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B747 For $0.5m, Worth It?  
User currently offlineGF-A330 From United Kingdom, joined Apr 2001, 1644 posts, RR: 2
Posted (11 years 10 months 2 weeks 10 hours ago) and read 2254 times:

PIA Boeing 747-217B bearing registration number AP-BCO is available for sale at around US$ 0.5M. Is this a/c really worth the amount ?


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User currently offlineLindy From , joined Dec 1969, posts, RR:
Reply 1, posted (11 years 10 months 2 weeks 10 hours ago) and read 2235 times:

Are you sure that its only $500K ??? Seems too cheap for me.
Empty fuselage of B727 without anything in it cost around $300K

Rafal


User currently offlineBackfire From Germany, joined Oct 2006, 0 posts, RR: 0
Reply 2, posted (11 years 10 months 2 weeks 9 hours ago) and read 2188 times:

The Russian Buran space shuttle was kicking around at auction for $6m earlier this year.

User currently offlineIkarus From United Kingdom, joined Jan 2001, 3524 posts, RR: 2
Reply 3, posted (11 years 10 months 2 weeks 9 hours ago) and read 2170 times:

If that includes free delivery, I'll order a few. Makes for nice housing. Much more aesthetic than the student flat I currently live in....  Wink/being sarcastic

Regards

Ikarus


User currently offlineAA61hvy From United States of America, joined Nov 1999, 13977 posts, RR: 57
Reply 4, posted (11 years 10 months 2 weeks 9 hours ago) and read 2161 times:

Man if i had that much money right now, id buy it, get a new paint job and use the 747 to fly around in for fun.


Go big or go home
User currently offlineJhooper From United States of America, joined Dec 2001, 6204 posts, RR: 12
Reply 5, posted (11 years 10 months 2 weeks 9 hours ago) and read 2143 times:

The $500,000 is the cheap part. Add insurance, maintenance, storage, fuel, etc., and we're talking about more than just a small fortune Big grin


Last year 1,944 New Yorkers saw something and said something.
User currently offlineClickhappy From United States of America, joined Sep 2001, 9633 posts, RR: 68
Reply 6, posted (11 years 10 months 2 weeks 8 hours ago) and read 2131 times:
AIRLINERS.NET CREW
PHOTO SCREENER

prob. needs a C or D check.

User currently offlineB747skipper From , joined Dec 1969, posts, RR:
Reply 7, posted (11 years 10 months 2 weeks 8 hours ago) and read 2103 times:

The lowest priced 747-200 that I heard recently was about 2 million dollars... passenger aircraft... cargo airplanes go for 6+ million...
xxx
And the prices I quoted you do not require maintenance - C check...
One half million would be... a down payment...
(s) Skipper


User currently offlineB747-437B From , joined Dec 1969, posts, RR:
Reply 8, posted (11 years 10 months 2 weeks 8 hours ago) and read 2081 times:

Any word on the cycles, maintenance and incident record on the aircraft?

User currently offlineHmmmm... From Canada, joined May 1999, 2104 posts, RR: 5
Reply 9, posted (11 years 10 months 2 weeks 8 hours ago) and read 2035 times:

Sure it's worth it. That's a steal. But that doesn't mean it's cheap. I reckon it would cost half a million just to clean the plane. And I doubt the smell of curry could be totally removed no matter how hard you tried.


An optimist robs himself of the joy of being pleasantly surprised
User currently offlineSllevin From United States of America, joined Jan 2002, 3376 posts, RR: 6
Reply 10, posted (11 years 10 months 1 week 6 days 23 hours ago) and read 1829 times:

Are the engines included?

Without engines, and coming up on D check, that price is almost believeable.

Steve


User currently offlineUnited_Fan From United States of America, joined Nov 2000, 7496 posts, RR: 7
Reply 11, posted (11 years 10 months 1 week 6 days 15 hours ago) and read 1699 times:

It would be like buying an old cop car or taxi with a blown motor. Once PIA gets rid of 20+ year old plane,you know it's hosed.....


'Empathy was yesterday...Today, you're wasting my Mother-F'ing time' - Heat.
User currently offlineDelta-flyer From United States of America, joined Jul 2001, 2676 posts, RR: 6
Reply 12, posted (11 years 10 months 1 week 6 days 15 hours ago) and read 1684 times:

The value of an aircraft to an operator depends solely on its earning potential -- that is, the revenue it will produce over and above the cost to operate it. As mentioned above, the latter includes fixing it up, getting insurance, etc.

For a collector, it may be a "steal", but it's obviously not in a condition that is conducive to making a profit.

Pete


User currently offlineGoingboeing From United States of America, joined Dec 1999, 4875 posts, RR: 16
Reply 13, posted (11 years 10 months 1 week 6 days 13 hours ago) and read 1631 times:

not to be picky, but "m" in accounting usually indicates thousands. "mm" would designate millions. So $0.5m is $500. Heck, I'd pay that.

User currently offlineHmmmm... From Canada, joined May 1999, 2104 posts, RR: 5
Reply 14, posted (11 years 10 months 1 week 6 days 5 hours ago) and read 1499 times:

If you wish to operate a low-price service, like Tower Air, this old bird can make a handsome profit once airborne. The cost of getting something air worthy like this is usually but a fraction of buying newer equipment. That's why carriers like Air Transat still cling to their old L-1011s. They fly and they are paid for. They may be old, but spare parts for them and still plentiful. And I assume this plane has engines. The engines alone are worth that, just for parts. Just as scrap aluminum, there is probably about $100,000 worth in the entire fuselage and wings.

Half a million to buy it is basically like getting it for free as long as you have a few extra million for a D-check and engine maintenance. But for a widebody airliner, that's as cheap as it gets.

Or you can sell the technical parts off it, and use that money to turn it into a funky nightclub. That alone is worth half a million. A $15 cover charge and you get the money back in one year



An optimist robs himself of the joy of being pleasantly surprised
User currently offlineIMissPiedmont From United States of America, joined May 2001, 6294 posts, RR: 33
Reply 15, posted (11 years 10 months 1 week 6 days 2 hours ago) and read 1439 times:

Lindy, how many 727s would you like? I act as go between for as many as you want at half that price and still have 3 people laughing all the way to the bank. A 727 hulk goes for somewhere nearer $15,000.


Damn, this website is getting worse daily.
User currently offlineIMissPiedmont From United States of America, joined May 2001, 6294 posts, RR: 33
Reply 16, posted (11 years 10 months 1 week 6 days 2 hours ago) and read 1437 times:

Lindy, how many 727s would you like? I'll act as go between for as many as you want at half that price and still have 3 people laughing all the way to the bank. A 727 hulk goes for somewhere nearer $15,000.


Damn, this website is getting worse daily.
User currently offlineSlawko From Canada, joined May 1999, 3799 posts, RR: 9
Reply 17, posted (11 years 10 months 1 week 5 days 12 hours ago) and read 1313 times:

Probably does not include the engines, or if it does then they are probably almost timed out, which means that its worth it because all it is, is a hunk of scrap metal...


"Clive Beddoe says he favours competition, but his actions do not support that idea." Robert Milton - CEO Air Canada
User currently offlineLowfareair From , joined Dec 1969, posts, RR:
Reply 18, posted (11 years 10 months 1 week 5 days 12 hours ago) and read 1282 times:

IMissPiedmont: I'll take two Big grin

User currently offlineIMissPiedmont From United States of America, joined May 2001, 6294 posts, RR: 33
Reply 19, posted (11 years 10 months 1 week 5 days 1 hour ago) and read 1181 times:

Not 4? I have no idea what happened here. I think my keyboard stuck. Maybe my finger.

Lowfareair, send me a note and I'll set it up. As is where is though. I know, you are joking.  Smile/happy/getting dizzy But I'm not.



Damn, this website is getting worse daily.
User currently offlineAndroid From Japan, joined Jun 2002, 80 posts, RR: 0
Reply 20, posted (11 years 10 months 1 week 5 days ago) and read 1140 times:

From Aircraft value news
"At 20 years of age, even a RB211 powered B747-200B, should enjoy values
in excess of $6 million, which still represents a hefty depreciation profile.
Even prior to Sept. 11, 2001, values of such aircraft were depressed. The reason
for the rapid depreciation of the larger older widebodies lies with a much more
limited operator base, a changing market structure, increased emphasis on
streamlining the fleet, initial quantity discounts, cost of reconfiguration, and
availability of more modern equipment.
Values of the B747-400 now face a potentially similar fate. Values of the
B747-400 have already experienced a significant fall in recent years as the end
of production looms and because of a market structure that increasingly favors
smaller types.
The market for the B747-400s has also reached a certain level of
maturity. Values of -400s have therefore fallen by some 30 percent within a
period of just under two years. The problems of the industry have increased
availability and this will prove difficult to dissipate in today's market.
While there is the prospect of improvement in traffic in the coming
years, the arrival of the A380 will provide the opportunity for replacement of
the B747-400. As of 2007, the age profile of the B747-400 will not be dissimilar
to that of the beleaguered B747-200B suggesting that values of the former will
face similar difficulties that the latter now faces. "


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