Research from Colibri Aircraft shows 2% rise in asking price
New research from London based Colibri Aircraft, which specialises in the marketing, resale and purchase of pre-owned private aircraft, reveals that at the start of this year, globally the average asking price for 13 of the most popular pre-owned jet models that were available to buy globally, was 2% or $139,709.4 higher than in January 2018.
Of the 13 popular private jet models reviewed, there were 335 pre-owned jets for sale in January 2018 for an average asking price of $6,259,434 and the corresponding figures for the same month this year were 302 and $6,399,143. In total, these 13 models account for over 20% of the pre-owned private jet transaction market.
This rise in asking price is in stark contrast to earlier years where Colibri Aircraft’s research reveals the average price of these pre-owned jets in January 2017 was $7,967,097, and for the same month in 2016 it was $9,371,304.
Colibri’s research reveals that of the models of private jets analysed the biggest rise in pre-owned asking price is the Challenger 605 (super mid-sized jet) which saw its asking price rise by a staggering 30% between January 2018 and January 2019. This was followed by the Gulfstream 200 (mid-size) that saw its asking price increase by 22%, and the Falcon 7X (heavy jet) and Challenger 604 (super mid-size) which both saw increases of 11%.
In terms of which aircraft saw the biggest falls in asking prices between January 2018 and January 2019, The Hawker 800 (mid-size) fell by 23% and the Citation Mustang (light jet) fell by 12%. (see notes to editors for a full breakdown of the research).
Oliver Stone, Managing Director, Colibri Aircraft said: “Demand for business is aircraft is holding up, and this combined with a significant fall in the number of these jets available for sale – there were 10% fewer in January this year than the same time in 2018 – means prices have been rising.”
Private jet pre-owned aircraft for sale: Asking prices
| Model of private jet | Jan-18 | Jan-19 | ||||||
| # For Sale | Avg Asking Price | # For Sale | Avg Asking Price | Change (£) | Change (%) | |||
| Falcon 7X (heavy jet) | 22 | $21,965,000 | 15 | $24,490,000 | $2,525,000.00 | 11% | ||
| Gulfstream G550 (heavy jet) | 23 | $23,398,750 | 23 | $23,078,000 | -$320,750.00 | -1% | ||
| Challenger 605 (super-mid-size) | 16 | $10,125,000 | 13 | $13,128,333 | $3,003,333.00 | 30% | ||
| Challenger 604 (super-mid-size) | 35 | $4,343,583 | 19 | $4,823,750 | $480,167 | 11% | ||
| Citation XLS (mid-size) | 23 | $4,201,875 | 13 | $4,279,250 | $77,375 | 2% | ||
| Citation XLS+ (mid-size) | 7 | $6,379,000 | 8 | $6,775,000 | $396,000 | 6% | ||
| Gulfstream G200 (mid-size) | 31 | $4,055,000 | 23 | $4,965,000 | $910,000 | 22% | ||
| Hawker 800 (mid-size) | 59 | $1,850,710 | 51 | $1,420,205 | -$430,505 | -23% | ||
| Hawker 900XP (mid-size) | 19 | $3,996,250 | 17 | $4,358,750 | $362,500 | 9% | ||
| Citation CJ3 (light jet) | 17 | $4,133,333 | 29 | $4,101,727 | -$31,606 | -1% | ||
| Citation Mustang (light jet) | 38 | $1,840,333 | 39 | $1,622,727 | -$217,606 | -12% | ||
| Embraer Phenom 100 (light jet) | 31 | $2,323,801 | 34 | $2,393,000 | $69,199 | 3% | ||
| Embraer Phenom 300 (light jet) | 14 | $6,937,500 | 18 | $7,662,500 | $725,000 | 10% | ||
| Total for Sale | 335 | $6,259,434 | 302 | $6,399,143 | $139,708 | 2% | ||
