Lear 45XR, Lear 60XR, Lear 75
The fourth quarter of 2018 was the Lear 45XR market’s best quarter of the year. Inventory remained steady at 14 aircraft for sale, but transactions jumped from four during the third quarter, to seven during Q4 2018. Even with this active fourth quarter, the number of transactions during 2018 did not meet the high bar that 2017 set. 26 Lear 45XR’s sold in 2017, compared to 18 sales in 2018. One thing to consider is the average inventory during 2018 was nearly 30% lower compared to 2017. Currently, 6.8% of the active fleet is for sale, which is similar to that of the past year. With pricing holding steady for three consecutive quarters, and activity on the rise, the Lear 45XR market remains a great environment for sellers.
After a slow third quarter of 2018, the 60XR market gained a little bit of traction in the fourth quarter. Q4 2018 added three transactions, giving 2018 a total of 13 Lear 60XR sales. Inventory averaged just over 13 aircraft throughout 2018 and currently sits at 13. Looking back to 2017, 19 Lear 60XR’s had sold, with inventory averaging between 12 and 13 units for sale. The 13 aircraft for sale represent 11.6% of the active fleet. After holding steady for seven consecutive quarters, pricing dipped slightly in the fourth quarter of 2018. With inventory holding relatively steady, and prices dropping slightly, this market is providing good opportunities for both buyers and sellers.
With only 2.6% of the active fleet for sale, the Lear 75 market was still able to produce one sale to round out 2018. Currently, only three Lear 75 aircraft are for sale. This has resulted in a limited amount of transactions throughout 2018. The single 4th quarter transaction brought 2018’s total number of sales to five. This is down slightly from the six transactions during 2017. However, inventory was slightly higher in 2017, hovering around five aircraft for sale. Lear 75 pricing took a hit halfway through 2018, but has held steady since. This market remains good for sellers, in the sense that there is practically no competition. However, attractive pricing has drawn the attention of buyers looking for a good deal.