Engine values have greater resilience over time than the airframes they power but even engine values suffered during the recent recession. The peak in engine values occurred during the first half of 2008 when the financial markets in particular, were seeking products with greater margins than the then very competitive aircraft sector. Airlines were seeking to take advantage of new financing opportunities and engaged in more sale and leaseback deals involving spare engines. Even the values of the CFM56-3 series were still held in high regard as operators were forced to retain the B737 Classic until such time as new aircraft were delivered. Similarly, the CF6-80C2, powering the B767 and also the B747, were viewed with enthusiasm not least because of the delay to the B787 and the A380 which forced operators to continue operating aircraft slated for replacement. The V2500 and the CFM56-7B series used on the A320 and B737NG families were enjoying peak demand as the aircraft types continued to be spread thinly among non-traditional operators who were reliant on third party spare engine support. Lease rentals – both short and long term – were also at a peak.
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