Great things come in unexpected packages. For example, the best value in the Citation X market is packaged in an early Serial Number, Serial Number 6. This aircraft has very high service bulletin status meaning that the concerns some people may have about the early production of this aircraft have been addressed. Further, this aircraft is highly equipped and will be able to carry the next owner well into the future. It has great pedigree. The paint and interior are in very good condition. The aircraft is currently operating on a Part 135 charter certificate. And, it is in Wichita, KS right now for some major near term due inspections including the Document 11 inspection, the largest of the Citation X airframe inspections.
During the course of representing this aircraft I have had people express concerns about the early Serial Number. Unfortunately, they are missing all of the great strengths that this aircraft offers at this price point because they are focused just on the packaging and not the package. The benefits that I mentioned above mean that this this aircraft is completely turn-key and lacking for nothing. We listed this aircraft for sale in mid-2010 with a price of $7,250,000. Based on the competitive landscape at that time, we were looking to sell in the $6Ms. In late 2010, we lowered the asking price to $5,900,000 and hoped to sell in the mid-$5Ms. The owners are ready to sell this asset and have recently instructed us to lower the price from $5,900,000 to $5,200,000. Even at our asking price of $5,200,000, this will be the best Citation X value to ever trade; and that is just our asking price. The owners are open to offers and ready to sell and move on. The lesson…..don’t just look at the packaging, look at the package. You might just be surprised at the incredible value wrapped inside.