PUBLISHED BY
JETSWISS AVIATION
A DETAILED LOOK INTO THE CURRENT PRE-OWNED PILATUS MARKET
PILATUS MARKET DATA
|
JUNE 2022
INTRODUCTION
PILATUS PC-12 OVERVIEW For those of you who are not quite as familiar, the Pilatus PC-12 has been in production since 1995. With over 1,800 aircraft delivered, the PC-12 is the best-selling single engine turboprop in the world. To date, four different variants have been produced; the PC-12/45, PC-12/47, PC-12/47E (known as the “NG” model), and the newest aircraft released in late 2019, the PC-12NGX. The aircraft has evolved quite a bit over the last 25 years, with various upgrades and system improvements along the way. Interesting enough, there is not one variant of the Pilatus PC-12 that is not sought after. Strong demand across the board and high resale values has been the backbone of the PC-12 program since inception. Who operates the PC-12? Ironically, the original design of the aircraft was intended to be a cargo hauler/multimission aircraft. Ever wonder why there’s a large cargo door? Almost immediately the aircraft gained popularity and progressively more traction in the general aviation world with its ability to carry passengers in a large comfortable cabin. It became the aircraft to have by private owner-pilots, privately held corporations, government/special mission operators like the U.S. Airforce and the Royal Canadian Mounted Police, and even small airlines. Thanks to large trailing link landing gear, the PC-12 is also quite well known for grass and unimproved landing capabilities. All PC-12’s are certified for single pilot IFR operations, and have all weather capabilities. With a pressurized cabin capable of carrying up to eight passengers (executive configuration), up to a cruise altitude of 30,000ft., it is easy to see why the PC-12 is the Turbine Suburban of the skies!
FLEET LOCATION AS OF MAY 2022
245 51
70
1297
55
79
15%
EUROPE
BREAKDOWN BY REGION NORTH AMERICA
< 10%
AFRICA AUSTRALIA ASIA SOUTH AMERICA
1
72%
NORTH AMERICA
PILATUS@JETSWISS.COM
245
EUROPE
|
70
AFRICA AUSTRALIA
79
ASIA
51
SOUTH AMERICA
55
913-839-2627
1297
M A R K E T AT A G L A N C E
STRONG DEMAND ACROSS THE BOARD AND HIGH RESALE VALUES HAS BEEN THE BACKBONE OF THE PC-12 PROGRAM SINCE INCEPTION.
MARKET CHANGES IN THE LAST 30 DAYS
10
0 SOLD FROM MARKET REMOVED FROM MARKET
6
NEW ENTRANTS TO MARKET
S N 39 0 S N 1013 SN 1151 S N 815 S N 102 8 SN 1253 S N 826 S N 1124 SN 1726 SN 18 24
S N 15 58 SN 54 7 S N 1361 SN 1554 S N 108 9 SN 1170
31
AVAILABLE AIRCRAFT
WWW.JETSWISS.COM
2
CURRENT MARKET PRICING
A I R C R A F T TOTA L T I M E V S . A S K I N G P R I C E
Under Contract No Contract
ASKING PRICE VS. MODEL YEAR
AVERAGE PRICE IS
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, and thus generates a commensurate trend curve. This data provides a baseline for our aircraft evaluations.
7% HIGHER IN Q2 THAN Q1 2022.
3
PILATUS@JETSWISS.COM
|
913-839-2627
AIRCRAFT TOTAL TIME VS. ASKING PRICE 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.
JETSWISS OVERSEES AND COMPLETES MORE PRE-OWNED PILATUS TRANSACTIONS THAN ANY OTHER DEALER IN THE WORLD.
ASKING PRICE BY MODEL YEAR
Under Contract No Contract
WWW.JETSWISS.COM
4
T R A N S A C T I O N A L D ATA
INDUSTRY WIDE
SOLD PRICE VS. VREF APPRAISED VALUE
In a normal market environment, “Book Values” trail the actual market , resulting in sales prices that are lower than the book appraisal. You can see this trend in the chart above. However, due to such low inventory levels and high demand, we saw sale prices rise above book values in the 4th quarter of 2021. It should also be noted that Vref increased their baseline values in the 4th quarter.
THERE IS AN AVERAGE OF 100 – 120 PREOWNED PILATUS SALES PER YEAR.
$3.087M
PC-12/45 AVERAGE ASKING PRICE
$3.830M
PC-12/47 AVERAGE ASKING PRICE
$5.154M
PC-12NG AVERAGE ASKING PRICE
$7.461M
PC-12NGX AVERAGE ASKING PRICE
55
PILATUS@JETSWISS.COM
|
913-839-2627
WONDER WHAT YOUR PILATUS IS WORTH? ASK THE EXPERTS. WITH OUR DETAILED PILATUS MARKET DATA, WE CAN GIVE YOU A FAIR, REALISTIC, AND ACCURATE VALUE OF YOUR PC-12.
1% of the Pilatus fleet is for sale
2021 recorded over $450M in pre-owned PC-12 sales
23% of PC-12 pre-owned transactions are JetSwiss projects
43 NGX’s were delivered to the U.S. in 2021
Pricing increased approximately 25% in 2021
SCAN FOR YOUR COMPLIMENTARY AIRCRAFT EVALUATION.
WWW.JETSWISS.COM
6
MEET THE JETSWISS TEAM THE BRAINS BEHIND THE PLANES We are a team of pilots, business experts and aviation enthusiasts, who have made it our fulltime job to share the love of this Swiss-made aircraft. If you have any questions about flying a Pilatus or topics surrounding your aircraft, we are here for you.
We appreciate your feedback! Please send any feedback to Pilatus@jetswiss.com.