CBA Learjet 31A MARKET REPORT 4Q 2014

MARKET
REPORT
FOURTH QUARTER 2014
LEARJET 31A
EXCLUSIVELY PREPARED BY JAKE BANGLESDORF
WEPUSHTIN.COM | 512.868.9000
MARKET REPORT | Q4 2014
LEARJET 31A
LEARJET 31A MARKET INSIGHT
A warm hello from my desk in Austin, Texas. An
early cold front took Texas buy surprise, but I’m
sure we’ll see more warm weather before
winter sets in. I hope this report finds you
finishing up the year in stride, and getting ready
for the upcoming holiday season. As the
Bombardier market guru here at CBA, I am
completely entrenched in the current values of
e v e r y t h i n g B o m b a r d i e r. M a n y a v i a t i o n
professionals (even appraisal companies and
other brokers) know that my exclusive
concentration and expertise with Lears,
Challengers, and Globals allow me to stay
ahead of the rest of the industry in regards to
finding off-market aircraft, gathering sold
figures, and knowing how much a plane is
worth at any given moment.
!I have been pretty entrenched in this market
recently because we have two acquisition
agreements in hand to purchase Lear 31As—
that being said, if you’d like us to take a look at
your bird and present you an offer, don’t
hesitate to contact me. I could easily tell you
about how much your plane is worth within an
hour of you emailing me photos, specs, and a
maintenance report (it’s what they pay me to
do!).
!Now on the market side of things—just because
the number of 31As for sale hasn’t fluctuated
from my last market report to this one, doesn’t
mean there hasn’t been any activity. In fact, five
Lear 31As have sold this quarter already, and
two came off the market without selling. Of the
39 planes listed on the market, about 30 of
them are actually for sale. Almost all of the 31As
sold since the beginning of the fourth quarter
this year have been older aircraft. Selling prices
this quarter have been between $600,000 and
$1,250,000. Now that the older 31As have been
getting picked quickly, we can see prices
firming up and swinging somewhat in the favor
of the sellers. And we are about to take two
more off the market for our clients!
!Here are some pro tips I learned from a pilot
friend of mine that you might benefit from as a
31A owner: Windshields on this aircraft get
delaminated easily due to the standard de-fog
system in the 31A. He recommends not using
the de-fog unless you absolutely need to (and
definitely not using it 100% of the time which is
called for in standard procedure). The other
recommendation is to cover those windshields
with a cover from the outside, and not the
reflective shields from within, which turn your
31A windshields into a mini-oven during the
summer (further delaminating the glass). Some
31As have been selling around $650,000; and
paying 10% of the value of your airplane for
windshields is not a good way to end any
inspection.
!If we are not already speaking regularly, I’d like
to start that conversation with you. I’d be happy
evaluate your aircraft in the current market with
no strings attached. If you’d like to talk
numbers, performance, challenges or my
market predictions, give me a call or shoot me
an email. I look forward to helping you.
Jake Banglesdorf
Bombardier Analyst
WEPUSHTIN.COM | 512.868.9000 | JAKE@WEPUSHTIN.COM
MARKET REPORT | Q4 2014
LEARJET 31A
MARKET SNAPSHOT
!There are currently 39 Learjet 31As listed on the market. This accounts for 18.9% of the 31As in operation
today. Asking prices range from $699K - $2.2M.
WEPUSHTIN.COM | 512.868.9000 | JAKE@WEPUSHTIN.COM
MARKET REPORT | Q4 2014
LEARJET 31A
LEARJET 31A FOR SALE BY YEAR OF MANUFACTURE
WEPUSHTIN.COM | 512.868.9000 | JAKE@WEPUSHTIN.COM
MARKET REPORT | Q4 2014
LEARJET 31A
LEARJET 31A MARKET TRENDS
Lear 31A Average Asking Price By Month
$1,600,000
Average asking Price- US $
$1,550,000
$1,500,000
$1,450,000
$1,400,000
$1,350,000
$1,300,000
$1,250,000
$1,200,000
01-2014
03-2014
05-2014
07-2014
09-2014
Month
For Sale vs. Sold Per Month (May 2014- Present)
45
40
35
30
25
For Sale By Month
Sold Per Month
20
15
10
5
0
May
June
July
Aug
Sept
WEPUSHTIN.COM | 512.868.9000 | JAKE@WEPUSHTIN.COM
Oct
Nov
MARKET REPORT | Q4 2014
LEARJET 31A
LEARJET 31A CURRENT RETAIL/WHOLESALE BOOK VALUES BY YEAR (VREF)
WEPUSHTIN.COM | 512.868.9000 | JAKE@WEPUSHTIN.COM
LEARJET 31A
MARKET REPORT | Q4 2014
LEARJET 31A AVG MARKET VALUE TIMELINE: Q1 1996-PRESENT
LEARJET 31A Retail Price History Chart | VRef
4,000
2,000
1,000
Quarter / Year
WEPUSHTIN.COM | 512.868.9000 | JAKE@WEPUSHTIN.COM
Q
3/
20
14
20
13
3/
Q
Q
3/
20
12
20
11
3/
Q
20
10
3/
Q
20
0
3/
Q
20
0
3/
Q
9
8
7
Q
3/
20
0
6
Q
3/
20
0
20
0
3/
Q
3/
20
0
4
5
0
Q
Aircraft Value x 1000
3,000
MARKET REPORT | Q4 2014
LEARJET 31A
ABOUT CHARLIE BRAVO AVIATION
With headquarters just north of Austin, Texas, Charlie Bravo Aviation consults with aircraft owners all over
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Charlie Bravo’s methodical approach and experience with hundreds of these transactions leaves clients
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professionals and fleet operators use Charlie Bravo’s expertise when helping others with fleet transitions.
!
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Charlie Bravo Aviation’s market research data is unmatched. The Research team maintains up-to-date
competitive data and “take” prices for 100 of the most popular aircraft manufacturers and models. And the
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partners have come to depend upon this market data for all of their transactions.
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