learjet 40/40xr - Osmek Storage

MARKET
REPORT
FOURTH QUARTER 2014
LEARJET 40/40XR
EXCLUSIVELY PREPARED BY JAKE BANGLESDORF
WEPUSHTIN.COM | 512.868.9000
MARKET REPORT | Q4 2014
LEARJET 40/40XR
LEARJET 40/40XR MARKET INSIGHT
A warm hello from my desk in Austin Texas (still
65 degrees here!). I hope that you are receiving
this while finishing up a strong 2014. My exclusive
concentration on Learjets, Challengers and
Globals allows me to dig deep into those markets
and retrieve the most detailed and up-to-date
information available. Many aviation industry
professionals use me as their source for market
information because they know my focus allows
me to have more accurate pricing info and sales
figures. That being said, if you send me photos
and specs of your Lear 40, I could tell you how
much your plane would go for on the market
within an hour or so.
!
You can’t say that Lear 40/40XR markets are dead
right now due to inactivity because they only
made 40 Lear 40s and 91 Lear 40XRs. So when I
tell you that four of these birds have sold since my
last report, that isn’t actually a low number (three
in Q3 and one this quarter so far). We’re actually
looking to inventory a Lear 40 before the
beginning of the new year, so I know this market
especially well. The asking prices of Lear 40s right
now (the few that are on the market) average out
to right around $3,000,000. The Lear 40XR fleet
average asking price is just over $3,600,000.
of the most successful business aviation fleets
ever made, the Challenger 350 has upgraded
engines, new avionics and a sleek new
Bombardier interior—much like the differences
between the Lear 40 and Lear 70.
!
With the introduction of the Lear 70, my
prediction is that many small Citation, Lear 31A
and Lear 40 owners are going to call us to see
where their plane fits into the market, and
conversely, what the operating costs are on the
new gorgeous Bombardier light jet.
!
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.
!
I got to chat with one of the design technicians
from Bombardier at NBAA in Orlando while sitting
in the new Lear 75 and got the scoop on the latest
70. I was impressed, and I don’t say that lightly.
The new interior design was first class all the way.
I’m very excited to be around these new birds as
deliveries continue through at least the next
(projected) decade. But how will that effect Lear
40/40XR markets? The same question can be
asked about the Challenger 300 with the
introduction of the Challenger 350. Following one
Jake Banglesdorf
Bombardier Analyst
WEPUSHTIN.COM | 512.868.9000 | JAKE@WEPUSHTIN.COM
MARKET REPORT | Q4 2014
LEARJET 40/40XR
LEARJET 40 MARKET SNAPSHOT
WEPUSHTIN.COM | 512.868.9000 | JAKE@WEPUSHTIN.COM
MARKET REPORT | Q4 2014
LEARJET 40/40XR
LEARJET 40XR MARKET SNAPSHOT
WEPUSHTIN.COM | 512.868.9000 | JAKE@WEPUSHTIN.COM
MARKET REPORT | Q4 2014
LEARJET 40/40XR
LEARJET 40 ON-MARKET AIRCRAFT
YEAR
COUNTRY
TOTAL TIME
ASKING PRICE
2003
United States
5218
Make Offer
2004
Italy
4573
$2,900,000
2005
Spain
1105
$2,759,285
2006
United States
797
$3,600,000
2006
United States
1651
Make Offer
LEAR 40XR ON-MARKET AIRCRAFT
YEAR
COUNTRY
TOTAL TIME
ASKING PRICE
2004
United States
7050
Make Offer
2006
United States
5683
$2,450,000
2008
United States
3365
Make Offer
2011
United States
1182
$5,995,000
2012
Brazil
570
Make Offer
WEPUSHTIN.COM | 512.868.9000 | JAKE@WEPUSHTIN.COM
MARKET REPORT | Q4 2014
LEARJET 40/40XR
LEARJET 40/40XR CURRENT RETAIL/WHOLESALE BOOK VALUES BY YEAR (VREF)
WEPUSHTIN.COM | 512.868.9000 | JAKE@WEPUSHTIN.COM
LEARJET 40/40XR
MARKET REPORT | Q4 2014
LEARJET 40 AVG MARKET VALUE TIMELINE: Q4 2006-PRESENT
2005 Learjet 40 Retail Price History Chart | vRef
7,300
6,800
6,300
5,300
4,800
4,300
3,800
3,300
Year
WEPUSHTIN.COM | 512.868.9000 | JAKE@WEPUSHTIN.COM
20
14
20
13
20
12
20
11
20
10
9
20
0
8
20
0
7
20
0
6
2,800
20
0
Aircraft Value $1,000
5,800
LEARJET 40/40XR
MARKET REPORT | Q4 2014
LEARJET 40 MARKET TRENDS
Lear 40 Average Price By Month
$6,000,000
Average asking Price- US $
$5,500,000
$5,000,000
$4,500,000
$4,000,000
$3,500,000
$3,000,000
09-2014
07-2014
03-2014
01-2014
$2,000,000
05-2014
$2,500,000
Month
For Sale vs. Sold Per Month (May 2014- Present)
10
For Sale By Month
Sold Per Month
9
8
7
6
5
4
3
2
1
0
May
June
July
Aug
Sept
WEPUSHTIN.COM | 512.868.9000 | JAKE@WEPUSHTIN.COM
Oct
LEARJET 40/40XR
MARKET REPORT | Q4 2014
LEARJET 40XR AVG MARKET VALUE TIMELINE: Q4 2007-PRESENT
2005 Learjet 40XR Retail Price History Chart | vRef
8,000
7,500
7,000
6,000
5,500
5,000
4,500
4,000
3,500
Year
WEPUSHTIN.COM | 512.868.9000 | JAKE@WEPUSHTIN.COM
20
14
20
13
20
12
20
11
20
10
9
20
0
8
20
0
7
20
0
6
3,000
20
0
Aircraft Value $1,000
6,500
LEARJET 40/40XR
MARKET REPORT | Q4 2014
LEARJET 40XR MARKET TRENDS
Lear 40XR Average Price By Month
$6,000,000
$5,000,000
$4,500,000
$4,000,000
$3,500,000
$3,000,000
$2,500,000
$2,000,000
$1,500,000
09-2014
07-2014
03-2014
$500,000
05-2014
$1,000,000
01-2014
Average asking Price- US $
$5,500,000
Month
For Sale vs. Sold Per Month (May 2014- Present)
10
For Sale By Month
Sold Per Month
9
8
7
6
5
4
3
2
1
0
May
June
July
Aug
Sept
WEPUSHTIN.COM | 512.868.9000 | JAKE@WEPUSHTIN.COM
Oct
MARKET REPORT | Q4 2014
LEARJET 40/40XR
ABOUT CHARLIE BRAVO AVIATION
With headquarters just north of Austin, Texas, Charlie Bravo Aviation consults with aircraft owners all over
the world on business aircraft transactions. The company facilitates deals with clients who need to buy,
sell, lease or trade an aircraft asset. The sales team handles every aspect of an aircraft transaction--from
mission definition and transaction negotiation to pre-purchase inspections and closing through escrow.
Charlie Bravo’s methodical approach and experience with hundreds of these transactions leaves clients
and partners free to focus on their own businesses. Throughout general aviation, dozens of industry
professionals and fleet operators use Charlie Bravo’s expertise when helping others with fleet transitions.
!
MARKET RESEARCH
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
comprehensive approach they use transfers easily to other models, enabling them to have an accurate
picture of any market in the world within hours. The Research department makes hundreds of phone calls
per week in gathering information to ensure this level of detail, as Charlie Bravo’s clients and industry
partners have come to depend upon this market data for all of their transactions.
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RECOGNITION
WEPUSHTIN.COM | 512.868.9000 | JAKE@WEPUSHTIN.COM