Lear 45XR, Lear 60XR, Lear 75
Lear 45XR inventory has remained steady coming into this third quarter of 2018, with transactions cooling off compared to the red-hot end of 2017 and start of 2018. There are currently 13 Lear 45XR’s listed for sale, which represents 6.2% of the active fleet. This is the same number as last quarter, but inventory is down considerably from the 23 aircraft on the market a year ago. There were just three transactions during Q2 of 2018, which is the lowest number of 45XR’s sold since the 1st quarter of 2017. This is likely the result of the large number of transactions during the prior two quarters (13). The Lear 45XR market remains steady, but demand does seem to be leveling off when comparing to recent quarters.
After a spike in inventory last quarter, the number of Lear 60XR’s for sale dropped 25% in the second quarter of 2018. Q1 of 2018 produced just three transactions, with 16 aircraft for sale. The second quarter of 2018 brought four transactions with just 12 aircraft for sale, which is close to the average inventory we saw throughout 2017. Currently, 10.7% of the active fleet is listed for sale. Pricing remains steady coming into the third quarter of 2018, as it has for three consecutive quarters. With pricing, inventory and the number of transactions holding steady, this is a consistent market for both buyers and sellers.
After a drop in transactions last quarter, the Lear 75 market is back on track heading into the second half of 2018. Q2 of 2018 produced three transactions, which makes a total of four sales for 2018. This is up from two last year at this time. Inventory has dropped to four aircraft for sale, after remaining steady at five over the past year. Just 3.9% of the active fleet is listed for sale. Pricing saw a small drop this past quarter, but at a rate not uncommon to newer aircraft in this price range. With inventory low, and transactions steady, the Lear 75 market continues to remain strong as we head into the third quarter of 2018.