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For over 50 years, Aircraft Bluebook has been providing valuable information designed to give the most accurate, comprehensive and timely assessment of the aircraft market.
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Current Market Strength

Situational Awareness

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...

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

Subscribe to the Aircraft Bluebook Marketline newsletter.

Current Market Strength of 50 Pre-Owned Aircraft Models: Spring 2018

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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Cessna Citation CJ4 Pre-Owned Market at a Glance

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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Gulfstream G550 Pre-Owned Market at a Glance

Thirty of the 550 G550s in the fleet have sold in the last year

Credit: Gulfstream Aerospace

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

Aircraft Bluebook At-a-Glance has reviewed the current market status of the Gulfstream G550 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.

Demand

The G550 fleet sits at approximately 550 active aircraft. At the time of this writing (December 2017), approximately 20 to 25 G550s, representing approximately 4.5 percent of the active fleet, were reported for sale. Over the last year, approximately 30 sales appear to have occurred with the days on market ranging anywhere from 200 to 300+ days.

Pricing

Current offerings in the G550 market range from $15 million to $37 million. Airframe time varies from 1000 hours to greater than 10,000 hours, depending on the year-model. Equipment including upgrades ...

Download the full Winter 2017 issue of Aircraft Bluebook Marketline to read more.

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