Page 8 - Volume 12, Number 3

Recovery were added to the B200GT to make the new King Air 250. There have been an estimated 187 King Air 250s produced since its introduction. There were 19 used retail sales of the model in 2017, eight more units than in 2016, representing 10 percent of the fleet. The average number of days on the market for the aircraft that sold was 310 days. Pricing on the 250 is trending downward. Expect to pay between $3,000,000 and $3,800,000 for an average aircraft, which results in the market falling slightly in 2017, losing around four percent of its value.
King Air 350
The King Air 350 debuted in 1990, and although it was largely unchanged until upgraded Collins Pro Line 21 avionics were
added in 2004, there are still some areas of segmentation with often different activity levels at either end of the market.
Although the 350 didn’t really have any modifications from 1990 to 1997, the newer models perform differently in the used market than do the older ones. For this market segment, there are roughly 180 airframes with 19 retail sales in 2017. This equates to about 11 percent of the fleet in this segment. Compared to 2016, there were eight more sales for this model type, and the average days on the market for these aircraft was 186. Pricing on this part of the 350 market was between $1,400,000 to $1,800,000 for an average aircraft. This represents about a six percent drop from 2016.
For the 1998 to 2003 model years, there are about 195 airframes still in service with 22 retail sales last year, up eight units from 2016. This represents 11 percent of the fleet with an average hold time of 229 days. Expect to pay $1,850,000 to $2,250,000 for an average aircraft. This segment has also declined approximately five percent from 2016.
The 2004 to 2009 segment included the change to Collins Pro Line 21 avionics. There are 255 of these aircraft in service with 14 retail sales in 2017, three more sales than 2016. This represents 5.5 percent of this segment with an average hold time of 168 days on the market. Pricing on these 350s are still relatively soft. Expect to pay $2,900,000 to $3,100,000 for an average aircraft, which is a drop of around four percent from 2016.
The 350i was introduced in 2010, and featured an upgraded interior, as well as a sophisticated cabin management system. There have been 404 King Air 350i’s produced with 17 retail sales last year, nine fewer than in 2016, representing four percent of the total fleet. The average hold time was 211 days. The 350i market is still trending downward with prices falling around five percent from 2016. Expect to pay between $3,300,000 and $4,300,000 for an average aircraft.
6 • KING AIR MAGAZINE
An upgraded interior, as well as a sophisticated cabin management system, was added to the King Air 350 in 2010 and was called the 350i.
The Current Value of a Five-Year-Old King Air
The following graphs depict the value of a five-year- old King Air in any given calendar year since 1990. For example, calendar year 1990 depicts a 1985 model, and 1991 depicts a 1986 model, etc. Data was provided by Aircraft Bluebook, and the numbers were adjusted to the Consumer Price Index (CPI) to reflect 2017 dollars.
C90 Series: The highest value of a five-year-old C90 was in 1997. Since then there have been three significant periods of decline and two major recoveries. Adjusted prices in 2017 were the lowest in the last 27 years.
B200 Series: The B200 reached the height of its value in 1999. After a steady decline for the next five years, it made a significant recovery in 2008. Not withstanding a small rebound in 2014 and 2015, prices have continued to fall since then.
300 Series: The King Air 350 reached its peak value in 2000. Like the other King Airs, prices fell in the recession years and had several recoveries.
One item of note: There are instances where the graphs show a price increase when the market was declining. This is caused when the five-year-old aircraft had a
MARCH 2018