challenger 600 series

MARKET
REPORT
FOURTH QUARTER 2014
CHALLENGER 600 SERIES
EXCLUSIVELY PREPARED BY JAKE BANGLESDORF
WEPUSHTIN.COM | 512.868.9000
MARKET REPORT | Q4 2014
CHALLENGER 600 SERIES
CHALLENGER 600 & 601-1A/3A/3R MARKET INSIGHT
A warm hello from my desk in Austin. Still
decently warm and sunny here in Texas! 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 everything Bombardier. Many aviation
professionals (even appraisal companies and
o t h e r b ro ke r s ) k n o w t h a t m y e xc l u s i v e
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 almost exactly how much a plane is
worth at any given moment.
new activity, we saw prices hold in Q3 and
already in Q4, which stopped the bleeding for
sellers. The story on 601-3As is a little bit different
from the 601-1A market, as sales have slowed
down rather than picked up toward the end of
the year. The average retail value is a little over
$2.3M this quarter. And the great news is that
since July the average selling price has been
$2.25M for 3As. Not too far from retail!
market this year. Last week I put together a
marketing proposal for a client of ours that has a
1982 CL600. I mentioned in my proposal at the
end of 2008, the retail value for a CL600 was
$3.8M. That number sharply dropped to $1.2M in
2010, and values have remained somewhat
steady since then. The average CL600 market
value does sit below the $1M mark, and most
birds have been selling around $600-$900K. But
those numbers can be difficult to gauge because
16 of the 600s have been retired (almost 23% of
the fleet). If your 600 has major maintenance
coming up, it may be time for you to move into a
newer bird and to let our Bombardier parts
partner, Red Aviation, give you a quote for your
plane.
!If
!Straight Challenger 600s are a bit of a tricky
!Last but not least, the 601-3R market: Recording
sold figures has been a little difficult for these
planes; seven transactions this year have brought
in varying numbers. Some planes took big hits,
some almost exactly what they asked for. But the
gap between the 601 series and the 604 remains
wide, as older 604s have been pulling in high
$5Ms low $6Ms.
I’m not already your source for market
information, I’d love to become so. I can be a
huge asset for your company and save you
hundreds of thousands of dollars in a single
transaction. We look at every aspect of
acquisitions and sales, and I would love to give
you a real-time value on your plane(s). I look
forward to working with you.
!The 601-1As, manufactured from 1983 to 1987,
aren’t in much better shape value-wise. Although
they are averaging over $1M, 11 have been retired
since Bombardier put 55 in service in the ‘80s.
From February to July of this year, only three
transactions occurred. However, since then, eight
601-1As have been bought and sold. With this
Jake Banglesdorf
Bombardier Sales &
Acquisitions
WEPUSHTIN.COM | 512.868.9000 | [email protected]
MARKET REPORT | Q4 2014
CHALLENGER 600
CHALLENGER 600 MARKET TRENDS
WEPUSHTIN.COM | 512.868.9000 | [email protected]
MARKET REPORT | Q4 2014
CHALLENGER 601-1A
CHALLENGER 601-1A MARKET TRENDS
WEPUSHTIN.COM | 512.868.9000 | [email protected]
MARKET REPORT | Q4 2014
CHALLENGER 601-3A
CHALLENGER 601-3A MARKET TRENDS
WEPUSHTIN.COM | 512.868.9000 | [email protected]
MARKET REPORT | Q4 2014
CHALLENGER 601-3R
CHALLENGER 601-3R MARKET TRENDS
WEPUSHTIN.COM | 512.868.9000 | [email protected]
MARKET REPORT | Q4 2014
CHALLENGER 600 SERIES
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.
!
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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
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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