Page 6 - Volume 12, Number 3

All but a handful of 1992 models
had Collins EFIS-84 and all had
Pratt & Whitney PT6A-21 engines.
There are 416 units of this model
currently in service. The King Air
C90B was relatively uniform for its
entire production run and, for the
most part, the C90B market is fairly
homogenous. It is moving in the same
direction with little difference at either
end. The average number of days on
the market for the C90B in 2017 was
278, with 7.5 percent of the fleet sold.
Market activity was up significantly in
2017 with eight more units sold over
2016. For the C90B, prices declined slightly in 2017. The selling prices for an average aircraft were between $750,000 and $1,100,000, which is down around eight percent from 2016.
Produced in 2006 and 2007, the King Air C90GT was an improvement over the C90B as the engines were upgraded to Pratt & Whitney PT6A-135A models. This provided a nearly 30-knot increase in airspeed and created a distinct market segment within the 90 series. The C90GT segment is quite small with only 98 models produced. Prices for an average aircraft range from approximately $1,400,000 to $1,450,000. The average days on the market for a C90GT was 363 days with just over five percent of the fleet selling in 2017. Only five C90GTs sold in 2017, which is a decline of seven units when compared to 2016. The C90GT market appears to be trending downward slightly, with pricing declining around four percent in 2017.
In 2008, Collins Pro Line 21 avionics were added and the C90GT was rebranded as the C90GTi. This further segmented the C90 market and created, at one point, a large value difference between a 2007 and a 2008 model. The C90GTi production run consisted of 125 aircraft with eight units sold in 2017, representing six percent of the fleet. This is a significant decrease from 2016, which saw 12 sales of the model. The average days on the market for those sold in 2017 was 328 days. Pricing for an average C90GTi ranges from approximately $1,600,000 to $1,650,000 and dropped approximately three percent in 2017.
The final change to the C90 market came in 2010 with another rebranding. Winglets and composite swept blade propellers were added and the newest C90 was christened as the C90GTx. It is the most current version of the C90 and has a current production of approximately 165 aircraft. Five preowned units sold in 2017, which represents three percent of the segment, a decline of 50 percent or five units when compared to 2016. Average selling time was 300 days on the market. Pricing for a used C90GTx is between $1,750,000 to $2,350,000 for an average aircraft, which is a reduction of around three percent from 2016.
4 • KING AIR MAGAZINE
The King Air B200 has been in production for nearly 45 years and there have been some significant changes throughout the years, which results in several
market segments.
(PHOTO CREDIT: ELLIOTT AVIATION)
The C90SE, which was produced from 1994 to 1999, has not been mentioned. This aircraft was produced as a lower cost version of the C90B. It featured Bendix King Silver Crown avionics, three-bladed Hartzell propellers, and a more modest interior; it was equipped like an older C90A. Although priced $600,000 less than a C90B, only 14 units were produced as it wasn’t a favorite of the C90 buyers of the day. Today, they trade more closely with the C90A than the C90B.
It appears that the older C90B market was the star of 2017 as it was the only one of the C90 models to show an increase of activity over the previous year. This suggests that the C90 buyer is a price point buyer, focused on inexpensive models.
The B200
The King Air B200 model has been in production for nearly 45 years. Although the airframe has been largely unchanged, there have been some other significant changes throughout the years. As such, the B200 market doesn’t necessarily behave as a whole unit. For this reason, I broke down the B200 market into seven segments. The original B200 was an improved version of the King Air 200, produced from mid-year 1981 to 2007. Of the 1981-1984 produced B200s, approximately 280 airframes are still in service. Out of those, 27 sold in 2017, making up around 9.3 percent of this segment, which is four fewer units compared to what sold in 2016. The average number of days on the market for a 1981 to 1984 B200 was 292 days in 2017. Prices for an average aircraft of this vintage are between $850,000 and $1,000,000, down around 10 percent from 2016.
For model year 1985, improvements such as hydraulic landing gear, three element wing spar, and triple fed electrical bus created a separate segment within the B200 market. This segment of the market, produced in 1985 through 1993, contains roughly 250 aircraft that are still in service. Of those, there were eight sales to retail customers in 2017, which is four fewer than sold in this segment in 2016. This represents roughly three percent of that segment. The average hold time for these models that sold was 220 days on the market, and pricing was down around 10 percent from the year before. Expect to pay between $1,000,000 and $1,300,000.
MARCH 2018