By James Becker, Accredited Senior Appraiser and Mike Fischer – Aircraft Research Manager
In the past few weeks we have identified exceptional values in the light, midsize, and large jet markets. Now we look at the super midsize category. We have identified three aircraft in this category that can be purchased for a fraction of their MSRP cost new. If your mission is best suited for a super midsize aircraft, here are three exceptional values.
#3 – Cessna Citation X
When introduced in 1996, the Citation X was the fastest, most comfortable, and efficient aircraft in its class. In fact, this aircraft was even awarded the esteemed Collier trophy. With a cruise speed of .90 Mach, and a range of just over 3,000 miles, this aircraft can carry up to eight passengers with speed and comfort. Depending on the load, this aircraft can go from Los Angeles to New York in less than six hours. At any given time, there are usually around 30 used aircraft to choose from. An upgrade to consider on this aircraft are the Honeywell Primus Elite avionics and blended winglets. Produced from 1996 to 2012, and with over 300 airframes in operation, this aircraft is still supported extremely well with no issues getting maintenance, parts, or modifications. Currently a 2007 model retains 21% of its original MSRP value according to the Aircraft Bluebook.
#2 Dassault Falcon 50EX
The Falcon 50EX can trace its roots directly back to the Falcon 50, which was introduced in 1980, and produced until 1996. With its three engines, high cruise speed, and relatively short landing distance, the Falcon 50 was unequaled in this segment. The Falcon 50EX featured upgraded engines and avionics, and can fly higher, faster, and longer than its predecessor. Upgrades to this aircraft include the Collins Pro Line 21 avionics suite and blended winglets. Produced from 1997 to 2007, there are 100 examples still in operation. Support for the Falcon 50EX is excellent, with plenty of maintenance and upgrade options. With around a dozen used units available for sale at any given time, there is ample supply, given the lower production numbers for this model. Like the Citation X, a 2007 model retains just 21% of its original MSRP according to the Aircraft Bluebook. The Falcon 50EX is our #2 super mid-size bargain buy.
#1 Gulfstream G200
Originally designed by Israel Aviation Industries (IAI), the G200 was introduced in 2000 as the Westwind Galaxy. When Gulfstream purchased IAI in 2001, this aircraft was rebranded as the Gulfstream G200. With nearly 1,100 cu. ft. of cabin volume, the G200 has one of the roomiest cabins in its class. Combine the large cabin size with more than adequate speed and range, and you have a super mid-size that’s hard to beat. Produced from 2000 to 2011, when it was significantly upgraded and re-designated as the G280, 241 remain in the fleet. Usually, there are 25 to 30 preowned units to choose from. Supported by Gulfstream, the G200 is well supported. With a 20% value retention for the 2007 model according to Aircraft Bluebook, this is our #1 best buy in the super mid-size category.
Wrap Up
If you’d like to talk about finding the right large jet for your mission, contact sales@elliottjets.com or call 844.937.5387. You can also request a free valuation of your aircraft here. Make sure to sign up for our mailing list to receive other tips on how to find the best bargains in used jet markets.
About James Becker
Jim Becker has been an aircraft analyst for 27 years. He holds an F.A.A. Airframe & Power Plant Mechanic license and is a graduate of the Aviation Institute at the University of Nebraska at Omaha. He is an Accredited Senior Appraiser with the American Society of Appraisers. James has an extensive knowledge of the aircraft market and has tracked and analyzed thousands of aircraft transactions. Under his Aircraft Specific designation with the American Society of Appraisers, James specializes in developing current and projected market values for used reciprocating engine aircraft and turbine-powered aircraft, including corporate, commuter and private applications of airplanes and helicopters as well as all types of airline equipment. James is based in Elliott Aviation’s Des Moines Iowa facility.
About Mike Fischer
Mike Fischer joined Elliott Jets in 2018 as a market analyst. He is a graduate of Northern State University in Aberdeen, South Dakota. With his combination of business, accounting and banking industry background, along with his passion for aviation, Mike provides trusted and reliable valuations of numerous business jets and turbo props. Fischer’s expertise includes Phenom, Hawker, Learjet, Challenger, Citation, Premier and most single-engine turbo prop markets. A third generation pilot, he holds multi-engine, commercial and instrument ratings. Mike is based out of Elliott Aviation’s Eden Prairie, Minnesota facility.