Connecting the Mediterranean with the rest of Europe WINGX Market Intelligence www.wingx-advance.com 2013 by WINGX Advance / Actionable Market Intelligence for Business Aviation BAM issue 9/13/2013
The business aviation activity cycle in Europe Double dip. On track for 2-3% contraction on 2012. Departures per month 80.000 Growth path 2006-2008 Recovery corridor 75.000 70.000 65.000 60.000 55.000 50.000 45.000 40.000 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 2008 2009 2010 2011 2012 2013 Including seasonal variation Excl. seasonal variation 2013 by WINGX Advance / Actionable Market Intelligence for Business Aviation BAI issue9/13/2013 2
European Business Aviation departure growth in August Latest data: mostly red, but Western Europe and Med recovery Total Europe: +0,8% August 2013 YOY IS -2,3-18,4 FI NO -3,4 +0,1 SE -16,5 EE -4,8 DK +14,5 LA -3,1 IE UK -7,2 NL +12,2 BE +11,5 12,1 LU +2,6 F +2,5 CH -5,3 D -1,2 CZ -10,4 A -11,2 Sl LT +27,0 BY +22,2-17,4 PL UA -4,9 SA -15,1 HG +51,0 MD -16,2 RO HR -0,6 +26,3 RU -4,1 PT +30,3 ES +19,5 +3,4 I -1,7 BA -4,8 RS +4,9 BG XY + 1,2-1,2 XY % MA -8,7 AL 2013 by WINGX Advance / Actionable Market Intelligence for Business Aviation BAI issue 9/13/2013 3 +11.5 GR +5,2 +0,1 CY TR +4,6
Selected major Mediterranean markets August YTD 2013 Through this year, some recovery in Eastern Med (Malta highlight) MED FRANCE 0,7 ITALY 5,5 CROATIA 0,3 SPAIN 2,6 GREECE 4,3 TURKEY 5,2 MOROCCO 2,5 ALGERIA 9,4 TUNISIA 19,9 MALTA 13,4 CYPRUS 4,9 ISRAEL 7,1 LIBYA 7,7 EGYPT 20,0 XY + 1,2-1,2 XY % 2013 by WINGX Advance / Actionable Market Intelligence for Business Aviation BAI issue 9/13/2013 4
European regional activity, 2008-2012 Med took the brunt of recession (25,000 flights fewer) EUROPE Western Europe Mediterranean BizAv Departures Eastern Europe Growth 15,0 700.000 600.000 601.550 564.596 10,0 11,1% 500.000 5,0 400.000 0,0 300.000 200.000 100.000 170.387 95.071 145.594 105.616-5,0-10,0-6,1% 0 2008 2012-15,0-14,6% 2012 vs. 2008 Source: WINGX Advance, Roland Berger Strategy Consultants 5
Med regional activity, 2008-2012 Mixed pattern, but mostly declining markets MED Deps 2013YTD 45.000 40.000 Italy 35.000 30.000 Spain 25.000 20.000 15.000 10.000 Slovenia Croatia Greece Turkey 5.000 Tunisia Egypt 0-40,0 Gibraltar Israel Libya Albania Cyprus -30,0-20,0-10,0 Bosnia and Herzegovina 0,0 Morocco Algeria Lebanon Malta 10,0 20,0 30,0 40,0 50,0 60,0 70,0 2013YTD vs 2008YTD 2013 by WINGX Advance / Actionable Market Intelligence for Business Aviation 9/13/2013 6
Distribution of flights in Med market, 2013 YTD Top 5 c.85% of market. Italy and Spain taking market down YTD MED Total departures (2013: YTD) Additional departures per month YTD growth August YOY growth Italy 40,114 Spain 31,501 Turkey 17,869 Greece 8,464 Croatia 4,732 Morocco 3,398 Israel 1,863 Slovenia 1,841 Cyprus 1,426 Lebanon 1,216 Egypt 1,211 Malta 908 Tunisia 745 Algeria 710 Bosnia and Herzegovina 408 Libya 395 Gibraltar 226 Albania 168 Grand Total 117,195-292 -103-303 -2-11 -38-9 -23-9 -15-4 -6 15 1 2 44 25 13 110-14.2% -19.9% -22.7% -23.3% -5.5% -2.6% -2.5% -4.9% -9.4% -0.3% -7.7% -2.0% 5.2% 4.3% 7.1% 0.7% 20.0% 13.4% 5.6% -39.9% -5.2% -12.4% -6.5% 3.1% 17.4% 11.0% 4.0% 4.2% 9.9% 0.5% 11.8% 11.5% 1.5% 12.2% 29.6% 8.1% 39.2% 125.0% X,N,G 2013 by WINGX Advance / Actionable Market Intelligence for Business Aviation BAI issue9/13/2013 7
Monthly departure trends (YOY) by mission type Last 18 months: consistently down, private most MED Thds. of departures YOY Private YOY Charter YOY Other Jan.-12 3,0 5,1 1,7 9,9-4,1% -8,6% 18,3% Febr.-12 3,0 5,3 1,9 10,2-16,3% -7,3% 3,8% März-12 Apr.-12 4,1 6,2 4,0 6,7 2,3 12,6 1,8 12,5-20,3% -1,1% -0,6% -4,2% -0,1% 22,6% Mai-12 5,3 8,1 2,5 15,9-8,6% -6,5% 5,0% Juni-12 Juli-12 5,9 10,2 6,6 12,3 2,2 18,3 2,4 21,3-11,1% -13,0% -1,7% -5,6% 7,9% 15,2% Aug.-12 5,6 11,2 2,1 19,0-9,3% -0,7% 1,4% Sept.-12 5,1 9,2 2,1 16,4-15,9% 0,1% -11,0% Okt.-12 4,3 7,5 2,2 14,0-11,9% -8,7% -3,7% Nov.-12 Dez.-12 3,3 2,6 6,0 1,8 4,8 1,4 8,9 11,0-15,2% -14,9% -8,0% -14,5% -10,7% -16,8% Jan.-13 2,8 4,6 1,5 9,0-6,7% -10,4% -10,1% Febr.-13 März-13 3,0 4,9 1,7 9,7 3,3 5,7 1,8 10,8-6,7% 0,4% -10,4% -6,4% -10,1% -10,0% Apr.-13 4,0 6,4 2,1 12,5-18,7% -7,5% -22,6% Mai-13 Juni-13 5,0 8,6 2,2 15,8 5,8 10,1 2,5 18,4-5,8% 0,4% -3,7% 6,4% -10,3% 13,5% Juli-13 6,3 11,9 2,3 20,5-1,5% -1,3% 10,7% Aug.-13 5,8 12,2 2,5 20,5-4,3% -3,2% -4,1% Private Charter Other 2013 by WINGX Advance / Actionable Market Intelligence for Business Aviation BAI issue9/13/2013 8
TOP 20 Destination Countries from Med countries Growth destinations: Turkey, Russia, Ukraine, Saudi MED Arrivals: 2013 YTD YTD growth Italy Spain France Germany UK Switzerland Russia Greece Austria Morocco Croatia Ukraine Serbia and Montenegro Portugal Czech Republic Belgium Saudi Arabia Slovenia Israel 1,935 1,733 1,392 1,107 1,077 1,036 971 820 801 784 2,804 5,653 4,889 4,867 6,897 6,541 11,592 Turkey 11,331 20,354 17,796-10.2% -5.4% -1.0% -9.1% -3.3% -16.8% -0.1% -5.4% 0.1% 8.8% 2.0% 0.0% 4.9% 2.3% 1.8% 7.2% 8.5% 9.2% 22.3% 28.1% 2013 by WINGX Advance / Actionable Market Intelligence for Business Aviation BAI issue9/13/2013 9
Share of activity in smaller Med markets (15-20%) Morocco is largest, Egypt fastest growing. Malta & Cyprus. SMALL MED Bos & Her, 408 Libya, 395 Gibraltar, 226 Albania, 168 Algeria, 710 Tunisia, 745 Malta, 908 Morocco, 3398 Egypt, 1211 Israel, 1863 Lebanon, 1216 Cyprus, 1426 Slovenia, 1841 2013 by WINGX Advance / Actionable Market Intelligence for Business Aviation BAI issue9/13/2013 10
Top 30 City Pairs in July Charter only, small markets Thessanoliki, Larnaca, Ben Gurion. Enfidha-Stuttgart. SMALL MED LGTS-UUWW LCLK-UUWW LLBG-UUWW HEGN-UWKD GMMX-LFPB DAUH-LEMD HEGN-UWWW LGSR-LGAV LCLK-LLBG LLBG-LCLK LGAV-LGSR DTNH-EDDS HESH-UUDD HEGN-UWUU LGKR-LGAV LGAV-LYBE OLBA-LCLK LGAV-UUWW OLBA-LFMN LCLK-OLBA LGAV-LGKR HEGN-USPP LGAV-LTFJ LGAV-LFMN LGAV-LSGG LGAV-LGTS LLBG-EGGW LGMK-LTBA LLBG-LSGG LLBG-LFMN Charter Flights: 2013 YTD 69 67 66 66 64 64 59 57 55 54 54 51 48 46 43 43 41 40 39 38 36 35 33 33 32 31 30 29 28 28-3 -35-13 -6-14 50 20 14 16 136 200 6 26 260 77 59 59 8 67 39 15 16 94 18 41 YTD growth % 314 22 65 1.175 4.700 2013 by WINGX Advance / Actionable Market Intelligence for Business Aviation BAI issue9/13/2013 11
Top 30 City Pairs in July Private only More concentration. Top of list Morocco domestic. SMALL MED GMMB-GMFF GMFF-GMMB LJMB-LOWG LGAV-LGMK LGMK-LGAV LGSA-LGSA LLBG-LCLK GMMB-GMME LCLK-LLBG OLBA-OERK LLBG-EGGW OLBA-LCLK LCLK-LGAV LGAV-LGAV GMME-GMMB LCLK-UUWW LLBG-EINN LCLK-OLBA LGAV-LGKR GMMB-GMMB LLBG-UUWW LJLJ-LYBE LGIR-LGSR LLSD-LCLK OLBA-LFMN LGSR-LGIR LLBG-LFMN LGAV-LCLK GMMN-LEMG Private Flights 2013 YTD 71 64 60 54 53 51 49 49 43 42 41 41 38 37 37 34 34 32 32 32 31 31 31 30 30 29 123 105 104 Beirut- Riyadh -1-4 -2-16 -32-16 -25-3 -44-3 -16-28 -28-6 -41 YTD growth % 17 26 10 3 4 19 14 20 35 26 9 58 123 156 2013 by WINGX Advance / Actionable Market Intelligence for Business Aviation BAI issue9/13/2013 12
The historical trend for business aviation in Malta Activity on upward trend, with 2013 summer peak MALTA TOTAL Departures per month Growth path 2010-2011 150 Recovery corridor 140 130 120 110 100 90 80 70 60 50 40 30 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 2008 2009 2010 2011 2012 2013 Including seasonal variation Excl. seasonal variation 2013 by WINGX Advance / Actionable Market Intelligence for Business Aviation BAI issue9/13/2013 13
Monthly departure trends by mission type, YTD Growth mainly private, big boost in July. August? MALTA 0 50 100 150 Departures Jan.-13 29 30 59 YOY growth Private 38,1% -40,0% YOY growth Charter Febr.-13 26 28 54-18,8% -33,3% Mar-13 44 46 90 18,9% 15,0% Apr.-13 25 60 85-21,9% 15,4% May- 13 57 54 111 23,9% -16,9% Jun-13 55 67 122 5,8% -6,9% Jul-13 78 71 149 59,2% 1,4% Private Charter 2013 by WINGX Advance / Actionable Market Intelligence for Business Aviation BAI issue9/13/2013 14
Top 30 City Pairs from and to Malta, in 2013 YTD Libya, Tunisia, Brussels, Paris. Geneva/Tripoli down. Catania up. MALTA Private: Top 30 City Pairs 2013 YTD (with change in frequency compared to Jul 2012 YTD) Rank City Pair Freq. + /- 1. LUQA-MITIGA 25 15 2. CARTHAGE-LUQA 21 16 3. LUQA-BRUSSELS NATL 20 8 4. LUQA-LE BOURGET 19 5 5. KING KHALID INTL-LUQA 18 4 6. BRUSSELS NATL-LUQA 18 8 7. LE BOURGET-LUQA 18 1 8. MANDELIEU-LUQA 17 4 9. LUQA-ZURICH 17 4 10. NICE COTE D'AZUR-LUQA 17-3 Rank City Pair Freq. + /- 11. LUQA-NICE COTE D'AZUR 17-4 12. GENEVA-LUQA 17-10 13. LUQA-GENEVA 17-14 14. LUQA-MANDELIEU 15 1 15. LUQA-TRIPOLI INTL 14-32 16. CATANIA FONTANAROSSA-LUQA 14-20 17. LUQA-LUTON 13 4 18. ZURICH-LUQA 13 2 19. CIAMPINO-LUQA 13-9 20. LUQA-PALERMO 12 4 Rank City Pair Freq. + /- 21. MITIGA-LUQA 12-1 22. LUQA-LINATE 12 1 23. LUQA-CATANIA FONTANAROSSA 12-21 24. LUTON-LUQA 11 4 25. LUQA-KING ABDUL AZIZ INTL 11 6 26. PALERMO-LUQA 10 2 27. SANTA MARIA-LUQA 10 7 28. LUQA-ELEFTHERIOS VENIZELOS 10 7 29. SABIHA GOKCEN-LUQA 9 7 30 LUQA-VNUKOVO 9-1 2013 by WINGX Advance / Actionable Market Intelligence for Business Aviation BAI issue9/13/2013 15
Departures by aircraft segment and trip category, July YOY Heavy Jets dominate. Low rep by VLJ, TP and Piston. MALTA MALTA EUROPE max. 1.5 h 1.5h to 3h 3h to 6h more than 6h Total 2013 (Jan - Jul) Departures-Aug-2013 Bizliner 22,2% 55,6% 22,2% 36 36 1.942 ltra Long Range 33,3% 33,3% 13,3% 20,0% 30 30 4.555 Heavy jet 18,1% 47,1% 24,6% 10,1% 138 138 10.107 uper midsize jet 6,5% 65,2% 23,9% 4,3% 46 46 3.577 Midsize jet 13,0% 68,5% 18,5% 92 92 4.899 Super Light jet 21,0% 67,7% 11,3% 62 62 6.165 Light Jet 18,1% 66,0% 16,0% 94 94 8.999 Entry Level jet 6,7% 73,3% 20,0% 15 Very Light jet 66,7% 33,3% 12 15 12 1.960 3.031 Turboprop 18,2% 24,7% 42,9% 14,3% 77 Piston 20,6% 33,8% 44,1% 68 68 77 9.759 9.459 100% 2013 by WINGX Advance / Actionable Market Intelligence for Business Aviation BAI issue 9/13/2013 16
Top Aircraft activity, by flight departures 2013 (Jan-Jul) Bravo and Challenger 600 are LJ and HJ workhorses, compare Europe MALTA Departures-2013 65 60 CESSNA-Cessna Excel/XLS 55 BOMBARDIER-Challenger 600 series 50 HAWKER BEECHCRAFT-700-800 45 AIRBUS-A-319 40 LEARJET-60 CESSNA-Citation II/Bravo 35 30 CESSNA-Citation Sovereign DASSAULT-Falcon 2000 25 GULFSTREAM-IV/G400 20 CESSNA-CitationJet/CJ1 15 10 5 LEARJET-35/36 BEECH-Super King Air 200 EMBRAER-ERJ-135 CESSNA-Citation CJ2 BOMBARDIER-Challenger 300 0 YOY Growth -50,0% -40,0% -30,0% -20,0% -10,0% 0,0% 10,0% 20,0% 30,0% 40,0% 50,0% 60,0% 70,0% 80,0% 90,0% 100,0% 110,0% 120,0% 130,0% 140,0% negative high 2013 by WINGX Advance / Actionable Market Intelligence for Business Aviation BAI issue 9/13/2013 17
18 WINGX Advance actionable market intelligence www.wingx-advance.com Free monthly MONITOR on request For aircraft operators & brokers For MRO providers For OEMs (airframe, engine) For lenders, insurers, investors For ground handling operations Aircraft movements by type, model, sector, cycles, routing, Origin & Destination 1 2 3 4 5 Airport movements incoming and outbound routings, by aircraft model and type City pair connections by aircraft model, type, by private and commercial, seasonal and historic Operator analysis by aircraft model, type, versus competition, across airports and city pairs Aircraft type tracking by hourly utilization, matched to ownership history and market pricing CONTACT Insight Reports Customised Research Surveys & Forecasts Strategic Consulting
Appendix 2013 by WINGX Advance / Actionable Market Intelligence for Business Aviation 9/13/2013 19
Top 15 Aircraft activity, by flight departures YOY July Europe reference point (see Bravo and 600 well down) EUROPE Departures-Jul-2013 6.000 5.500 5.000 CESSNA-Cessna Excel/XLS 4.500 DASSAULT-Falcon 2000 4.000 3.500 3.000 HAWKER BEECHCRAFT-700-800 CESSNA-CitationJet/CJ1 CESSNA-Citation CJ2 BOMBARDIER-Global Express 2.500 BOMBARDIER-Challenger 600 series CESSNA-Citation Mustang 2.000 PILATUS-PC-12 1.500 CESSNA-Citation II/Bravo 1.000 GULFSTREAM-V/G500 BOMBARDIER-Challenger 300 500 CESSNA-Citation CJ3 DASSAULT-Falcon 900 BEECH-Super King Air 200 0-16,0% -14,0% -12,0% -10,0% -8,0% -6,0% -4,0% -2,0% 0,0% 2,0% 4,0% 6,0% 8,0% 10,0% 12,0% 14,0% 16,0% 18,0% 20,0% YOY Growth negative high 2013 by WINGX Advance / Actionable Market Intelligence for Business Aviation BAI issue 9/13/2013 20
European growth pattern in Top 20 countries YTD The big markets are losing near 1500 flights per month MED 2013 by WINGX Advance / Actionable Market Intelligence for Business Aviation BAI issue9/13/2013 21