Ahead of the Airline Economics Growth Frontier conference in Seoul, we analysed the development in the South Korean fleet and related aircraft values using VV Aviation data. Boeing 737-800 (10 year old) The Boeing 737-800 is the workhorse of the Korean fleet, accounting for one quarter of aircraft registered in South Korea. Although it is …

To mark the start of Airline Economics Growth Frontiers conference in Dublin next week, we have provided an overview of the Irish Commercial Passenger fleet using VV Aviation data. As the major hub for aircraft leasing, Ireland is home to a large number of aircraft owners who deploy their aircraft across the globe. This can …

Introduction Following the recent release of VV Aviation as a new VesselsValue brand, we revisit our comparative piece on Vessels versus Aircraft, to highlight the similarities and differences once again between the two asset types. Firstly, we compare the value changes since January 2020 for one of the largest common types of Bulker (Capesize) and …

Introduction The Aviation sector was hit hard during the pandemic, with a cumulative loss of over USD 200 billion according to IATA (International Air Transport Association). As a result, airlines and airports have had to continually adapt to survive. Since the start of the pandemic, the Aviation sector has had to contend with unprecedented disruption …

China has imposed travel restrictions on international arrivals since March 2020, to curb the spread of new variants. The global travel restrictions of 2020 vs. 2021 have widened net losses for airlines globally. As per publicly available financial reporting, of the three major Chinese carriers, Air China has been most affected, with a widening loss of 16% …

Following the events involving China Eastern Airlines Flight MU5735, which belonged to the Boeing 737 fleet, VesselsValue have used their aircraft specific database to delve into the fleet’s history, current status, ownership and utilisation. It has been a few months since China allowed the Boeing 737 MAX to continue commercial flights, however its elder sibling, …

The current crisis in Ukraine has sent shock waves through the commercial Aviation industry. Anyone with financial exposure to aircraft, controlled by Russian entities or otherwise connected to Russia is, unsurprisingly, concerned. Western sanctions, and Russia’s response to them, have raised important questions as to the validity of the assumptions underpinning appraised Market Values of …

Using VesselsValue’s aircraft activity data, we have been delving into the routes and countries that have continued to operate international flights into Russia between 1st and 17th March 2022, as shown in Figure 1 below. Over the last 17 days, we saw that most routes into Russia have been from the United Arab Emirates, with …

Caught Between a Rock and a Hard Place: Foreign Owners of Aircraft Based in Russia Following Russia’s invasion of Ukraine on the 24th February, there was strong international condemnation of the attack and fresh sanctions from the West. Aircraft lessors based in the European Union were given a month’s notice to terminate their lease contracts …