IBA: Narrowbody values recover to pre-pandemic levels

The Airbus A320neo and Boeing 737MAX will dominate the narrowbody market, as per the latest IBA report. The report showed that the global capacity recovery towards 2019 has slowed in the second half of 2022 but will continue in 2023 and this slow recovery rate is due to Asia Pacific, which is still at just 55% of the 2019 level as on October 2022. IBA also throws light on how the narrowbody market values have broadly recovered to pre-pandemic levels. Citing this with an example, the 2022 base value of the new A320neo is 3.5% higher than 2019, and the