Industry Insights | February 8, 2024
#TakeoffThursday: Market Insights on the Citation XLS/XLS+ 🛩️
Clear for #TakeoffThursday!! Let’s dive into the series with a look at the market insights surrounding the #Citation XLS and XLS+!
A quick look at where we are today…
🛩️ Available Aircraft: 27 Citation XLS aircraft are currently on the market.
💰 Average Asking Price: $6.21 million (XLS) and $8.96 million (XLS+).
📈 Sales Performance: Over the past 6 months, 16 XLS series aircraft have been sold at an average price of $7.25 million.
⏳ Absorption Rate: The absorption rate, indicating the pace at which available aircraft are being sold, stands at an average of 8.5 months.
Debuting in 2004, the Citation XLS was the first “makeover” that the Citation Excel received with updates in both avionics and overall performance. Followed soon after by the XLS+ in late 2008 and the XLS Gen 2 in 2022, with even more updates released!
While the market for midsize business jets is competitive, with other manufacturers such as #Embraer and #Bombardier offering competing models. The Citation XLS and XLS+ have maintained a strong position due to their reputation for reliability, performance, and operating economics.
Ideal for the mid-sized category, this bird definitely meets the majority of most private travelers’ needs! Accommodating up to 8 passengers flying nonstop from popular destinations such as New York to the Bahamas the #XLS and #XLS+ offer both comfort and style on the ramp and in the air.
Whether you are in the market to purchase or sell your Citation XLS/ XLS+, now is the time to takeoff with AVIONAIRE! Our aim is to redefine the standards of excellence in aircraft sales and acquisitions, focusing on tailored solutions and unparalleled expertise.
Reach out to learn more about these exceptional aircraft and how you can make your aviation dreams a reality!
Blue Skies & Tailwinds,