Jet values and lease rates November 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	28.7				717-200	22.7	15.2
A319 (IGW)	36.1	27.9			727-200Adv				0.9
A320-200 (IGW)	42.8	33.7	24.7		737-200Adv				2.2
A321-200 (LGW)	46.5	37.0			737-300 (LGW)		15.0	11.9	5.9
					737-400 (LGW)		16.4	12.8
					737-500		14.1	10.4
					737-600	30.6	21.3
					737-700	36.4	28.7
					737-800	45.9	35.8
					737-900	44.2
					757-200		29.3	22.5	8.7
					757-200ER		32.7	24.8
					757-300		36.8
					MD-82			9.3	5.6
					MD-83		12.7	10.5	6.6
					MD-88			10.8
					MD-90		16.3	12.9

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				4.2	747-200B				6.7
A300B4-600			7.3		747-400		91.3	62.3
A300B4-600R (HGW)		35.7	27.9		767-200				7.6
A310-300 (IGW)			22.0	7.3	767-300		40.8	29.6
A330-200		78.7			767-300ER (LGW)		50.7	37.2
A330-300 (IGW)	92.2	71.1	49.9		767-400		60.5
A340-200			42.5		777-200		72.0
A340-300 (LGW)		76.3	55.8		777-200ER	123.5	99.1
A340-300ER	107.9	84.7			777-300	125.6	93.3
A340-500	123.5
A340-600	129.8
					DC-10-30				6.0
					DC-10-40				1.6
					MD-11P		46.8	35.3

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

	NEW	5 years	10 years	20 years		NEW	5 years	10 years	20 yea
		old	old	old			old	old	old
A318	230				717-200	205	149
A319 (IGW)	302	254			727-200Adv				41
A320-200 (IGW)	315	281	236		737-200Adv				50
A321-200 (LGW)	346	291			737-300 (LGW)		148	129	88
					737-400 (LGW)		162	139
					737-500		148	126
					737-600	201	169
					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		144	135

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				88	747-200B				142
A300B4-600			145		747-400		771	593
A300B4-600R (HGW)		270	245		767-200				113
A310-300 (IGW)			210	112	767-300		311	269
A330-200		612			767-300ER (LGW)		399	340
A330-300 (IGW)	687	580	464		767-400		553
A340-200			427		777-200		563
A340-300 (LGW)		624	485		777-200ER	871	756
A340-300ER	822	671			777-300	903	745
A340-500	878
A340-600	945				DC-10-30				122
					DC-10-40				82
					MD-11P		479	401

Note: As assessed at end October 2004
Source: AVAC