By Chris Reynolds, ASA | Aircraft Bluebook

Aircraft Bluebook At-a-Glance has reviewed the current market status of the Cessna Citation Sovereign 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 services.

Demand

Currently the Sovereign fleet is approximately 388 aircraft. At the time of writing this article, more than a dozen various year models of the Sovereign were for sale representing approximately three percent of the total fleet.

Pricing

Current offerings for the Sovereign range from mid-$5 million to high $12 million, with airframe time varying from several hundred hours to more than 6000 hours, depending on the year model. Over the last year approximately 30-40 sales occurred with average time on market of more than 180 days. As noted in previous At-a-Glances, equipment, time and condition can significantly affect time on market and marketable value. The Winter 2014 Aircraft Bluebook lists a 2004 Cessna Citation Sovereign with a reported retail price of $6.4 million.

Residual Values

A 2004 Cessna Citation Sovereign, whose market values have been tracked since the second quarter of 2004, was reported new with an average equipped price of $14,193,000.00. Aircraft Bluebook’s Historical Value Reference has demonstrated the Cessna Citation Sovereign market value (performance by quarter) in the graph for this 2004 model.

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

 The article, graph and table originally appeared in the Winter 2014 issue of Marketline. Click here to read the full issue.