Jet values and lease rates June 2003

The following tables reflect the current values (not “fair market”) and lease rates for narrowbody and widebody jets.

The figures are from The Aircraft Value Analysis Company (contact details opposite) and reflect AVAC’s opinion of the worth of the aircraft.

These values are different from and inevitably above the opportunistic offer prices or distressed sale prices prevalent today.

These figures are not solely based on market averages, but also such factors as re–marketing value, number in service, number on order and backlog, projected life span, etc.

NARROWBODY VALUES (US$M)

	NEW	5 years	10 years	20 years		NEW	5 years	10 years	20 years
		old	old	old			old	old	old
A318	28.6				717-200	22.3
A319 (IGW)	34.7	27.3			727-200Adv				1.2
A320-200 (IGW)	41.5	32.9	24.2		737-200Adv				2.3
A321-200 (LGW)	47.8	38.2			737-300 (LGW)		16.4	13.2
					737-400 (LGW)		17.2	14.3
					737-500		15.4	11.3
					737-600	30.6	22.1
					737-700	34.9	27.9
					737-800	43.7	34.3
					737-900	43.4
					757-200	46.1	31.3	23.8
					757-200ER	48.8	34.7	26.1
					757-300	54.2	41.1
					MD-82		13.2	11.1	6.9
					MD-83		15.1	12.5
					MD-88			12.9
					MD-90		18.5

WIDEBODY VALUES (US$M)

	NEW	5 years	10 years	20 years		NEW	5 years	10 years	20 years
		old	old	old			old	old	old
A300B4-200				5.2	747-200B				9.2
A300B4-600			17.2		747-400	129.4	98.8	68.3
A300B4-600R (HGW)		42.5	31.2		767-200				9.5
A310-300 (IGW)			27.2		767-300		46.8	33.4
A330-200	94.1	78.6			767-300ER (LGW)		57.5	41.3
A330-300 (IGW)	90.1	70.8			767-400	81.4
A340-200			46.7		777-200		77.4
A340-300 (LGW)	97.8	77.6	57.4		777-200ER	118.3	96.2
A340-300ER	105.2	83.8			777-300	121.8	93.6
A340-500	120.4
A340-600	128.8
					DC-10-30				8.0
					MD-11P		50.0	37.6

Note: As assessed at end April 20 03, mid-range values for all types.
Source: AVAC

NARROWBODY LEASE RATES (US $000S PER MONTH)

	NEW	5 years	10 years	20 years		NEW	5 years	10 years	20 years
		old	old	old			old	old	old
A318	220				717-200	177
A319 (IGW)	264	224			727-200Adv				43
A320-200 (IGW)	269	239	206		737-200Adv				48
A321-200 (LGW)	352	297			737-300 (LGW)		127	113
					737-400 (LGW)		138	122
					737-500		131	117
					737-600	189	164
					737-700	254	212
					737-800	304	252
					737-900	304
					757-200	258	220	199
					757-200ER	294	243	210
					757-300	289	267
					MD-82		137	121	88
					MD-83		147	127
					MD-88			130
					MD-90		147

WIDEBODY LEASE RATES (US $000S PER MONTH)

	NEW	5 years	10 years	20 years		NEW	5 years	10 years	20 years
		old	old	old			old	old	old
A300B4-200				101	747-200B				153
A300B4-600			212		747-400	870	734	579
A300B4-600R (HGW)		299	269		767-200				115
A310-300 (IGW)			209		767-300		330	280
A330-200	631	550			767-300ER (LGW)		418	355
A330-300 (IGW)	625	520			767-400	559
A340-200			411		777-200		570
A340-300 (LGW)	677	577	474		777-200ER	794	691
A340-300ER	733	604			777-300	832	683
A340-500	826
A340-600	897
					DC-10-30				134

					MD-11P		475	391

Note: As assessed at end April 2003, mid- range values for all types.
Source: AVAC