I thought this was an interesting article from over the weekend that I didn't see posted here yet. It looks like fairly accurate reporting (for once!) about the state of the used aircraft market, and the trouble airlines that have sat out the recent round of orders will face if they attempt to expand.
New life for older airplanes
Shortage of wide-body jets raising values, driving up price for leasing
By Julie Johnsson
Tribune staff reporter
Published December 3, 2006
The Boeing 767, America's 25-year-old workhorse plane, was supposed to be obsolete, headed for a dusty desert parking space, otherwise known as aviation's scrap heap.
But a global shortage of wide-body aircraft, and the recent production and design problems involving two yet to be launched Airbus wide-bodies, has turned the hulking 767 and other old models into hot commodities, even as Chicago-based Boeing Co. mulls shutting down its 767 production line.
Lease rates paid by airlines for some used 767s have more than doubled, to about $550,000 per month, and there isn't a single plane in the 767-300 series available for rent worldwide, according to Back Aviation Solutions, which tracks the global aircraft market.
"If you had this real firm desire to lease a 767 tomorrow, your chances are very slim," said Joe Ozimek, managing director of asset management with Boeing Capital Corp., the aircraft manufacturer's financing arm.
It's not just the 767. Boeing's venerable 747 jumbo jets and Airbus' popular A330 aircraft are also in high demand as airlines aim to boost international routes. And the Boeing 777, the aircraft of choice for many international carriers? Forget about it.
N471WN From United States of America, joined Dec 2003, 1182 posts, RR: 1 Reply 1, posted (6 years 5 months 2 weeks 4 days 18 hours ago) and read 1390 times:
Thanks for this article!! Sadly one 777 and possibly another are headed to the scrap heap and we have also lost several early 767's as well to the butchers.....I know that it is the longer range aircraft models that are in the most demand but scrapping any 777 in today's environment leads me to believe that indeed the parts are worth more than the airplane.....
N471WN From United States of America, joined Dec 2003, 1182 posts, RR: 1 Reply 4, posted (6 years 5 months 2 weeks 4 days 18 hours ago) and read 1299 times:
Please see the prior post on "Early 777-200 to be scrapped"....I just found it by using the key word search but do not know how to bring it over to this forum but it is there---it flew for Varig and one source said it would be broken up in Greenwood, Mississippi but the aerotransport.org-events monitor said it would be broken up in Walnut Ridge, Arkansas
Paulie3323 From United States of America, joined Nov 2006, 16 posts, RR: 0 Reply 5, posted (6 years 5 months 2 weeks 4 days 17 hours ago) and read 1223 times:
With regard to an earlier thread about Airbus's chairman insulting the 747 by calling it a "Ford Edsel", when combined with this fantastic shortage of wide-body aircraft, is it conceivable that even though the capacity defference between the A380 and the 747 is so small, they could in the near future fill the needs for two fully separate categories of aircraft?
Given the tight economics that surround efficient operation of aircraft, could the boom in international air travel not differentiate some routes that would be more economically suited to 747s and some more suited to the A380?