State of the Canadian Market Report | 2023 Edition

State of the Canadian Market Report 2023 EDITION State of the Canadian Market Report | 2023 Edition 2 www.levaero.com Note: All  g ures as of January 1 of each year. TABLE OF CONTENTS Jet Market Turboprop Market 08 09 10 11 12 13 14 15 16 17 18 19 20 21 26 27 28 29 30 31 32 33 Bombardier Challenger 350 Bombardier Challenger 3500 Bombardier Challenger 650 Bombardier Global 6500 Bombardier Global 7500 Cessna Citation CJ3+ Cessna Citation CJ4 Gen2 Cessna Citation M2 Cirrus Vision SF50 Dassault Falcon 8X Embraer Phenom 300E Embraer Praetor 500 Embraer Praetor 600 Gulfstream G280 Beechcraft King Air 360 Cessna Caravan 208 Cessna Grand Caravan EX Daher Kodiak 100 Daher TBM 910/960 Pilatus PC-12 Piper M500 Piper M600/SLS Gulfstream G650ER HondaJet Elite Pilatus PC-24 22 23 24 Welcome to Levaero Aviation, your one-stop solution for all of your aircraft sales and acquisition needs. With more than a quarter century of experience in the industry, our team of experts has built a reputation for exceptional service and remarkable results. Our collective experience has allowed our team to build a strong and dependable global network. We assist our clients in identifying the ideal aircraft to meet their requirements, and achieving maximum returns when selling their aircraft. Additionally, we have a proven track record of satisfying the aviation needs of business leaders and pilots alike. So why choose Levaero? It’s simple. We have a deep understanding of the aviation industry and are dedicated to providing you with unparalleled service and support every step of the way. With Levaero, you can trust that you have the right people in your corner to help achieve your aircraft sales and acquisition goals. From initial consultations to final negotiations, Levaero Aviation has the expertise and resources to guide you through the buying and selling process seamlessly. State of the Canadian Market Report | 2023 Edition 4 www.levaero.com W e are back with our second annual Canadian market analysis, building on the framework of the first-ever Canadian business aircraft market analysis we created last year. With more than twenty-six years of dedication to business aviation, Levaero Aviation’s comprehensive analysis of the business aviation market dynamics continues to serve as a vital resource for our clients and industry peers. In this analysis, we delve into the key developments observed throughout the 2023 calendar year, offering a detailed perspective on aircraft transactions within Canada, including inflows, outflows, and domestic movements. Additionally, we provide an up-to-date overview of the current state of the business aircraft market. We shine a light on in-production business turbine aircraft within Canada, including an array of market indicators from make and model to transaction volumes and standing inventory levels. It is worth noting that Canada’s business aircraft landscape is distinctly characterized by a significant turboprop population, which accounts for 59.6 percent of the total business aircraft registered, while jets make up 40.4 percent of that same total, reflective of the nation’s diverse geography and infrastructural demands. On the other hand, the U.S. has a larger jet population, representing 67.5 percent of registered aircraft, while turboprops consist of 32.5 percent. Globally, jets make up the majority of aircraft – 61 percent – while turboprops represent 39 percent of the worldwide fleet. Canada is home to 4.65 percent of all turboprops globally, and roughly 2 percent of the jet market. Together, the country makes up 3.04 percent of the global fleet of business aircraft, while the Canadian population only represents 0.48 percent of the total world population. This demonstrates that relative to Canada’s population, it is home to a significant amount of business aircraft. Similarly, the United States has a population representative of 4.23 percent of the global population and boasts a substantial share of the global aircraft fleet, representing 72.91 percent. In both countries, we see a high concentration of business aircraft in regions with an abundance of corporations and individuals, economic centres, and those with ease of access to airports and aviation services. The use of corporate aircraft enables both Canadian and international firms to access remote locations, optimize supply chains, and expand their resources to maintain competitiveness on a national and global scale and contribute to the growth of the overall economy. While the overall Canadian fleet saw a marginal fleet size decrease (thirteen aircraft), the importance of business aviation in the country’s economic framework cannot be overstated. Overall, the number of aircraft registered globally has risen over the past three years, signifying a continued increase in demand for business aircraft. The present state of the market shows a price normalization trend, with an uptick in inventory levels, increased days on market, and price stabilization. Pre-owned inventory levels in Canada for turboprops and jets increased by 45 percent and 140 percent, respectively in 2023 from the previous year. Though this signals a shift towards market equilibrium, we remind you that global inventory levels continue to remain below the five- and ten-year averages. The gradual increase in the number of days on the market for aircraft for sale is logical, as current owners reconcile their asking prices from 2021 and 2022 levels, and buyers wait for adjustments to reflect in aircraft valuations. As global business strategies evolve, so does the reliance on corporate aircraft to enable firms to reach various locations, optimize their operations, and sustain competitive advantage over their competitors. Our role as intermediaries in this sector is to ensure that our clients are well-informed and positioned to make strategic decisions. In conclusion, we trust this synopsis provides clear insights into the Canadian business aviation sector’s realities. Levaero Aviation remains at your service for any queries or discussions about the exciting world of business aircraft. Stan Kuliavas Vice President, Sales & Business Development State of the Canadian Market Report | 2023 Edition 5 www.levaero.com AIRCRAFT SALES DATA NUMBER OF AIRCRAFT REGISTERED IN CANADA, U.S. & GLOBALLY PERCENT OF AIRCRAFT REGISTERED BY TYPE IN CANADA, U.S. & GLOBALLY IN 2024 PERCENT OF GLOBAL FLEET REGISTERED IN CANADA & U.S. State of the Canadian Market Report | 2023 Edition 6 www.levaero.com AIRCRAFT SALES DATA PERCENT OF GLOBAL INVENTORY FOR SALE IN CANADA & U.S. NUMBER OF AIRCRAFT FOR SALE IN CANADA PERCENT OF AIRCRAFT FOR SALE IN CANADA PERCENT OF GLOBAL INVENTORY FOR SALE IN CANADA & U.S. BY AIRCRAFT TYPE JET MARKET State of the Canadian Market Report | 2023 Edition 8 www.levaero.com 93 82 Average Median 0% 14 16 16 -1% 389 434 428 Canadian Transactions in 2022: Canadian Transactions in 2023: 5 4 CANADIAN FLEET GLOBAL FLEET For Sale Days on Market Bombardier Challenger 350 Jan 2022 Jan 2023 Jan 2024 Year Introduced: 2014 Type: Super Midsize Jet Max Passengers: Up to 9 Max Range: 3,200 nm Fleet in Canada: 16 Bombardier Challenger 350 The Challenger 350 is an upgraded version of Bombardier’s Challenger 300 business jet. Popular with corporate flight departments, the super-midsize Challenger 350 features the Collins Pro Line 21 avionics suite, synthetic vision system, MultiScan weather radar, and more. The aircraft is known for offering a smooth ride and a wide range of passenger comforts. State of the Canadian Market Report | 2023 Edition 9 www.levaero.com - - Average Median 0 0 6 0 0 60 Canadian Transactions in 2022: Canadian Transactions in 2023: 0 3 CANADIAN FLEET GLOBAL FLEET For Sale Days on Market Bombardier Challenger 3500 Jan 2022 Jan 2023 Jan 2024 N/A N/A Year Introduced: 2021 Type: Super Midsize Business Jet Max Passengers: Up to 10 Max Range: 3,400 nm Fleet in Canada: 6 Bombardier Challenger 3500 The latest in the line of Bombardier’s successful Challenger family of aircraft, the Challenger 3500 combines impressive performance and reliability with an elevated passenger experience. Features include Bombardier’s patented Nuage zero-gravity seats, sustainability-focused design, and signature smooth ride – making this aircraft a popular choice with charter operators and corporate flight departments. State of the Canadian Market Report | 2023 Edition 10 www.levaero.com 94 94 Average Median 18% 11 11 13 6% 120 133 141 Canadian Transactions in 2022: Canadian Transactions in 2023: 1 4 CANADIAN FLEET GLOBAL FLEET For Sale Days on Market Bombardier Challenger 650 Jan 2022 Jan 2023 Jan 2024 Year Introduced: 2015 Type: Large Cabin Business Jet Max Passengers: 12 Max Range: 4,000 nm Fleet in Canada: 13 Bombardier Challenger 650 With its signature smooth ride and wide cabin, combined with its low direct operating costs, the Challenger 650 is popular with both passengers and charter operators. The aircraft is equipped with Bombardier’s Vision flight deck, featuring synthetic vision, and offers an extremely high dispatch reliability rate of 99.9% with over five million flight hours flown. State of the Canadian Market Report | 2023 Edition 11 www.levaero.com - - Average Median 100% 1 1 2 52% 36 60 91 Canadian Transactions in 2022: Canadian Transactions in 2023: 1 2 CANADIAN FLEET GLOBAL FLEET For Sale Days on Market Bombardier Global 6500 Jan 2022 Jan 2023 Jan 2024 Year Introduced: 2019 Type: Ultra-Long-Range Business Jet Max Passengers: 17 Max Range: 6,600 nm Fleet in Canada: 2 Bombardier Global 6500 With purpose-built Rolls-Royce Pearl 15 engines for greater efficiency, advanced wing design and Bombardier’s new Nuage seats, the ultra-long-range Global 6500 also offers a comprehensive avionics suite in Bombardier’s Vision flight deck. Offering a top speed of Mach 0.9, the Global 6500 can also access shorter airfields with steep approaches, including London City. State of the Canadian Market Report | 2023 Edition 12 www.levaero.com 123 123 Average Median 29% 2 7 9 34% 82 124 166 Canadian Transactions in 2022: Canadian Transactions in 2023: 2 4 CANADIAN FLEET GLOBAL FLEET For Sale Days on Market Bombardier Global 7500 Jan 2022 Jan 2023 Jan 2024 Year Introduced: 2018 Type: Ultra-Long-Range Business Jet Max Passengers: 19 Max Range: 7,700 nm Fleet in Canada: 9 Bombardier Global 7500 Canadian manufacturer Bombardier’s flagship aircraft, the Global 7500, features a pair of GE Passport engines that enable it to reach a top speed of Mach 0.925. The expansive cabin includes four living spaces plus a crew rest area and galley. State of the Canadian Market Report | 2023 Edition 13 www.levaero.com 65 65 Average Median 33% 9 12 16 15% 201 231 265 Canadian Transactions in 2022: Canadian Transactions in 2023: 4 4 CANADIAN FLEET GLOBAL FLEET For Sale Days on Market Cessna Citation CJ3+ Jan 2022 Jan 2023 Jan 2024 Year Introduced: 2014 Type: Light Business Jet Max Passengers: 9 + 1 pilot Max Range: 2,040 nm Fleet in Canada: 16 Cessna Citation CJ3+ The Citation CJ3+ offers Garmin G3000 avionics and increased range over the original CJ3 model. It is powered by two Williams International FJ44-3A engines. The cabin volume for the Citation CJ3+ is 286 cubic feet. In Canada, these aircraft are almost exclusively in commercial service with minimal private ownership. State of the Canadian Market Report | 2023 Edition 14 www.levaero.com 61 61 Average Median 100% 0 1 2 82% 0 50 91 Canadian Transactions in 2022: Canadian Transactions in 2023: 1 1 CANADIAN FLEET GLOBAL FLEET For Sale Days on Market Cessna Citation CJ4 Gen2 Jan 2022 Jan 2023 Jan 2024 Cessna Citation CJ4 Gen2 Year Introduced: 2021 Type: Light Business Jet Max Passengers: 10 Max Range: 2,165 nm Fleet in Canada: 2 As the largest Citation in the light jet segment, the CJ4 Gen2 offers a redesigned cabin with upgraded seating and storage. A wireless cabin management system allows passengers to control lighting, window shades and cabin temperature from their smart phones, as well as stream preloaded audio and video files. In the cockpit, the Collins Aerospace Pro Line 21 integrated avionics suite delivers LCD displays and modern functionality. State of the Canadian Market Report | 2023 Edition 15 www.levaero.com 86 86 Average Median 20% 6 5 6 9% 297 333 364 Canadian Transactions in 2022: Canadian Transactions in 2023: 1 2 CANADIAN FLEET GLOBAL FLEET For Sale Days on Market Cessna Citation M2 Jan 2022 Jan 2023 Jan 2024 Year Introduced: 2012 Type: Light Business Jet Max Passengers: 5 Max Range: 1,550 nm Fleet in Canada: 6 Cessna Citation M2 An entry-level jet, the twin-engine Citation M2 is generally used for corporate, or private travel. The M2 has a cabin volume of 201 cubic feet, is approved for single-pilot operations, and features the Garmin G3000 flight deck with touch screen avionics. State of the Canadian Market Report | 2023 Edition 16 www.levaero.com 136 116 Average Median 200% 1 1 3 30% 290 396 516 Canadian Transactions in 2022: Canadian Transactions in 2023: 0 2 CANADIAN FLEET GLOBAL FLEET For Sale Days on Market Cirrus Vision SF50 Jan 2022 Jan 2023 Jan 2024 Cirrus bills its Vision Jet SF50 as the world’s first single- engine personal jet – an easy aircraft to own and operate. Panoramic windows and modular seating provide a comfortable flight for up to five adults and two children. The aircraft also has a variety of safety features, including emergency autoland and the Cirrus Airframe Parachute System (CAPS). Year Introduced: 2008 Type: Single-Engine Very Light Jet Max Passengers: 7 Max Range: 1,275 nm Fleet in Canada: 3 Cirrus Vision SF50 State of the Canadian Market Report | 2023 Edition 17 www.levaero.com - - Average Median 0% 1 1 1 9% 77 89 97 Canadian Transactions in 2022: Canadian Transactions in 2023: 1 1 CANADIAN FLEET GLOBAL FLEET For Sale Days on Market Dassault Falcon 8X Jan 2022 Jan 2023 Jan 2024 Year Introduced: 2014 Type: Ultra-Long-Range Business Jet Max Passengers: Up to 16 Max Range: 6,450 nm Fleet in Canada: 1 Dassault Falcon 8X Dassault taps into its expertise in fighter jet design with the Falcon 8X. The aircraft features advanced digital flight controls, including the FalconEye combined vision system to enhance pilot situational awareness. The cabin comes in a variety of configurations, including an option with three lounges and an aft shower. Dassault bills the Falcon 8X as being up to 15 per cent more fuel efficient than other aircraft in the ultra-long-range segment. State of the Canadian Market Report | 2023 Edition 18 www.levaero.com 67 67 Average Median 0% 2 3 3 32% 148 204 270 Canadian Transactions in 2022: Canadian Transactions in 2023: 1 1 CANADIAN FLEET GLOBAL FLEET For Sale Days on Market Embraer Phenom 300E Jan 2022 Jan 2023 Jan 2024 Year Introduced: 2020 (300E) Type: Light Business Jet Max Passengers: 10 + 1 pilot Max Range: 2,010 nm Fleet in Canada: 3 Embraer Phenom 300E Powered by two Pratt & Whitney PW535E1 engines, the Phenom 300E offers steep approach capability and features the Garmin G3000 Prodigy Touch Flight Deck. Embraer bills it as the world’s fastest and longest-ranged single-pilot aircraft, capable of speeds up to Mach 0.80. The 300E model descends from the original Phenom 300, first certified in 2009. State of the Canadian Market Report | 2023 Edition 19 www.levaero.com 44 44 Average Median 50% 2 6 9 45% 33 62 90 Canadian Transactions in 2022: Canadian Transactions in 2023: 1 2 CANADIAN FLEET GLOBAL FLEET For Sale Days on Market Embraer Praetor 500 Jan 2022 Jan 2023 Jan 2024 Year Introduced: 2019 Type: Midsize Business Jet Max Passengers: 9 Max Range: 3,340 nm Fleet in Canada: 9 Embraer Praetor 500 Certified by the FAA and EASA in September 2019, the Praetor 500 is the new and improved version of Embraer’s Legacy 450 jet, offering full fly-by-wire capability. The Collins Pro Line Fusion flight deck offers a host of equipment to enhance flight safety. State of the Canadian Market Report | 2023 Edition 20 www.levaero.com - - Average Median 100% 1 1 2 40% 44 65 91 Canadian Transactions in 2022: Canadian Transactions in 2023: 0 1 CANADIAN FLEET GLOBAL FLEET For Sale Days on Market Embraer Praetor 600 Jan 2022 Jan 2023 Jan 2024 Year Introduced: 2018 Type: Super Midsize Business Jet Max Passengers: Up to 12 Max Range: 4,018 nm (4 passengers) Fleet in Canada: 2 Embraer Praetor 600 Brazilian OEM Embraer emphasizes capability and flexibility with its Praetor 600, featuring a roomy cabin that is thoughtfully designed for the ultimate in passenger comfort. Its ultra-quiet cabin boasts lightning-fast connectivity for working or relaxing, fully flat berthable seating, a stand- up cabin with flat floor, wet galley and active turbulence reduction. State of the Canadian Market Report | 2023 Edition 21 www.levaero.com 59 59 Average Median 33% 2 3 4 9% 222 247 269 Canadian Transactions in 2022: Canadian Transactions in 2023: 1 1 CANADIAN FLEET GLOBAL FLEET For Sale Days on Market Gulfstream G280 Jan 2022 Jan 2023 Jan 2024 Year Introduced: 2012 Type: Midsize Business Jet Max Passengers: 10 Max Range: 3,600 nm Fleet in Canada: 4 Gulfstream G280 The Gulfstream G280 is a two-pilot business jet that is certified for steep-approach operations. It can reach maximum speeds of 0.85 Mach and offers standard autothrottle and autobraking systems. Configurations include a galley, baggage compartment and lavatory with a full-size closet. State of the Canadian Market Report | 2023 Edition 22 www.levaero.com 115 115 Average Median 50% 2 2 3 20% 280 329 395 Canadian Transactions in 2022: Canadian Transactions in 2023: 1 2 CANADIAN FLEET GLOBAL FLEET For Sale Days on Market Gulfstream G650ER Jan 2022 Jan 2023 Jan 2024 Year Introduced: 2012 Type: Large Cabin Business Jet Max Passengers: 19 Max Range: 7,500 nm Fleet in Canada: 3 Gulfstream G650ER With around 400 examples in service worldwide, Gulfstream’s G650 and extended range G650ER offer fly-by- wire technology and impressive speed and range. The quiet cabin features a clean air system,optimized cabin altitude, and 16 panoramic oval windows. State of the Canadian Market Report | 2023 Edition 23 www.levaero.com 103 103 Average Median 0% 3 2 2 23% 81 110 135 Canadian Transactions in 2022: Canadian Transactions in 2023: 1 1 CANADIAN FLEET GLOBAL FLEET For Sale Days on Market HondaJet Elite Jan 2022 Jan 2023 Jan 2024 Year Introduced: 2018 Type: Very Light Jet Max Passengers: 7 + 1 pilot Max Range: 1,437 nm Fleet in Canada: 2 HondaJet Elite The HondaJet Elite represents the first major upgrade package to the original HA-420 HondaJet, known for its unique design featuring an over-the-wing engine mount configuration. The Elite package increases the jet’s range by 17 per cent, allows for a shorter takeoff roll, and incorporates avionics improvements. Most recently, the Elite II model was announced in October 2022. State of the Canadian Market Report | 2023 Edition 24 www.levaero.com 66 66 Average Median 57% 5 7 11 29% 134 178 230 Canadian Transactions in 2022: Canadian Transactions in 2023: 2 6 CANADIAN FLEET GLOBAL FLEET For Sale Days on Market Pilatus PC-24 Jan 2022 Jan 2023 Jan 2024 Year Introduced: 2017 Type: Light Business Jet Max Passengers: 11 + 1 Pilot Max Range: 2,000 nm Fleet in Canada: 11 Pilatus PC-24 With the PC-24 twinjet, Pilatus goes where no business jet has gone before. PC-12 customers asked the OEM for a jet that could do everything the single-engine turboprop could do, while going faster and farther. The PC-24 “Super Versatile Jet” is the result. Since it was introduced in 2017 (2019 in Canada), the PC-24 has earned accolades for its ability to access nearly 20,000 unpaved runways around the world—double the number of any other business jet. Keeping versatility at the forefront, the PC-24 is quickly reconfigured for a variety of missions, including air ambulance. It offers a flat floor and the roomiest cabin in its class. Owners can choose from a variety of bespoke interior configurations crafted by BMW Designworks. Certified for single- pilot operation, the PC-24’s Advanced Cockpit Environment sets the standard for high-tech simplicity. Significant product enhancements were announced in 2023, including increased payload, more range, as well as cabin improvements. TURBOPROP MARKET State of the Canadian Market Report | 2023 Edition 26 www.levaero.com 63 63 Average Median 50% 1 2 3 25% 37 75 94 Canadian Transactions in 2022: Canadian Transactions in 2023: 1 1 CANADIAN FLEET GLOBAL FLEET For Sale Days on Market Beechcraft King Air 360 Jan 2022 Jan 2023 Jan 2024 The Beechcraft King Air, now produced by Textron Aviation, is popular with Canadian operators for a variety of mission types, from executive transport, to medevac, to patrol. It, too, has evolved over its nearly six decades of operation. The King Air 360 and 350i models feature advanced touch-screen avionics and constant speed, fully reversing propellers with modern, comfortable cabins. Year Introduced: 1964 Type: Twin-Engine Turboprop Max Passengers: 10 + 1 Pilot Max Range: 1,806 nm Fleet in Canada: 3 Beechcraft King Air 360 State of the Canadian Market Report | 2023 Edition 27 www.levaero.com 107 107 Average Median 13% 54 53 60 -8% 456 465 429 Canadian Transactions in 2022: Canadian Transactions in 2023: 6 8 CANADIAN FLEET GLOBAL FLEET For Sale Days on Market Cessna Caravan 208 Jan 2022 Jan 2023 Jan 2024 The Cessna Caravan 208, now manufactured by Textron, is a dependable workhorse used to perform a variety of demanding missions, from cargo to humanitarian to passenger service. Its unpressurized airframe is supported by a sturdy fixed tricycle landing gear, but the aircraft can also be outfitted with floats or skis. Originally equipped with a single Pratt & Whitney Canada PT6A-114 turboprop engine, later versions were upgraded to the higher-powered PT6A- 114A. Likewise, modern versions feature the latest cockpit technology, including the Garmin G1000 NXi avionics suite. Year Introduced: 1984 Type: Single-Engine Turboprop Max Passengers: 9 Max Range: 1,070 nm Fleet in Canada: 60 Cessna Caravan 208 State of the Canadian Market Report | 2023 Edition 28 www.levaero.com 95 95 Average Median 9% 9 11 12 -2% 596 655 643 Canadian Transactions in 2022: Canadian Transactions in 2023: 3 2 CANADIAN FLEET GLOBAL FLEET For Sale Days on Market Cessna Grand Caravan EX Jan 2022 Jan 2023 Jan 2024 The Cessna Caravan is a rugged performer featuring a fixed tricycle landing gear, but also popular on floats. The aircraft typically serves in a utility role or in a short-haul regional airliner capacity and is known for low operating costs and fuel efficiency while performing a variety of special missions. The Grand Caravan EX features increased speed and climb capability thanks to a more powerful engine than the standard Caravan. Year Introduced: 2012 Type: Single-Engine Turboprop Max Passengers: 10-14 Max Range: 912 nm Fleet in Canada: 12 Cessna Grand Caravan EX State of the Canadian Market Report | 2023 Edition 29 www.levaero.com 119 119 Average Median 10% 18 19 21 -2% 284 301 296 Canadian Transactions in 2022: Canadian Transactions in 2023: 4 6 CANADIAN FLEET GLOBAL FLEET For Sale Days on Market Daher Kodiak 100 Jan 2022 Jan 2023 Jan 2024 Originally introduced by Idaho-based Quest Aircraft, which was subsequently purchased by French manufacturer Daher, the Kodiak 100 is characterized by a fixed tricycle landing gear, large cargo door, and short takeoff and landing capability. It is multi-mission capable and suitable for hauling cargo or passengers. It has also proven to be popular in a seaplane configuration. Year Introduced: 2007 Type: Single-Engine Turboprop Max Passengers: 9 + 1 Pilot Max Range: 1,132 nm Fleet in Canada: 21 Daher Kodiak 100 State of the Canadian Market Report | 2023 Edition 30 www.levaero.com 98 98 Average Median 150% 1 2 5 75% 51 87 152 Canadian Transactions in 2022: Canadian Transactions in 2023: 1 2 CANADIAN FLEET GLOBAL FLEET For Sale Days on Market Daher TBM 910/960 Jan 2022 Jan 2023 Jan 2024 The TBM family was first introduced in 1990 with the TBM 700 model. Since then, additional variants have been produced, leading up the latest TBM 910 and 960. The baseline 910 features the Garmin G1000 NXi avionics suite and synthetic vision with a range of “e-copilot” systems, while the latest 960 model offers a digitally-controlled engine, five-bladed composite propeller and emergency Autoland. Year Introduced: 2014 Type: Single-Engine Turboprop Max Passengers: 6 Max Range: 1,730 nm Fleet in Canada: 5 Daher TBM 910/960 State of the Canadian Market Report | 2023 Edition 31 www.levaero.com 130 105 Average Median 10% 111 107 118 1% 1,889 1,994 2,015 Canadian Transactions in 2022: Canadian Transactions in 2023: 7 15 CANADIAN FLEET GLOBAL FLEET For Sale Days on Market Pilatus PC-12 Jan 2022 Jan 2023 Jan 2024 The Swiss-made Pilatus PC-12, inclusive of the 45, 47, NG and NGX series, has earned a loyal Canadian following since it entered service in 1994. Indeed, the type is the best-selling pressurized aircraft in its class worldwide, with more than 1,900 aircraft and over 9.5 million flight hours to date. Likened to an “aerial SUV,” the PC-12 has evolved over time, with the birth of the PC-12 NG and most recently the PC-12 NGX. Built for single-pilot operations, later members of the PC-12 family feature advanced avionics, alongside the ultra- dependable Pratt & Whitney Canada PT6 engine. In the PC- 12 NGX, passengers can relax in a 330-cubic-foot, luxuriously appointed cabin designed by BMW Designworks. With true multi-mission capability, the PC-12 NGX builds on the proven reputation of previous PC-12 models for safety, versatility and reliability. Year Introduced: 1994 Type: Single-Engine Turboprop Max Passengers: 10 + 1 Pilot Max Range: 1,803 nm Fleet in Canada: 118 Pilatus PC-12 State of the Canadian Market Report | 2023 Edition 32 www.levaero.com - - Average Median 0% 3 4 4 9% 101 111 121 Canadian Transactions in 2022: Canadian Transactions in 2023: 0 1 CANADIAN FLEET GLOBAL FLEET For Sale Days on Market Piper M500 Jan 2022 Jan 2023 Jan 2024 Piper’s M500 single-engine turboprop emphasizes technology and safety, offering the Garmin G1000 avionics package and other new features, such as electronic stability protection, underspeed protection and level mode. Passengers will appreciate the thoughtful comforts of the M500’s premium- grade interior. Year Introduced: 2015 Type: Single-Engine Turboprop Max Passengers: 5 + 1 pilot Max Range: 1,250 nm Fleet in Canada: 4 Piper M500 State of the Canadian Market Report | 2023 Edition 33 www.levaero.com 58 41 Average Median 30% 12 10 13 29% 173 217 279 Canadian Transactions in 2022: Canadian Transactions in 2023: 6 4 CANADIAN FLEET GLOBAL FLEET For Sale Days on Market Piper M600/SLS Jan 2022 Jan 2023 Jan 2024 Previously known as the Piper Meridian, Piper Aircraft’s pressurized M600 shares the same basic fuselage as its predecessors, with a few enhancements to the wing and empennage for improved handling and greater speed. The Florida-based manufacturer added the Garmin G3000 avionics suite to this model. The M600/SLS was subsequently introduced in 2019 with Garmin Autoland and a 1,658 nm range. Year Introduced: 2016 Type: Single-Engine Turboprop Max Passengers: 5 + 1 Pilot Max Range: 1,484 nm (M600) Fleet in Canada: 13 Piper M600/SLS Data Source: AMSTAT, Inc. 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