CONDITION AIRCRAFT reprinted from AIRCRAFT BLUEBOOK PRICE DIGEST
VALUING THE CREAM PUFF Persons who buy, sell, appraise and/or finance aircraft are undoubtedly aware of the extreme appreciation of a variety of general aviation aircraft lately. Nowhere is that appreciation more apparent than for the low time, 8-9 rated airplane. Low manufacturing output over the past decade, coupled with noteworthy export sales, has resulted in premium prices for these airplanes. In fact, these “cream puffs” now are scarce, and their high selling prices are affecting the values of all other aircraft. The retail prices in the Bluebook are for an average aircraft (in the 5 to 7 rated range). The values do not accommodate the “cream-puff,” re-manned or very low time aircraft. The Bluebook refers to these desirable aircraft as Prime Condition Aircraft (PCA). A model that is a PCA may be valued at 10% to 25% above the Bluebook value. The price of an aircraft that has undergone factory refurbishment or restoration may be more than 25% above Bluebook value.
Published on Aug 30, 2012