The Challenger 300

Is it possible for the number of transactions in a quarter to exceed the number available for sale? In
this current Challenger 300 market it certainly is. Q2 of 2018 brought 21 transactions with just 20 aircraft listed for sale. Looking back a year ago, Q2 of 2017 produced only 11 sales, with 31 Challenger 300’s on the market. Even when compared to the 1st quarter of 2018, inventory has dropped 20% with transactions jumping from 14 to 21 aircraft sold in Q2 2018. Pricing is strong and has been for the past few quarters. With declining inventory and increasing demand, this makes...

Download the full fall 2018 issue of Aircraft Bluebook Marketline to read more.

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Download the full fall 2018 issue of Aircraft Bluebook Marketline.

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General Dynamics Buys Nordam Nacelle Line for Gulfstreams

Gulfstream maker General Dynamics (GD) said Oct. 1 it acquired the Nordam Group’s nacelle manufacturing line for the Gulfstream G500 and Gulfstream G600, ending a drama that saw the latter file for bankruptcy and threats arise to one of industry’s high-profile business jets.

GD said it will continue to operate the line at Nordam’s Tulsa, Oklahoma, facility. A federal bankruptcy judge approved the transfer Sept. 26, clearing the way for the acquisition. Terms will not be disclosed, the company added.

According to GD, a deal for the line was filed in court in September. What is more, GD had been operating the line “since early September” under a sublease as parties worked to address Nordam’s bankruptcy, filed July 22.

“Gulfstream has a 60-year history of manufacturing and product excellence that will serve our customers well as we assume responsibility for nacelle production,” Gulfstream President Mark Burns said. “The manufacturing of this component is firmly in our wheelhouse, especially since we also manufacture the wings and empennages for these aircraft.”

Family owned Nordam filed for bankruptcy protection after a protracted contract dispute with Pratt & Whitney Canada over the PW800 nacelle system used in G500s and G600s. The company said the bankruptcy was due to...

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Aircraft Bluebook Marketline’s Current Market Strength represents an aircraft’s current strength in the market. An A+ rating indicates the aircraft is enjoying a very firm market. Prices for an A+ aircraft are steadily rising, and holding times are very short or nonexistent. At the opposite end of the spectrum, a C- aircraft is one experiencing a very soft market. Its price is commonly discounted, and it often sets on the ramp in excess of eight months before selling. It is important to remember that Current Market Strength is not a forecast. It is valid only at Marketline’s effective date of release. March 1, 2018, is the effective date for the data represented in the table below.

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Approximately 20 of the 264 CJ4s in the fleet have sold in the last year

Credit: Nigel Prevett

By Chris Reynolds, ASA | Editor/Aircraft Appraiser | Aircraft Bluebook

Aircraft Bluebook At-a-Glance has reviewed the current market status of the Cessna Citation CJ4 business jet. Research for this study was obtained in part from Aircraft Bluebook, Aircraft Bluebook’s Historical Value Reference, the FAA’s registry website and various trade services.

Demand

The active Citation CJ4 fleet is approximately 264 aircraft currently. At the time of this writing, approximately 10 CJ4s, representing 3.7 percent of the active fleet, were reported for sale, with the average time on market likely more than 200 days.

Pricing

Current offerings for the Citation CJ4s range from $6 million to mid-$7 million. Airframe time varies from several hundred hours to around 4000 hours, depending on the year-model ...

Download the full spring 2018 issue of Aircraft Bluebook Marketline to read more.

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