The Citation CJ1+ market enters August with a noticeably tighter supply of available aircraft. Inventory has declined steadily since March, while transaction activity has remained relatively consistent outside of a quiet May. With six aircraft currently available and eight sales over the past six months, the CJ1+ continues to show reasonable liquidity despite the small size of the market.
Fleet Size and Availability
There are currently 6 Citation CJ1+ aircraft available for sale, representing 6.1% of the worldwide fleet.
Inventory reached a six-month high of 11 aircraft in March before declining to 10 in April, 9 in May, 7 in June, and now 6 in July. That represents a roughly 45% reduction in available inventory since March, creating a considerably tighter market heading into August.
Market Listings
Current asking prices range from $1.5 million to $2.75 million, with active aircraft averaging 218 days on market.
The wide asking-price range reflects the variation that exists within the CJ1+ fleet. Buyers continue to evaluate individual aircraft based on maintenance status, engine times and program enrollment, total time, cosmetics, and overall presentation. With only six aircraft currently available, well-positioned examples have relatively little direct competition.
Sales Activity
Over the past six months, 8 Citation CJ1+ aircraft sold, representing 8.1% of the worldwide fleet. Reported transaction prices ranged from $2.4 million to $2.85 million.
Monthly activity has been somewhat uneven but consistent overall. Two aircraft sold in February, followed by one in March and two in April. May recorded no transactions before activity returned with two sales in June and one in July.
Sold aircraft averaged 334 days on market, notably longer than the 218-day average for aircraft currently listed. That comparison is worth watching, as the recent contraction in available inventory could create a different selling environment than experienced by aircraft that entered the market much earlier.
Key Takeaways
• 6 aircraft are currently available, representing 6.1% of the fleet.
• Inventory has declined from 11 aircraft in March to 6 in July.
• 8 aircraft sold during the past six months, representing 8.1% of the fleet.
• Asking prices range from $1.5 million to $2.75 million.
• Reported sales ranged from $2.4 million to $2.85 million.
• Current listings average 218 days on market, versus 334 days for sold aircraft.
Key Insight
The most notable CJ1+ trend this month is the continued contraction in supply. Inventory has fallen for four consecutive months while transactions have continued, leaving buyers with fewer choices than they had earlier this year. With six aircraft available against eight six-month sales, the underlying numbers favor a relatively balanced-to-tight market. For sellers, however, limited competition should not be mistaken for unlimited pricing power. Aircraft that are properly positioned on price, maintenance status, and overall condition should have the clearest opportunity to benefit from today’s reduced inventory.
