Our August 2024 update on what’s happening in the Citationjet 525 “CJ” preowned sales market;
There are 335 Citation Jets (CJs) in operation today, and 29 of them are currently up for sale, which is 8.7% of the fleet. That’s just a slight drop from last month when there were 30 for sale, or 9% of the fleet.
The 29 Citation Jets on the market now have been listed for an average of 218 days, up a bit from last month’s 208 days. The asking prices for these jets range from $1,000,000 to $2,600,000.
In July, four Citation Jets were sold. Over the last six months, 21 jets found new owners, with eight of those deals happening off-market, so they were never publicly listed. For the 13 CJs that were publicly available, they spent an average of 108 days on the market before selling, just a slight increase from last month’s 102 days. Sale prices for these jets over the past six months ranged from $1,000,000 to $2,150,000.
Each aircraft market is unique and full of intricacies that can be difficult to follow. As the markets shift, it is more important than ever to work with a professional aircraft broker who studies these markets daily and can make expert recommendations based on actual market data.
If you are interested in buying or selling an aircraft, or are just interested in learning more about the Citation markets, contact The Jet Agent today and let our team of experts share our insights with you.
