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27 Apr 2024, 20:40 [ UTC - 5; DST ]


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 Post subject: Re: Aircraft inventory levels are critically low.
PostPosted: 30 Sep 2023, 20:50 
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Company: Jet Acquisitions
Location: Franklin, TN 615-739-9091 chip@jetacq.com
I’m with Corey on this one, there’s still a stigma attached, they claim everything is ok, but there’s still the “what if” factor.

The reality is that for most of the 525 line, the wing does what it needs to do.

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 Post subject: Re: Aircraft inventory levels are critically low.
PostPosted: 01 Oct 2023, 08:27 
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I agree that is doesn’t take much to get a black eye in this business, and everyone knows about it.


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 Post subject: Re: Aircraft inventory levels are critically low.
PostPosted: 01 Oct 2023, 08:32 
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We get asked a lot about helping acquire piston aircraft, it seems like a real opportunity for someone! It’s seems that everyone wants to be a broker and sell airplanes, I can’t figure out why there aren’t more legitimate buyer’s reps.


I think Randy Africano and his son fit that bill.

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 Post subject: Re: Aircraft inventory levels are critically low.
PostPosted: 01 Oct 2023, 09:34 
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Username Protected wrote:
We get asked a lot about helping acquire piston aircraft, it seems like a real opportunity for someone! It’s seems that everyone wants to be a broker and sell airplanes, I can’t figure out why there aren’t more legitimate buyer’s reps.


I think Randy Africano and his son fit that bill.


Yes! I’ve talked to Randy, seems like a great guy!
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 Post subject: Re: Aircraft inventory levels are critically low.
PostPosted: 01 Oct 2023, 12:29 
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Aircraft: M20J/R, Sr22, SR20
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:btt:


For the people who actually come here because they are curious about the state of the preowned aircraft market and what trends we are seeing in inventory.

Large cabin and even some super mid-size jet inventories are rising and we are seeing downward movement in prices of those aircraft.

We are also seeing a considerable increase in the inventory levels of older aircraft, I usually think of 1985 and older when I say “older” but it is a relative term. To some buyers a 2010 is old. I also intentionally avoided the term “legacy” because that might include such aircraft as the Citation V, inventory of V’s and Ultras are basically non-existent.

Early 1980’s and older King Airs are fairly abundant and these aircraft aren’t bringing the prices owners expect them to. Most jets of the same vintage have gone right back to very hard to sell.

Hawkers, Premiers, Beechjets, older Challengers, older Falcons esp 2000 Classic are declining in popularity and price.

Unfortunately, most owners who sell an older aircraft want to replace it with a newer one, so this increases the demand on newer airframes that are already in short supply.

We have a Citation CJ3+ in prebuy and we were able to present our client with several options both on and off market, but I think it was just timing and catching the market when several owners were taking delivery of their new replacement aircraft. (they ordered a new one a couple of years ago to replace the new one they took delivery of five years ago)

We’re very active in the CJ2+ and CJ3 market and can’t find anything worth buying.

The Sovereign market got a little soft over the summer, but it’s tight again.

And on the story goes, each model and year range has its own story.

The most important consideration for a turbine aircraft buyer right now is considering the long game, it’s easy to get discouraged by the lack of options and settle for an airplane with known issues, always remember these markets are volatile and you may want to sell when that specific market is softer, if you compromised and bought the airplane with high airframe or engine times, damage history or missing records, it may be very hard to sell in the future.

If you need a gut check, call me before you make a mistake, I’m busy, so it may be a quick conversation but I’ll be glad to give you some insight and help you navigate the shark invested waters, I don’t charge to give advice and this is NOT me marketing or trying to get clients. We are fully booked, we cannot take on any new clients right now.


Damn Chip, was going t ocall you when I win the Powerball tomorrow night....


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 Post subject: Re: Aircraft inventory levels are critically low.
PostPosted: 04 Nov 2023, 09:02 
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Joined: 05/08/13
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Company: Citation Jet Exchange
Location: St. Louis
Aircraft: 58P C510 C525 Excel
I'm seeing the most amount of CJ3s, CJ3+, CJ2 jets in a long while. This is contrary to what I normally see going into November. Prices are remaining high but I'd predict some downward pressure with the increasing amount of inventory. The CJ2+ seems elusive and remains rare.

-Citation Jet Exchange

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 Post subject: Re: Aircraft inventory levels are critically low.
PostPosted: 04 Nov 2023, 09:17 
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Username Protected wrote:
I'm seeing the most amount of CJ3s, CJ3+, CJ2 jets in a long while. This is contrary to what I normally see going into November. Prices are remaining high but I'd predict some downward pressure with the increasing amount of inventory. The CJ2+ seems elusive and remains rare.

-Citation Jet Exchange


Agreed. I have a 2+ client and it’s been slim. The CJ3’s seem to need to come down / should come down. We also had a client for a 3+ (switched to a 300E) and we found several good options. We haven’t been in the CJ2 market, but there are a couple I have noticed… which is exactly a few more than there were!

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 Post subject: Re: Aircraft inventory levels are critically low.
PostPosted: 22 Nov 2023, 17:52 
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We are seeing lots of movement in inventory, overall more than I have seen in a few years.

Some markets are still very tight, but overall I believe things are loosening up.

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 Post subject: Re: Aircraft inventory levels are critically low.
PostPosted: 06 Jan 2024, 20:24 
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Chip, I think you're right. My datapoint is the inordinately high % of "Call for Price" on turboprops. Everyone knows that prices are coming down, but they aren't ready yet to list the lower price that they know is what the market will pay now vs a year ago.

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 Post subject: Re: Aircraft inventory levels are critically low.
PostPosted: 17 Jan 2024, 14:32 
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Dassault just reported a significant drop in new Falcon orders in 2023 according to their recent release. 23 ordered vs 64 the prior year. They still have a healthy backlog though.

https://ml-eu.globenewswire.com/Resourc ... 9fde4e5ac0


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 Post subject: Re: Aircraft inventory levels are critically low.
PostPosted: 17 Jan 2024, 14:56 
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500 Series Citation market still has a very tight inventory. Not much out there to buy right now.


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 Post subject: Re: Aircraft inventory levels are critically low.
PostPosted: 17 Jan 2024, 15:33 
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Company: Citation Jet Exchange
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The CJ3s have tightened up a bit in the new year, saw the highest inventory since covid in Q4 2023. CJ2+ still very tight.

Starting the search for an XLS, not many good options to choose from either.

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 Post subject: Re: Aircraft inventory levels are critically low.
PostPosted: 17 Jan 2024, 21:34 
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Joined: 05/23/13
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Username Protected wrote:
The CJ3s have tightened up a bit in the new year, saw the highest inventory since covid in Q4 2023. CJ2+ still very tight.

Starting the search for an XLS, not many good options to choose from either.


I have a CJ2+ client that we’ve found one for and two CJ3 clients… you are correct, both are extremely tight.

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