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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.