The market continues to soften with inventory levels up 20% from a year ago. The average asking price has decreased 10% over the past 12 months and 900Bs are selling at a slightly slower pace. The days on the market has increased 10% from this time last year and there have been 17 retail sales over the past 12 months. The vintages of aircraft that have sold over the last 12 months range from 1986 to 1990. And based on recent supply and demand trends, there's currently about 13 months of inventory on the market for sale. In summary, although there has been a decrease in asking prices, the market is very active and stable. Aircraft with avionics upgrades and recent 2C or 4C inspections are selling at a premium due to parts and component availability, ever-present corrosion issues and significant landing gear overhaul backlogs. Supply and demand are balanced and in alignment.
COMING SOON...
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This market continues to soften with inventory levels up 54% from last year. However, the asking prices have increased 9% over the past 12 months and 900Bs are selling at a faster pace. The days on the market has decreased 21% from this time last year. There have been 20 retail sales over the past 12 months. The vintages of the aircraft that range from 1986 to 1996 models. Based on recent supply and demand trends, there's currently about 17 months of inventory on the market for sale. In summary, although there have been an increase in asking prices, this market is active but a bit sluggish as the aging fleet has become increasingly expensive to maintain.
Aircraft with avionics upgrades and recent 2C or 4C inspections are selling at a premium due to parts and components availability, ever-present corrosion issues, and significant landing gear overhaul backlogs. Overall, I categorize the 900B Market as a seller's market with recent C checks and a buyer's market for aircraft with a 2 or 4C coming due in the next 3 years or less.
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