AVERAGE RETAIL PRICE BY QUAR

$6,000,000 $6000

(based on 1987 Citation III)

$5,000,000 $5000

$4,000,000 $4,500,000 $4000

$4,000,000 Low: $1,395,000
$3,000,000 Average: $2,575,345 $3000
$3,500,000
High: $4,300,000
$2,000,000 $2000

ASKING PRICE
$3,000,000
$1,000,000 $1000
$2,500,000
$4,500,000
$0 $0

Citation III Market Study

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2000 2001 2002 2003 2004 2
$2,000,000 Low: $1,395,000
$4,000,000
Average: $2,575,345 July 2009
$1,500,000
$3,500,000
High: $4,300,000

RETAIL PRICE BY QUARTERASKING PRICE ASKING PRICE

•2 $1,000,000
 4% of fleet is available for sale. $4,500,000
$3,000,000 Domestic International
•A
 verage asking price on Citation III is $2,575,345. $4,000,000
$2,500,000 Low: $1,395,000
Average: $2,575,345
•A
 verage retail price has fallen $800,000 since $3,500,000
$2,000,000
High: $4,300,000

4Q 2008.
$3,000,000
$1,500,000
Low: 1,000 1,311 Just Listed 1000
Years Manufactured
900 Average: 1983-1991
385 days $2,500,000
$1,000,000
High: 1,311 days50 Domestic International
Number of Aircraft For Sale 800 $7,000,000 800
DAYS ON MARKET

$2,000,000
Percent of Fleet
700 For Sale 26%
600 $6,000,000
$1,500,000 600
500
III)on 1987 Citation III) (based on 1987 Citation III)

$1,000,000
$5,000,000
400 Domestic 400 International
300
$4,000,000
200
180 days
200
100 $7,000,000
$3,000,000
BY QUARTER

90 days

0 0
Domestic International
$6,000,000
$2,000,000
AVERAGE

$5,000,000
$1,000,000
PRICE

$7,000,000
QUARTER

$4,000,000
$0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
$6,000,000
RETAIL

AIRCRAFT AVAILABILITY $3,000,000

(based

$5,000,000
PRICE BY
(based on 1987 Citation

$2,000,000
AVERAGE

24% $4,000,000
$1,000,000
AVERAGE RETAIL

$3,000,000
$0
76% 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
$2,000,000

$1,000,000
1,000 1,311 Low: Just Listed
Domestic International Average: 385 days
900
$0 High: 1,311 days
800 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
DAYS ON MARKET

700
600
500
400
1,000
300
1,311 Low: Just Listed
900 Average: 385 days
200
High:180 days 1,311 days
800
100
DAYS ON MARKET

90 days
700
0
600 Domestic International
1,000
500 1,311 Low: Just Listed
900 Average: 385 days
400
High: 1,311 days
800
300
DAYS ON MARKET

700
200
180 days
600
100
AIRCRAFT AVAILABILITY
90 days
500
0
400 Domestic International
Bringing new technologies to the
300 science of aircraft marketing.
24%
Fairway Aviation Group, LLC 6255 Merit Club Lane, Suite 202 200
Libertyville, IL 60048 P: 877.289.2538
180 days W: fairwayaviationgroup.com
100 90 days
 Citation III Market Study July 2009 Sterling Aviation Aircraft

Domestic
MAKE MODEL SERIAL REGNUM YEAR TTAF STATUS CERT ASKPRICE NETPRICE AVAIL DOM
Citation III 2 N650AS 1983 10,950 For Sale Unknown $2,100,000 Immed 1,311
Citation III 4 N650LA 1983 11,878 For Sale Part 91 Make Offer Immed 255
Citation III 6 N129GB 1983 5,417 Part 91 $2,495,000 Immed 0
Citation III 13 N770GF 1983 9,428 For Sale Part 135 $1,995,000 $1,500,000 Immed 133
Citation III 18 N650SB 1983 7,366 Part 135 $2,195,000 Immed 1
Citation III 21 N460CP 1984 8,200 For Sale Part 135 $2,795,000 Immed 307
Citation III 27 N993LC 1984 8,500 For Sale Part 91 Make Offer Immed 447
Citation III 28 N650BW 1984 8,812 For Sale Part 135 $2,750,000 Immed 664
Citation III 29 N409SF 1984 7,028 For Sale Part 91 Make Offer Immed 27
Citation III 30 N51EM 1984 9,023 For Sale Part 135 Make Offer Immed 757
Citation III 31 N7ZG 1984 11,472 For Sale Unknown Make Offer Immed 155
Citation III 38 N373DJ 1984 10,800 For Sale Part 135 $2,195,000 Immed 85
Citation III 40 N650WE 1984 8,885 For Sale Part 91 $1,995,000 Immed 315
Citation III 61 N440PC 1984 10,169 For Sale Part 91 $2,100,000 Immed 449
Citation III 63 N651AT 1984 10,007 For Sale Part 91 Make Offer Immed 542
Citation III 64 N444CW 1984 7,100 For Sale Part 91 $2,795,000 Immed 167
Citation III 77 N800GM 1985 5,820 For Sale Part 91 $2,450,000 Immed 345
Citation III 93 N196SD 1985 7,522 For Sale Part 135 $3,100,000 Immed 69
Citation III 100 N202JK 1985 6,364 For Sale Part 135 $2,995,000 Immed 273
Citation III 108 N650Z 1986 12,062 For Sale Part 135 $2,100,000 Immed 517
Citation III 118 N79KF 1986 6,128 For Sale Part 91 $2,995,000 Immed 279
Citation III 128 N125Q 1987 6,888 For Sale Part 91 $1,975,000 Immed 78
Citation III 130 N901RH 1987 8,502 For Sale Part 91 $2,700,000 Immed 755
Citation III 132 N727AW 1987 7,057 For Sale Part 91 $2,750,000 Immed 38
Citation III 133 N213HP 1987 6,882 For Sale Part 135 $2,700,000 Immed 16
Citation III 138 N717JM 1987 7,175 For Sale Part 135 Make Offer Immed 815
Citation III 144 N384EM 1987 9,063 For Sale Part 135 Make Offer Immed 101
Citation III 148 N92RP 1987 6,125 For Sale Part 135 $1,800,000 Immed 146
Citation III 150 N61CK 1988 10,086 For Sale Part 135 $2,595,000 Immed 125
Citation III 151 N321AR 1988 3,725 For Sale Part 135 $4,300,000 Immed 140
Citation III 152 N605SA 1988 ≈8,000 For Sale Part 135
Citation III 156 N650CC 1988 5,240 For Sale Part 91 Make Offer Immed 435
Citation III 159 N359CW 1988 7,776 For Sale Part 91 Make Offer Immed 22
Citation III 163 N163JM 1988 9,168 For Sale Part 135 Make Offer Immed 540
Citation III 167 N88DJ 1989 8,364 For Sale Part 91 Make Offer Immed 15
Citation III 168 N175J 1989 9,975 For Sale Part 135 Make Offer Immed 995
Citation III 183 N820FJ 1990 6,269 Part 91 Make Offer Immed 0
Citation III 187 N226EM 1990 9,989 For Sale EU OPS 1 $2,175,000 Immed 524
Citation III 191 N650SG 1990 6,112 For Sale Part 135 $3,750,000 Immed 248
Domestic Averages 8,188 $2,575,000 318

more

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 Citation III Market Study July 2009 (cont.)
International
MAKE MODEL SERIAL REGNUM YEAR TTAF STATUS CERT ASKPRICE NETPRICE AVAIL DOM
Citation III 12 OE-GCO 1983 11,865 For Sale EU OPS 1 $1,395,000 Immed 100
Citation III 35 XA-GJC 1984 7,910 For Sale Unknown Make Offer Immed 108
Citation III 37 D-CVAI 1984 For Sale EU OPS 1 Make Offer Immed 188
Citation III 46 C-FBNA 1984 9,892 For Sale Part 135 Make Offer Immed 156
Citation III 52 XA-SDU 1984 9,529 For Sale $2,500,000 Immed 370
Citation III 86 PT-LHC 1985 For Sale RBHA 91 Make Offer Immed 373
Citation III 101 VH-SPJ 1985 5,584 For Sale Make Offer Immed 811
Citation III 109 VH-SBU 1986 9,055 For Sale Lease Immed 497
Citation III 134 PH-MSX 1987 8,580 For Sale JAR-OPS 1 $4,300,000 Immed 176
Citation III 135 VP-CAR 1987 8,702 For Sale $2,495,000 Immed 351
Citation III 142 D-CRHR 1987 6,540 For Sale EU OPS 1 Make Offer Immed 125
Citation III 203 VT-IPA 1991 4,995 For Sale Part 135 Make Offer Immed 59
International Averages 8,265 $2,575,000 276

Overall Averages 8,204 $2,575,000 385

Citation III Sold YTD

MAKE MODEL SERIAL REGNUM YEAR Total Time STATUS CERT ASKPRICE SELLPRICE DATE DOM
Citation III 124 N776GM 1986 6,129 Sold Part 91 $3,095,000 $2,575,000 4/09 153

© 2009 Fairway Aviation Group, LLC All Rights Reserved. P: 877.289.2538 | 3