Phenom 100 Market Report – 1Q 2020, Performance and Operating Cost

Announced at the National Business Aviation Association (NBAA) annual convention in 2005, the Phenom 100 is Embraer’s first purpose built business jet. Engineered by the same team who designed Embraer’s highly successful line of large commercial aircraft, the Phenom 100 carries forward the company’s legacy of delivering value through robustness, ease of maintenance and low operating costs.

Since production began in 2008 Embraer has delivered more than 360 aircraft. In August, 2013, Embraer introduced the Phenom 100E offering new features such as multi-function spoilers, 11 new interior themes, and additional cabin configuration options including a lavatory refreshment center and fully articulating passenger seats.

In July, 2016, Embraer announced another series of upgrades to the aircraft. Boasting increased thrust for improved hot and high performance, and the latest Garmin G-3000 avionics suite, the new Phenom 100EV will no doubt retain its predecessor’s place as one of the most desirable aircraft in the marketplace.

Embraer incorporated features typically reserved for much larger aircraft.  These include its largest in class cabin cross section, desirable “air stair” entry door, optional fully enclosed lavatory, and spacious baggage compartment. 

“3 Things You Absolutely Must Know Before Purchasing a Pre-Owned Phenom 100….”

If You Are Shopping for a Phenom 100 and You Want to Know if Now is a Good Time to Buy, This Report is a Must Read.

Aircraft For Sale
Average Ask Price (MM USD)
Average Days on Market
Average Total Time

Phenom 100 Current Market

After a brief inventory reduction to 40 aircraft for sale during 4Q19, Phenom 100 inventory returned to its 2 year high in 1Q20. Currently, Phenom 100 inventory stands at 43 aircraft, of which 34 are classic Phenom 100s, 6 are Phenom 100Es, plus 1 are Phenom 100EV. Of the 43 aircraft listed for sale, 22 are located in North America, representing 52% of worldwide Phenom 100 inventory. 

P100 Inventory - Line | amCharts

Phenom 100 Recent Sales

During 2H19, Phenom 100 transaction levels increased considerably relative to 1H19. Between January 1, 2019 and June 30, 2019, a total of 10 Phenom 100/E/EV transactions occurred. From July 1, 2019 to December 31, 2019, a total of 33 Phenom 100/E/EV transactions occurred. 

The lull in 1H19 transactions is largely due to seller hesitance to reduce prices as Phenom 100 inventory soared from 4Q18 to 3Q19. Once the market found balance, robust Phenom 100 transaction activity ensued. 

North America continues to be the most active Phenom 100 market with 28 transactions during 2H19. Claiming 11 transactions, 2009 vintage aircraft are the most active of the Phenom 100 market. 

Based on recent sales volume and current inventory, there is approximately 7.8 months of Phenom 100 supply on the market. As with most markets, aircraft on programs, with complete maintenance records and no history of damage are the most desirable. 

P100 6 Mos Sales 3D stacked | amCharts

Phenom 100 Performance

The Phenom 100 has a maximum NBAA IFR range of 1,178 nautical miles, and is an ideal platform for operators who’s typical missions are between 500 and 900 nautical miles.  Its high bypass Pratt & Whitney PW617FE engines produce 1,695 lbs of thrust, delivering an average cruise speed of 335 knots while burning approximately 106 gallons of fuel per hour.

Phenom 100 performance relative to its competition:

* NBAA IFR Range (100 NM Alternate)
** Max Take-Off Weight, Sea Level, ISA
*** Max Landing Weight, Sea Level, ISA
Performance information is derived from manufacturer publications and is not necessarily representative of a particular aircraft.  No specific performance representations are being made by the author of this article.

Phenom 100 Operating Economics

Accounting for airframe and engine maintenance reserves, fuel costs using the U.S. national average of $4.25 per gallon (burning 106 gallons per hour) and miscellaneous expenses, the variable (direct) cost to operate a Phenom 100 is approximately $1,089.50 per hour.

Phenom 100 Hourly Costs:

  • Fuel: $450.50
  • Airframe Maintenance Reserve: $206.00
  • Engine Maintenance Reserve: $289.00
  • Miscellaneous Trip Expenses: $154.00

(source: Business & Commercial Aviation 2016 Operations Planning Guide and Various Industry Publications)

By | 2020-01-23T20:12:25+00:00 January 20th, 2020|

About the Author:

After many years selling new and pre-owned aircraft, I co-founded Verity Jet Group to help pre-owned jet buyers and sellers navigate the subtleties of aircraft transactions. You can learn more about me here.