Guggenheim Partners, Business Aircraft Investments - Ukintpress ...

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Aircraft Market Attributes Cyclical Inefficient Regulated • Business aircraft market historically has been closely tied to the GDPs of the world’s economies, corporate profits, wealth trends and stock markets • Historically predictable recovery • Resale market transactions and inventory levels are leading indicators for a broader market recovery • Market recoveries are typically led by newer larger aircraft • Deliveries are trending more outside the traditional recovery markets of the US and Europe to emerging markets • There is no dominant clearing house in the market • Largest dealers transact 2-3% of all deals in market • No wholesale market (buy/resell) operating currently • Brokerages have become the norm where listing the account is key success factor • Existence of subjectivity on aircraft values • Creation of arbitrage for undervalued “in demand” aircraft • OEM pricing for new aircraft can vary by region or country • Transfer of ownership is highly regulated • Documentation of aircraft history is stringent • Aircraft operation and maintenance is highly regulated • International Registry (Cape Town Convention) provides additional security / central registration control for financiers
Guggenheim Partners, Business Aircraft Investments The Business Aircraft Valuation Cycle Chris Miller Managing Director Guggenheim Partners, Business Aircraft Investments
Page 1 and 2: Guggenheim Partners, Business Aircr
Page 3 and 4: Business Aircraft Value Cycle - Glo
Page 5 and 6: Asset Review and Valuation 1 Market
Page 7 and 8: Business Aircraft Demand - Tiered R
Page 9 and 10: Business Aircraft Value Cycle - OEM
Page 11: International Growth Global busines

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