Bombardier Challenger Market Spotlight-2015

What are the current market trends of the Challenger series?

Jim Becker  |  13th July 2015
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Jim Becker
Jim Becker

James Becker is an American Society of Appraisers (ASA) Accredited Senior Appraiser for Elliott Aviation...

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Bombardier Challenger 300

Are you thinking of buying or selling a used Bombardier Challenger 300, 604 or 605? Then you’ll need to know how they’re trending on the market right now. This month, Elliott Aviation’s Jim Becker shines some insight on these markets…

How is the Challenger 300 faring since being replaced on the production line by the 350? What can you expect to pay in a soft market for a Challenger 604? Is there more activity year-to-date in the Challenger 605 market? We’ll seek to answer these and more questions below.

Challenger 300

The Bombardier Challenger 300 entered service in 2004, and was upgraded and replaced with the Challenger 350 in 2014. There have been more than 450 of these models produced and owners and operators purchase this aircraft for its excellent performance, and all-round capability.

Along with the other aircraft in its class, the Challenger 300 has suffered from a declining used aircraft market. Prices continue to fall for this model. In fact, overall Challenger 300 pricing has fallen approximately 9% in the past year. Expect to pay between $7,500,000 and $17,000,000 for a used Challenger 300, depending on availability and condition.

Bombardier Challenger 300 Sales

So far this year, 19 used Challenger 300s have sold. This compares to 14 units for the same period in 2014. Inventory levels of used Challenger 300s have fallen in the past few months to 30 units, representing just 6.6 percent of the fleet.

Bombardier Challenger 300 for sale

Some important issues to consider relating to this model are upcoming maintenance and regulations.

• If the aircraft is coming up to its 96 month and landing gear inspection, that could represent a $500,000 expense.
• The oldest models will need their second 48 month inspection next year, which can also run to $500,000.
• Additionally, the earlier serial numbers will be more costly to modify for the upcoming FANS, which is important if you plan on traveling to Europe.

The Challenger 604

The fourth iteration of the Challenger line, the Bombardier Challenger 604 was first introduced in 1996 as a major upgrade over the Challenger 601 and features many updates, including more advanced GE CF34-3B engines, increased fuel capacity, Rockwell Collins ProLine 4 avionics, a new undercarriage for higher take-off and landing weight, and structural improvements to the wings and tail.

Bombardier produced the Challenger 604 until 2007 with a total of 347 aircraft delivered. Again, like other aircraft in its class, the Challenger 604 is seeing a significant softening in the market in terms of both pricing and the number currently on the market. In fact, the average asking price has fallen nearly 16% in the past year, while the number of Challenger 604s on the market has increased over 100% in the past year.

Bombardier Challenger 604 Sales

Right now, depending on the aircraft, you can expect to pay between $5,000,000 and $10,000,000. So far in 2015, 21 used Challenger 604s have sold, compared to 32 units for the same period in 2014. Inventory levels of used 604s have risen this year to 46 units, representing 12% of the fleet for sale.

Bombardier Challenger 604 for sale

The Challenger 605

The upgrade to the Challenger 604, the Bombardier Challenger 605, was introduced in 2007 to replace its predecessor and includes larger cabin windows, better LED cabin lighting, a new cabin management system and a Collins ProLine 21 integrated avionics suite. To date, Bombardier has delivered over 260 units.

While not as soft as its competitors, the Challenger 605 market is fairly flat at present. The average price has only fallen a little over two percent from the prior year, and you can expect to pay between $11,500,000 and $20,000,000, depending on the aircraft. Activity is up slightly year-to-date as 14 have sold since the beginning of the year compared to 10 units for the same period in 2014.

Bombardier Challenger 605 sales

There are currently only 21 Challenger 605s on the market.

Bombardier Challenger 605 for sale

Market data provided by JETNET LLC. Got questions? Contact Jim via

Read the latest Challenger 605 Price Guide with LIVE data and Challenger 605 Jet Buyers Guide. 

Watch Insiders' Guides Ep 2: Bombardier Challenger 605 with Bill Bryant

Read More About: Bombardier | Bombardier Challenger 605


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