Aircraft Value News [June 30, 2003] -

Issue: June 30, 2003

Rentals Stabilize, Albeit At Low Levels

Having fallen so far over the last few years, the stabilization of some older widebody rentals was perhaps inevitable. The market is awash with older widebodies, and while there may be intense competition among lessors to place aircraft, lessees cannot dictate any rate. Low interest rates provide lessors with an…

By: Aircraft Value News

June 30, 2003

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Aircaft Value Review - B747-200B: B747-200B Values Now At Rock Bottom

After so many years gracing the skies with its leviathan capability, the B747-200B has fallen on the hardest of times such that even conversion to freighter offers no prospect of a reprieve. Before the first B747 had rolled off the production line, the -200B had been ordered. Though identical to…

By: Aircraft Value News

June 30, 2003

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Aircraft Asset Assessment B747-200B

Market Presence. When comparing the B747-200B and A380, the chasm in terms of technology becomes all too evident. The three-person flight deck; clockwork instrumentation; 1950s vintage structure (the B747 fuselage is a derivative of the B707); comparatively basic interior (though carriers Virgin spent millions on presenting the most modern of…

By: Aircraft Value News

June 30, 2003

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Move From Form to Substance Allows Residuals to Compensate for B7E7

While the diversionary and gimmicky naming and publicity of the B7E7 continues, the real effect of the evolving B7E7 on current B767, B777 and A330 residuals can start to be more fully assessed as further details emerge. Boeing [NYSE: BA] may not have been able to match the magnitude of…

By: Aircraft Value News

June 30, 2003

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B757 Values Achieve Measure of Stability

After suffering a sustained fall over the last two years, values of the B757-200 appear at last to be achieving a measure of stability, perhaps as a consequence of the extent of the decline. The values of the B757-200 have almost halved in the space of a few years. Pre-Sept.…

By: Aircraft Value News

June 30, 2003

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Lifting of SARS Restrictions Boosts Widebody Residuals

Korean Airlines Starts Ball Rolling With MoU for A380s With Beijing the only remaining area where the World Health Organization (WHO) advises people not to travel to because of severe acute respiratory syndrome (SARS), one of the most severe negative effects on current values and residuals has been lifted. Current…

By: Aircraft Value News

June 30, 2003

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A340-600HGW Orders Provides for Clear Difference in Value Perceptions

The orders by Emirates Airlines and Qatar Airways for high gross weight versions of the A340-600 make it necessary to clearly differentiate between various weights of the type. In ordering two A321s, eight A330-200s, six A330-300s and two A340-600s, Qatar provided another important order for Airbus from a Middle East…

By: Aircraft Value News

June 30, 2003

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JetBlue Order for ERJ190s Provides Confidence in Residuals

Residuals of new generation larger regional jets have experienced a boost as a consequence of JetBlue Airways [Nasdaq: JBLU] ordering 100 ERJ190s. Though JetBlue operates an expanding fleet of A320s, the U.S. carrier opted for the Embraer product instead of plumping for family relationship with the A318. The decision to…

By: Aircraft Value News

June 30, 2003

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Weakening SARS Keeps Values on Track

Though Asian carriers have yet to report a rebound in traffic, widebody values are breathing a sigh of relief as the market has the opportunity to make full use of the peak Northern Hemisphere summer season. Passenger aversion to travel in Southeast Asia has lessened dramatically as severe acute respiratory…

By: Aircraft Value News

June 30, 2003

AVN