Jet values and lease rates May 2005

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 probably above the opportunistic offer prices or distressed sale prices still 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	29.0				717-200	20.3	13.9
A319 (IGW)	36.9	29.1			727-200Adv				0.7
A320-200 (IGW)	44.2	35.3	26.3		737-200Adv				1.1
A321-200 (LGW)	50.5	39.4			737-300 (LGW)			12.0	6.1
					737-400 (LGW)		15.6	12.9
					737-500		12.9	10.3
					737-600	30.9	22.1
					737-700	37.1	29.9
					737-800	47.0	37.1
					737-900	44.6	32.5
					757-200		29.7	23.1	9.7
					757-200ER		32.6	25.1
					757-300		38.1
					MD-82			7.1	4.3
					MD-83			8.0	5.3
					MD-88			8.3
					MD-90			11.0

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				3.9	747-200B				6.0
A300B4-600				6.8	747-400		93.2	65.1
A300B4-600R (HGW)			28.3		767-200				7.3
A310-300 (IGW)			22.2	6.6	767-300		41.2	30.4
A330-200		81.4			767-300ER (LGW)		54.8	40.4
A330-300 (IGW)		73.9	52.7		767-400		57.8
A340-200			42.7		777-200		72.8	50.8
A340-300 (LGW)		78.3	57.8		777-200ER	126.5	102.0
A340-300ER	106.8	88.1			777-300	128.3	97.2
A340-500	125.4
A340-600	131.1
					DC-10-30				6
					DC-10-40				1.3

					MD-11P			35.3

Note: As assessed at end April 2005
Source: AVAC

NARROWBODY LEASE RATES (US$000’s per month)

	NEW	5 years	10 years	20 years		NEW	5 years	10 years	20 years
		old	old	old			old	old	old
A318	241				717-200	203	149
A319 (IGW)	318	270			727-200Adv				48
A320-200 (IGW)	333	304	258		737-200Adv				38
A321-200 (LGW)	405	346			737-300 (LGW)			138	97
					737-400 (LGW)		161	143
					737-500		143	126
					737-600	214	179
					737-700	295	246
					737-800	334	289
					737-900	326
					757-200		217	201	120
					757-200ER		225	201
					757-300		269
					MD-82			121	88
					MD-83		141	124	98
					MD-88			123
					MD-90			116

WIDEBODY LEASE RATES (US$000’s per month)

	NEW	5 years	10 years	20 years		NEW	5 years	10 years	20 years
		old	old	old			old	old	old
A300B4-200				91	747-200B				152
A300B4-600			149		747-400		820	652
A300B4-600R (HGW)			255		767-200				122
A310-300 (IGW)			228	114	767-300		317	282
A330-200		635			767-300ER (LGW)		420	363
A330-300 (IGW)		605	476		767-400		474
A340-200			427		777-200		562	463
A340-300 (LGW)			462		777-200ER	903	793
A340-300ER	835	717			777-300	935	783
A340-500	925
A340-600	977
					DC-10-30				122

					MD-11P		479	407

Note: As assessed at end April 2005
Source: AVAC