Selling a Citation M2 in 61 Days in a 130-Day Market

Selling a Citation M2 in 61 Days in a 130-Day Market

Years before it was time to sell Citation M2 525-0963, Denise Wilson had helped KL Aviation II make an important transition:

From a TBM into a jet.

The acquisition involved more than finding an aircraft. Denise helped the owner prepare for the move into Citation M2 ownership and single-pilot jet operations, including planning the training path necessary to make that transition successfully.

When the company’s mission later changed and it was time to sell the M2, KL Aviation II returned to Deniseโ€”this time engaging The Jet Agent for the sale.

The Jet Agent positioned the aircraft in the Citation M2 market, leveraged its buyer relationships and generated immediate interest.

The aircraft closed in just 61 days.

At the time, Citation M2s were averaging approximately 130 days on market.

 

Transaction Snapshot

Aircraft Sold: 2017 Cessna Citation M2
Serial Number: 525-0963
Client: KL Aviation II
Representation: Seller
Transaction: Citation M2 sale

Aircraft Highlights at Sale:

  • Approximately 1,089 hours
  • TAP Blue
  • ProParts
  • ProTech
  • Recent Textron Document 10 inspection
  • Garmin G3000 avionics
  • CPDLC
  • TCAS II
  • Flight Stream 510

Result:

  • Closed in 61 days
  • Citation M2 market average: approximately 130 days
  • Sold approximately 53% faster than the prevailing market average
  • Repeat client relationship with Denise Wilson

 

A Relationship That Began With the Move From a TBM to a Jet

KL Aviation II’s relationship with Denise began before the sale.

The owner was ready to step up from a TBM into a jet and selected the Citation M2 as the next aircraft.

That transition involved more than acquiring a faster airplane.

Moving from a high-performance turboprop into a Citation introduces new considerations involving training, insurance, aircraft systems, operating procedures and single-pilot jet proficiency.

Denise helped the owner navigate that transition, including planning the training path necessary to become comfortable and proficient in the M2.

Years later, when it was time to exit the aircraft, the client returned to Denise for the next stage of the ownership cycle.

 

The Aircraft Had Strong Selling Attributes

Citation M2 525-0963 entered the market with several characteristics that were attractive to prospective buyers.

The aircraft had approximately 1,089 hours and was enrolled on TAP Blue, ProParts and ProTech.

It had also recently completed a Document 10 inspection at Textron.

Its Garmin G3000 avionics suite was supplemented by equipment including CPDLC, TCAS II and Flight Stream 510.

Those attributes mattered.

But desirable equipment alone does not determine whether an aircraft sells quickly or at an appropriate value.

The aircraft still has to be positioned correctly relative to the other M2s a buyer can purchase.

 

Positioning the M2 Against the Market

A successful Citation M2 sale begins with understanding the competitive environment.

That includes:

  • Current M2 inventory
  • Recent comparable transactions
  • Competing asking prices
  • Model year
  • Total time
  • Engine program status
  • Maintenance and inspection status
  • Avionics and equipment
  • Cosmetic condition
  • Current buyer demand

The Jet Agent used market data to position 525-0963 appropriately and then leveraged relationships with prospective Citation buyers to create interest.

The objective was not simply to expose the aircraft to the market.

It was to convert that exposure into a qualified transaction.

 

Why Days on Market Need Context

An aircraft selling in 61 days sounds fast.

The more meaningful question is:

Fast compared with what?

At the time of this transaction, Citation M2s were averaging approximately 130 days on market.

525-0963 closed in 61.

That means the aircraft sold in less than half the prevailing market timeโ€”approximately 53% faster than the Citation M2 average.

That comparison provides a more useful measure of the sale than simply describing it as quick.

 

Reducing the Cost of Time on Market

Aircraft owners often focus primarily on sale price.

Time also has a cost.

Every additional month an aircraft remains unsold can mean continued:

  • Insurance expense
  • Hangar expense
  • Maintenance and program costs
  • Financing expense, when applicable
  • Depreciation exposure
  • Administrative and operating overhead

A faster sale does not automatically mean a better sale if price is sacrificed unnecessarily.

The objective is to balance value with an efficient transaction timeline.

For KL Aviation II, the 61-day closing materially reduced the period during which the company continued carrying the aircraft compared with the prevailing M2 market average.

 

A Repeat Client Across the Ownership Cycle

The relationship with KL Aviation II illustrates another aspect of aircraft representation.

A broker may first become involved when an owner is trying to determine what aircraft to buy.

Years later, the same owner’s mission may change again.

At that point, the question becomes:

What is the appropriate exit strategy?

Denise had been involved when the client moved from the TBM into the Citation M2.

When it was later time to sell that M2, the client returned and engaged The Jet Agent.

That continuity meant the relationship spanned both the entry into jet ownership and the eventual exit from the aircraft.

 

The Result

The Jet Agent represented KL Aviation II in the sale of 2017 Citation M2 525-0963.

The aircraft:

  • Generated immediate market interest
  • Closed in 61 days
  • Sold in a market where comparable Citation M2s were averaging approximately 130 says
  • Completed the transaction approximately 53% faster than the prevailing market average

For the client, the result marked the completion of an ownership chapter that had begun years earlier with the transition from a TBM into the Citation M2.

 

What This Citation M2 Sale Demonstrates

A Strong Aircraft Still Needs the Right Market Position

525-0963 had desirable equipment, program coverage and recent maintenance.

Those attributes created value, but they still needed to be communicated and positioned against competing inventory.

Market Performance Is Relative

Sixty-one days becomes meaningful when compared with the 130-day Citation M2 market average.

The aircraft sold in less than half the prevailing market time.

Time Has an Economic Cost

Reducing days on market can reduce the period during which an owner continues carrying insurance, hangar, maintenance and other ownership expenses.

The Ownership Strategy Includes the Exit

Aircraft representation does not have to end with acquisition.

Eventually the owner must decide when and how to sell.

The market strategy at that point can materially affect the overall ownership result.

Client Relationships Can Span Multiple Aircraft Decisions

KL Aviation II first worked with Denise during the transition from a TBM into the M2.

Years later, the client returned to The Jet Agent to handle the M2 sale.

The relationship followed the client’s changing aircraft needs rather than ending at the original delivery.

 

Considering Selling Your Citation M2?

The right sale strategy begins by understanding where your aircraft sits in the market today.

The Jet Agent evaluates competing inventory, recent transactions, maintenance status, engine programs, equipment, condition and buyer demand before positioning an M2 for sale.

The objective is not simply to put the aircraft on the market.

It is to create the strongest combination of value and transaction efficiency the market will support.

Discuss Selling Your Citation M2

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About the Jet Agent

The Jet Agent helps clients navigate the complex world of jet acquisitions and sales with confidence. The Jet Agent is in the top 5% of aircraft brokers worldwide by transaction volume and ranks as the #1 seller of Citation M2s and CJ3s. Headquartered in Scottsdale, Arizona, with offices in Denver, Dallas and Sacramento, The Jet Agent is dedicated to elevating the aircraft brokerage experience with expert guidance and concierge-level service

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