Vref Aircraft - Valuations for Cessna Citation models, including the Citation Longitude, have increased between 2% and 20% since the second quarter, according to the Vref 2022 Market Trends report. (Photo: Textron Aviation
According to the Vref Market Trends Report Q3 2022, pre-owned commercial aircraft values remain strong, despite some evidence that the seller's market may be changing. These strong valuations are holding up despite concerns about inflation and recession, Vref said.
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The report noted that the economic slowdown over the summer did not affect prices for most aircraft models, and that "buyer interest in business jets remains at levels not seen in years." % and 4% of the fleet in service. However, those averages are up slightly by 1 to 2 percentage points since late last year. Business jet valuations continue to rise, according to the report, noting that, for example, the Cessna Citation's valuation has risen between 2% and 20% since the second quarter.
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The report noted that the number of days on the market was unchanged from the first and second quarters. Although there were fewer aircraft transactions in the second half of the year than in the first half, "if we remove the crazy base year of 2021, we still have transaction volumes in line with a typical year," the report says.
Still, Vref chairman Jason Zilberbrand pointed to some examples of weakened valuations. The search for fully modernized, ready-to-fly “turnkey” buyers and aircraft remains the undisputed leader in all purchasing categories,” he said.
Vref predicts a "busy" fourth quarter as buyers continue to take advantage of pre-dividend depreciation and "distaste for commercial carriers," which is "enough to keep the train running, maintain demand, and ask prices in current levels." "Members Get More Learn More Save More - Get More From Being a Pilot - Click Here
Of course, you need to know the takeoff weight, but at least you also need to know the air temperature and altitude of the departure airport. You should also take into account track conditions such as standing water, sleet or snow. If they are present, you may need to refer to another table in the aircraft's flight manual to find the correct takeoff speed.
Everything Explained: Everything About V Speeds Explained
Also unique in that it is the only operational airspeed I can think of that is error free when checking the minimum airspeed tolerances under flight standards. There is a tolerance of plus or minus 10 knots for other control airspeeds, such as during tight turns or when maintaining ATC assigned airspeed. Air velocity is allowed to float below V
It is also the reference airspeed that we must adhere to while maneuvering during the approach. Each configuration will have a factor that must be added to V
As we prepare to land. Typically, for example, the minimum airspeed in a clean configuration will be V
For most of us, the VREF airspeed hardly changes from landing to landing because we generally fly within the conventional weight range. But while indicated airspeed may look familiar, actual runway requirements can vary widely. If you need to maneuver, the minimum airspeed is at least V even in the landing configuration
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And tilt it on the airspeed indicator before entering terminal airspace. We need to know v.
This way we can add "factors" to determine the minimum airspeed to reach all segments.
Is the steady state stall airspeed at landing configuration times 1.3. In other words, 30% higher than stagnation. This may seem like a great damper, but in larger aircraft with heavy-duty turbines, this margin can quickly disappear due to turbulence, wind shear, or inadequate power management by the pilot.
Heading only indicates airspeed and its relation to stall, it tells us nothing about distance to landing. To find out, we need to know our groundspeed, not the indicated airspeed.
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It is well known that true airspeed (ie fixed groundspeed) increases above indicated airspeed as air density decreases. So when the temperature rises, or we land at a higher altitude, our true airspeed, or ground speed, will be greater than V
We see it on the airspeed indicator. This means we land at a higher ground speed and need more runway to stop.
I'm sure you've noticed that the approach looks different when landing on a high altitude runway. Your airspeed is normal, but the ground whizzes by much faster. It is crucial to ignore this feeling and keep the V
You must take into account the airport altitude (pressure altitude), the wind, and the slope of the runway. Runway contamination can also be a factor. Wet roads double stopping distances and icy roads can be more difficult than expected.
Adjusting Approach Speed: When Vref Isn't Enough
Airspeed doesn't change much from landing to landing, as we normally fly within the conventional weight range. But while indicated airspeed may look familiar, actual runway requirements can vary widely.
J. Mac McClellan is a corporate pilot with more than 12,000 flight hours and retired aviation magazine editor living in Grand Haven, Michigan. When the market is slow or static, third-party valuations are a reliable way to accurately assess where a particular aircraft may outperform compared to similar aircraft.
Today's market is very volatile, and in AOPA's experience, it moves faster than individuals and companies can collect and analyze data points and then disseminate accurate valuation information. It could be argued that this is why the VREF is a good starting point for outlining the contours of an aircraft agreement.
Once a potential buyer enters traditional data such as type, airframe hours, and engine hours, VREF calculates the base value of the aircraft. AOPA provides VREF free of charge to its members because of the value it brings in estimating the price of one or more aircraft of interest.
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We caution against paying too much attention to avionics data. For one thing, non-glass analog instruments and avionics only lower the value. On the other hand, GA avionics are evolving almost as fast as today's market changes, so products like the Garmin 430 and 530 are effectively obsolete from a value perspective.
The bottom line is that a VREF valuation is a great do-it-yourself tool, and once you've narrowed down your options, AOPA Aviation can enhance it with more detailed market or pricing analysis.
Good advice. Good price. You can rely on helpful and responsive representatives. Three good reasons to turn to AOPA Aviation when buying or refinancing an aircraft. If you need a reliable source of financing, call 800.62.PLANE (800.627.5263), or click here to request a quote.
Adam Meredith, President of AOPA Aviation Company, is an aircraft professional with more than 15 years of experience in lending, small business management, and customer service. Adam is a multi-engine commercial pilot with an instrument rating.
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