citation cj1 report

Since January of 2021 the CJ1 market has risen from an average asking price of 1.5 million to 2.08 million.

In May, one Citation CJ1 was sold, and over the past six months, 13 have been sold, all through on-market transactions. These 13 CJ1s spent an average of 151 days on the market before selling.

Demand: The CJ1 remains in steady demand due to its efficient performance for short to medium-haul flights, seating for up to six passengers, and the ability to operate in and out of smaller airports.

1. Pricing: The price of a used CJ1 can vary significantly based on its age, total flight hours, maintenance history, and any upgrades. As of recent years, prices typically range from $1.5 million to $2.5 million.

2. Competition: The CJ1 competes with other light jets like the Embraer Phenom 100, HondaJet, and the newer versions of the Citation series. Buyers often compare these models based on factors like range, speed, cabin size, and overall cost of ownership.

3. Market Trends: The market for light jets like the CJ1 can be influenced by broader economic conditions, changes in business travel patterns, and the availability of financing. Recently, there has been strong interest in light jets due to the demand for private air travel amid travel restrictions and the desire for increased privacy and convenience.

4. Maintenance and Upgrades: The value of a CJ1 can be significantly affected by its maintenance records and any avionics or engine upgrades. The availability of service centers and parts is also a consideration for prospective buyers.

Overall, the CJ1 market remains active, with consistent interest from a range of buyers, including private individuals, small businesses, and charter operators.