Jet values and lease rates May 2004

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	22.9	15.7
A319 (IGW)	35.6	27.9			727-200Adv				0.9
A320-200 (IGW)	42.1	33.3	24.5		737-200Adv				1.4
A321-200 (LGW)	48.9	38.3			737-300 (LGW)		15.4	12.4	6.3
					737-400 (LGW)		16.9	13.4
					737-500		14.6	10.8
					737-600	30.5	21.9
					737-700	36.0	28.5
					737-800	45.2	35.5
					737-900	44.4
					757-200		30.4	23.4	9.2
					757-200ER		34.0	25.8
					757-300		37.7
					MD-82			9.8	6.0
					MD-83		13.3	11.1
					MD-88			11.6
					MD-90		17.3	13.6

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				4.5	747-200B				7.9
A300B4-600				8.3	747-400	130.8	102.3	72.0
A300B4-600R (HGW)		38.2	29.9		767-200				8.5
A310-300 (IGW)			24.3		767-300		43.3	31.6
A330-200		79.0			767-300ER (LGW)		51.9	38.2
A330-300 (IGW)		71.7	51.3		767-400	77.5
A340-200			44.9		777-200		74.6
A340-300 (LGW)	94.2	77.7	57.1		777-200ER	121.9	97.8
A340-300ER	106.8	84.9			777-300	124.4	94.1
A340-500	121.7
A340-600	128.8
					DC-10-30				6.3

					MD-11P		48.1	36.4

Note: As assessed at end April 2004, 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	224				717-200	200	147
A319 (IGW)	293	246			727-200Adv				44
A320-200 (IGW)	302	268	224		737-200Adv				39
A321-200 (LGW)	375	312			737-300 (LGW)		142	104	87
					737-400 (LGW)		159	136
					737-500		144	123
					737-600	194	167
					737-700	288	238
					737-800	330	280
					737-900	323
					757-200		208	193	116
					757-200ER		224	197
					757-300		258
					MD-82			117	82
					MD-83		141	122
					MD-88			128
					MD-90		139	129

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				92	747-200B				146
A300B4-600				150	747-400	866	745	586
A300B4-600R (HGW)		273	250		767-200				115
A310-300 (IGW)			193		767-300		330	280
A330-200		600			767-300ER (LGW)		400	341
A330-300 (IGW)		568	457		767-400	551
A340-200			421		777-200		576
A340-300 (LGW)	707	616	484		777-200ER	856	741
A340-300ER	790	652			777-300	882	735
A340-500	865
A340-600	935
					DC-10-30				124
					MD-11P		465	389

Note: As assessed at end April 2004, mid-range values for all types
Source: AVAC