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December 14, 2018

VREF VALUATION FOR

2017 BEECHCRAFT 350i


N NUMBER: 868UP

AIRCRAFT VALUE REFERENCE


& APPRAISAL SERVICES

VREF Verified is not an appraisal and does not meet USPAP standards.
This is a verified value and should not be used in place of a formal desktop appraisal.
VREF VALUATION
December 13, 2018 2017 BEECHCRAFT 350i
Prepared for WHEELS UP
www.VREF.com N NUMBER: 868UP

OVERVIEW

The Beechcraft Super King Air family is part of a line of


twin-turboprop aircraft produced by Beechcraft. The
Model 200 and Model 300 series were originally mar-
keted as the "Super King Air" family, but the "Super"
was dropped in 1996. They form the King Air line to-
gether with the King Air Model 90 and 100 series.
Beechcraft currently offers the 250 (B200GT) and the
larger 350i (B300) models.
In October 2008, Beechcraft announced updated ver-
sions of the B300 series, the King Air 350i, with im-
provements to the passenger cabin. The noise level and
overall comfort of the King Air 350i, 350iER, 350iC
and 350iCER are now competitive with those of light
jets. The cabin of the B300 series has been updated
with controllers in the passenger seat armrests that dim AIRCRAFT DATA
the LED lights, darken the windows and control an iPod REGISTRATION#: . . . . . . . . . . . . . . . . . . . . . . N868UP
dock and a high-definition video monitor. The cabin also SERIAL#: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . FL-1099
includes (USB) ports, AC electrical receptacles and AIRFRAME TOTAL TIME (AFTT): . . . . . . . . . . . . . . 900
fold-out tables for each passenger in the eight seats fit- SINCE MAJOR OVERHAUL (SMOH)
ted. Deliveries commenced in December 2009 and SMOH - ENGINE #1: . . . . . . . . . . . . . . . . . . . . . 900
413 are in service today. SMOH - ENGINE #2: . . . . . . . . . . . . . . . . . . . . . 900
With best-in-class range and payload, the Beechcraft
King Air 350i aircraft is the aviation solution without
compromise. With intuitive flight control using the latest SUMMARY
avionics technology, Rockwell Collins™ Pro Line Fu- VALUE ITEM . . . . . .$RETAIL . . . .$WHOLESALE
sion™ avionics. BASIC PRICE . . . . . 5,700,000 . . . . . . . . 4,993,200
Best in class short runway performance, with a innova- ADDS/DEDUCTS . . . . . . . . . 0 ...............0
tive club seating, the King Air 350i offers the most AIRFRAME . . . . . . . . -220,125 . . . . . . . . . -220,125
cabin comfort in its cabin category. ENGINE(S) . . . . . . . . . -78,750 . . . . . . . . . . -78,750
CONDITION . . . . . . . . . . . . . 0 ...............0
TOTAL: $5,401,125 $4,694,325

VREF Verified is not an appraisal and does not meet USPAP standards.
This is a verified value and should not be used in place of a formal desktop appraisal. AIRCRAFT VALUE REFERENCE
& APPRAISAL SERVICES
VREF VALUATION
December 13, 2018 2017 BEECHCRAFT 350i
Prepared for WHEELS UP
www.VREF.com N NUMBER: 868UP

OVERVIEW
RETAIL PERCENT CHANGE MARKET DATA & RECENT ADS
Change Last Quarter: . . . . . . . . . . . . . . . . . . . . . -4.68% 2nd run overhauls can exceed $400k. King EFIS-10
Change Last 12 Months: . . . . . . . . . . . . . . . . . -17.39% can reduce value. More than 900 were built. INSPEC-
Change Since New: . . . . . . . . . . . . . . . . . . . . . -22.81% TIONS: Phase 1-4 can avg $35k; 6yr Landing Gr avgs
Price When New: . . . . . . . . . . . . . . . . . . . . . $7,384,125 $32k; Prop OHauls avg $15k ea; 5yr Wing Bolt $5k;
HSI can avg $75k ea. ADs = 07-12-06 flt controls; 09-
BASE PRICE INCLUDES 10-14 prop; 10-05-10 pitot heat; 10-26-03 tail deice;
Dual Collins Proline avionics, ProLine 21 on 2004 & up, 11-15-05 takeoff data.
1800 SOH, mid-life inspections, RVSM, TAWS B,
TCAS II, NDH, excellent P&I. Demand Rating: B

ENGINE DIRECT COSTS PER HOUR


P&W 1050shp FUEL $449.24
TBO 3600 PT6A-60A Fuel Cost Per Gallon $4.94
Additive Cost Per Gallon $0.00
Average Overhaul $375,000 Burn Rate (Gallons Per Hour) 90.94

MAINTENANCE $385.12
PERFORMANCE & SPECS
Avg Labor Cost Per Flight Hour $110.84
Config . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Twn, trboprp
Avg Parts Per Flight Hour Cost $274.28
Mx sts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
Avg Labor Costs Per Man Hour $91.99
Mx T.O. wt . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,000 lbs
Avg Parts Per Man Hour Cost $95.99
Cruise . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 310 kts
Engine Overhaul $279.00
Range . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1250 nm
Thrust Reverse Overhaul $0.00
T.O. run (BFL) . . . . . . . . . . . . . . . . . . . . . . . . . . . 3737 ft
Lndng roll . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1338 ft
MISCELLANEOUS FLIGHT EXPENSES $603.00
Wing span . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57 ft 11 in
Landing-Parking Fee $82.00
Length . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46 ft 8 in
Crew Expenses $150.00
Height . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 ft 4 in
Supplies-Catering $371.00

IMPORTANT NOTE TOTAL DIRECT COSTS $1,716.36


Prices depicted in VREF are averages based on the Block Speed Nautical Miles Per Hour 299
marketplace from the previous quarter. These average Total Cost Per Nautical Mile $5.74
prices may not represent a specific serial number. Each
serial number is unique. Prices can vary widely due to
time, condition, maintenance history and equipment.

VREF Verified is not an appraisal and does not meet USPAP standards.
This is a verified value and should not be used in place of a formal desktop appraisal. AIRCRAFT VALUE REFERENCE
& APPRAISAL SERVICES
VREF VALUATION
December 13, 2018 2017 BEECHCRAFT 350i
Prepared for WHEELS UP
www.VREF.com N NUMBER: 868UP

HISTORY

Last Action Date 2017-07-03


Airworthiness Date 2017-05-19 Expiration Date 2020-07-31
Manufacturer_Name TEXTRON AVIATION INC Model Name B300

Registrant Name BANK OF UTAH TRUSTEE Street 200 E SOUTH TEMPLE STE 210
Registrant City SALT LAKE CITY Registrant State UT
Registrant Zip Code 841111346 Country UNITED STATES
Region Northwest Mountain Registrant Type Corporation
Fract Owner Certificate Issue Date 2017-07-03
Status N-Number Assigned and Registered

Serial Number FL-1099 Aircraft Type Fixed wing multi engine


Mode S Code 52767137 Year Mfr 2017
Aircraft Category Land Builder Certification Type Certificated
Number Engines 2 Number Seats 19
Aircraft Weight CLASS 2 Aircraft Cruising Speed 0
Airworthiness Classification Standard Approved Operation Codes Commuter

Engine Manufacturer P&W CANADA


Engine Model Name PT6A-60A Engine Type Turbo-prop
Engine Horsepower/Thrust 0 Fuel Consumed 0.00

------- HISTORY 1 -------


Last Action Date 2017-05-03
Registrant Name TEXTRON AVIATION INC Street 1 CESSNA BLVD
Registrant City WICHITA Registrant State KS
Registrant Zip Code 672151400 Country UNITED STATES
Region Central Registrant Type Corporation
Fract Owner Certificate Issue Date
Status Aircraft registered to the manufacturer under their Dealer Certificate

***** NO DEREGISTERED DATA FOUND *****

VREF Verified is not an appraisal and does not meet USPAP standards.
This is a verified value and should not be used in place of a formal desktop appraisal. AIRCRAFT VALUE REFERENCE
& APPRAISAL SERVICES
VREF VALUATION
December 13, 2018 2017 BEECHCRAFT 350i
Prepared for WHEELS UP
www.VREF.com N NUMBER: 868UP

RESIDUAL VALUE

2017 King Air 350i N868UP


Year Residual Value % (x 100) FMV $ OLV $ NOLV $
2017 1 $7,384,125.0
00 $4,651,998.75 
2018 0.88 $6,500,000.0
00 $4,095,000.00  
2019 0.77 $5,700,000.0
00 $3,591,000.00 
 
2020 0.74 $5,500,000.0
00 $3,465,000.00   
2021 0.72 $5,300,000.0
00 $3,339,000.00 
 
2022 0.69 $5,100,000.0
00 $3,213,000.00   
2023 0.66 $4,900,000.0
00 $3,087,000.00   

VREF Verified is not an appraisal and does not meet USPAP standards.
This is a verified value and should not be used in place of a formal desktop appraisal. AIRCRAFT VALUE REFERENCE
& APPRAISAL SERVICES
VREF VALUATION
December 13, 2018 2017 BEECHCRAFT 350i
Prepared for WHEELS UP
www.VREF.com N NUMBER: 868UP

VREF Verified is not an appraisal and does not meet USPAP standards.
This is a verified value and should not be used in place of a formal desktop appraisal. AIRCRAFT VALUE REFERENCE
& APPRAISAL SERVICES
VREF VALUATION
December 13, 2018 2017 BEECHCRAFT 350i
Prepared for WHEELS UP
www.VREF.com N NUMBER: 868UP

VREF Verified is not an appraisal and does not meet USPAP standards.
This is a verified value and should not be used in place of a formal desktop appraisal. AIRCRAFT VALUE REFERENCE
& APPRAISAL SERVICES
VREF VALUATION
December 13, 2018 2017 BEECHCRAFT 350i
Prepared for WHEELS UP
www.VREF.com N NUMBER: 868UP

VREF Verified is not an appraisal and does not meet USPAP standards.
This is a verified value and should not be used in place of a formal desktop appraisal. AIRCRAFT VALUE REFERENCE
& APPRAISAL SERVICES
VREF VALUATION
December 13, 2018 2017 BEECHCRAFT 350i
Prepared for WHEELS UP
www.VREF.com N NUMBER: 868UP

VREF Verified is not an appraisal and does not meet USPAP standards.
This is a verified value and should not be used in place of a formal desktop appraisal. AIRCRAFT VALUE REFERENCE
& APPRAISAL SERVICES
VREF VALUATION
December 13, 2018 2017 BEECHCRAFT 350i
Prepared for WHEELS UP
www.VREF.com N NUMBER: 868UP

VREF Verified is not an appraisal and does not meet USPAP standards.
This is a verified value and should not be used in place of a formal desktop appraisal. AIRCRAFT VALUE REFERENCE
& APPRAISAL SERVICES