pre-owned aircraft

  • Tracey Cheek posted an article
    What Is the Best Personal Aircraft to Buy in 2019? see more

    NAFA member Jason Zilberbrand, President of VREF Aircraft Value Reference & Appraisal Services, shares advice on finding the best personal aircraft in 2019.

    When buying an aircraft for personal use, there is a litany of factors that will go into your decision-making. Whether your intentions are to take day trips for the weekend or intercontinental excursions, finding the best personal aircraft to meet these needs will come at wildly different price points.

    In addition, the number of passengers and on-going costs for the aircraft can affect your decision.

    Keep reading for a VREF  breakdown of various examples for the best personal aircraft you can buy in 2019.

    Single Engine

    The most utilitarian and hassle-free aircraft are single engines planes. With price points in the low or sub-six figures, a single-engine plane can get you flying for a low cost of ownership.

    Here are some of the best buys for 2019:

    Pre-Owned Beechcraft Bonanza

    • Price $100k – $375k
    • 765nm range
    • Seating for 6

    Pre-Owned Cessna 206 Stationair

    • Price $100k – $225k
    • 730 nm range
    • Seating for 6
    • Features a large rear “clamshell” door easy load-ins

    Other notable players in this category are the Piper Cherokee Six, Piper Malibu Mirage, and, of course, the trusty Cessna 172.

    Twin Engine

    Pilots enjoy the redundancy or dual engines of a twin. Twins handle larger payloads and faster speeds, as well as faster takeoff and climbing speeds.

    These tend to cost less than high-performance single engines but garner higher ownership costs due to the second engine.

    Examples of deals in 2019:

    Beechcraft Baron 58

    • Price $200k – $1.4 million (new)
    • 1700nm
    • Seating for 6

    Pre-Owned Beechcraft Baron 55

    • Known as the “Baby Baron”
    • Price $75k – $175k
    • Though smaller, it comfortably seats 6 passengers

    Other Notables: Piper Turbo Seneca II, Cessna 310R

    Turbo Props

    Typically known as a “Step-up airplane,” turboprops have taken a huge share of the market from the multi-engine planes of the past. While pilots originally bought twin-engines as a way to make them and their families feel safer, turboprops have made great leaps in sophistication and reliability. Their short takeoff and landing capabilities make dealing with emergencies much easier.

    Turboprops do incur higher purchase prices and operating costs. They are extremely efficient at lower altitudes and slower speeds.

    They enjoy the ability to access smaller airports and runways and are ideal for day trips of 500nm or less (think, Miami to Nassau and back). Be sure to enlist the help of a professional aircraft appraiser because of the substantial jump in price.

    Here are some of the standouts:

    Piper Meridian (2002 – 2015)

    • Price $650k – $1.5 million
    • 1,000nm range
    • Seating for 6 in plush interiors with upgrades

    TBM 700 (1990 – 2005)

    • $750K – $1.5 million
    • 1,350nm range
    • Seating for 6

    Best Personal Aircraft – Jets

    Jets are at the top of the personal aircraft hierarchy. They fly further, faster and with more people than the other categories on this list.

    Jets have massive price tags and ballooning maintenance and hangar fees. But for the business or personal traveler who demands speed and global access, this is the personal aircraft of choice.

    Very Light Jets

    Cessna Citation Mustang

    • “Most bang for your buck” smallest member of the Citation Family
    • Price $1- $2 million
    • 1170 nm range
    • Seating for 5 plus 1 crew

    Eclipse 550

    • The only brand new twin-engine jet for $3 million
    • 1125nm range
    • Seating for 5 plus 1 crew

    Light Jet

    Cessna Citation CJ3 or CJ3+

    • Price $3.75 – $6 million
    • 2,000nm range
    • Seating for 6 passengers plus crew

    Embraer Phenom 100

    • $1.75 – $2.25 million
    • 1,178nm range
    • Seating for 5 plus crew

    The Best Fit

    As mentioned above, finding the best personal aircraft for you is a combination of factors that fit your lifestyle and intentions. Yet, both a hobbyist and a global businessperson can enjoy the freedom that private aviation provides.

    With any aircraft purchase, be sure to reference our reference guide to make sure you have the most accurate data and valuations.

    This article was originally published by VREF on May 2, 2019.

  • Tracey Cheek posted an article
    Jetcraft Launches Industry's First New and Pre-Owned Market Forecast see more

    NAFA member Jahid Fazal-Karim, Jetcraft's Owner and Chairman of the Board, releases industry forecast predicting more than $150 billion in sales over the next five years.

    Jetcraft, the global leader in business aircraft sales and acquisitions, has released a 5-Year New & Pre-Owned Business Aviation Market Forecast – the first of its kind to predict both new and pre-owned aircraft transactions.

    The new forecast anticipates 11,765 pre-owned transactions over the next five years, equating to $61bn in value, and 3,444 new deliveries, representing $90.5bn. By 2023 it is expected that industry value will reach nearly $30bn per annum.

    Jahid Fazal-Karim, Owner and Chairman of the Board at Jetcraft, says: “This is the first forecast to precisely analyze both new and pre-owned business aircraft transactions over a five-year period. The findings show that our industry will continue to grow in size and scale, hitting nearly $30bn per year in revenue by 2023, a truly impressive figure.

    “New aircraft unit deliveries are predicted to stay flat throughout the forecast period while generating higher revenues, due to the increase in large aircraft transactions. Meanwhile, the pre-owned market is forecast to grow at a proportionally faster rate than new.”

    Pre-owned business aircraft transactions are expected to outpace those of new deliveries four to one by 2023, according to Jetcraft’s forecast.

    Fazal-Karim continues: “Buyers who in the past exclusively bought new aircraft are now more willing to consider pre-owned if it suits their mission, partly due to better opportunities for aircraft refurbishment and increasing MRO capabilities.”

    Jetcraft’s forecast also maintains the clear shift towards large aircraft, both in pre-owned and new unit deliveries and highlights that the average retirement age of a business aircraft is 32.

    Fazal-Karim concludes: “Our new forecast better reflects the current aircraft ownership experience and provides a more focused view of the industry. We are set for a dynamic five years, both in pre-owned and new aircraft transactions and I look forward to Jetcraft playing its part.”

    Jetcraft’s full 2019 5-Year New & Pre-Owned Business Aviation Market Forecast is available to download at https://www.jetcraft.com/knowledge/market-forecast.

    This article was originally published by Jetcraft on May 15, 2019.

  • Tracey Cheek posted an article
    Jet Transactions Releases Q1 2019 Gulfstream Quarterly Market Update see more

    NAFA members, Mark Bloomer and Brant Dahlfors, with Jet Transactions release Q1 2019 Gulfstream Quarterly Market Update.  

    Welcome to another year of uncertainty fueled by declining Global GDP, trade wars and geo-political concerns in major trading markets around the world. The drop in trading activity in the last month of Q4-18 certainly dribbled into early Q1-19. By late-January however activity clearly increased to Oct/Nov levels raising hopes that 2019 would actually show positive growth across new and used aircraft. By the end of Q1 market signals are mixed at best. Charter activity is showing signs of decline as we start the year. This is something to pay close attention to as charter activity is often a “canary in the coal mine” signal.

    New aircraft deliveries are down quarter over quarter which is consistent with the seasonality effect as OEMs pull as many aircraft into the fourth quarter as possible. The major OEMs all have new models starting with deliveries beginning from mid-2018 through mid-2020. With low starting production rates, the industry will not see the full effect for another year and a half to two years. On the positive side the OEMs crystal balls all indicate there is a solid market for new high tech models with more range, speed, cabin space and efficiency. In spite of the 8+ new models recently, or soon to be certified, we expect several new exciting airplanes to be introduced before year-end.

    How does this affect the Gulfstream pre-owned market? While the industry awaits the much anticipated G600 to enter into service, the G500 has now seen deliveries both domestically and abroad to happy customers. Pre-owned sales activity overall remained steady, with a 2.6% and 2.2% drop in available inventory and pre-owned transactions, respectively. Although the first quarter is generally the slowest

    of the year for new unit deliveries, Gulfstream continues to break that trend with 24 new aircraft going to customers, compared to 26 in Q4/18, which is typically the busiest time of year. Average ask prices continue to firm up as days on market drop, further continuing what many have deemed a “seller’s market”.

    Click here to download full report.

    This report was originally published by Jet Transactions on May 3, 2019.


     

     

     

  • Tracey Cheek posted an article
    NAFA member, Brant Dahlfors, with Jet Transactions, shares the 2018 Q3 Bombardier Market Update. see more

    NAFA member, Brant Dahlfors, with Jet Transactions, shares the 2018 Q3 Bombardier Market Update.

    2018 continues to grow and show strong signs of stability. Q3 was exciting for new product certifications led by Gulfstream announcing the certification of the all new G500 and followed by Bombardier's certification of the Ultra-Long Range Global 7500. On top of new large aircraft product announcements at EBACE in May, confidence in future growth is apparent.

    Overall, in the segments we track, Q3 reflected the normal seasonal variations (vacation time) and new deliveries and pre-owned transactions were down 20+% over Q2. Shops are full with pre- buys and NextGen upgrades in addition to their normal maintenance customers. The pre-owned inventory continues to fall, down another 8.1% this quarter. In many cases, popular late model aircraft are below 5% of the fleet being available for sale. Gross numbers of pre-owned transactions will continue to decline for the foreseeable future as the market is seriously supply constrained.

    How does this affect the Bombardier pre-owned market? With a whirlwind of new options coming to market soon, factory new buyers should soon start the migration from the existing product line to the latest and greatest offerings. Bombardier is well positioned with three new models to discuss – all available for delivery in the next 1-2 years. Overall pre-owned transaction levels dropped significantly across the Bombardier tracked models, with a slight uptick in inventory for sale. New deliveries also edged downward, the largest drop across all three OEM’s, though not uncommon traditionally for the third quarter.

    Read the full report here.

    The original market update was published by Jet Transactions on October 15, 2018.

  • Tracey Cheek posted an article
    Dassault Market Update Q3 • 2018 see more

    NAFA members, Mark Bloomer and Brant Dahlfors, with Jet Transactions, share the 2018 Q3 Dassault Market Update.

    2018 continues to grow and show strong signs of stability. Q3 was exciting for new product certifications led by Gulfstream announcing the certification of the all new G500 and followed by Bombardier's certification of the Ultra-Long Range Global 7500. On top of new large aircraft product announcements at EBACE in May, confidence in future growth is apparent.

    Overall, in the segments we track, Q3 reflected the normal seasonal variations (vacation time) and new deliveries and pre-owned transactions were down 20+% over Q2. Shops are full with pre-buys and NextGen upgrades in addition to their normal maintenance customers. The pre- owned inventory continues to fall, down another 8.1% this quarter. In many cases, popular late model aircraft are below 5% of the fleet being available for sale. Gross numbers of pre-owned transactions will continue to decline for the foreseeable future as the market is seriously supply constrained.

    How does this affect the Dassault pre-owned market? Pre-owned inventory levels as well as the number of pre-owned Falcon products changing hands edged lower, with Average Ask Prices falling significantly lower on 3 out of eight tracked models. New aircraft deliveries remained low in Q3 down to only 3 new aircraft. Dassault has always been a niche provider, but it's time to pick up the pace a bit here. On the pre-owned side, several models faired quite well, with late model and NextGen equipped units leading the charge on transactions and holding their value well in the pre-owned market.

    Read the full report here.

    The original market update was published by Jet Transactions on October 15, 2018.