Textron Aviation Cessna INSIDE THIS EDITION Light & Mid-Size Jets ✈ Marketplace Overview ✈ Market Summaries Market Briefing ✈ Citation Bravo ✈ Citation XLS+ Spring 2018 ✈ Citation Encore ✈ Citation Latitude ✈ Citation Encore+ ✈ Citation Sovereign ✈ Citation Excel ✈ Citation Sovereign+ ✈ Citation XLS ✈ Citation X ✈ 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), business jet 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 • Textron Aviation Cessna Light & Mid-Size Jets - Spring 2018 1 (877)530-JETS (5387)US tollfree •+1(317)815-9403 telephone• +1 (317)663-0705 facsimile•[email protected] • ✈ ✈ ✈ ✈ ✈ Market Briefing TEXTRON AVIATION CESSNA CITATION INVENTORY ABSORPTION RATE (InMonths)
Average Asking Price. Average Asking Single Engine Turboprop segmentloggedahigher(+2.0%) All OEMsexperiencedMarketValue decreaseswhilethe Bombardier. Engine Turboprops, Textron and Aviation,Gulfstream, available aircraft,followedbyDassault Aviation, Single Embraer loggedthelargestpercentagedecreasein Encore+ andSovereignhadnochanges. four (+9.0%)fortheBravotosix(+33.0%)Excel. on themarketwentfromone(+33.0%)forLatitudeto to 11 percentlessaircraftavailable(X). Additional aircraft availability declinesrangingfrom36percentfewer(XLS) Encore, XLS,XLS+,Sovereign+andXeachlogged reduction (-3.9%)inMarketValue. availability of12(-4.0%)aircraft,whichcontributedtoa The largerCitationmodelsrecordedasmallerdropin Market Value DeclinesonMixed Availability. Inventory Absorption Rate: Fleet Size: Aircraft ForSale: International: United States: CJ4 2 Months
CJ3 -25% from16 Aircraft Encore+ CJ2 Encore Cessna Citation 163 Mustang
14to11 12 2 to1 XLS, XLS+
CJ2+ Excel Synopsis CJ1 7.5 Months 4.0 Months
✈ ✈ ✈ ✈ X
Price: Avg. Asking Avg. Total Time: Avg.Model Year: Fleet Availability: Summaries
$373,750(-14.0%) CJ1+ Encore at currentavailability Latitude, Sovereign, Sovereign+ 6,495 Hrs. 7.4% 2003 $2,297,500 13 Months
Bravo (April 2017–March2018) ✈ ✈ ✈ ✈ ✈ ✈ ✈ ✈ ✈ ✈
Inventory Absorption Rate: Fleet Size: Aircraft ForSale: International: United States: Inventory Absorption Rate: Fleet Size: Aircraft ForSale: International: United States: +9%from45 Aircraft 0% from2 Aircraft Cessna Citation Cessna Citation 65 324 19to23 2 49 0 to 2 to 26 to
H
LSTEIN 3.0 Months 12.3 Months ✈ ✈ ✈ ✈ ✈ ✈ ✈ ✈
Price: Avg. Asking Avg. Total Time: Avg.Model Year: Fleet Availability: Price: Avg. Asking Avg. Total Time: Avg.Model Year: Fleet Availability: $525,000(-11.7%) $85,907(-5.4%) Encore+ www.HolsteinAviation.com Bravo at currentavailability at currentavailability 4,088 Hrs. 4,894 Hrs. 3.1% 15.1% 2008 2001 $3,975,000 $1,494,474
TM 1 (877)530-JETS (5387)US tollfree •+1(317)815-9403 telephone• +1 (317)663-0705 facsimile•[email protected] • ✈ ✈ ✈ ✈ ✈ ✈ ✈ ✈ ✈ ✈
Inventory Absorption Rate: Fleet Size: Aircraft ForSale: United States: International: Fleet Size: Aircraft ForSale: Inventory Absorption Rate: Inventory Absorption International: United States: Market Briefing +33%from18 Aircraft -26%from19 Aircraft Cessna Citation Cessna Citation 367 241 11 to21 7 to 3 to 7 14to9 24 14 5 to
4.9Months 6.3 Months ✈ ✈ ✈ ✈ ✈ ✈ ✈ ✈
Price: Avg. Asking Avg. Total Time: Avg.Model Year: Fleet Availability: Price: Avg. Asking Avg. Total Time: Avg.Model Year: Fleet Availability: $472,361(+19.0%) $373,958(-5.0%) Summaries Excel XLS+ at currentavailability at currentavailability 6,731 Hrs. 1,130 Hrs. 6.5% 2000 5.8% 2011 $2,956,111 $7,149,167
(April 2017–March2018) ✈ ✈ ✈ ✈ ✈ ✈ ✈ ✈ ✈ ✈
Inventory Absorption Rate: Inventory Absorption Rate: Fleet Size: Aircraft ForSale: International: United States: Fleet Size: Aircraft ForSale: International: United States:
+33%from3 Aircraft -36% from25 Aircraft Cessna Citation 328 120 Cessna Citation 12to7 13to9 2to3 16 4 1 to
H 9.6 Months 4.9 Months ✈ ✈ ✈ ✈ ✈ ✈ ✈ ✈ LSTEIN
Price: Avg. Asking Avg. Total Time: Avg.Model Year: Fleet Availability: Price: Avg. Asking Avg. Total Time: Avg.Model Year: Fleet Availability: $119,127 (-3.0%) $1,250,000(-9.3%) Latitude www.HolsteinAviation.com at currentavailability at currentavailability XLS 3,389 Hrs. 418 Hrs. 4.9% 3.3% 2006 2016 $3,864,444 $12,250,000
3 • Textron Aviation Cessna Light & Mid-Size Jets - Spring 2018 TM 4 • Textron Aviation Cessna Light & Mid-Size Jets - Spring 2018 1 (877)530-JETS (5387)US tollfree •+1(317)815-9403 telephone• +1 (317)663-0705 facsimile•[email protected] • Market Briefing ✈ ✈ ✈ ✈ ✈ ✈ ✈ ✈ ✈ ✈
Inventory Absorption Rate: Inventory Absorption Rate: Fleet Size: Aircraft ForSale: Fleet Size: Aircraft ForSale: International: United States: International: United States: -11% from38 Aircraft 0% from32 Aircraft Cessna Citation 309 348 Cessna Citation 17to14 12to11 15to18 26to23 34 32
9.6 Months 7.2 Months ✈ ✈ ✈ ✈ ✈ ✈ ✈ ✈
Price: Avg. Asking Avg. Total Time: Avg.Model Year: Fleet Availability: Price: Avg. Asking Avg. Total Time: Avg.Model Year: Fleet Availability: Summaries $35,167(+0.5%) $521,777(-11.1%) Sovereign at currentavailability at currentavailability X 3,306 Hrs. 6,164 Hrs. 9.2% 11.0% 2007 2001 $4,187,667 $6,880,500
(April 2017–March2018) ✈ ✈ ✈ ✈ ✈
Inventory Absorption Rate: Fleet Size: Aircraft ForSale: International: United States: -20%from5 Aircraft Cessna Citation 76 2to1 4 3 to
H LSTEIN 9.6 Months ✈ ✈ ✈ ✈
Price: Avg. Asking Avg. Total Time: Avg.Model Year: Fleet Availability: $75,000(+0.6%) Sovereign+ www.HolsteinAviation.com at currentavailability 821 Hrs. 5.3% 2016 $12,675,000
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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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