Inventory levels have increased 200% from a year ago, but only from one unit to three units. Despite the increase, only 3.3% of the overall fleet is for sale, which is very low. All aircraft on the market are international, and we don't have any indication that prices have changed in a meaningful way over the past 12 months. 260s are selling at a slower pace. The days on market has increased 86% from this time last year. This appears to be driven by the lack of domestic-based options on the market for sale over the last year. There have been nine retail sales over the past 12 months, with four of them transacting in December. No additional King Air 260s have transacted since the beginning of 2026. The vintages of aircraft that have sold since the beginning of December range from 2021 to 2022 models. Based on recent supply and demand trends, there's currently about seven months of inventory on the market for sale. In summary, this market is strong with very limited available inventory.
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