astra 1125/sp/spx

MARKET
REPORT
FIRST QUARTER 2014
ASTRA 1125/SP/SPX
EXCLUSIVELY PREPARED BY REX MCGREEVY
WEPUSHTIN.COM | 512.868.9000
MARKET REPORT | Q1 2014
ASTRA 1125/SP/SPX
Greetings from the desk of Rex McGreevy. I’m
a market analyst here at Charlie Bravo Aviation
with a focus on the Gulfstream market,
including Astras. Each quarter I put together a
comprehensive review of the Astra market for
Astra owners and share the data as a means
to provide value to your operation. If you are
interested in meeting to discuss the current
market conditions, receive a complimentary
aircraft evaluation or chat about sales or
acquisitions, I’d love to meet with you. If you’d
like to receive this type of report on any other
model of aircraft, please let me know. !
Like many other “vintage” aircraft markets, the
Astra model has seen a strong decrease in
values and continues to do so. Inventory
remains above 10% or higher for all the 1125/
SP/SPX models. The straight 1125 market has
34% of the fleet for sale with 11 aircraft on the
market, average ask price $900,000-$1.2M.
Three of these models have been retired out
of the 35 total built. The 1125SP model—with
36 aircraft built—currently has six listed for
sale or 18% of the fleet. Average asking prices
range from $1.2-2.495M. Twelve percent (or
seven of the 59) SPX models built are for sale
with asking prices between $2.9M and $3.6M.
Across the fleet we see aircraft on the market
for 250-400 days before being removed from
market or sold. These aircraft are selling at a
slow and steady rate, however buyers are
looking for exceptional deals. Aircraft with
lingering inspections and lackluster interiors
will go to the bottom of the list for what
continues to be a buyers’ market. Besides
maintenance records and good aesthetics,
buyers ask for Pro-Line avionics and maybe
an APU. !
Feel free to call me at any time with any
questions, you can reach me at
512-868-9000 or send me an email. If you’d
like a complimentary assessment of your
aircraft’s value, please send me specifications
and current maintenance on the aircraft and I
will prepare an evaluation.
!
REX MCGREEVY Gulfstream Analyst
WEPUSHTIN.COM | 512.868.9000 | [email protected]
MARKET REPORT | Q1 2014
ASTRA 1125
WEPUSHTIN.COM | 512.868.9000 | [email protected]
MARKET REPORT | Q4 2013
ASTRA 1125
ON-MARKET SNAPSHOT
1125
ASKING
DATE LISTED
AFTT
1986
Make Offer
5/21/12
7155
1986
Make Offer
11/27/13
7525
1988
Sale/Trade
6/18/13
7409
1989
Make Offer
9/18/13
7665
1988
$995,000
1/6/12
7428
1988
$995,000
1/10/14
9565
1989
$1,175,000
1/30/14
7105
1989
$1,250,000
2/18/11
9020
1990
Make Offer
1/8/13
10044
1989
Make Offer
5/7/13
6213
1990
Make Offer
10/10/12
7232
1125SP
ASKING
DATE LISTED
AFTT
1990
Make Offer
2/19/14
9490
1991
$2,495,000
1/23/13
4200
1993
$1,750,000
2/26/14
4820
1993
$1,595,000
12/23/13
6083
1996
Make Offer
5/6/13
5541
1996
Make Offer
10/24/13
5838
1125SPX
ASKING
DATE LISTED
AFTT
1998
Make Offer
8/9/11
2120
1999
$2,950,000
3/7/14
4209
1999
Make Offer
2/19/14
5859
1999
$3,250,000
2/6/14
4690
1999
Make Offer
11/20/13
6740
1999
$3,600,000
4/25/11
1560
1999
$3,495,000
1/25/12
4026
WEPUSHTIN.COM | 512.868.9000 | [email protected]
MARKET REPORT | Q1 2014
ASTRA 1125/SP/SPX
ASTRA AVG MARKET VALUE TIMELINE: 2004-PRESENT (VREF)
WEPUSHTIN.COM | 512.868.9000 | [email protected]
MARKET REPORT | Q1 2014
ASTRA 1125/SP/SPX
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.
MEMBERSHIPS
RECOGNITION
WEPUSHTIN.COM | 512.868.9000 | [email protected]