This market continues to be stable and very active, with inventory levels down 12% from a year ago. The average asking price has slightly dropped 2% over the past 12 months, and 7Xs are selling at a faster pace. Days on the market has decreased 41% from this time last year, and there have been 42 retail sales over the past 12 months. Based on recent supply and demand trends, there's currently about 6.3 months of inventory on the market. In summary, over the past several years, asking prices have dropped as much of the 7X fleet approached their first 2C inspection, although many aircraft are on Falcon Care aircraft maintenance programs. Aircraft not on Falcon Care are obviously less desirable as these initial major inspections come due, and can be priced accordingly. Landing gear overhauls are taking over six months to complete on the 7X. Overall, I'd categorize the 7X market as a seller's market with a recent increase in 2C check and a buyer's market for aircraft with a 2C coming due in the next two years or less.
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This market continues to be active with inventory levels up 36% from a year ago. The average asking price has dropped 3% over the past 12 months and 7Xs are selling at a slightly slower pace. The days on the market has also gone up 12% from this time last year. There have been 23 retail sales over the past 12 months. Based on recent supply and demand trends, there's currently about 11 months of inventory on the market for sale. In summary, asking prices have dropped slightly as much of the 7X fleet approaches their first 2C and 4C inspections, although many aircraft are on FalconCare Airframe Maintenance Program. Aircraft not on FalconCare are obviously less desirable as these major inspections come due and can be priced accordingly. Overall, I'd categorize the 7X market as a seller's market with a recent 2 or 4C check and a buyer's market for all aircraft with the 2 or 4C coming due in the next two years. I still give the 7X market a balanced B-Demand rating.
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