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Gordon Ramsay and Daniel Christman, Lone Mountain Aircraft Sales

The fourth quarter was robust across the boards for general aviation aircraft. For the first time in a long time, the aggregate numbers indicate a seller’s market. The marketplace continues to outpace anything we’ve seen in the last decade.

Jet Market

Both the light and mid-size jet markets are performing well. The budding pre-owned Cirrus SF50 market is also finding its stride as new sales continue to mount. Medium jets are strong, and buyers are finding they may have to spend a bit more for a low-time, pristine airplane or it will be snatched up ahead of them. On the other hand, just or near-out-of-production aircraft models are dragging down values of their older siblings as their own value edges downward. A new trend seems to be emerging with more owners keeping their aircraft and running them out, as they have now depreciated them using bonus tax incentives. Sale proceeds will cause a recapture, so some businesses are better off driving planes until they’re retired from service.

Turboprop Market

The turboprop market remains strong to end the year. PC-12s are the high dollar planes in this segment, but the market is price-sensitive. Only 5 percent of PC-12 NGs are available for sale, indicating a healthy demand. Used King Airs offer strong value now, making good demand as inventory slowly shrinks. Twin-turbine operating costs are steering some buyers to the more expensive, but more cost-efficient, single-engine turbines. Average hours flown in the heavy turboprop markets are slowly rising based on increased commercial/charter use in this segment. The TBM markets are hot, with later pre-owned (900/910) models being price-sensitive. Both TBM and Meridian are seller’s markets, each with around 6 percent of the fleet available.

Cirrus Market

Piston markets are active overall, and Cirrus is closing 2018 with a banner year. The fervor is expected to continue into 2019 with much of the year already sold in advance. Late model aircraft of all types are in high demand, and are bringing the money as long as they’re not priced out of the market. There is still a hangover from this being the first seller’s market in a long time. Those buyers who aren’t adapting quickly are missing out on the best aircraft, haggling for lower prices that are no longer available. Factory new aircraft are available in dealer inventory as the year wraps up, but with business depreciation available next year, we have lost a little bit of the end-of-year panic to spend for the write-off.

As markets continue to change, Lone Mountain Aircraft helps clients bring clarity and expertise to their side of the table. We are proud to be one of the preeminent sellers of pre-owned aircraft worldwide and offer both sales and acquisition services for all types of aircraft. Our team would love to be part of the reason behind your next success story in aviation! If you would like to be added to our TBM, Meridian, Phenom 300, Phenom 100 or SF50 quarterly reports, please email us your name and address to info@lonemtn.com.

When Cirrus announced the creation of a single-engine personal jet in 2006, Jay Jolley sent in a deposit check the same day. It took 11 years before the aircraft hit the market, but more than a decade later, Jolley took delivery of the Cirrus SF50 Vision Jet and made a historic flight home.

Jolley, a Chattanooga, Tenn. resident, is chairman and part-owner at EMJ Corporation, a general construction services company. Through his role with the company, Jolley travels frequently for business. His father, founder of EMJ Corporation and a pilot himself, was ultimately the reason he got into aviation.

After having a somewhat strained relationship into Jolley’s early teen years, he and his father finally decided what they needed was to work on something together. The two began working on radio control model airplanes to foster a better relationship.

“It gave us a way to share time together, a way to experience problems and solutions and victories and failures,” Jolley said.

The activity bonded them more than either ever expected, and Jolley developed a passion for aviation through the experience. As early as he was able, he began training to fly. He received his pilot’s license in 1977 at the young age of 17.

In 1983, Jolley began working at EMJ Corporation. He achieved his instrument rating in a Bonanza A36 and graduated to twin engines in the Cessna 421 Golden Eagle, both company airplanes. He made his first personal aircraft purchase and began a long tenure with Cirrus in 2003. Over the next 14 years, he would own four Cirrus SR22s, each one a slight upgrade from the last.

That’s how Jolley found Mark Rogers, founder and president of Lone Mountain Aircraft.

“I was introduced to Mark while selling my first SR22. Mark worked very well with me to coordinate the transaction,” said Jolley.

Since then, Jolley has trusted Lone Mountain to sell each of his SR22s.

With the pilot’s 11-year wait for the Vision Jet finally set for December 29, 2017, Jolley sold his most recent aircraft, a 2013 SR22T, in preparation for his new bird: the Cirrus SF50 Vision Jet Position 24.

Though the Vision Jet was Jolley’s biggest upgrade yet, it also meant the chance for a 41-year pilot to fly something new, and enhance the way he traveled for business and personal endeavors. Having completed all SF50 training and mentorship before his purchase, he was able to get it off the ground quickly, making history as the very first Vision Jet owner-pilot to solo home.

“That was my most memorable flight,” said Jolley. “When I got in it, it was surreal. To think that I’d spent over a decade waiting for this, and it had actually occurred…I never lost hope in it, but it was a long time to wait.”

Jolley counts the Vision Jet as the best flying experience he’s ever had in a single-pilot operation due to three factors: comfort, speed and safety.

“The pressurization and noise level are superior,” said Jolley. “The speed of the 300-knot aircraft gets me where I want to go quickly. Redundant systems increase the safety factor, and knowing there is a jet engine powering the aircraft multiplies its reliability.”

According to Jolley, there’s not a better aircraft to consider than the Vision Jet.

“It’s a mini-vacation when I’m flying the Vision Jet,” said Jolley. “I can forget everything else and focus on a passion.”

Jolley's Vision Jet, "Miss Grace V"

Jolley’s Vision Jet, “Miss Grace V”

Jolley uses the jet for business and personal travel, often accompanied by some of his most precious cargo: Kelly, his wife of 23 years, and daughter Grace, a junior at Baylor University. Grace is the namesake of not one, but all five of Jolley’s planes. The Vision Jet’s moniker is “Miss Grace V”.

When Jolley isn’t flying airplanes, he’s building them. After completing the build of an AirCam, Jolley recently started in on a Carbon Cub EX2. When he needs a break from airplanes, he heads to the green for a round or two of golf.

After an 11-year wait for the “mini-vacation” that is the Vision Jet, Jolley said he won’t be looking to sell anytime soon.

“When I am ready, the first place I’ll go is to Mark at Lone Mountain,” Jolley said.

Our team of pilots at LMA enjoys helping clients not only buy, but also sell aircraft, handling all the transactions and communications in between. Contact us today if you are interested in learning more about the Vision Jet.

For more information on EMJ Corporation, go to EMJCorp.com.

Just over two years old, the world’s first-ever single-engine personal jet is proving major value in the owner-flown space, but experts in the Cirrus SF50 Vision Jet are few and far between. The Lone Mountain team is dedicated to not only understanding the Vision Jet on paper, but also in experience. Three LMA team members are now type-rated in the SF50, with plans to continue adding to that number.

“The SF50 is an incredible asset for owner pilots,” said Mark Rogers, Lone Mountain CEO. “We’ve sold a number of positions over the last few years and are already in the process of selling a pre-owned Vision Jet. Our customers deserve the most comprehensive knowledge possible, which is why our sales team continues to get type-rated. Plus, we just enjoy flying it, so it’s a win-win.”

The Vision Jet is designed to be owner-flown. Flight training includes online learning modules and a two-day touch-trainer course, in addition to the 10-day type rating course which combines classroom and training in the full-motion simulator.

Three Pilots Receive SF50 Type Ratings

Atlanta-based sales representative Daniel Christman was the first on the LMA team to receive the type-rating in May of 2017. Previously a Cirrus Regional Sales Director, Daniel has been involved with Cirrus since November 2003.  He manages and flies a Cirrus SF50 Vision Jet in Atlanta.

“The first time I saw the Cirrus SF50, I knew I wanted this to be the first turbine aircraft I flew,” said Daniel. “It was ‘The Jet’ I had been waiting to fly!”

Mark Egan took a history-making approach to his type rating, using the full-motion Vision Jet simulator and Part 142 Certification housed in the Cirrus Aircraft Vision Center in Knoxville, Tenn. He became the first-ever simulator trained pilot on July 15, 2018.

The Level D simulator is an exact cockpit replica of a Vision Jet, equipped with Cirrus Perspective Touch Avionics. The full-motion Level D flight simulator is built by a leading simulator and flight training device provider, CAE Inc.  

With the type-rating, Mark can speak firsthand of the aircraft’s performance and features to potential Vision Jet owners. Mark also manages and flies a Cirrus SF50 Vision Jet in Knoxville.  

Paul Sallach, who has been with LMA since 2009, was the latest to complete his type-rating, becoming an official Vision Jet pilot in early November. Paul will soon be managing two SF50 Vision Jets in Las Vegas, and is now offering Vision Jet experiences for pilots looking to get their hands on the controls. According to Paul, he is excited to help LMA clients decide if the Vision Jet is right for them.

Why the Vision Jet?

“The Vision Jet is for a businessperson who is trying to get deals done in regional locations, or people who want to get away without the hassle of commercial travel,” said Paul. “It’s a type of freedom that most people don’t even realize exists.”

With several Vision Jet positions still available as well as two pre-owned SF5os in inventory, the LMA team has the know-how to get the aircraft into clients’ hands. The accessibility for potential owners to talk to someone who has first-hand experience with the Vision Jet is invaluable.

The Lone Mountain Vision Jet team is uniquely qualified to offer the highest level of service with a purchase or sale of a Cirrus SF50, with demonstration flights, convenient delivery and repositioning flights, and continued pilot services.

The Vision Jet is a market that is steadily growing, and LMA is poised to help clients make the transition to turbine life as smoothly as possible.

Call or email Lone Mountain to find out more about pre-owned and new Vision Jet listings.

Take a look at a few of our newest aircraft listings at Lone Mountain as of December 12, 2018:

Turbine

2011 Hawker - N977HG

2011 Hawker

Features include: ADSB-Out compliant with WAAS/LPV, Engines and APU on MSP Gold, Belted lavatory and observer seat, 2016 Paint and interior

Lone Mountain Aircraft Sales is proud to present this beautiful Hawker with amenities including Wifi, entertainment system, microwave and airshow.

Financing is available and all trades are welcome!

To inquire about this aircraft, click here or call Spencer Bain at 630-414-1293.

 


N45FF - 2006 Piper PA46-500TP

2006 Piper PA46-500TP

Features include: Garmin G950 3 Screen Panel Upgrade in 2014; Low total time (970 hours since new), Piper Service Center-Maintained

Lone Mountain Aircraft Sales is proud to offer a great reason to upgrade to the jet world with this affordable and well-maintained PA46-500TP.

Financing is available and all trades are welcome!

To inquire about this aircraft, click here or call Spencer Bain at 630-414-1293.

 


ZP-BRN - 2006 Pilatus PC12/47

2006 Pilatus PC12/47

Features include: Low Total Time (100 Hours Since Hot Section), CAMP Maintenance Tracking, Additonal Vapor Cycle Cooling System (VCCS)

Lone Mountain Aircraft Sales is proud to offer a great reason to upgrade to the jet world with this affordable and well-maintained PA46-500TP.

Low rates and flexible term financing is available. We can’t wait to talk to you about owning this beautiful PC12/47!

To inquire about this aircraft, click here or call Mike Grana at 317-514-8896.

 

 

Piston


N96AT - 2018 Cirrus SR22 G6 GTS

2018 Cirrus SR22 G6 GTS

Features include: Perspective+ Avionics with QWERTY keyboard, SPECTRA wingtip lights, Flightstream 210/510, keyless entry, Global Connect Satellite Phone & Text Messaging, Air Conditioning, EVS Camera

This plane has a 1250-pound useful load & 185 knot average cruise speed, making the performance capability unmatched! Transition Training is included in the purchase of this aircraft through Cirrus Embark Program.

To inquire about this aircraft, click here or call Paul Sallach at 702-285-0604.

 


N331ED - 2017 Cirrus SR22 G6 GTS

2017 Cirrus SR22 G6 GTS

Features include: Perspective+ Avionics with QWERTY keyboard, built-in oxygen, composite propeller, SPECTRA wingtip lights, Flightstream 210/510, keyless entry, battery minder, Air Conditioning, EVS Camera

This aircraft is covered under a 5-year spinner to tail warranty, and transition Training is included in your purchase through Cirrus Embark Program.

To inquire about this aircraft, click here or call Paul Sallach at 702-285-0604.

 


N822VT - 2016 Cirrus SR22T G5 GTS

2016 Cirrus SR22T G5 GTS

Features include: Satellite phone, rare Rhodium exterior/interior combinations, 2016 upgrades including Keyless entry and positive door latches, Flightstream 210 connectivity, Bluetooth audio panel, cell phone pockets for the crew

This always-hangared aircraft is covered under a 5 year spinner to tail warranty. At 200 hours, it is just barely broken in, and ready to fly into your hangar – plus, you’ll receive Transition Training with this purchase.

To inquire about this aircraft, click here or call Paul Sallach at 702-285-0604.

Mark Egan at 612-321-6489.

 


See more newly-listed piston and turbine aircraft at lonemountainaircraft.com.

 

 

Spencer Bain and Mark Egan, Lone Mountain Aircraft Sales

While the fourth quarter traditionally brings the most activity in terms of preflown aircraft transactions, we witnessed a colossal absorption of late-model inventory in the first quarter of 2018. The result as we head into Q4 has been a bifurcation of many aircraft models, meaning most aircraft on the market are either like-new or on the other end of the spectrum – well outside manufacturer’s warranty and possibly near a major maintenance event.

This means clear skies and improving pricing for sellers inside that void as buyers seek planes that aren’t new, but not too old; that have a few blemishes, but aren’t in need of a new interior; that have time on the engine(s), but aren’t near overhaul. These buyers are having a much harder time finding a plane that is “just right” for their trips skyward.

Jet Market: We are seeing the lowest percentage (9.1) of the business jet fleet for sale in this century – since 1998 in fact. Light jets are the strongest segment with 10.7 percent of the total fleet available for sale. The newer segment within that fleet (less than 10 years old) represents only 5.6 percent for sale today. Ask prices within that segment are up – that’s right, up – 4.8 percent year-to-date.

Turboprop Market: The turboprop market currently has 7.2 percent of the fleet for sale. This represents the lowest percentage in the category’s history. The asking price for newer aircraft is up 11.1 percent year-to-date. Mid-age turbos (11-20 years) have an average asking price up 4.4 percent. Waning years, however, are still seeing a pricing slide.

Cirrus Market: Similar to this time last year, Cirrus Aircraft is experiencing their longest backlog of new aircraft, now taking orders for mid-year 2019 with the exception of a few remaining factory demonstrator aircraft available. This, along with the current market premium for all pre-owned G6 aircraft, supports the popularity of the G6 aircraft with Nxi Avionics.

Market ReportsPre-owned Cirrus inventory has consistently been down since the beginning of the year by almost 13 percent compared to the average in the last five years. This has not slowed down sales, with the total number of transactions 11 percent higher than at this time in 2017. We are also pleased to report that average sales prices are up just over 6 percent since this time in 2017. With those data points in mind as we head into what has historically been the strongest quarter of the year, makes for a great time to consider planning your upgrade to your next airplane.

As always, don’t hesitate to contact our team at Lone Mountain for a more in-depth market analysis. To be added to our TBM, Meridian or Phenom 100 quarterly reports, email your name and address to info@lonemtn.com.

Lone Mountain Aircraft sales representative, Mark Egan, made history on Wednesday, July 15, as the very first pilot to receive a Cirrus Vision Jet SF-50 Type Rating in the new Cirrus simulator and Part 142 Certification.

The Vision Jet is the world’s first single-engine Personal Jet to receive FAA certification.

Cirrus’ Aircraft Vision Center in Knoxville, Tenn. is home to the full-motion Vision Jet simulator that Egan used to complete his type rating. The Level D simulator is an exact cockpit replica of a Vision Jet, equipped with Cirrus Perspective Touch Avionics. The full-motion Level D flight simulator is built by the world’s leading simulator and flight training device provider, CAE Inc.

Egan, who has been in the aircraft industry for nearly two decades, operates out of Knoxville, Tenn., where the Cirrus Aircraft Vision Center and simulator are located.

His experience with Cirrus – both in sales and in-flight instruction – makes him a perfect candidate to be the Vision simulator’s first patron.

Egan is a certified Platinum Cirrus Instructor with over 5,000 hours in various Cirrus Aircraft. Prior to Joining the Lone Mountain team, he spent nine years of his career at the Cirrus Aircraft Headquarters in Duluth, Minn.

The type rating will allow Mark to do more for Lone Mountain clients by being able to speak first hand of the aircraft’s performance and features, as well as provide demonstration or delivery flights.

He received kudos for his accomplishment at the Cirrus Kickoff Party at EAA AirVenture’s annual event in Oshkosh.

Congrats, Mark! We are proud to have you on the Lone Mountain Aircraft team!

In the month of August, Lone Mountain Aircraft was able to connect 20 owners to the right aircraft. This ties our best month to date in the 10 year history of Lone Mountain. We found owners for 17 Cirrus, 2 Cessna and 1 Piper aircraft. The aircraft that were sold are below:

Not pictured:

  • 2011 Cirrus SR20
  • 2007 Cirrus SR20
  • 2011 Cessna T182T

We are excited to connect more owners to aircraft throughout the rest of September! Click to see our turbine and piston listings at LoneMountainAircraft.com.

Mark Rogers, President, Lone Mountain Aircraft

As we wrap up a record Q2 for sales at LMA, we are seeing continued optimism in the light aircraft markets. JetNet IQ just released a survey in late June showing most business aircraft operators believe the current market cycle is past the low point. Our own sales experience over the last quarter jives with this sentiment, as our units sold were a record 46 sales for the quarter. Inventories of some of the most popular models of aircraft are now at a third of the inventory of this time last year. The shrinking inventory has us returning to international markets again to find acquisition opportunities.

Contributing to the increased sales activity is the strong appetite of aircraft finance lenders for new loans. Lone Mountain Aircraft Finance has new finance offerings and competitive rates, and is proving to be a valuable resource for our clients.

Beginning in May of this year, Lone Mountain began a new model for providing detailed market data to aircraft owners. The model has been well received, and we are expanding this offering to all owners of turboprops and light jets. If you are an aircraft owner and interested in receiving our market reports, you can sign up on our website or via email at info@lonemtn.com.

Here is a quick look at what else is new:

Current Market Acquisitions: Lone Mountain is currently acquiring a King Air 350i, Phenom 100, Phenom 300, and Piper Meridian or M500 for qualified clients. Please let us know if you are considering selling or know of an available aircraft.

Vision Jet Positions: We have sold four more Vision Jet positions in Q2 of 2018 and are now selling positions that deliver in 2019. We have positions delivering as early as Q3 of 2019 with three delivery positions remaining for next year. Cirrus just delivered Vision Jet serial #54, and pilots are reporting a great customer experience and support from Cirrus. We expect Cirrus to build a total of 50 Vision Jets in 2018 and approximately 65 in 2019. On the training front, the first type-rating class offered at the new Vision Training Center in Knoxville will be held in July 2018 as training moves from In-Aircraft to simulator-based training.

Contact us today to learn more!   

Father and son duo Joe and Luke Slawek make their living adding flavor to almost every food imaginable. Now, they are spicing up the way they do business – using a new Vision Jet.

Founded by Joe in 1987 when Luke was just six years old, FONA International, Inc. uses some of the best flavor scientists in the world to create and produce flavors. It didn’t take long for the business to become recognized as a world-flavor and market solutions leader. Soon, Joe realized they would need a better solution to keep up with client demand. He decided to take FONA to the skies, although aviation was no new venture for the Slawek family.

“I used to wake up dreaming about flying,” said Luke. “At that point in time that both of my parents were glider pilots before I was born. I grew up in the family business but was inclined toward aviation, and started flying gliders when I was 14.”

While Luke was in flight school at Embry-Riddle, Joe’s passion for flying renewed when he realized the ease of a quick father-son hunting trip with a personal aircraft on hand.

“I think that is when we really understood what a time machine it is to have aircraft available,” said Joe.

Joe began considering how to utilize aviation to improve the FONA business model. He realized that unhindered flight could be the most important asset.

Joe and Luke began flying aircraft loaded with samples of FONA’s products around the country to potential clients in a Pilatus PC-12. Today, they estimate they have flown over 30 different airplanes together, falling in love with Cirrus and Beechcraft products.

Lone Mountain has assisted in a few transactions for the Slaweks. It was instrumental in the international selling of a 2012 King Air B350i to a buyer in China before acquiring a new 2017 King Air 350i for the Slaweks.

“Lone Mountain worked hard on our behalf,” said Joe. “Transactions are sometimes extraordinarily complex, especially internationally to China and other places, so we are very grateful and indebted to Mark Rogers and Lone Mountain for that service.”

Aviation turned out to be a beneficial move for the FONA business model. Last year, Joe again enlisted the Lone Mountain team to help negotiate the purchase of a brand-new Cirrus Vision Jet.

“There’s only two groups of people we really care about: one is customers, and the other is employees,” said Joe. “What the King Air and Vision Jet allow us to do for our employees is convert a two-day trip into a one-day trip.”

With an aircraft on hand, FONA is able to get products into the hands of customers on a very tight turnaround, and then get its employees back much faster. According to Joe, the shorter business trips allow FONA employees to have a steadier home life and pick up another day of productivity back in the office the following day.

Thanks to the purchase of the Vision Jet, Luke has developed a great relationship with the Cirrus team through the delivery and training phases. Joe is currently working on his type-rating for the Vision Jet.

“I have about 20 hours in it, and it is an exciting time,” said Joe.

Not only do the Slawek men use their aircraft to take care of business, but they also make time to mix in pleasure. The aircraft have transported three generations of Slaweks (and their canine companions) to fun-filled destinations like the Grand Cayman Islands.

“I think that families stay together because they have fun together,” said Joe. “It has really become a tool to have fun as a family.”

For more information on FONA International, go to FONA.com

Mark Rogers, President, Lone Mountain Aircraft

Fourth quarters are typically the most active for aircraft sales and Q4 2017 was no exception, with tax-motivated purchases driving a flurry of year-end sales. December at LMA saw 32 sales with 14 in the last four business days of the year (a special thanks to our rock stars in operations that make this possible)!

First quarters, on the other hand, are typically the slowest for aircraft sales in North American markets, but if the first two months are any indication, 2018 will see another robust year for the industry. Our team is busy with sales and acquisitions, which seems to be a common theme industry-wide.

The new tax law allows for immediate expensing of both new and pre-owned aircraft, providing an incentive tax-motivated buyers to proceed with confidence.

Inventory Values: While our last update reported a slight reduction in inventories, we now have leading indicators pointing to a slight increase in price indexes. Amstat released an update this month indicating a recent uptick in aircraft values. In the Turbo-prop segment, since October 2017, values have increased +3.9%. The Light Jet segment has been more consistent with the average estimated value up +8.2% in the last 12 months. Lead times for new aircraft are starting to lengthen, with several OEM’s now reporting greater than six month lead times on the most popular models.

Whether this represents a short-term blip or a reversal of the decade-long slide in values is yet to be seen, but we are cautiously optimistic for the latter. We are confident in stating that this is the most active aircraft resale market we have experienced in the last decade, and the best opportunity we have seen in as many years for owners considering trading.

Here is a quick look at what else is new:

Current Market Acquisitions: Lone Mountain is currently acquiring a Phenom 100 and late-model Piper Meridian for qualified clients. Let us know if you are considering selling or know of an available aircraft.

Vision Jet Positions: We’ve sold 6 more Vision Jet Positions since our last update and we recently sold our last Jet Position that will deliver in 2018. We still have multiple positions available for 2019 delivery, and Cirrus has a few remaining demonstrator aircraft that will deliver this year. I’ve now had a chance to make five separate flights in a Vision Jet, and I continue to be impressed with how well Cirrus has designed an aircraft that sets the standard for ease of transition. If you haven’t yet had a chance to fly the Vision Jet by Cirrus, call us to make arrangements.

We look forward to hearing from you!   

By: Mark Rogers, Lone Mountain Aircraft President

With five turbine aircraft sold in the last 30 days, we are seeing brisk activity in light jets and single engine turboprops. Light jet inventory is currently the tightest since 2009, with many models now below 10% of the fleet for sale. While good values still exist, the nicest aircraft are moving quickly. After selling two TBM 850’s and three Meridians in the last quarter, we have left over buyers for both models. We also completed a Phenom and Mustang acquisition this quarter. Check in with us for our observations of these markets if you are considering a step-up or sale.   

Here is a quick look at what else is new:

Vision Jet Positions: Vision Jet position market has been quite active. Lone Mountain recently brought Vision Jet Position 61 to market which is the currently the earliest available delivery position. We have five positions available below 90 which should all deliver in 2018. There is still an opportunity to be flying your own SF50 Vision Jet within the next 12 months. Interested in getting some time flying the Vision Jet? Our Atlanta-based agent Daniel Christman has Vision Jet Experience Packages available in N234HS based in Atlanta. Call us for details.   

G5 Cirrus Market: So far in 2017, the Generation 5 Cirrus market segment continues to strengthen with the excitement surrounding the introduction of Generation 6. We are particularly seeing a strengthening of the SR22T-G5 market segment and in all of 2016, 24 units transacted, while we have seen 30 transact thus far this year. Second and third quarter sales of the SR22T-G5 noted a 100% increase in units sold from 2016 to 2017. In the normally aspirated SR22-G5 market segment, units sold have tripled over that what had sold through the first three quarters of 2016, and the average sales price has increased slightly continuing to show the value in that market segment. Units available reflect this as well as historically we see 50% less SR22 G5’s for sale at any given time over SR22T-G5’s.

Cirrus Backlog: Cirrus Aircraft is experiencing their largest backlog of new aircraft orders since 2003, reflecting the success and warm reception of the new Perspective Plus avionics suite. At the time of this writing the wait for a new SR20 or SR22 is nine months, extending out to May 2018. This follows a production rate increase for 2017, and annual price increases since 2012.

We expect a strong market for late model pre-owned aircraft through the rest of 2017. We’ve already sold one 2017 SR22T G6 earlier this year and have a second advertised currently.

We look forward to hearing from you!   

Our team at Lone Mountain Aircraft Sales is excited to announce that our very own, Daniel Christman, is now a jet pilot for the world’s first-ever single-engine personal jet, the Cirrus Vision SF50. Daniel, a Lone Mountain sales representative in Atlanta, Ga., completed his type rating courses on May 26, fully certifying him to operate what is commonly referred to as “The Vision Jet”.

The SF50 is a single-engine, low-wing, seven-seat, light jet aircraft designed to be flown by the owner. Not requiring a full-time professional pilot or a flight department, the Vision Jet is the first civilian single-engine jet to achieve certification with the Federal Aviation Administration. Certified on Oct. 28, 2016, after a 10-year process, the Vision Jet is a revolution in personal transportation and is equipped with the exclusive Cirrus Airframe Parachute System™ (CAPS™), setting a new standard in jet aircraft safety.

As the owner of Aero Atlanta Flight Center, a Cirrus Platinum Training Center in the Atlanta area, Daniel has been involved with Cirrus since November 2003 when he ordered a Cirrus SR20. After his purchase, he received training to become the first Cirrus Standardized Instructor Pilot as endorsed by the University of North Dakota. Since then, Daniel has been involved with both new and pre-owned sales for the Cirrus SR2X aircraft, first as a factory direct regional sales manager, then on the pre-owned side with Lone Mountain Aircraft Sales.

“The first time I saw the Cirrus SF50, I knew I wanted this to be the first turbine aircraft I flew,” said Daniel. “It was ‘The Jet’ I had been waiting to fly!”

After completing the first two phases of training, which included online learning modules and a two-day touch-trainer course, Daniel set off for the type rating course in Duluth, Minn. Type training is a 10-day course containing four days of ground work and five days of flight, with one off day.

According to Daniel, by the time the flight training rolled around, he was itching to get into the pilot’s seat.

“I’ll never forget the moment I started the turbine engine for the first time,” said Daniel. “The smile I had on my face the first time I hit the ‘Run’ knob did not come off during the entire training process.”

“Having a Type-Rated Vision Jet Pilot on the team is a distinct advantage for our sales team, especially considering that this aircraft is designed to be owner-flown and sold to pilots,” said Mark Rogers, Lone Mountain President.

Congratulations, Daniel! We are proud to have you as a part of the Lone Mountain team as an official Vision Jet pilot.

With the first half of 2017 in the books, it has been an exciting year so far for Lone Mountain Aircraft (LMA). As usual at this time, we are currently busy preparing for the world’s largest aviation event, the EAA Airventure Oshkosh. Kicking off July 23 in Oshkosh, Wis., Lone Mountain will have staff roaming the show grounds all week and will have our usual presence at the Cirrus booth. We hope to see you there!

Here is a quick look at what else is new:    

New Sales Team Member: Gordon Ramsay joined the Lone Mountain team in March of this year and is off to a great start with several sales already. Most recently the Piper Program Manager at Columbia Aircraft Services in Connecticut, Gordon is well-versed in high-performance piston and single-engine turboprop aircraft. As an experienced pilot with over 3,500 hours of flight time and more than 30 years of experience in aircraft sales, he is a great addition to LMA.

New Jet Type Rating: Daniel Christman earned a new jet type rating in June. Go here for more info.

Vision Jet Positions: In addition to continuing to lead the market in SR2X resale, LMA is taking a leadership role in position resale. As we have been predicting for several years, the market for Cirrus Vision Jet positions has matured and become very active now that the type certificate and production certificates have been issued. New Vision Jets are being delivered to customers and many early delivery positions have been sold to eager new owners. We’ve been excited about this new product and even more so now that several of us have time flying it. Give us a call for details on a purchase or sale of a position.

Vision Jet Factory Delivery:
LMA also recently assisted with a factory delivery of a Vision Jet, with our own Mark Stear lending his extensive experience with jet deliveries. We were involved with the delivery of serial #10, and were favorably impressed with the fit, finish and overall quality. New owners are going to love this aircraft! 

Aircraft Financing: Our bank is eager to lend and looking for more aircraft to finance. Lending terms have eased a bit over the last year as banks are competing for deals, and rates are still attractive despite recent moves by the Federal Reserve. Lone Mountain Aircraft Finance has now financed over 100 aircraft since our first aircraft loan in 2013, and we continue to innovate with more unique financing options for our buyers.