Textron Cessna INSIDE THIS EDITION

Very Light & Light Jets ✈ Marketplace Overview ✈ Market Summaries Market Briefing ✈ Citation Mustang Spring 2018 ✈ Citation CJ1 / CJ1+ ✈ Citation CJ2 / CJ2+ ✈ Citation CJ3 ✈ Citation CJ4 ✈ JetPak Aircraft Valuation ✈ About Holstein Aviation Marketplace Overview

SPRING 2018  During the preceding 12-month period (March 31st to Number For Sale 2018 2017 2016 the following April 1st), transactions closed faster than the previous two years, lowering by six days. Jets 2,025 2,375 2,433 Turboprops sold five days quicker, but the time to sell still Turboprops 1,076 1,182 1,260 will need to drop an additional 10 days to match the time required for a sale two years ago.  Percent For Sale Days On Market 2018 2017 2016 The largest increase in available aircraft was logged by the Lear 40, with a 100 percent gain. The greatest Jets 419 425 425 decline in aircraft for sale was an 81 percent drop for the Turboprops 469 474 459 Falcon 2000LX.

 Both new jet and new turboprop sales declined during  Average Asking Price the past three years as manufacturers delivered 39 fewer Twenty-three models (seven more than before) had jets and 12 less turboprops in the most recent 12-month Average Asking Prices increase, two had no change, and period. Used jets (-145) and used turboprops (-36) changed 65 experienced declines in Market Value (four less than hands less often the past two years. previously). The greatest growth was recorded by the Lear 45XR at 37.1 percent, while the Lear 40 logged the largest Transactions 2018 2017 2016 percent drop at 40.2.

New Jets 588 627 659 Aircraft availability and Market Value moved in opposite Used Jets 3,268 3,257 3,413 directions on 30 models. Fifty-one others had the number of New Turboprops 325 337 349 aircraft for sale and Average Asking Price move either up or Used Turboprops 1,605 1,650 1,641 down together. The remaining nine experienced no change in how many were available, but had increases or decreases  There were 350 fewer jets that could be purchased as of in Average Asking Price, or availability movement without April 1st versus that date one year ago. Turboprops recorded Market Value change. a decline of 106 less aircraft for sale.

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1 (877) 530-JETS (5387) US toll free • +1 (317) 815-9403 telephone • +1 (317) 663-0705 facsimile • [email protected] • www.HolsteinAviation.com 2 • Aviation Cessna Very Light & Light Jets Market Briefing - Spring 2018 1 (877)530-JETS (5387)US tollfree •+1(317)815-9403 telephone• +1 (317)663-0705 facsimile•[email protected] • Market Briefing ✈ ✈ ✈ ✈ ✈ CESSNA CITATION INVENTORY ABSORPTION RATE (InMonths)

Average Asking Price. Average Asking Single Engine Turboprop segmentloggedahigher(+2.0%) All OEMsexperiencedMarketValue decreaseswhilethe Turboprops, Textron Aviation, Gulfstream,andBombardier. aircraft, followedbyDassault Aviation, SingleEngine loggedthelargestpercentagedecreaseinavailable Market Value. availability (-4.0%)butalargerreduction(-3.9%)in The largerCitationmodelsrecordedasmallerdropin aircraft onthemarket. available. The CJ1+endedwithone(+13.0%)additional could bepurchasedtoadropoffour(-21.0%)CJ2+aircraft Decreases rangedfrom16(-50.0%)lessCJ3aircraftthat Price declinedslightly(-1.1%). Citation verylightandjetgrouping Average Asking Despite logging57(-30.0%)feweraircraftforsale,the Availability Decrease. Market Value DeclinesDespiteLarge Inventory Absorption Rate: Fleet Size:  Aircraft ForSale: International: United States: CJ4 2 Months

-19%from26 Aircraft CJ3 Encore+ CJ2 Encore 195 Cessna Citation   Mustang 19to13 7to8

21 XLS, XLS+

CJ2+ Excel Synopsis CJ1 7.5 Months 6.6 Months

✈ ✈ ✈ ✈ X

 Price: Avg. Asking Avg. Total Time: Avg.Model Year: Fleet Availability: Summaries

$11,452 (-0.7%) CJ1+ at currentavailability CJ1 Latitude,

Sovereign, Sovereign+ 3,460 Hrs. 10.8% 2001 $1,552,111 13 Months

Bravo (April 2017–March2018) ✈ ✈ ✈ ✈ ✈ ✈ ✈ ✈ ✈ ✈

Inventory Absorption Rate: Inventory Absorption Inventory Absorption Rate: Inventory Absorption Fleet Size:  Aircraft ForSale: International: United States: Fleet Size:  Aircraft ForSale: International: United States: -25%from48 Aircraft +13%from8 Aircraft Cessna Citation Cessna Citation 478 102     4to3 23to16 4to6 25to20 36 9

H

LSTEIN 4.8Months 8.3Months ✈ ✈ ✈ ✈ ✈ ✈ ✈ ✈

 Price: Avg. Asking Avg. Total Time: Avg.Model Year: Fleet Availability:  Price: Avg. Asking Avg. Total Time: Avg.Model Year: Fleet Availability: $243,431(-12.2%) $395,833(+18.5%) Mustang www.HolsteinAviation.com CJ1+ at currentavailability at currentavailability 1,543 Hrs. 1,688 Hrs. 7.5% 8.8% 2010 2006 $1,748,261 $2,533,333

TM 1 (877)530-JETS (5387)US tollfree •+1(317)815-9403 telephone• +1 (317)663-0705 facsimile•[email protected] • ✈ ✈ ✈ ✈ ✈ ✈ ✈ ✈ ✈ ✈

Inventory Absorption Rate: Inventory Absorption Rate: Fleet Size:  Aircraft ForSale: International: United States: Fleet Size:  Aircraft ForSale: International: United States: Market Briefing -35%from20 Aircraft -50%from32 Aircraft 235 412 Cessna Citation Cessna Citation     11 to5 12to6 8to7 21to11 13 16

3.6 Months 2.7 Months ✈ ✈ ✈ ✈ ✈ ✈ ✈ ✈

 Price: Avg. Asking Avg. Total Time: Avg.Model Year: Fleet Availability:  Price: Avg. Asking Avg. Total Time: Avg.Model Year: Fleet Availability: $134,744(-5.2%) $171,637(+4.2%) Summaries at currentavailability at currentavailability CJ3 CJ2 3,822 Hrs. 2,764 Hrs. 5.5% 3.9% 2002 2008 $2,458,333 $4,301,111

(April 2017–March2018) ✈ ✈ ✈ ✈ ✈ ✈ ✈ ✈ ✈ ✈

Inventory Absorption Rate: Inventory Absorption Inventory Absorption Rate: Inventory Absorption Fleet Size:  Aircraft ForSale: International: United States: Fleet Size:  Aircraft ForSale: International: United States: -70%from20 Aircraft -21%from19 Aircraft 257 225 Cessna Citation Cessna Citation     16to5 9to8 4to1 10to7 6 15

H 2.0Months 5.3Months ✈ ✈ ✈ ✈ ✈ ✈ ✈ ✈ LSTEIN

 Price: Avg. Asking Avg. Total Time: Avg.Model Year: Fleet Availability:  Price: Avg. Asking Avg. Total Time: Avg.Model Year: Fleet Availability: $282,000(-4.3%) $306,833(-8.2%) www.HolsteinAviation.com CJ2+ at currentavailability at currentavailability CJ4 1,497 Hrs. 2,059 Hrs. 2.3% 6.7% 2013 2008 $6,210,000 $3,414,167

3 • Textron Aviation Cessna Very Light & Light Jets Market Briefing - Spring 2018 TM JetPak Put Knowledge Market Valuation and Experience MAKE AND MODEL SPECIFIC To Work For You

Corporate, private and governmental clients worldwide rely on the Holstein Aviation team to bring the utmost in capability and expertise to bear on their behalf. If you are selling a business jet or turboprop, look to us to Market information is a critical component of any aircraft obtain the highest reasonable price. When you need to transaction. Therefore, it only makes sense to begin acquire a business aircraft, we know how to ensure the process ─ as either buyer or seller ─ with accurate that you receive the most value for your money. and up-to-date knowledge regarding your current make and model aircraft, or the business jet or turboprop you By partnering with Holstein Aviation, whose team wish to acquire. member backgrounds and experience span the entrepreneurial to the Fortune 500, you instantly The Holstein Aviation JetPak Aircraft Valuation provides accrue the product and market knowledge, positive you with a marketplace overview accompanied by data performance and enviable industry reputation capability on specified aircraft, all at no cost or obligation to you! that has been gained through: ► 300 years of total experience JetPak Features ► 66,000 combined flight hours ► Price range ► 4,700 transactions ► Number available FREE ► $10 billion in revenue ► Average days on market ► Sales and pricing trends Call on Holstein Aviation to: ► Market Activity Buy a Business Aircraft Contact Holstein Aviation  To Request Your  Sell Your Aircraft or Fleet Free JetPak  Lease a Jet or Turboprop +1 (317) 815-9403  Obtain Supplemental Lift [email protected]  Recruit / Outplace  Consult / Analyze / Plan

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Holstein Aviation continues to sell business jets and turboprops 60% quicker than the market average!

Holstein Aviation, Inc. 4000 West 106th Street, Suite 160 Carmel, IN 46032 USA

Call +1 (317) 815-9403 1 (877) 530-JETS (5387) US toll free or e-mail [email protected] for answers, assistance and assurance.