Phenom 100, Phenom 300
The Phenom 100 market looks completely different than it did just six months ago. If we look back to the third quarter of 2018, there were just 12 Phenom 100’s for sale. Of these 12, most were located outside of the US. Currently, there are 25 aircraft for sale which represent 8.4% of the active fleet. Transactions have also slowed, with just three transactions occurring during Q1 2019. If we compare that to the start of 2018, we are well behind the eight sales completed during Q1 2018. Later model Phenom 100 pricing is holding steady, although early model years have seen pricing soften as they near their 10-year gear/airframe inspections. With over twice the selection compared to six months ago, this may be the best time to purchase a Phenom 100 in recent years.
After 19 combined transactions during the prior two quarters, the Phenom 300 market finally cooled off and only produced one sale during the first quarter of 2019. Looking back over the past eight quarters, Q1 2019 was the slowest quarter during that time frame. Inventory is still relatively low, with 14 listings representing just 3% of the active fleet. Overall pricing has increased, which is now at levels not seen since Q4 2017. It has been four consecutive quarters now with pricing either stable or climbing. With strong pricing, this market remains positive for sellers. However, if activity doesn’t pick up buyers may find it easier to find a Phenom 300 with the specifications they desire.