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Entries in Bell (2)

USED AIRCRAFT MARKET SHOWS SIGNS OF BETTER DAYS AHEAD

Vol. 23, No. 2 | May 26, 2010 | Go to Charts

by Carl Janssens, ASA | Aircraft Bluebook — Price Digest

Finally, the pre-owned aircraft market moved in a positive direction in the first quarter of 2010. Late-model, large-cabin, long-range aircraft were selling at or better than values published in the Aircraft Bluebook.

External factors such as increased sales, a slight decline of available inventory and world market competition could all be considered causes for the improvement. Although this early indication of a slow recovery is in progress, it is too early to celebrate. Any positive sign going forward is far better than where the used aircraft market has been.

With the exception of the late-model, large-cabin class, most of the other business aircraft are not yet recovering in value. The good news is that values are showing more stability. Market activity is on the rise leaving a more optimistic perception that values are not exposed to the risks experienced in the last twenty months.

A couple considerations might be affecting values in the pre-owned aircraft market. The first is available credit for qualified buyers, and the second is the price of fuel. Part of the dilemma that played a major role in an injured economy was the lack of finance. Now, aircraft lenders are able to enable more transactions. This new reality will move the aircraft market into better days. At the same time, credit could indicate how aircraft values will rebound as elements of risks financial institutions are willing to take will have an indirect impact on value. Energy and the price of crude oil is the other factor that will impact further recovery. As long as there are no surprising jumps in the price of crude oil in a limited time frame, the aircraft market will be able to absorb the daily fluctuations in oil prices and prevent the cost of fuel from becoming a deterrent in this industry’s recovery.

Jet

Bluebook-at-a-glance
Increased — 5
Decreased — 410
Stable — 462

As reported above, late-model, large-cabin aircraft are retaining value. Select Gulfstream G550s were up $1 million with the remainder of these aircraft holding steady in value. The Gulfstream G-V market remained unchanged. The G-IV values were off an average of $500,000. Bombardier Global Express and the Global 5000 also held steady while inventories for sale decreased. The Bombardier Lear 45 series was off $200,000 on average. The Cessna Citation Excel series was down an average of $200,000 as well. Light jets such as the Beech Premier were off an average of $200,000. The Hawker 400 was down $100,000. The Citation 525 was off slightly as well.

Turboprop

Bluebook-at-a-glance
Increased — 55
Decreased — 86
Stable — 452

The ag market values improved slightly when compared to the previous quarter. Late-model Beechcraft King Airs remained stable. Earlier models generally also held on, though some models trended downward. Reduction in production for the King Air series might have some positive benefits. In time, limited production could cause limited inventories for sale in the pre-owned market, which would then cause values to strengthen. The Cessna Conquest was stable for yet another quarter. The Piper Meriden was down $50,000.

Multi

Bluebook-at-a-glance
Increased — 29
Decreased — 103
Stable — 523

The Beech Baron family of piston twins achieved some slight gains in value. Early-model 58s were up slightly. Select Baron 55 models also experienced narrow gains. For the most part, however, decreases in value were slight but across the board. Cessna 310 values were down, and the Diamond Twin Star was off $10,000.

Single

Bluebook-at-a-glance
Increased — 311
Decreased — 267
Stable — 1909

Select ag planes generally made slight gains. Values of early-model Beech Bonanza A36s were up from the previous quarter. Late-model Cessna 172 Skyhawks and Cessna 206s reported slightly higher values for the summer release of Aircraft Bluebook. Commanders and Mooneys were generally off $5,000 to $10,000 when compared to the previous quarter. The majority of aircraft in this reporting segment remained stable.

Helicopter

Bluebook-at-a-glance
Increased — 52
Decreased — 170
Stable — 809

The Enstrom F28/280 series improved slightly from the previous quarter.  Compared to the previous quarter, select models of the Eurocopter Twin Star were off $100,000. The Bell 430 also declined an average of $300,000 from previous reported values. The Enstrom 480 was down $50,000. The helicopter segment remained stable for the most part.

Aircraft Bluebook–Price Digest here for you

Please contact Aircraft Bluebook if you have any specific concern in a particular aircraft market. We will be happy to share with you the most up-to-date information available for your market segment. Call us toll-free at 877-531-1450 or direct at 913-967-1913.

[Go to Charts.]

AIRCRAFT PRICES REMAIN STABLE WHILE SIGNS OF RECOVERY GLIMMER IN DUBAI

Vol. 22, No. 4 | Nov. 30, 2009 | Go to Charts

by Carl Janssens, ASA | Aircraft Bluebook — Price Digest

Entering its home stretch, 2009 certainly has been a forgettable year for general aviation. The losses in value for most owners of corporate aircraft have been significant and, at times, have even been heartbreaking.

However, something is happening out there. While economists predict an economic recovery will be achingly slow, some aircraft values are moving up. The change is barely perceptible and does not apply to every market segment. But inventories are finally contracting instead of expanding, and dealers are again becoming cautiously optimistic.

At the Dubai Airshow, Aircraft Bluebook–Price Digest has witnessed upbeat attitudes.

Aircraft Bluebook was represented in Dubai with its sister publications AC-U-KWIK and The Air Charter Guide. These publications are intricately involved in all aspects of corporate aviation, including aircraft values, FBOs, ground transportation, lodging or a multitude of other support services. At the Dubai Airshow, business was robust. The publications experienced record advertising and book sales.

This trade show in Dubai reflects the health of the international corporate aviation segment. We can hope that the skies over North America will soon host greater numbers of corporate jets giving lift to the companies that use corporate aviation to propel themselves out of these dark times.

While the economy thumbs for a lift, corporate aviation is showing signs of lifting the economy. Remember the National Business Aviation Association and General Aviation Manufacturers Association’s campaign slogan: “No Plane, No Gain.”

Jet

Bluebook-at-a-glance
Increased — 46
Decreased — 160
Stable — 652

For large-cabin/long-range aircraft, inventories have firmed with sale prices holding at what should be considered bottom market pricing.  The bottom market seekers still waiting for a better opportunity may be surprised when the uptick in values reemerges.

The Lear 31 and Cessna 525 had values in the plus column. The Gulfstream G-IV and Bombardier Challenger 601 experienced minor decreases.

Turboprop

Bluebook-at-a-glance
Increased — 126
Decreased — 11
Stable — 453

Turboprop ag planes continue to demonstrate improved values for yet another quarter. The Piaggio P180 and the family of Piper Cheyennes experienced modest gains.  Also in the plus column were the 300 series Beechcraft King Air. Values for select 90 series Beechcraft King Airs were down slightly from the previous quarter. Most aircraft in this category remained stable.

Multi

Bluebook-at-a-glance
Increased — 32
Decreased — 37
Stable — 586

Aerostars experienced minor increases in value. The Cessna 421 also demonstrated modest increases when compared to the previous quarter. The Beech Duke and Cessna 414 values were down slightly. Most values reflected no change.

Single

Bluebook-at-a-glance
Increased — 132
Decreased — 108
Stable — 2209

Ag planes kept a positive note for another quarter. The Cirrus SR20 also improved modestly in select model years. For the most part, the majority of single-engine piston aircraft held steady. Decreases in value were minimal. Select Mooneys were down a few thousand dollars.

Helicopter

Bluebook-at-a-glance
Increased — 62
Decreased — 170
Stable — 770

The helicopter markets reported in Bluebook appear to be leveling off as well. Most models were stable for the reporting quarter. Eurocopter Twin Stars as well as the Bell 206 series were up slightly. Some values declining for this quarter include the Eurocopter AS350 and the Bell 430.

Contact Aircraft Bluebook

Please contact Aircraft Bluebook if you have any specific concern in a particular aircraft market. We will be happy to share with you the most up-to-date information available for your market segment. Call us at 877-531-1450 or 913-967-1913.

[Go to Charts.]