Market Minute – Bombardier Challenger 300
Originally launched as the “Bombardier Continental”, the Challenger 300 is a clean sheet designed, super mid-size transcontinental jet, developed to fill the gap between the Lear 60 and Challenger 601-3A. The cabin features two separate temperature zones, and shares the same length and height as the popular Challenger 604 (but is a foot narrower). Typical interior configurations can be found with double club or divan/club combination seating.
Production began in 2001, and continued until 2014 with a total of 457 aircraft produced over a thirteen year run. The Collins Pro Line 21 is the standard avionics suite, but an aftermarket upgrade to the Pro Line 21 Advanced offers LPV capability, FANS-1/A compliance, synthetic vision, enhanced weather radar, as well as other modern enhancements.
Just under six percent of the total Challenger 300 fleet is currently represented as being for sale. There are currently twelve Challenger 300’s under contract (nearing 50% of the current on market aircraft). Ask prices will vary across the diverse market, currently ranging from a low of just under $4.5M up to $13.5M on the highest end of the market.
The average market time for Challenger 300’s sold in the last ninety days is just over three hundred days. It has been an active period for the Challenger 300 market, with over forty transactions in the last twelve months. Seven aircraft have transacted in the last ninety days, and ninety percent of those aircraft were enrolled on an engine program at the time of sale.