Jet values and lease rates May 2009

The following tables reflect the current values (not “fair market”) and lease rates for narrowbody and widebody jets. Figures are provided by The Aircraft Value Analysis Company (contact details opposite) and are not based exclusively on recent market transactions, but more reflect AVAC’s opinion of the worth of the aircraft.

These figures are not solely based on market averages. In assessing current values, AVAC bases its calculations on many factors such as number of type in service, number on order and backlog, projected life span, build standard, specification etc. Lease rates are calculated independently of values and are all market based.

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	26.7	17.8			717-200		11.2	8.4
A319 (IGW)	34.4	28.2	21.9		737-300 (LGW)			8.4	4.8
A320-200 (IGW)	41.1	33.4	25.7	10.2	737-400 (LGW)			8.3	5.0
A321-200 (LGW)	44.9	35.8	26.7		737-500 (LGW)			7.4
					737-600		19.8	13.0
					737-700 (LGW)	34.7	28.6	22.5
					737-800 (LGW)	44.0	35.8	27.6
					737-900ER	48.2
					757-200		21.3*	19.0	11.1
					757-200ER		22.2*	19.5	11.1
					757-300		27.9**	22.4
					MD-82			3.4	2.2
					MD-83			4.4	2.8
					MD-88			4.2	2.7
					MD-90			6.2

WIDEBODY VALUES (US$m)

	NEW	5 years	10 years	20 years		NEW	5 years	10 years	20 years
		old	old	old			old	old	old
A300B4-600				5.1	747-400		76.6	58.4	24.0
A300B4-600R (HGW)			18.6	9.4	767-200				4.8
A310-300 (IGW)				6.9	767-300			22.0	10.3
A330-200			57.1		767-300ER (LGW)			35.6	17.2
A330-300 (IGW)		63.6	46.8		767-400		42.7**
A340-200			31.6		777-200		58.9	45.5
A340-300 (LGW)		61.4**	45.1		777-200ER	115.9	94.2	72.6
A340-300ER		66.7**	52.8		777-300		86.6	58.7
A340-500 (IGW)		78.7			787-800	107.5
A340-600 IGW)		79.8
A380-800	193.6				MD-11P			30.8

Source: AVAC.
Note: As assessed at end-April 2009; mid-range values for all types. * = 2002 year of manufacture; ** = 2003 year of manufacture

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	239	174			717-200		147	118
A319 (IGW)	319	272	227		737-300 (LGW)			128	90
A320-200 (IGW)	333	304	260	150	737-400 (LGW)			125	93
A321-200 (LGW)	381	322	268		737-500 (LGW)			113
					737-600		168	132
					737-700	315	267	223
					737-800	354	305	269
					737-900ER	404
					757-200		201*	194	163
					757-200ER		253*	201	162
					757-300		269**	216
					MD-82			89	69
					MD-83			96	73
					MD-88			96	73
					MD-90			99

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
A300B4-600				100	747-400		671	575	360
A300B4-600R (HGW)			190	139	767-200				112
A310-300 (IGW)				122	767-300			232	164
A330-200			580		767-300ER (LGW)			387	306
A330-300 (IGW)		619	507		767-400		453**
A340-200		436			777-200		548	473
A340-300 (LGW)		686**	563		777-200ER	932	805	700
A340-300ER		722**	607		777-300		829	638
A340-500 (IGW)		832			787-800	845
A340-600 (IGW)		795
A380-800	1,660				MD-11P			317

Source: AVAC.
Note: As assessed at end-April 2009; mid-range values for all types. * = 2002 year of manufacture; ** = 2003 year of manufacture