By Chris Reynolds, ASA | Aircraft Bluebook

Aircraft Bluebook At-a-Glance has reviewed the current market status of the Bombardier Challenger 605 business jet. Research for this study was obtained in part from Aircraft Bluebook, Aircraft Bluebook’s Historical Value Reference, the FAA’s registry web site and various trade services.

Values of the 2007 model-year Bombardier Challenger 605. Sources: Aircraft Bluebook and Historical Value Reference.Demand

The Challenger 605 fleet currently is approximately 280 aircraft. At the time of this writing, approximately 20 Challenger 605s, representing approximately 7 percent of the fleet, were reported for sale.

Pricing

Current offerings for the Challenger 605 range from mid-$12 million to $19 million. Airframe time varies from several hundred hours to greater than 4000 hours, depending on the year-model. Over the last year, approximately 15-20 sales appear to have occurred. Equipment, time/condition and engine maintenance programs can significantly affect time on market and marketable value (Aircraft Bluebook prices the 605 enrolled on GE OnPoint℠). For the spring 2015 Aircraft Bluebook, a 2010 Bombardier Challenger 605 had a reported average retail value of $16 million, which was a decrease of $500,000 from the previous quarter’s average retail value.

Residual Values

A 2007 Bombardier Challenger 605, whose market values have been tracked since the second quarter of 2007 was reported new with an average equipped price of $28.5 million. Aircraft Bluebook’s Historical Value Reference has demonstrated the Bombardier Challenger 605 market value (performance by quarter) in the graph for this 2007 model.

Other historical values can be obtained at Aircraft Bluebook’s website, www.aircraftbluebook.com.

Values of the 2007 model-year Bombardier Challenger 605. Source: Aircraft Bluebook and Historical Value Reference.