎来蓬勃发展，其市场份额预计将从4%增长至7%，而消防作业将从2%增长至3%。 各类直升机的价值在疫情之后都有所恢复，但重型直升机则稍显落后。轻型、中型和超级中型直升机的市场价值分别为基础值的115%、111%和106%，IBA预测所有直升机类别的价值在2023年和2024年得到进一步增长。然而，重型直升机的市场价值目前维持在基础价值的80%，前景不甚明朗。 直升机的租赁价格也出现显著回升，而各类机型的对应增长趋势与其市场价值趋势基本持平。目前，轻型直升机的租赁价格为2019年水平的112%，中型和超中型皆为110%，而且根据IBA的预测，2023年和2024年还会出现进一步增长。与其晦暗的价值前景相似，重型直升机的近期租赁价格仍然前途未卜，油价变动将成为影响其价格变动的关键因素。只有石油价格维持在目前水平或出现新的增长，重型直升机租赁价格的前景才能保持乐观。 -结束- 关于IBA IBA 提供世界顶尖的航空咨询专业分析，以及最前沿和易执行的数据洞见，所有这些分析和洞见都来源于一支以客户为中心且经验丰富的专家团队。 作为一家独立、创新且富有前瞻性的企业，IBA 在航空领域拥有 35 余年的资历和经验。IBA连续五年被客户评为“年度评估机构”，最近又凭借碳排放计算器连续斩获“可持续技术大奖”。对于诚信、独立和持续创新的企业精神，IBA深以为荣。 IBA 的成功离不开每一位IBA人的全力投入——他们分布全球各地，是一支行业顶尖，实打实的专家团队，对航空业充满热情，并一直在加倍努力，以求为客户提供更好的服务。 如需更多信息，请访问 www.iba.aero IBA媒体联系人 Charlie Hampton/Faye Clarke 电子邮箱：[email protected] / [email protected] 电话: +44 (0)7884 187297
Over the past few weeks, we have been focusing heavily on supply chain, order rumours, regional growth, ESG, rising costs, failures pointing the blame at reliability and strengthening airline results; probably the key factors that have so far defined the mood of 2023. That mood has a chance to thoroughly express itself in one week’s time as we head to Paris Air Show after a four-year break. So, IBA has been focusing on considering all the rumours and other key factors, and combining them with our own analysis to develop our customary pre-show predictions. Of course, as we all know, deals aren’t struck at air shows. However, they are the public face of where airlines and lessors can play their hand in securing future market share, the primary PR events for OEMs across all aviation sectors, and serve equally well as the industry barometer to close off the first half of the year.
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.
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.
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.
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.
- 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.
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.
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, 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.
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.
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.
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.
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.”
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.
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.
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.
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.
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.
- 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 -
屡获殊荣的航空分析和咨询公司IBA在著名的Airline Economics航空百强奖评选中荣获2022年年度评估机构。迄今为止，公司已第五次获得该称号，之前分别于2012年、2018年、2020年和2021年获得该奖项。 此外，IBA的碳排放计算器赢得了Airline Economics的首个百大航空可持续发展技术奖，这是为表彰可持续金融和技术方面的成就而推出的一个全新奖项。 该奖项由专家评审团评定。今年，Airline Economics要求航空行业考量各家公司对新冠疫情的反应，包括他们筹集额外资金、管理新运营环境的能力以及整体危机应对和恢复的能力。 整个2021年，IBA进行了8000多次投资组合估值和评估，并继续评估超过90%的资产支持证券(ABS)和增强型设备信任证书 (EETC)结构。在这一年中，公司任命Geoffrey van Klaveren为董事总经理，业务顾问，负责监管IBA的所有专业服务以及管理新加入美国及亚太地区的团队成员，从而加强了IBA估值服务能力。 IBA总裁Phil Seymour表示： “自公司成立以来，估值一直是IBA工作的核心，我们非常荣幸能够获得客户的认可，授予我们这一享有盛誉的奖项。” “已经证实，我们的碳排放计算器为租赁商和金融机构带来了重大变革，因为他们现在可以看到准确、独家的机队排放图，为他们指导长期规划提供更有效的见解。” 在过去的12个月里，IBA的InsightIQ智能数据平台提供了集成和直观的飞行分析，每年跟踪超过3500万架次航班和超过65000架商用飞机。该平台提供超过65年的商用飞机和发动机专有机队数据、价值、航班使用信息、市场数据、碳排放模型和航空新闻。 碳排放计算器(CEC)是IBA在2021年对该平台进行的一项重要升级。碳排放计算器使用户能够分析和比较航空公司和租赁商Scope 1的排放情况。 此外，IBA还举办了一系列由ISTAT认证专家主持的行业网络研讨会。网络研讨会涉及各类主题，其中就包括2050航空净零目标的影响以及探讨如何跟进宽体和窄体飞机全球复苏情况以及发动机价值范围。这些网络研讨会为评估师们提供全面的市场视角。 有关IBA咨询和估值服务的更多信息，请访问：https://www.iba.aero/advisory-and-valuations/valuations/ -结束- 关于IBA IBA在提供航空业独立、专业的业务分析和情报方面拥有30多年的经验。公司成立于1988年，提供广泛的服务，其中包括结合了速度、准确性、可视化分析和直观导航的一站式智能平台InsightIQ。 IBA为著名的投资基金和银行、飞机租赁公司、运营商、制造商和 MRO提供咨询服务。2021年3月，IBA第四次被Airline Economics评为 “年度评估机构” 。 如需更多信息，请访问 www.iba.aero IBA媒体联系人 Esther Molina 电子邮箱：[email protected] 电话: +60 11 5649 5594
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
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. www.icmagroup.org@ICMAgroup 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/
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
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.
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.
- ETS covers only 11% of commercial aviation emissions in 2020 - - Premium seating and older aircraft impact emissions efficiency - Independent carbon emissions analysis for airlines and lessors, aircraft portfolios and regions is now easily accessible following the launch today of a Carbon Emissions Calculator (CEC) by the leading aviation data and advisory company 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.
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.
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.
- 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 -
- 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.
- 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.
- 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.
- 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.
- 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.
8th July, 2020: IBA, the leading aviation data and advisory company, has adjusted its market values for all commercial passenger aircraft types across the widebody, narrowbody, regional jet and turboprop categories to reflect the impact of Covid-19.
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.
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.
Slow aviation recovery in China points to longer term global fleet grounding 17th April, 2020: With almost two thirds of all aircraft financed by asset backed securities (ABS) now grounded due to the COVID-19 crisis, receipts of both aircraft rental and maintenance payments are likely to fall, according to leading aviation consultants IBA in a report today.
Huge losses expected for airlines but ABS defaults unlikely Aircraft lease rates and values forecast to fall 2nd April, 2020: Downgrades are expected to the credit ratings of airlines' aircraft asset-backed securities (ABS) as they struggle to meet the challenges of COVID-19, according to leading aviation consultants IBA and Split Rock Aviation in a report today.
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.
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.