Citation CJ2+ Market Update February 2024

February 2024 Citation CJ2+ Market Report The Jet Agent

Our February 2024 update on what’s happening in the Citation CJ2+ preowned sales market;

In the Citation CJ2+ fleet, there are currently 223 aircraft in operation. Of those, 12 are currently for sale, which is 5.4% of the total fleet. This is up slightly from last month, when there were 11 for sale, or 4.9% of the fleet. Listing activity has been on the rise for the CJ2+ since August of 2023, with new listings being added each month.

 

Now let’s look at the market activity for the Citation CJ2+. The first thing we’ll look at is time on market. We follow this for both aircraft currently listed for sale as well as aircraft that have sold over the last six months. Of the 12 CJ2+s currently for sale, they have been on the market for an average of 187 days. This is up just slightly from last month when the average was 174 days. Transitioning to the CJ2+s sold over the last six months, they spent an average of 122 days on the market before changing ownership. This is also up just slightly from last month when the average was 104 days.

 

The other statistic we follow is pricing. We closely follow both the asking prices of aircraft currently for sale, as well as prices of what the aircraft sold for over the last six months. Looking at the Citation CJ2+s currently for sale, they range in price from $4,350,000 to $4,995,000. One CJ2+ sold in January, and 8 sold over the last six months. Of those 8, they sold between roughly $4,300,000 and $4,750,000.

 

In January, we saw the typical slow-down of aircraft transactions following yet another busy Q4 in 2023. While transactions may have slowed in January, there are still great aircraft to choose from available on the market, as well as buyers looking to purchase. Finding a great deal in Q1 is possible, and working with a professional aircraft broker is your best option when it comes to sourcing your next aircraft. Contact The Jet Agent today and let us use our resources to help you find your next aircraft or find a buyer for your current aircraft!

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