Our April 2023 update on what’s happening in the Citation CJ3 preowned sales market;
CJ3 inventory rose through Q4 of 2022, with a peak of 25 aircraft for sale in December. Sales also peaked in December with 11 aircraft changing ownership. Values have stayed strong since Q4, with an average sale price of $5.8M. Q1 2023 kicked off with respectable activity of 2 sales in January, 3 in February, and 4 in March. With a strong supply of quality jets available for sale, we expect continued in activity in preowned CJ3 sales into the summer months.