Winter 2017 Beechcraft King Air Series Market Update

King Air C90 Series

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Q4 2016 for the C90GT/GTi/GTx market was one of the slowest quarters we’ve seen, in terms of transactions, since Fall 2015. The good news is that inventory levels, particularly for the C90GT, are in the decline. Asking prices continue to move lower with only the one or two best values in the market changing hands during the quarter. Typically there is a tax-driven push at the end of the year that generates elevated levels of activity compared to earlier in the year, but this year we really didn’t see it. This may be the result of the odd political climate and the uncertainty that came with it. There remains great opportunities for today’s buyer to acquire a good airplane at a good price. Prices for GTs are in the $1.45M to $1.8M range; GTi and GTx models overlap with values ranging in the $1.85M to $2.5M range. A new C90GTx will run north of $3.5M.

If you’re selling, it’s important to stay on top of the market data and have your airplane priced in the “sweet spot” if you want it to move. There are buyers out there -- you just need the right price and right exposure. Otherwise you’ll have the frustrating experience of chasing the prices down in a declining market. That may sound like simple or unnecessary advice, but the historic data points to and current market conditions are indicative of a market that is not booming back to life right now.

Outlook: With President Trump at the controls in the USA, tax reform is a possibility and stock markets surging; maybe the tide is turning?

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King Air C90GT Values & Inventory Levels

C90GT Average Value (2006 Year Model)
% of Fleet for Sale

King Air C90GTi Values & Inventory Levels

C90GTi Average Value (2009 Year Model)
% of Fleet for Sale

King Air C90GTx Values & Inventory Levels

C90GTx Average Value (2011 Year Model)
% of Fleet for Sale

King Air C90GT Winter 2017

 C90GTC90GTiC90GTx
Current For-Sale Inventory7910
Total Fleet96121154
Percent of Fleet for Sale (Current)7.3%7.4%6.5%
Pre-Owned Transactions (Q4 2016)221
Average Days on Market*3823380 (sold off market)
New Deliveries (Q4 2016)--0

*For Aircraft Sold in Recent Quarter. Does not include “Off Market” sold aircraft.

King Air 200 Series

The B200/200GT/250 markets are in similar shape to the C90 markets mentioned earlier in this report, with slow activity levels. The B200 markets appear largely steady, as statistically, they tend to be older and have already depreciated to low levels compared with the B200GT & 250 models. The B200 markets in particular are difficult to characterize in generalities because you might be trying to compare, for example, a 1982 model with 13,000 hours to a 2004 model ProLine 21 airplane that may have Blackhawk and Raisbeck conversions, and those two types of aircraft have very little in common, value wise. As a buyer, it is very important to be able to understand and analyze the differences in these airplanes, as the value can vary wildly based on Times, Condition, Equipment and Modifications. A “cheap” airplane may not really be that cheap and an “expensive” airplane might a bargain.

The B200GT & 250 Markets are easier to understand as these airplanes are largely the same, newer and not as heavily modified or upgraded as the B200s. The B200GT was upgraded in 2008 from the standard B200 with the addition of the upgraded PT6A-52 engines. The 250 was introduced in 2011 with various improvements, most notably winglets. The inventory levels are low, percentage wise, and still dropping, but pricing has come down rather dramatically in recent years due in large part to a steep depreciation curve. If you’re buying a late model 250, make sure you know what you can buy a new one for and adjust appropriately for the wear, hours, and warranty status. A B200GT should sell in the mid $2Ms to low/mid $3Ms, and pre-owned 250’s around the mid $3Ms. Textron issued a SB for the ADS-B upgrade this past quarter. It’s pricey and with the mandate coming in 2020, this will surely be an important evaluation point.

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Click Here for our Current Inventory

King Air B200 Values & Inventory Levels

B200 Average Value (2000 Year Model)
% of Fleet for Sale

King Air B200GT Values & Inventory Levels

B200GT Average Value (2009 Year Model)
% of Fleet for Sale

King Air 250 Values & Inventory Levels

250 Average Value (2011 Year Model)
% of Fleet for Sale

King Air B200/250 Series Market Winter 2017

 B200B200GT250
Current For-Sale Inventory8988
Total Fleet1,080115155
Percent of Fleet for Sale (Current)8.2%7.0%5.2%
Pre-Owned Transactions (Q4 2016)2923
Average Days on Market*312210250
New Deliveries (Q4 2016)--6

*For Aircraft Sold in Recent Quarter. Does not include “Off Market” sold aircraft.

King Air 350/350i

King Air 350 / 350i markets are more of the now-familiar story like the late-model 250s and 90GTx planes: moderate price declines with slower activity in the past several months. Inventory levels, specifically on the 350i market, have declined over the past few years, but in 2016 that trend reversed rather dramatically. Pricing continues to fall on late-model aircraft as Textron continues to discount factory-new pricing.

The 350/350i market is internationally operated and owned more than any of the other King Air models, and can be more subject to geopolitical issues such as Brexit and currency fluctuations. While Q4 was slow for this segment, the new year could tell a different story – we’ll just have to wait and see. There are few airplanes that can carry as much and go as far as a 350 / 350i.

In terms of values, a typical, mid-2000s vintage King Air 350 should bring somewhere in the mid/high $2Ms if marketed competently. King Air 350i values sit in the mid $4Ms range. ADS-B is becoming an important evaluation point on these as well.

Click Here for Printable Report in PDF format
Click Here for our Current Inventory

King Air 350 Values & Inventory Levels

350 Average Value (2002 Year Model)
% of Fleet for Sale

King Air 350i Values & Inventory Levels

350i Average Value (2011 Year Model)
% of Fleet for Sale

King Air 350 Series Market Winter 2017

 KA350KA350i
Current For-Sale Inventory4613
Total Fleet715314
Percent of Fleet for Sale (Current)6.4%4.1%
Pre-Owned Transactions (Q4 2016)121
Average Days on Market*277118
New Deliveries (Q4 2016)-7

*For Aircraft Sold in Recent Quarter. Does not include “Off Market” sold aircraft.

King Air Series Historic Pre-Owned Transactions

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