![]() The Canadian manufacturer unveiled the successor Challenger 350 at the EBACE convention in 2013 and certified the upgraded model in June 2014.īombardier has delivered 455 Challenger 300s and 376 Challenger 350s overall, with 81% of the later variant domiciled in North America, according to the Aviation Week Network Fleet Discovery database. The twinjet entered service in January 2004 and was produced through 2014. At this point, it’s almost completely across the board in terms of demand outpacing supply.”īombardier received type certification from Transport Canada for the clean-sheet-design Challenger 300 in May 2003. But now that they’ve come back, you’re seeing supply down 40-60% and sales in the last six months eclipsing the total number of aircraft on the market currently. “The most surprising thing was just how slow those markets were during the pandemic. “Some of your aircraft makes and models just stand out as fantastic all-around in value and performance and size, and those have been absolutely cleaned out in terms of supply-your Challenger 300s, your CJ3s, your G550s,” said Hasty. Jared Hasty, director of sales and key accounts with OGARAJETS, and other broker-dealers who spoke during a BCA webinar May 12, echoed Comstock’s observations of a tight pre-owned market across multiple business jet categories. Due to the dearth of aircraft currently for sale on the open market, we have been undertaking many aircraft acquisition projects for buyers, often sourcing ‘off-market’ aircraft via our industry counterparts-banks, manufactures, etc.” It’s typically something unforeseen and so there’s no predicting what could derail what is currently a super-heated market. “In fact, in 2007, when inventory levels last reached the levels they are today, within two years pre-owned choices had nearly doubled. “My experience tells me this always changes,” adds Comstock. ![]() But this is the first time in my career that I am more anxious about not having enough sellers,” he says. “As a broker, I have at times over the last 20 years since Jeteffect was formed, been concerned in down markets that there weren’t going to be enough buyers to sustain our business model. Worldwide inventory of all pre-owned jets for sale stood at a 14-year low, Comstock says. Travel restrictions caused by the COVID-19 pandemic challenged all potential buyers from seeing these and other jets. When he spoke with BCA, Comstock knew of three pre-owned Challenger 350s for sale-one each in Asia, Turkey and Pakistan-but none based in the U.S. hit the nail on the head from performance to the flat floor to the cabin.” The Challenger 350 “owns that segment,” with more than 800 jets delivered, when including the predecessor Challenger 300, says Bryan Comstock, founding partner and West Coast managing director with aircraft dealer Jeteffect. There were only two or three Bombardier Challenger 350s available for sale on the pre-owned market this spring, attesting to the tightness of the market and the attraction of the super-midsize 350.
0 Comments
Leave a Reply. |