Page 10 - Volume 11 Number 3

The 2004 to 2009 King Air 350 market segment included the change to Collins Pro Line 21 avionics; currently there are 255 in service.
The original B200 was an improved version of the King Air 200, produced from mid-year 1981 to 1984 and approximately 280 airframes are still in service. Out of these, 31 sold in 2016, making up around 11 percent of this segment. This is slightly more than the number that sold in 2015. Average number of days on the market for a 1981 to 1984 B200 was 228 days in 2016. Price for an average aircraft of this vintage is between $900,000 and $1,100,000, which for this segment is down slightly from last year, but remains fairly stable.
The next segment of the B200 market, produced in 1985 through 1993, contains roughly 250 aircraft that are still in service. In this section of the B200 market, improvements such as a hydraulic landing gear, three element wing spar, and triple fed electrical bus created a separate segment within the B200 market. Of these, there were 24 sales to retail customers in 2016, which is two fewer than what sold in this segment in 2015. This represents roughly nine percent of that segment. The average hold time for these models that sold was 191 days on the market. Expect to pay between $1,150,000 and $1,450,000. Pricing is down from last year around five percent.
For model year 1994, improvements such as a standard four-blade propeller and a cabin noise reduction system created another market segment and out of these, around 180 aircraft remain in service. Of these, 16 units sold to retail customers in 2016, which is an increase of five units over 2015, and represents nine percent of that segment. The average hold times for those aircraft that did sell was 120 days. Expect to pay between $1,500,000 and $1,700,000 for an aircraft of this vintage. Pricing in this segment has shown some softness in 2016 with declines of around six percent.
Models produced from 1999 to 2003 saw the redesign of the B200’s interior, as well as an increased TBO to 3,600 hours and consists of approximately 190 aircraft. There were 19 retail sales in 2016, making up nearly
8 • KING AIR MAGAZINE
10 percent of this segment. Sales increased by four units when compared to 2015. Average days on the market for those that sold was 216 days. Prices for an average B200 in this segment range from between $1,750,000 to $1,950,000, a decline of around eight percent during the past year.
Model year 2004 encompassed the biggest changes to date with the switch to a Collins Pro Line 21TM avionics system. This created a several-hundred, thousand-dollar difference in value between the 2003 and 2004 model years. This segment contains 157 aircraft with 20 sales in 2016, which was an increase of eight units over 2015. Roughly 13 percent of this segment traded hands last year, with a hold time average of 218 days on the market. Pricing on a B200 in this segment is still relatively soft with values declining. Expect to pay between $2,200,000 to $2,400,000 for an average B200 of this segment that has declined around four percent from last year.
Another significant model change occurred in 2008 with the switch to Pratt & Whitney PT6A-52 engines that resulted in the aircraft being rebranded as the King Air B200GT. The B200GT currently has an active fleet of 116 units. There were seven retail sales in 2016, which is one fewer than in 2015, representing six percent of this segment. The average number of days on the market for the aircraft that sold was a lengthy 324 days. Pricing on the B200GT is still soft. Expect to pay between $2,600,000 and $2,900,000 for an average aircraft. The B200GT market lost around 10 percent of its value in 2016.
The latest model segment was introduced in 2011 with yet another rebranding. Composite curved propellers, winglets, and Raisbeck’s Ram Air Recovery were added to the B200GT to make the new King Air 250. There have been approximately 160 King Air 250s produced since its introduction. There were 11 used retail sales in 2016, which is an increase of four units over 2015, representing seven percent of the fleet. The average number of days on the market for the aircraft that sold was 214 days. Pricing on the 250 is trending downward. Expect to pay between $3,000,000 and $3,900,000 for an average aircraft. The 250 market fell significantly in 2015, losing around 10 percent of its value.
Engine Upgrades for the King Air 200
For the King Air 200, there are three engine upgrade options, the Pratt & Whitney PT6A-42, PT6A-52 and PT6A-61. For the King Air 200 operator, the original Pratt & Whitney PT6A-41 engines can be fitted with any of these engines.
It can make a lot of sense to upgrade to the -42 engine, rather than overhaul existing -41 engines. This is the least expensive of the three options, and provides modest performance gains. However, the biggest benefit is that it replaces a 30- to 40-year-old engine with a newly manufactured one.
MARCH 2017