Are you thinking of buying or selling a pre-owned Bombardier Challenger business jet? Matt Harris asks NAFA Member Asset Insight’s Tony Kioussis for his perspectives on how these popular Super Mid-Size and Large Jets are performing on today’s market.
Generally speaking, buyers in today’s business jet marketplace will note a tight supply of available aircraft, although just how tight could partially depend on the age and pedigree of aircraft you’re willing to consider.
For example, a glance at the Bombardier Challenger series, which has been in production for approximately 40 years since the original Challenger 600 was certified, provides a perfect snapshot.
According to data from Asset Insight, buyers seeking a newer, in-production Challenger model, such as the Bombardier Challenger 650 Large Jet or Challenger 350 Super Mid-Size Jet, will find just 2.7% and 1.4% of the respective fleets for sale (as of March 2021).
Those who are prepared to shop for something a little older will find a slightly larger pool of candidate aircraft in the Challenger 600 family (less so for shoppers of Challenger 300 jets, where a minuscule 3.8% of the fleet was for sale).
For a 6-14 year-old Challenger 605, or a 14+ year-old Challenger 604, 6.9% and 7.7% of the respective fleets were up for sale at the time of writing. Notably, these figures still represent a sellers’ market by traditional standards.
It’s when you delve into the older Challenger 601 markets that buyers will find a more ready supply of inventory, with 12.5% of the Challenger 601-3R fleet listed for sale.
This article was originally published by AvBuyer on April 30, 2021.