Aircraft Value News [October 23, 2023] -

Issue: October 23, 2023

Emirates Buys Two More A380’s for “$35 Million” Each

Aircraft Bought Off Lease from Doric Nimrod Air Two Emirates continues to buy A380s off lease as part of its strategy of retaining the type for years to come and combined with other A380 examples being perhaps unexpectantly returned to service, values have at the very least stabilized. The two…

By: Aircraft Value News

October 23, 2023

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Growing Oversupply of B737-800SF’s Pressuring Values & Rentals

By John Persinos A salient trend is the increasing supply of B737-800 Converted Freighters aircraft. With 60 conversions forecast for this year alone, there are growing concerns about how this oversupply will impact the aircraft’s valuations and lease rates. Customer demand is likely to get affected, too. B737-800F conversions have…

By: Aircraft Value News

October 23, 2023

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“97 million” for A330-300Regional Write-Off

The loss of an A330-300Regional led to an insurance payout which is now the subject of a legal dispute between the lessors of the aircraft and the lessee, Saudi Arabian Airlines. The A330-300Regional was destroyed at Khartoum in April after rebels shelled the airport in April 2023. The lessors, International…

By: Aircraft Value News

October 23, 2023

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Aeroflot Payouts See A320neo “$46m” & A321neo “$55m”

The repercussions of the Russian invasion of Ukraine continue to be felt with insurance claims continuing to be pursued and settled with CDB Aviation becoming the latest lessor to settle at least part of its claim against insurers. Aeroflot still operates four aircraft that were previously owned by CDB Aviation.…

By: Aircraft Value News

October 23, 2023

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Values of Older Used Widebodies Stable But For How Long?

The values or widebodies are dependent on long haul travel and this has largely recovered to pre-Covid levels even though three years of growth has been lost. Values of older widebodies were expected to suffer as new aircraft were delivered in numbers once more but supply chain issues and pilot…

By: Aircraft Value News

October 23, 2023

AVN

Freighter Lease Rates Continue to Weaken

Despite the modest improvement in traffic compared to last year there is still a notable reduction from August 2019 demonstrating that even without the influx of belly hold capacity from passenger widebodies, the market for airfreight remains fragile. The airfreight market in 2019 was itself weak and as August freight…

By: Aircraft Value News

October 23, 2023

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A321neo Values Above Pre-Covid Levels

The Airbus A321neo family is a series of aircraft developed since December 2010 by Airbus with the suffix “neo” meaning “new engine option”. It is the last step of the A320 Family Enhanced (A320E) modernization program, which was started in 2006. The A320neo family replaces the original A320 family, which…

By: Aircraft Value News

October 23, 2023

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Aircraft Asset Assessment - The A321neo

Market Presence. With 86 customers for the A321neo the variant has exceeded all expectations in terms of orders and customers. Whilst not every operator will wish to fill the aircraft with 230-240 seats, the move away from even 180 seats is clearly illustrated. Operators are increasingly seeking to improve efficiency…

By: Aircraft Value News

October 23, 2023

AVN

B787-10 Pricing Continues to Edge Closer to Pre-Covid Levels

The value of a new B787-10 has been improving such that the values are nearly back to pre-Covid levels. The values of a new B787-10 suffered a fall of more than 20 percent at the start of the Covid Event, falling from over $154 million as of late 2019 to…

By: Aircraft Value News

October 23, 2023

AVN