SULPHUR CREEK, IDAHO
MIDYEAR MARKET TOUCHDOWN
As we have reached the midpoint of 2025, it’s a great opportunity to look back and see how the market has changed over the course of the year. To start, the first quarter seemed livelier than years past. When Trump won the White House, there was certainly a lot of enthusiasm and optimism, and our activity levels mirrored this sentiment. We had one of the best first quarters in JetSwiss history.
By contrast, the second quarter has been much quieter. Conversations surrounding tariffs and the anticipated tax reform bill has had a significant impact on prospective buyers pressing the ‘pause’ button and pumping their brakes. However, when you dive into the actual data, the numbers are indicative of another banner year for Pilatus sales. From our perspective, it is the same old story for Pilatus as in years past.
It’s easy to get caught up in the stats and numbers such as inventory levels, days on market, and asking price trends, etc. These are all wonderful indicators and help with analyzing the marketplace. So, why do folks like yourself who read this publication engage JetSwiss?
The Numbers:
• The number of PC-12s for sale at the start of the year totaled 87. Today there are 101–a 15% increase.
• Asking prices for the NG are virtually flat over the past few months.
• The NGX has experienced a slight 2.5% decrease in price over the last 6 months.
• The average days on market has dropped (from 195 to 171). This is only indicative of more airplanes coming onto the market in recent months. Think “absorption rate” here.
• Year-over-year, transaction volume is down 1 unit behind the pace set in 2024.
Obviously, at JetSwiss our view comes from immersing ourselves in the Pilatus space. Every day we’re talking with folks just like yourself. We discuss your businesses, your family, your time, and probably
most importantly, what you’re experiencing in the market place. You expect us to read between the lines and to provide you guidance and insight.
Here’s our take and insight:
• Since 2020, the PC-12 has averaged 128 transactions per year. We’re currently on pace today for 125 transactions in 2025. We also know that based on outside factors (tax legislation, tariffs, and positive economic data) there’s an atmosphere to suggest we will outpace this by the end of the year.
• In addition, we know there are a lot of folks on the sidelines waiting to enter the market, and when they do, the third and fourth quarter will take off—potentially outperforming last year by a dozen or more transactions.
• Further, even considering the added inventory levels and pricing adjustments (especially in Europe), the asking and sale prices remain fairly level. Take a look at our chart on page 5 and you can see first-hand the trends in asking prices over the years and more specifically, over the last 6 months.
In short, block out the noise. Just like in any year, there are ebbs and flows that occur. World events, fluctuations in the stock markets, military activities, the price of oil, etc. all play a role in the consumer making buying and selling decisions. But, if you take a 30,000’ view of the marketplace, you will notice that it’s not too different from 2024. Which is to say that it is not too different from 2023. Go figure!
Enjoy your summer, hug your kids, travel safely, and Happy Father’s Day! Don’t forget to send us photos of your adventures in your Pilatus – we love seeing them. Meanwhile, please know that our team is hard at work to ensure that we provide you with the best ownership experience we possibly can.
Fly Safe, The JetSwiss Team
MARKET CHANGES IN THE LAST 30 DAYS BY YEAR MODEL
1996, 2002, 2004, 2006, 2008, 2010, 2015, 2017, 2017, 2017, 2017, 2017, 2019*, 2022, 2023, 2023*
2000, 2001, 2005, 2010, 2011, 2012, 2013, 2016, 2017, 2018, 2023, 2023, 2023*, 2024 2 From Last Month
From Last Month
0-30 Days on Market
31-60 Days on Market
61-90 Days on Market
4-6 Months on Market
7-12 Months on Market
1-2 Years on Market
FLEET LOCATION
“All Pilatus aircraft imported into the United States will be subject to 10% tariff. There was a brief 31% reciprocal tariff on Swiss produced products at one point. However, there is currently a 90 day pause on that duty (clock is already running).”
AVERAGE PRICE BY QUARTER 2020-2025
proprietary Pilatus Appraisal Report (PAR),
Asking Price By Total Hours
AIRCRAFT
$8.0M
$8,000,000
ASKING PRICE VS. TOTAL TIME
$7.0M
$7,000,000
$6,000,000
$6.0M
$5,000,000
$5.0M
$4.0M
$4,000,000
$3.0M
$3,000,000
Similar to the Asking Price vs Model Year chart, this information helps our clients determine “the mileage on the car” for their specific budget. Want to own a low time aircraft? This chart will give you an indication on what you will spend. Note: aircraft under 1,000 hours total time historically yield much higher prices.
$2,000,000
$2.0M
$1.0M
$1,000,000
This chart reflects the current market for Pilatus PC-12 aircraft that are on the retail market. Want to know how much your Pilatus dollars will buy? This is a great place to start! As you can see, the aircraft model year plays a key factor in pricing of the aircraft–thus generates a commensurate trend curve. This data provides a baseline for our aircraft evaluations.
Asking Price By Model Year
This information helps our clients determine “the mileage on the car” for their specific budget. “Want to own a low time aircraft?” This chart will give you an indication on what you will spend. Note: aircraft under 1,000 hours total time historically yield much higher prices.
AIRCRAFT ASKING PRICE VS. MODEL YEAR
This chart reflects the current market for Pilatus PC-24 aircraft that are on the retail market. Want to know how much your Pilatus dollars will buy? This is a great place to start! As you can see, the aircraft model year plays a key factor in pricing of the aircraft–thus generates a commensurate trend curve. This data provides a baseline for our aircraft evaluations.
NUMBERS
PILATUS IN ACTION
A Grass Strip that Keeps Growing Turlock, California
The Pilatus PC-12 was the most flown business aircraft in 2024, and for good reason. It has gained immense popularity thanks to its Swiss precision, performance, comfort, cost-effectiveness, and safety features. But its versatility that sets this “business aircraft” apart from others, making adventures beyond the boardroom possible.
Meet our friend and corporate pilot, Matt McFarlane. Sure, Matt flies for work. But he also flies for the fun of it. Over the years, flying has introduced him to an incredible circle of people who now land in his life every fall.
The picture below was not taken in Oshkosh, Wisconsin (though the airshow is quite the thrill as well). It was taken at his family’s ranch just south of Turlock, California. Ever since 2010, Matt has invited his travel and aviation friends to join him for a weekend at his family’s ranch. His friends mostly fly “backcountry” and “classic” type aircraft that also have
the capability of landing on grass runways, like the Pilatus.
The runway is 1,600’ but just keeps on growing with more and more people joining in on the fun each year. “It started small,” Matt says, “and grew into the best weekend of the year.” Now, 70-75 aircraft descend on the McFarlane ranch for this weekend event.
Some guests will arrive as early as Thursday and pitch tents. However, Saturday is the real show. “We serve a big BBQ lunch on that day.” Hey Matt, us Kansas Citians love barbecue ;)
“It truly is a grass roots old time fly-in feel.” This event has morphed into a tradition. How special! Can you spot the Pilatus?
… And then some. Leave it to the corporate pilot to clue you in on all his unique Pilatus adventures.
Photos by Matt McFarlane
Meat your Cargo Match
Anchorage, Alaska
“I flew up to Alaska to pick up the owner from a hunting trip. We had 2 moose racks and hides, and ram horns. It was a very heavy load with over 800 pounds of meat on board.”
Operations from the Air Arizona
“We had a full plane with 10 people on board and the passenger sitting up front owned a large farm. We flew out to his farm to get a tour of his operation and landed on one of his dirt roads next to his orchard. He had investors from Europe and Australia on that flight to show off his farm.”
Glamping on a Whole Other Level Johnson Creek, Idaho
“My son and I had a wonderful weekend camping trip at Johnson Creek, Idaho.”
Happy Father’s Day everyone!
TAIL FOR SALE
New Paint August 2019
Refurbished Interior August 2019
1,820
We appreciate your feedback! Please send any feedback to Pilatus@jetswiss.com. Sign