Vol. 26, No. 1 | May 2, 2013 | Go to Charts

IN THIS ISSUE

Bluebook Perspectives: Pre-Owned Transactions on the Rise
Into the Blue: Aircraft Bluebook At-a-Glance, Piper Malibu Meridian, PA-46-500TP series
Ask Aircraft Bluebook: Can I access Aircraft Bluebook from outside the United States?

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INTO THE BLUE:
Aircraft Bluebook At-a-Glance - Piper Malibu Meridian, PA-46-500TP series

by Chris Reynolds, ASA | Aircraft Bluebook — Price Digest®

Aircraft Bluebook-Price Digest At-a-Glance has reviewed the current market status of the Piper PA-46-500TP series aircraft. Research for this study was obtained in part from Aircraft Bluebook, Aircraft Bluebook’s Historical Value Reference, the FAA’s registry web site and various trade publications.

Demand

The Meridian is a five-seat (six including the pilot), single-engine aircraft powered by a Pratt & Whitney PT6A-42A turbo-prop. It is the pressurized turbo-prop version of the piston-engine powered Malibu line (albeit with physical changes such as:  larger wings, tail and higher TOGW) which began entering service in 2001. Early Meridians were offered with options for the Avidyne FlightMax Entegra avionics suite and then starting in 2009 the Garmin G1000 Avionics suite (which is now standard). The average airframe time for a mid 2000s model year is approximately 1,100 hours.

There is an active fleet of approximately 500 aircraft worldwide, and at the time of writing this article, around 50 various year models of the Piper Meridians are available for sale in the major aircraft trade publications (approximately 10% of the total fleet). Over the last year, approximately 200 Meridians were sold with an average time on market being around 120 days.

Pricing

Current offerings for Meridians range in asking price from $600 thousand to $2 million. The average asking price for a 2005 model year is around $1 million. Time, equipment and condition not only impact the asking price, but selling price as well. According to Piper’s website, a new Meridian with the G1000 suite lists for $2,176,325. The Spring 2013 Aircraft Bluebook lists a 2003 Piper Malibu Meridian with a reported retail price of $900,000.

Historical Values

Using the information above as an example; a 2003 Piper Malibu Meridian, whose market values have been tracked since the first quarter of 2003, was reported new with a standard list price of $1,750,000. Aircraft Bluebook-Price Digest’s Historical Value Reference has demonstrated the Piper Malibu Meridian’s market value performance by quarter in the graph for this 2003 model.

Other historical values can be obtained at Aircraft Bluebook’s website, www.aircraftbluebook.com.

Aircraft Bluebook – Price Digest here for you 

Please contact Aircraft Bluebook if you have any specific concern in a particular aircraft market. We will be happy to share with you the most up-to-date information available for your market segment. Call us toll-free at 877-531-1450 or direct at 913-967-1956.

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