I've noticed the same.
Several planes just sitting with prices that a year ago would have been very quick to sell.

At least in the turbine world, things are moving. We currently have a Mustang, M2Gen2, and CJ3+ under contract, it seems like the stagnation has ended. It was a slow summer and we are seeing motivated sellers unlike we have seen in the last 4 years.

Having said that, some airframes are still really hard to buy, we've been shopping for a CJ3... nada. Also a Phenom 300... nada. A couple of B200 clients as well... nada.

I've noticed the same.
Several planes just sitting with prices that a year ago would have been very quick to sell.

With the 100% depreciation renewed in the latest Bill, I expect a feeding frenzy going into the end of the year.

With the 100% depreciation renewed in the latest Bill, I expect a feeding frenzy going into the end of the year.

It's almost December and the frenzy is here.

As I always say, there isn't an "aircraft market" but a compilation of small markets, so there are certainly markets that are dead.

BUT-

In my world, which is late model, highly desirable light jets and current production turboprops, inventory levels are CRITICALLY low!

How does this compare to prior years, Chip? Roughly the same frenzy for the same models or do you see any differences? Seems like any weak consumer sentiment that exists is far, far below the "jet buying" level.

It's roughly the same, there does seem to be less impulsiveness, I think that is simply because the concept of bonus depreciation has been around long enough that the sugar high is gone. There's also a fair number of stories of people who bought an airplane out of tax motivated desperation and made huge mistakes.

It seems overall that most buyers are more careful now, I think this is one reason that highly desirable airframes are hotter than ever, but many other markets are soft.

There is also no sunset this time, so CFO's don't necessarily feel like they need to make purchases now to take advantage. Some with unusually high taxable profits might, but overall I am getting a sense of more caution about timing and earnings management.

For the first time in our ten year history, by early next week, we will have five airplanes in prebuy at one time.

This has been a crazy 4th quarter!

Five of the five are airplanes we were very fortunate to find. There is effectively ZERO inventory in these markets.

G1000NXi King Air B200 - that market is crazy, no nice airplanes to buy!

Citation CJ3+… there are none! Not one you can buy today, even for $10M!

Low time Fusion King Air 350i… maybe one left after four went under contract over the last few weeks.

Citation Mustang… bread and butter for us, but we didn’t think we were going to find one to close before year end! We did the visual yesterday, working on purchase agreement today, will move it Saturday and Sam will be at the service center to put into prebuy on Monday.

TBM-910… they are rare, so we knew it wouldn’t be easy! It didn’t have to close before year end, but it will!

Hey Chip,
What are G1000NXi Blackhawk B200s going for these days? Asking for a friend.

Hey Chip,
What are G1000NXi Blackhawk B200s going for these days? Asking for a friend.