Fleet utilization of regional jets is returning to pre-pandemic levels faster than that of turboprops, according to IBA, aviation data and advisory consultancy. Data from IBA’s InsightIQ platform indicates signs of recovery in regional jet fleet utilisation. Fleets were stored...
To read the full article, please log in or enter your email below:
Fleet utilization of regional jets is returning to pre-pandemic levels faster than that of turboprops, according to IBA, aviation data and advisory consultancy.
Data from IBA’s InsightIQ platform indicates signs of recovery in regional jet fleet utilisation. Fleets were stored or parked in large numbers in August 2020, with only 49% of Embraer E190 aircraft active. A year on, fleet usage has grown with E190 fleet utilisation rising to 70% , a significant increase although still behind the 89% pre-pandemic utilisation levels in August 2019.
By contrast, turboprops are seeing a slower return towards pre-pandemic levels than regional jets. While the pre-pandemic utilisation of the global ATR72-500 fleet was at 73% in August 2019, it dropped to 49% at the same time in 2020, and has since made only a slight recovery to 54% in August this year.
Turboprops continue to see increased activity across North America, Europe & CIS and Latin America, with moderate declines in activity were tracked in Africa and Asia Pacific. Meanwhile, regional jets are tracking downwards in Asia Pacific and the Middle East but upwards in all other regions.
There have already been a considerable number of orders for regional jets so far this year, with 100 having been placed already – compared to 171 in 2019. Conversely, orders for turboprops are yet to recover with just 3 registered orders having been made in 2021. This contrasts with the 63 ordered in 2019.
Both regional jet and turboprop values have begun to stabilise following a steep decline as a result of the pandemic, with the value profiles of E190LR and ATR72-500 models beginning to track base values again – albeit at a market value approaching soft value in many cases. Base values are unchanged for now, but remain on watch.
“The recovery in regional jets so far this year has far outstripped that of turboprops, although both have maintained a similarly steady upward trajectory in the last quarter," said Phil Seymour, IBA’s President. "The regional jet market is concentrated on the fast-recovering US region, but we are starting to see some positive movements in the turboprop market, driven in part by an uptick in flight utilisation in Europe. We expect to see a continuing recovery in the secondary market for these aircraft types, driven by a growth in traffic in certain global regions and by low production rates.”
The Trump administration has authorized a significant military transfer of weapon systems to Israel worth around US$3 billion, without a…
Vietnam has secured a US$680 million deal with Israel Aerospace Industries (IAI) for the purchase of two spy satellites. According…
U.S intelligence organizations are trying to confirm information about Iran receiving permission from Russia to assemble Su-35 and Su-30 fighter…
Baykar Technologies and Leonardo on Thursday signed a Memorandum of Understanding (MoU) to form a Italy-based joint venture for the…
SkyFive and Akses Prima Indonesia (API) have announced a partnership to introduce an Air-to-Ground (A2G) inflight connectivity network in Indonesia,…
Deutsche Aircraft has appointed Patricia Ferrari as Vice President of Supply Chain. She will oversee the company’s supply chain operations,…
The European Defence Agency (EDA) has selected Schiebel’s CAMCOPTER S-100 for its “Autonomous Systems for Cross-Domain Logistics (Air and Land)”…
Italy’s Urban Search and Rescue (USAR) teams have received advanced radar technology from Camero-Tech to assist in locating survivors in…
The Air Astana Group has increased its fleet to 60 aircraft following the arrival of a new Airbus A320neo in…
Lockheed Martin’s LM 400 technology demonstration is scheduled to launch no earlier than 15 March aboard a Firefly Aerospace Alpha…
Fly Across MRO has joined Embraer’s Authorised Service Centre Network for Executive Jets, providing base maintenance services for the Phenom…
LCR Embedded Systems has introduced the DK3HS-4, a four-slot VPX development platform designed to support 100Gb data rates (25Gb per…
Dedienne Aerospace has renewed its CFM LEAP tooling licence with CFM International for a further 10 years. The agreement extends…
FLUX GmbH (FLUX) has announced a new 300mm size option for its IND-MAX range of inductive angle encoders, designed for…
Orbit Communication Systems Ltd. has launched the MPT30Ka Deployable SATCOM System, a portable satellite communication terminal designed for rapid deployment…
AAR CORP. has entered into an exclusive distribution and licence agreement with BELAC LLC, a subsidiary of Chromalloy, for Parts…
Boeing's X-66 Sustainable Flight Demonstrator has completed two initial wind tunnel tests using scale models, a necessary step before a…
Assac Networks, a subsidiary of Aspis Cyber Technologies Inc., has secured a contract with a government authority in Asia to…
The U.S. Army’s Cold Regions Research and Engineering Laboratory (CRREL) has acquired a THeMIS Unmanned Ground Vehicle (UGV) from Milrem…
Muirhead has introduced BioPRO Foam, a protein-based aviation biofoam that is naturally fire-resistant. The patented material is made using hydrolysed…
Korean Air has introduced a new corporate value system as it commemorates its 56th anniversary. The initiative, called "KE Way,"…
Lockheed Martin has announced that the global fleet of F-35 aircraft has accumulated more than 1 million flight hours. The…
Three MH-139A Grey Wolf helicopters underwent Initial Operational Test and Evaluation (IOT&E) flights in January as part of efforts to…
BAE Systems and Hamek have signed a Memorandum of Understanding (MOU) by which they wili work together to support Norway’s…
Turkiye has offered Indonesia the opportunity to participate in the co-development and co-production of its domestically developed 5th-generation fighter jet,…
A Philippine Air Force (PAF) FA-50 fighter jet that went missing during a night operation has been located on Mount…
Singapore will procure two additional Type 218SG diesel-electric submarines, Defence Minister Ng Eng Hen announced in a parliamentary statement on…
Mitsubishi Heavy Industries (MHI) tested its unmanned aerial vehicles (UAVs) during Nankai Rescue 2024, a disaster response exercise led by…
Aselsan's GÖZDE Guidance Kit has made history by precisely striking a high-speed moving target during a test conducted with F-16…
Northrop Grumman and Hanwha have signed a Memorandum of Understanding (MOU) in connection with South Korea's Mine Countermeasures Helicopter (KMCH)…
Headquartered in Singapore with reporters spread across all major regions, GBP Aerospace & Defence is a leading media house that publishes three publications that serve the aerospace and defence sector - Asian Defence Technology, Asian Airlines & Aerospace and Daily News. Known industry-wide for quality journalism, GBP Aerospace & Defence is present at more international tradeshows and exhibitions than any other competing publication in the region.
For over three decades, our award-winning team of reporters has been producing top-notch content to help readers stay abreast of the latest developements in the field of commercial aviation, MRO, defence, and Space.
Copyright 2024. GBP. All Rights Reserved.
Home Defence & Security Space Commercial Aviation Maintence Repair & Overhaul Daily News Events About Us
2025 GBP all rights reserved.