jet...market summary inventory levels remained unchanged for the challenger 350 pre-owned market,...

11
1 ...at a higher level. Jet Transactions 2018 continues to grow and show strong signs of stability. Q3 was exciting for new product certifications led by Gulfstream announcing the certification of the all new G500 and followed by Bombardier's certification of the Ultra-Long Range Global 7500. On top of new large aircraft product announcements at EBACE in May, confidence in future growth is apparent. Overall, in the segments we track, Q3 reflected the normal seasonal variations (vacation time) and new deliveries and pre-owned transactions were down 20+% over Q2. Shops are full with pre- buys and NextGen upgrades in addition to their normal maintenance customers. The pre-owned inventory continues to fall, down another 8.1% this quarter. In many cases, popular late model aircraft are below 5% of the fleet being available for sale. Gross numbers of pre-owned transactions will continue to decline for the foreseeable future as the market is seriously supply constrained. How does this affect the Bombardier pre-owned market? With a whirlwind of new options coming to market soon, factory new buyers should soon start the migration from the existing product line to the latest and greatest offerings. Bombardier is well positioned with three new models to discuss – all available for delivery in the next 1-2 years. Overall pre-owned transaction levels dropped significantly across the Bombardier tracked models, with a slight uptick in inventory for sale. New deliveries also edged downward, the largest drop across all three OEM’s, though not uncommon traditionally for the third quarter. Brant Dahlfors LOS ANGELES | NEWPORT BEACH | WEST PALM BEACH | CHICAGO | EUROPE www.Jet Transactions.com Challenger 300 2 Challenger 350 3 Challenger 604 4 Challenger 605 5 Global 5000 Classic 6 Global 5000 Vision 7 Global Express 8 Global XRS 9 Global 6000 10 Quarter 3 2018 BOMBARDIER MARKET UPDATE Q3 2018

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Page 1: Jet...Market Summary Inventory levels remained unchanged for the Challenger 350 pre-owned market, with a second consecutive quarter of no recorded transactions and no new entrants

1

...at a higher level.JetTransactions

...at a higher level.JetTransactions

2018 continues to grow and show strong signs of stability. Q3 was exciting for new product certifications led by Gulfstream announcing the certification of the all new G500 and followed by Bombardier's certification of the Ultra-Long Range Global 7500. On top of new large aircraft product announcements at EBACE in May, confidence in future growth is apparent.

Overall, in the segments we track, Q3 reflected the normal seasonal variations (vacation time) and new deliveries and pre-owned transactions were down 20+% over Q2. Shops are full with pre-buys and NextGen upgrades in addition to their normal maintenance customers. The pre-owned inventory continues to fall, down another 8.1% this quarter. In many cases, popular late model aircraft are below 5% of the fleet being available for sale. Gross numbers of pre-owned transactions will continue to decline for the foreseeable future as the market is seriously supply constrained.

How does this affect the Bombardier pre-owned market? With a whirlwind of new options coming to market soon, factory new buyers should soon start the migration from the existing product line to the latest and greatest offerings. Bombardier is well positioned with three new models to discuss – all available for delivery in the next 1-2 years. Overall pre-owned transaction levels dropped significantly across the Bombardier tracked models, with a slight uptick in inventory for sale. New deliveries also edged downward, the largest drop across all three OEM’s, though not uncommon traditionally for the third quarter.

Brant Dahlfors

LOS ANGELES | NEWPORT BEACH | WEST PALM BEACH | CHICAGO | EUROPE

www.JetTransactions.com

Challenger 300 2

Challenger 350 3

Challenger 604 4

Challenger 605 5

Global 5000 Classic 6

Global 5000 Vision 7

Global Express 8

Global XRS 9

Global 6000 10

Quarter 3

2018

BOMBARDIER MARKET UPDATE Q3 • 2018

Page 2: Jet...Market Summary Inventory levels remained unchanged for the Challenger 350 pre-owned market, with a second consecutive quarter of no recorded transactions and no new entrants

2

www.JetTransactions.com

Inventory High 42

Inventory Low 17

Avg. Sales Price $8.9M

Avg. Ask Price $9.4M

Avg. Days on Market 249

North American Sales 93%

Market History24 MONTH AVERAGE

Current Market

Currently for Sale 22

Ask Price Range $6.3M - $11.9M

% of Active Fleet 4.8%

In Operation 454

Pre-Owned Sold Avg Ask Price in MillionsAvg Pre-Owned For Sale

CL300 Based Locations BASED LOCATIONS

NORTH AMERICA

SOUTH AMERICA

AFRICA

OCEANIA

ASIA

EUROPE

For SaleQ3 - 2018

Pre-Owned SoldIN LAST 12 MONTHS

CL300 MARKET UPDATE Q3 • 2018

Market Summary

Activity in the pre-owned Challenger 300 marketslowed down a bit this quarter, with only 6 unitschanging hands compared to 15 in the previousquarter. Inventory levels are up nearly 30% to22 units for sale as sellers are presenting planesat higher prices than they have seen in years, asindicated by quarterly Average Ask Prices upabove $8M. Buyers are benefiting from increased selections in the mid to late vintage serial numbers coming available.

BASED LOCATIONS

NORTH AMERICA

SOUTH AMERICA

For Sale

Pre-OwnedSold

AFRICA

OCEANIA

ASIA

EUROPE

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AVG PRE-OWNED FOR SALE Q2-2016 - Q1-2018

AVG PRE-OWNED SOLD FOR SALE Q2-2016 - Q1-2018

PRE_OWNED SOLD NEW SOLDkeep same axis value and stack

AVG ASK PRICE IN MILLIONS

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AVG PRE-OWNED FOR SALE Q2-2016 - Q1-2018

AVG PRE-OWNED SOLD FOR SALE Q2-2016 - Q1-2018

PRE_OWNED SOLD NEW SOLDkeep same axis value and stack

AVG ASK PRICE IN MILLIONS

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AVG PRE-OWNED FOR SALE Q2-2016 - Q1-2018

AVG PRE-OWNED SOLD FOR SALE Q2-2016 - Q1-2018

PRE_OWNED SOLD NEW SOLDkeep same axis value and stack

AVG ASK PRICE IN MILLIONS

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Page 3: Jet...Market Summary Inventory levels remained unchanged for the Challenger 350 pre-owned market, with a second consecutive quarter of no recorded transactions and no new entrants

3

www.JetTransactions.com

Inventory High 5

Inventory Low 1

Avg. Sales Price $16.2M

Avg. Ask Price $16.6M

Avg. Days on Market 227

North American Sales 82%

Market History24 MONTH AVERAGE

Current Market

Currently for Sale 4

Ask Price Range $17.2M - $17.5M

% of Active Fleet 1.6%

In Operation 246

Pre-Owned & New Sold Avg Ask Price in MillionsAvg Pre-Owned For Sale

CL350 Based Locations

CL350 MARKET UPDATE Q3 • 2018

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AVG PRE-OWNED FOR SALE Q2-2016 - Q1-2018

AVG PRE-OWNED SOLD FOR SALE Q2-2016 - Q1-2018

PRE_OWNED SOLD NEW SOLDkeep same axis value and stack

AVG ASK PRICE IN MILLIONS

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published graph abovehas Q2 & Q3 2016 DELETED

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AVG PRE-OWNED FOR SALE Q2-2016 - Q1-2018

AVG PRE-OWNED SOLD FOR SALE Q2-2016 - Q1-2018

PRE_OWNED SOLD NEW SOLDkeep same axis value and stack

AVG ASK PRICE IN MILLIONS

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published graph abovehas Q2 & Q3 2016 DELETED

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AVG PRE-OWNED FOR SALE Q2-2016 - Q1-2018

AVG PRE-OWNED SOLD FOR SALE Q2-2016 - Q1-2018

PRE_OWNED SOLD NEW SOLDkeep same axis value and stack

AVG ASK PRICE IN MILLIONS

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published graph abovehas Q2 & Q3 2016 DELETED

17.3

BASED LOCATIONS

NORTH AMERICA

SOUTH AMERICA

AFRICA

OCEANIA

ASIA

EUROPE

For SaleQ3 - 2018

Factory-New Sold Pre-Owned SoldIN LAST 12 MONTHS

BASED LOCATIONS

NORTH AMERICA

SOUTH AMERICA

AFRICA

OCEANIA

ASIA

EUROPE

For Sale(Q1 - 2018)

Factory-New Sold Pre-Owned Sold(IN LAST 12 MONTHS)

0 0 0

3 24 3

0 4 1

0 2 0

1 1 0

0 0 0

Market Summary

Inventory levels remained unchanged for the Challenger 350 pre-owned market, with a second consecutive quarter of no recorded transactions and no new entrants to the market. The fleet continues to grow with another 6 units taking delivery this quarter and will undoubtedly pass 250 units in owner’s hands in early Q4. A consistently strong brand internationally, Bombardier continues to show its marketability abroad with 25% of the pre-owned recorded sales and current available inventory occurring outside of North America.

New

Pre-Owned

Page 4: Jet...Market Summary Inventory levels remained unchanged for the Challenger 350 pre-owned market, with a second consecutive quarter of no recorded transactions and no new entrants

4

BASED LOCATIONS

NORTH AMERICA

SOUTH AMERICA

AFRICA

OCEANIA

ASIA

EUROPE

For SaleQ3 - 2018

Pre-Owned SoldIN LAST 12 MONTHS

www.JetTransactions.com

Inventory High 42

Inventory Low 16

Avg. Sales Price $4.6M

Avg. Ask Price $5.1M

Avg. Days on Market 253

North American Sales 77%

Market History24 MONTH AVERAGE

Current Market

Currently for Sale 19

Ask Price Range $3.5M - $6.0M

% of Active Fleet 5.3%

In Operation 360

Pre-Owned Sold Avg Ask Price in MillionsAvg Pre-Owned For Sale

CL604 MARKET UPDATE Q3 • 2018

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AVG PRE-OWNED FOR SALE Q2-2016 - Q1-2018

AVG PRE-OWNED SOLD Q2-2016 - Q1-2018

PRE_OWNED SOLD NEW SOLDkeep same axis value and stack

AVG ASK PRICE IN MILLIONS

Q4 - 16

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AVG PRE-OWNED FOR SALE Q2-2016 - Q1-2018

AVG PRE-OWNED SOLD Q2-2016 - Q1-2018

PRE_OWNED SOLD NEW SOLDkeep same axis value and stack

AVG ASK PRICE IN MILLIONS

Q4 - 16

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AVG PRE-OWNED FOR SALE Q2-2016 - Q1-2018

AVG PRE-OWNED SOLD Q2-2016 - Q1-2018

PRE_OWNED SOLD NEW SOLDkeep same axis value and stack

AVG ASK PRICE IN MILLIONS

Q4 - 16

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BASED LOCATIONS

NORTH AMERICA

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For Sale

Pre-OwnedSold

AFRICA

OCEANIA

ASIA

EUROPE

7 41

4 4

7 3

0 4

0 01 0

Market Summary

Making an encore performance to a strong 2017, this year is proving to be a fantastic one for the Challenger 604. YTD transactions are already just one unit away from matching the number of units sold in all of last year, and this quarter makes the 604 one of the only tracked models to see two consecutive quarters of Average Ask Price increases. With 360 units in operation and more inventory available abroad than in North America, Buyers around the world should have no trouble finding a prime aircraft close to their own backyard.

CL604 Based Locations

Page 5: Jet...Market Summary Inventory levels remained unchanged for the Challenger 350 pre-owned market, with a second consecutive quarter of no recorded transactions and no new entrants

5

Market Summary

After a consistent performance Q/Q for the last year, the Challenger 605 is at a two year low for available inventory, with Average Ask Prices staying above $13M having been below $11M just one year ago. Inventory levels peaked at more than triple the current offerings just two years ago and have been steadily declining ever since. Domestic buyers may have to seriously consider expanding their search globally as just one unit currently available is based in the United States.

BASED LOCATIONS

NORTH AMERICA

SOUTH AMERICA

AFRICA

OCEANIA

ASIA

EUROPE

For SaleQ3 - 2018

Pre-Owned SoldIN LAST 12 MONTHS

www.JetTransactions.com

Inventory High 33

Inventory Low 10

Avg. Sales Price $10.4M

Avg. Ask Price $11.3M

Avg. Days on Market 222

North American Sales 66%

Market History24 MONTH AVERAGE

Current Market

Currently for Sale 10

Ask Price Range $11.0M - $16.0M

% of Active Fleet 3.5%

In Operation 286

Pre-Owned Sold Avg Ask Price in MillionsAvg Pre-Owned For Sale

CL605 MARKET UPDATE Q3 • 2018

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CL605

AVG PRE-OWNED FOR SALE Q2-2016 - Q1-2018

AVG PRE-OWNED/NEW SOLD FOR SALE Q2-2016 - Q1-2018

PRE_OWNED SOLD NEW SOLDkeep same axis value and stack

AVG ASK PRICE IN MILLIONS

Q2 - 18

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AVG PRE-OWNED FOR SALE Q2-2016 - Q1-2018

AVG PRE-OWNED/NEW SOLD FOR SALE Q2-2016 - Q1-2018

PRE_OWNED SOLD NEW SOLDkeep same axis value and stack

AVG ASK PRICE IN MILLIONS

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CL605

AVG PRE-OWNED FOR SALE Q2-2016 - Q1-2018

AVG PRE-OWNED/NEW SOLD FOR SALE Q2-2016 - Q1-2018

PRE_OWNED SOLD NEW SOLDkeep same axis value and stack

AVG ASK PRICE IN MILLIONS

Q2 - 18

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Q1 - 18

Q2 - 18

Q3 - 18

Q2 - 16

Q3 - 16

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q2 - 18

Q2 - 16

Q3 - 16

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

0

4

8

12

16

20

0

4

8

12

16

20

0

3

6

9

12

15

11.7

13.2

BASED LOCATIONS

NORTH AMERICA

SOUTH AMERICA

For Sale

Pre-OwnedSold

AFRICA

OCEANIA

ASIA

EUROPE

1 22

4 5

4 5

0 0

1 40 1

CL605 Based Locations

Page 6: Jet...Market Summary Inventory levels remained unchanged for the Challenger 350 pre-owned market, with a second consecutive quarter of no recorded transactions and no new entrants

6

BASED LOCATIONS

NORTH AMERICA

SOUTH AMERICA

AFRICA

OCEANIA

ASIA

EUROPE

For SaleQ3 - 2018

Pre-Owned SoldIN LAST 12 MONTHS

www.JetTransactions.com

Inventory High 15

Inventory Low 7

Avg. Sales Price $12.4M

Avg. Ask Price $14.5M

Avg. Days on Market 427

North American Sales 59%

Market History24 MONTH AVERAGE

Current Market

Currently for Sale 10

Ask Price Range $11.3M - $16.5M

% of Active Fleet 8.1%

In Operation 124

Pre-Owned Sold Avg Ask Price in MillionsAvg Pre-Owned For Sale

GL5000 CLASSIC MARKET UPDATE Q3 • 2018

0

4

8

12

16

20

0

4

8

12

16

20

0

2

4

6

8

10

0

4

8

12

16

20

G5000 CLASSIC

AVG PRE-OWNED FOR SALE Q2-2016 - Q1-2018

AVG PRE-OWNED/NEW SOLD FOR SALE Q2-2016 - Q1-2018

PRE_OWNED SOLD NEW SOLDkeep same axis value and stack

AVG ASK PRICE IN MILLIONS

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

Q4 - 16

Q1 - 17

Q2 - 17

Q2 - 18

Q3 - 18

Q3 - 17

Q4 - 17

Q1 - 18

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

Q2 - 16

Q3 - 16

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

Q2 - 16

Q3 - 16

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

0

2

4

6

8

10

0

4

8

12

16

20

0

4

8

12

16

20

17.8

13.9

0

4

8

12

16

20

0

4

8

12

16

20

0

2

4

6

8

10

0

4

8

12

16

20

G5000 CLASSIC

AVG PRE-OWNED FOR SALE Q2-2016 - Q1-2018

AVG PRE-OWNED/NEW SOLD FOR SALE Q2-2016 - Q1-2018

PRE_OWNED SOLD NEW SOLDkeep same axis value and stack

AVG ASK PRICE IN MILLIONS

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

Q4 - 16

Q1 - 17

Q2 - 17

Q2 - 18

Q3 - 18

Q3 - 17

Q4 - 17

Q1 - 18

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

Q2 - 16

Q3 - 16

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

Q2 - 16

Q3 - 16

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

0

2

4

6

8

10

0

4

8

12

16

20

0

4

8

12

16

20

17.8

13.9

0

4

8

12

16

20

0

4

8

12

16

20

0

2

4

6

8

10

0

4

8

12

16

20

G5000 CLASSIC

AVG PRE-OWNED FOR SALE Q2-2016 - Q1-2018

AVG PRE-OWNED/NEW SOLD FOR SALE Q2-2016 - Q1-2018

PRE_OWNED SOLD NEW SOLDkeep same axis value and stack

AVG ASK PRICE IN MILLIONS

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

Q4 - 16

Q1 - 17

Q2 - 17

Q2 - 18

Q3 - 18

Q3 - 17

Q4 - 17

Q1 - 18

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

Q2 - 16

Q3 - 16

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

Q2 - 16

Q3 - 16

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

0

2

4

6

8

10

0

4

8

12

16

20

0

4

8

12

16

20

17.8

13.9

BASED LOCATIONS

NORTH AMERICA

SOUTH AMERICA

For Sale

Pre-OwnedSold

AFRICA

OCEANIA

ASIA

EUROPE

0 5

6 4

4 2

0 1

0 0

0 0

Market Summary

The Global 5000 Classic started the year off bullish, with 6 units changing hands in the first quarter, more so than any time in the previous two years. However pre-owned transaction levels have fallen to a more predictable 2 units for Q3, about on average for the previous 24 months. Interestingly enough, no available units can be found based in North America, with all inventory concentrated in Europe and Asia. .

GL5000 Classic Based Locations

Page 7: Jet...Market Summary Inventory levels remained unchanged for the Challenger 350 pre-owned market, with a second consecutive quarter of no recorded transactions and no new entrants

7

www.JetTransactions.com

Inventory High 9

Inventory Low 5

Avg. Sales Price $26.5M

Avg. Ask Price $29.4M

Avg. Days on Market 259

North American Sales 69%

Market History24 MONTH AVERAGE

Current Market

Currently for Sale 5

Ask Price Range $23.9M - $31.9M

% of Active Fleet 5.1%

In Operation 99

Pre-Owned & New Sold Avg Ask Price in MillionsAvg Pre-Owned For Sale

GL5000 VISION MARKET UPDATE Q3 • 2018

0

8

16

24

32

40

0

2

4

6

8

10

0

1

2

3

4

5

0

2

4

6

8

10

G5000 VISION

AVG PRE-OWNED FOR SALE Q2-2016 - Q1-2018

AVG PRE-OWNED/NEW SOLD FOR SALE Q2-2016 - Q1-2018

PRE_OWNED SOLD NEW SOLDkeep same axis value and stack

AVG ASK PRICE IN MILLIONS

Q2 - 18

Q3 - 18

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 16

Q3 - 16

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

Q2 - 16

Q3 - 16

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

0

1

2

3

4

5

0

1

2

3

4

5

0

8

16

24

32

40

Q3 - 18

27.930.2

where is thisgraph?

0

8

16

24

32

40

0

2

4

6

8

10

0

1

2

3

4

5

0

2

4

6

8

10

G5000 VISION

AVG PRE-OWNED FOR SALE Q2-2016 - Q1-2018

AVG PRE-OWNED/NEW SOLD FOR SALE Q2-2016 - Q1-2018

PRE_OWNED SOLD NEW SOLDkeep same axis value and stack

AVG ASK PRICE IN MILLIONS

Q2 - 18

Q3 - 18

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 16

Q3 - 16

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

Q2 - 16

Q3 - 16

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

0

1

2

3

4

5

0

1

2

3

4

5

0

8

16

24

32

40

Q3 - 18

27.930.2

where is thisgraph?

0

8

16

24

32

40

0

2

4

6

8

10

0

1

2

3

4

5

0

2

4

6

8

10

G5000 VISION

AVG PRE-OWNED FOR SALE Q2-2016 - Q1-2018

AVG PRE-OWNED/NEW SOLD FOR SALE Q2-2016 - Q1-2018

PRE_OWNED SOLD NEW SOLDkeep same axis value and stack

AVG ASK PRICE IN MILLIONS

Q2 - 18

Q3 - 18

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 16

Q3 - 16

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

Q2 - 16

Q3 - 16

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

0

1

2

3

4

5

0

1

2

3

4

5

0

8

16

24

32

40

Q3 - 18

27.930.2

where is thisgraph?

Market Summary

The in-operation fleet numbers for the Global 5000 Vision increased yet again, with 99 aircraft now in service with owners. Inventory levels remain at a two year low of 5 units, and counter to the Global 5000 classic, most inventory is based in North America. Quarterly Average Ask Prices dipped below $28M for the first time, and the 24 month Average Sold Price is now below $27M.

GL5000 Vision Based Locations

New

Pre-Owned

BASED LOCATIONS

NORTH AMERICA

SOUTH AMERICA

AFRICA

OCEANIA

ASIA

EUROPE

For SaleQ3 - 2018

Factory-New Sold Pre-Owned SoldIN LAST 12 MONTHS

BASED LOCATIONS

NORTH AMERICA

SOUTH AMERICA

AFRICA

OCEANIA

ASIA

EUROPE

For Sale(Q1 - 2018)

Factory-New Sold Pre-Owned Sold(IN LAST 12 MONTHS)

4 2 3

1 0 2

0 0 1

0 0 1

0 0 0

0 0 0

Page 8: Jet...Market Summary Inventory levels remained unchanged for the Challenger 350 pre-owned market, with a second consecutive quarter of no recorded transactions and no new entrants

8

BASED LOCATIONS

NORTH AMERICA

SOUTH AMERICA

AFRICA

OCEANIA

ASIA

EUROPE

For SaleQ3 - 2018

Pre-Owned SoldIN LAST 12 MONTHS

www.JetTransactions.com

Inventory High 16

Inventory Low 10

Avg. Sales Price $9.5M

Avg. Ask Price $10.4M

Avg. Days on Market 313

North American Sales 65%

Market History24 MONTH AVERAGE

Current Market

Currently for Sale 14

Ask Price Range $6.5M - $7.9M

% of Active Fleet 9.5%

In Operation 148

Pre-Owned Sold Avg Ask Price in MillionsAvg Pre-Owned For Sale

GL EXP MARKET UPDATE Q3 • 2018

0

3

6

9

12

15

0

4

8

12

16

20

0

2

4

6

8

10

0

4

8

12

16

20

GL EXP

AVG PRE-OWNED FOR SALE Q2-2016 - Q1-2018

AVG PRE-OWNED/NEW SOLD FOR SALE Q2-2016 - Q1-2018

PRE_OWNED SOLD NEW SOLDkeep same axis value and stack

AVG ASK PRICE IN MILLIONS

Q2 - 18

Q3 - 18

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 16

Q3 - 16

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

Q2 - 16

Q3 - 16

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

0

2

4

6

8

10

0

1

2

3

4

5

0

3

6

9

12

15

7.4

11.3

0

3

6

9

12

15

0

4

8

12

16

20

0

2

4

6

8

10

0

4

8

12

16

20

GL EXP

AVG PRE-OWNED FOR SALE Q2-2016 - Q1-2018

AVG PRE-OWNED/NEW SOLD FOR SALE Q2-2016 - Q1-2018

PRE_OWNED SOLD NEW SOLDkeep same axis value and stack

AVG ASK PRICE IN MILLIONS

Q2 - 18

Q3 - 18

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 16

Q3 - 16

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

Q2 - 16

Q3 - 16

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

0

2

4

6

8

10

0

1

2

3

4

5

0

3

6

9

12

15

7.4

11.3

0

3

6

9

12

15

0

4

8

12

16

20

0

2

4

6

8

10

0

4

8

12

16

20

GL EXP

AVG PRE-OWNED FOR SALE Q2-2016 - Q1-2018

AVG PRE-OWNED/NEW SOLD FOR SALE Q2-2016 - Q1-2018

PRE_OWNED SOLD NEW SOLDkeep same axis value and stack

AVG ASK PRICE IN MILLIONS

Q2 - 18

Q3 - 18

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 16

Q3 - 16

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

Q2 - 16

Q3 - 16

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

0

2

4

6

8

10

0

1

2

3

4

5

0

3

6

9

12

15

7.4

11.3

BASED LOCATIONS

NORTH AMERICA

SOUTH AMERICA

For Sale

Pre-OwnedSold

AFRICA

OCEANIA

ASIA

EUROPE

8 12

3 3

0 0

1 2

1 0

1 1

Market Summary

Inventory levels for the Global Express moved closer to the 10% threshold, with 14 units or 9.5% of the fleet for sale. This quarter recorded just two transactions, the lowest number in two years. Average quarterly ask prices matched the decline in sales, with prices returning to around $7.5M, the same as how the year started out. Still, some good news for prospective entrants to the market; two year Average Days on Market fell to 313, and two year Average Sold Prices firmed up to $9.5M.

GL EXPBased Locations

Page 9: Jet...Market Summary Inventory levels remained unchanged for the Challenger 350 pre-owned market, with a second consecutive quarter of no recorded transactions and no new entrants

9

BASED LOCATIONS

NORTH AMERICA

SOUTH AMERICA

AFRICA

OCEANIA

ASIA

EUROPE

For SaleQ3 - 2018

Pre-Owned SoldIN LAST 12 MONTHS

www.JetTransactions.com

Inventory High 21

Inventory Low 9

Avg. Sales Price $18.7M

Avg. Ask Price $20.8M

Avg. Days on Market 347

North American Sales 64%

Market History24 MONTH AVERAGE

Current Market

Currently for Sale 10

Ask Price Range $18.1M - $19.5M

% of Active Fleet 6.3%

In Operation 159

Pre-Owned Sold Avg Ask Price in MillionsAvg Pre-Owned For Sale

GL XRS MARKET UPDATE Q3 • 2018

0

5

10

15

20

25

0

5

10

15

20

25

0

2

4

6

8

10

0

5

10

15

20

25

GL EXP

AVG PRE-OWNED FOR SALE Q2-2016 - Q1-2018

AVG PRE-OWNED/NEW SOLD FOR SALE Q2-2016 - Q1-2018

PRE_OWNED SOLD NEW SOLDkeep same axis value and stack

AVG ASK PRICE IN MILLIONS

Q2 - 18

Q3 - 18

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 16

Q3 - 16

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

Q2 - 16

Q3 - 16

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

0

2

4

6

8

10

0

1

2

3

4

5

0

5

10

15

20

25

22.2

18.5

0

5

10

15

20

25

0

5

10

15

20

25

0

2

4

6

8

10

0

5

10

15

20

25

GL EXP

AVG PRE-OWNED FOR SALE Q2-2016 - Q1-2018

AVG PRE-OWNED/NEW SOLD FOR SALE Q2-2016 - Q1-2018

PRE_OWNED SOLD NEW SOLDkeep same axis value and stack

AVG ASK PRICE IN MILLIONS

Q2 - 18

Q3 - 18

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 16

Q3 - 16

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

Q2 - 16

Q3 - 16

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

0

2

4

6

8

10

0

1

2

3

4

5

0

5

10

15

20

25

22.2

18.5

0

5

10

15

20

25

0

5

10

15

20

25

0

2

4

6

8

10

0

5

10

15

20

25

GL EXP

AVG PRE-OWNED FOR SALE Q2-2016 - Q1-2018

AVG PRE-OWNED/NEW SOLD FOR SALE Q2-2016 - Q1-2018

PRE_OWNED SOLD NEW SOLDkeep same axis value and stack

AVG ASK PRICE IN MILLIONS

Q2 - 18

Q3 - 18

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 16

Q3 - 16

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

Q2 - 16

Q3 - 16

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

0

2

4

6

8

10

0

1

2

3

4

5

0

5

10

15

20

25

22.2

18.5

BASED LOCATIONS

NORTH AMERICA

SOUTH AMERICA

For Sale

Pre-OwnedSold

AFRICA

OCEANIA

ASIA

EUROPE

3 9

6 5

1 1

0 1

0 0

0 0

Market Summary

Pre-owned transaction activity YTD remained on par Y/Y with 2017, and we expect the Global XRS to finish the year on a strong note. Inventory levels are down to 10 units or 6.3% of the fleet, getting closer to the two year low of 9 units. Both Buyers and Sellers may need to look to the international market, as 75% of the current inventory and 44% of the past year’s sales have occurred outside North America.

GL XRS Based Locations

Page 10: Jet...Market Summary Inventory levels remained unchanged for the Challenger 350 pre-owned market, with a second consecutive quarter of no recorded transactions and no new entrants

10

BASED LOCATIONS

NORTH AMERICA

SOUTH AMERICA

AFRICA

OCEANIA

ASIA

EUROPE

For Sale(Q1 - 2018)

Factory-New Sold Pre-Owned Sold(IN LAST 12 MONTHS)

4 14 2

4 6 3

0 0 0

1 1 3

1 0 0

0 0 0

GL6000 Based Locations

BASED LOCATIONS

NORTH AMERICA

SOUTH AMERICA

AFRICA

OCEANIA

ASIA

EUROPE

For SaleQ3 - 2018

Factory-New Sold Pre-Owned SoldIN LAST 12 MONTHS

www.JetTransactions.com

Inventory High 16

Inventory Low 9

Avg. Sales Price $36.9M

Avg. Ask Price $40.9M

Avg. Days on Market 179

North American Sales 53%

Market History24 MONTH AVERAGE

Current Market

Currently for Sale 10

Ask Price Range $28.5M - $40.5M

% of Active Fleet 3.6%

In Operation 275

Pre-Owned & New Sold Avg Ask Price in MillionsAvg Pre-Owned For Sale

GL6000 MARKET UPDATE Q3 • 2018

0

9

18

27

36

45

0

3

6

9

12

15

0

4

8

12

16

20

0

3

6

9

12

15

GL 6000

AVG PRE-OWNED FOR SALE Q2-2016 - Q1-2018

AVG PRE-OWNED/NEW SOLD FOR SALE Q2-2016 - Q1-2018

PRE_OWNED SOLD NEW SOLDkeep same axis value and stack

AVG ASK PRICE IN MILLIONS

Q2 - 18

Q3 - 18

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 16

Q3 - 16

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

Q2 - 16

Q3 - 16

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

0

4

8

12

16

20

0

4

8

12

16

20

0

9

18

27

36

45

35.4 35.5

0

9

18

27

36

45

0

3

6

9

12

15

0

4

8

12

16

20

0

3

6

9

12

15

GL 6000

AVG PRE-OWNED FOR SALE Q2-2016 - Q1-2018

AVG PRE-OWNED/NEW SOLD FOR SALE Q2-2016 - Q1-2018

PRE_OWNED SOLD NEW SOLDkeep same axis value and stack

AVG ASK PRICE IN MILLIONS

Q2 - 18

Q3 - 18

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 16

Q3 - 16

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

Q2 - 16

Q3 - 16

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

0

4

8

12

16

20

0

4

8

12

16

20

0

9

18

27

36

45

35.4 35.5

0

9

18

27

36

45

0

3

6

9

12

15

0

4

8

12

16

20

0

3

6

9

12

15

GL 6000

AVG PRE-OWNED FOR SALE Q2-2016 - Q1-2018

AVG PRE-OWNED/NEW SOLD FOR SALE Q2-2016 - Q1-2018

PRE_OWNED SOLD NEW SOLDkeep same axis value and stack

AVG ASK PRICE IN MILLIONS

Q2 - 18

Q3 - 18

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 16

Q3 - 16

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

Q2 - 16

Q3 - 16

Q4 - 16

Q1 - 17

Q2 - 17

Q3 - 17

Q4 - 17

Q1 - 18

Q2 - 18

Q3 - 18

0

4

8

12

16

20

0

4

8

12

16

20

0

9

18

27

36

45

35.4 35.5

Market Summary

As with the other large cabin and long-range Bombardier products, the Global 6000 continues to show its prevalence abroad with 60% of available inventory and a third of all new deliveries outside of North America. Inventory levels slid further downward to 10 units or 3.6% of the fleet for sale, and quarterly Average Ask Prices made a substantial 14.8% jump to above $35M. The available inventory is predominantly very low time, fully on program aircraft, giving some insight to the large jump in Ask Prices.

New

Pre-Owned

Page 11: Jet...Market Summary Inventory levels remained unchanged for the Challenger 350 pre-owned market, with a second consecutive quarter of no recorded transactions and no new entrants

11

Brant Dahlfors’ business aviation career spans some 35 years, most recently, with Bombardier Aerospace where he led their new aircraft sales division within North America. During his 19-year tenure at Bombardier, Brant and his sales team were responsible for the sale of over 1,000 new and pre-owned business jets, and he saw the development of the Challenger and Global series of business aircraft. Prior to joining Bombardier Brant launched the TBM 700 program for TBM North America and led sales and marketing for Mooney Aircraft following the start of his aviation career with Beech Aircraft in 1979. Brant is a multi-rated commercial pilot, who graduated from Wright State University and currently serves on the NBAA BAM Committee. At Jet Transactions, Brant and Co-founder Mark Bloomer lead by example, having established reputations for perceptive market intelligence, trusted industry relationships, and personalized customer service. Their combined record of over 1600 new and pre-owned business jet transactions completed around the globe, supports the firm’s prominent position in today’s evolving aviation marketplace.

Mark, Brant and the Jet Transactions Team deliver a state-of-the-art portfolio of products and services designed to support all aspects of a worldwide business jet transaction.

Brant Dahlfors, Co-founder

CLICK HERE TO VIEW ALL LISTINGS: http://www.jettransactions.com/aircraftinventory.html

www.JetTransactions.com | [email protected]

LOS ANGELES Mark Bloomer(805) [email protected]

2018 Global 6000OFF-MARKET OPPORTUNITY

• 15PassengerwithCrewRest• EnginesonRRCC•EnrolledonSmartParts• APUonMSPGold•SyntheticVision• VenueCabinManagementSystem•KABandHighSpeedConnectivity

G6000

G5000

G-V

WEST PALM BEACHGaryRoxburgh(561) [email protected]

CHICAGOAmanda Ferraro(563) [email protected]

EUROPEAndreasMauritzson(760) [email protected]

BrantDahlfors (949)439-8663 NEWPORT BEACH