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Jet Values and
Lease Rates Oct/Nov 2020 Download PDF

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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 (see following page for contact details) and are not based exclusively on recent market transactions but more generally reflect AVAC’s opinion of the worth of the aircraft. 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.

Values have been hit massively by the Covid-19 crisis. New and five year old narrow body jets on average are some 22% down on the values at this time last year and lease rates for new narrowbodies lower by 30-40%. Widebody values on average have fallen by nearer 30%, with their lease rates down by 40%: the larger the plane the bigger the fall, and the A380 is valued at two fifths of the price it might have had in 2019.

JET VALUES ($m)
Years old Years old
New 5 10 20 New 5 10 20
Regional  
Emb 175 † 18.9 14.8 S100-95 12.9 9.3
Emb195 E2 27.5
 
Narrowbody A220-100 26.3 21.1 717-200 3.1
A220-300 29.1 24.3 737-300 § 1.0
A319 § 25.9 19.2 12.6 737-400 § 2.0
A319neo 29.8 737-500 § 1.0
A320-200 § 32.5 25.0 17.5 7.9 737-600 § 2.6
A320neo 42.3 32.2 737-700 § 20.7 11.4 6.3
A321-200 35.1 27.5 19.0 737-800 33.1 26.0 14.8§ 8.3§
A321neo 47.6 41.3 737 MAX 7 30.5
A321neo LR 49.2 737 MAX 8 42.4
737 MAX 9 41.7
737 MAX 10 44.3
757-200 ∞ 5.0
Widebody A330-200 47.8 37.3 26.8 747-400 ∞ 4.3
A330-300 55.8 43.7 747-8I 45.8 31.3
A330-900neo 76.2 767-300ER § 16.2 9.8
A340-300 ER ∞ 5.7 777-300ER 92.3 79.7
A350-900 110.5 80.2 777-8 92.8
A350-1000 122.2 777-9 149.0
A380-800 72.8 55.6 38.4 787-8 78 58.4 38.7
787-9 107.7 79.1
787-10 112
Source: AVAC. Notes: As at end October 2020, lease rates assessed separately from values.  Second hand values may refer to 4-6 years old rather than exactly 5 years old, etc. † = Enhanced,  § = HGW, ∞ = for conversion
JET LEASE RATES ($’000s/month)
Years old Years old
New 5 10 20 New 5 10 20
Regional  
Emb 175 † 123 115 S100-95 91 88
Emb195 E2 219
   
Narrowbody A220-100 178 155 717-200 § 46
A220-300 218 189 737-300 § 46
A319 § 178 144 112 737-400 § 48
A319neo 219 737-500 § 40
A320-200 § 208 177 144 114 737-600 § 40
A320neo 256 209 737-700 § 163 105 72
A321-200 236 194 157 737-800 215 183 131§ 115§
A321neo 302 285 737 MAX 7 225
A321neo LR 314 737 MAX 8 248
737 MAX 9 244
737 MAX 10 259
757-200
Widebody A330-200 372 311 239 747-8I 331 276
A330-300 420 380 767-300ER § 162 144
A330-900neo 571 777-300ER 828 757
A340-300 ER 777-8 832
A350-900 789 620 777-9 1,175
A350-1000 947 787-8 525 438 360
A380-800 494 393 294 787-9 724 598
787-10 846
Source: AVAC. Notes: As at end October 2020, lease rates assessed separately from values. Second hand values may refer to 4-6 years old rather than exactly 5 years old, etc. † = Enhanced,  § = HGW
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