Colibri Aircraft research reveals falling prices for pre-owned jets
New research from Colibri Aircraft shows that values across six different types of private jets fell by around 35% between April 2014 and April 2017.
Colibri also says they are also taking longer to sell, with the average number of days on the market before selling increasing from 345 days in April 2014 to 391 days in 2017.
| Type | List Price | Maximum Pax | Maximum Range (nm) | Variable $/hr |
|---|---|---|---|---|
| Citation CJ4 | $9.41 million | 10 | 2,165 | 1,569 |
| Phenom 300 | $8.99 million | 10 | 1,971 | 1,389 |
| PC-24 | $8.9 million | 10 | 1,937 | N/A |
| Learjet 75 | $13.7 million | 9 | 2,040 | 1,758 |
The corresponding figures for a smaller Citation Mustang, which cost over $3 million new, are $2.15 million and $1.93 million – a difference of 10.2%.Colibri Aircraft’s research reveals that larger business jets have seen the biggest fall in asking prices and are generally taking longer to sell. Between April 2014 and April 2017, the Bombardier Global XRS which cost over $50 million new, saw the average asking price for a pre-owned fall from $31.3 million to $20.36 million – a fall of 34.9%.
Oliver Stone, managing director, Colibri Aircraft said: “Given the backdrop of these continued falling prices, the importance of marketing pre-owned private aircraft properly has never been greater, and this is contributing to our growing success. The number of transactions we completed in 2016 was double what we did in 2015, and we are on track to enjoying similar growth this year.”
