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LAXintl
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Aircraft Values, And Lease Pricing - Spring 2013

Tue May 14, 2013 3:00 pm

Back by request, here is an update on industry aircraft valuations and market lease rates.

Below list contains estimated current market value (in USD) based on the oldest to newest airframes, along with sample monthly lease rates based also on oldest to newest airframes for many common models.

A319 – $9.5 - 35.0M, $110-270,000
A320 – $4.0 - 40.5M, $65-320,000
A321 – $16.0 - 48.0M, $165-365,000
A330-200 – $34.0 - 87.0M, $350-850,000
A340-300 – $7.0 -43.0M, $150-400,000
B737-300 – $1.7 – 5.5M, $40-80,000
B737-700 - $12.0 - 34.5M, $135-300,000
B737-800 - $15.0 - 46.0M, $190-360,000
B737-900ER - $30.0 - 48.5M, $260-390,000
B747-400 – $11.5 – 42.0M, $200-480,000
B757-200 – $5.5 – 20.0M, $100-220,000
B767-300ER – $9.5 – 61.5M, $180-470,000
B777-200ER – $40.0 – 118.0M, $450-950,000
B777-300ER – $88.0 – 162.0M, $850-1,450,000
MD-11 - $8.0 – 14.0M , $150-220,000
MD-82 - $0.5 - 1.5M, $25-45,000
CRJ200 – $1.8 - 5.9M, $35-70,000
CRJ700 – $9.6 – 22.5M, $90-210,000
CRJ900 - $12.0 – 25.0M, $120-230,000
Q400 – $9.5 – 21.0M, $120-200,000
ERJ145 – $3.0 – 8.0M, $45-85,000
EMB170 – $14.0 – 27.0M, $150-240,000
EMB190 – $20.0 – 32.0M, $180-280,000
ATR-72 – $6.4 – 19.3M, $80-190,000

Information is derived from actual transactions along with market valuations and is current as of March 2013.

The big bargain still remains the MD-80 series. You can lease your very own for the price of a car!


Sources: IBA/Ascend
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KFlyer
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RE: Aircraft Values, And Lease Pricing - Spring 2013

Tue May 14, 2013 3:45 pm

LAXIntl, very helpful - many thanks. But you seem to have forgotten to include one of the presently most in demand aircraft - A330-300. Any possibility to include same?
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Stitch
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RE: Aircraft Values, And Lease Pricing - Spring 2013

Tue May 14, 2013 4:40 pm

A330-300 Lease Rates (as of October 2012):

1994-1997 Delivery: 170,000 - 300,000 per month
1998-2002 Delivery: 260.000 - 530,000 per month
2003-2012 Delivery: 525,000 - 910,000 per month

A330-300 Values (as of July 2012):

1994 Delivery: 15.5 million
1998 Delivery: 26.5 million
2004 Delivery: 68.5 million
2008 Delivery: 85 million
2010 Delivery: 93 million
2012 Delivery: 102 million
 
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lightsaber
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RE: Aircraft Values, And Lease Pricing - Spring 2013

Tue May 14, 2013 4:46 pm

I find these threads fascinating!

Old threads for reference:

Fall 2012:
Fall 2012 Aircraft Values And Lease Pricing (by LAXintl Nov 5 2012 in Civil Aviation)?

2011
2011 Aircraft Values, And Lease Pricing (by LAXintl Aug 12 2011 in Civil Aviation)


Christmas 2010:
Aircraft Values, And Lease Pricing –Christmas 2010 (by LAXintl Dec 22 2010 in Civil Aviation)

Using values from that last thread I see A340 values have been hit hard while 77W values have recovered!   

And Barbiejet values head towards scrap...

Christmas 2010 values:
A319 - $12.55M-$30.15M, $135-275,000
A320 - $6.0M-$37.5M, $100-315,000
A321 - $20.4M-$42.2M, $195-365,000
A330-200 - $43.5M-$79.9M, $420-725,000
A340-300 - $24.0M-$61.75M - $315-615,000
A340-600 -$63.0-97.0M - $600-815,000
B737-300 - $2.5M-$7.0M - $60-100,00
B737-700 - $15.9M-$32.7M - $165-280,000
B737-800 - $20.0M-$39.5M - $235-340,000
B747-400 - $19.5M-$60.0M - $380-710,000
B757-200 - $6.0-$20.6M - $115-210,000
B767-300ER – $9.9M-56.5M - $200-500,000
B777-200ER - $48.8M-$112.5M - $580-995,000
B777-300ER - $85.2M-136.2M - $850-1,250,000
MD-11 – $11.7M-$13.1M - $190-230,000
MD-82 - $1.0M-$3.4M - $35-60,000
CRJ200 - $2.0M-$8.2M - $40-85,000
CRJ700 - $11.3M-21.8M - $120-220,000
Q400 - $8.4M-$18.0M - $110-190,000
ERJ145 - $5.2M-9.4M - $50-105,000
EMB170 – $14.6M-$22.7M - $150-225,000
EMB190 - $20.5M-$27.5M - $200-260,000
ATR-72 - $5.2M-$17.5M - $70-170,000
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RE: Aircraft Values, And Lease Pricing - Spring 2013

Tue May 14, 2013 4:57 pm

Don't see the MD90 or 717 listed, but i believe Delta is picking them up for under $2M each,. Pretty efficient comparing the list.
 
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coronado
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RE: Aircraft Values, And Lease Pricing - Spring 2013

Tue May 14, 2013 4:58 pm

Always fun to NOT see B717 and MD90's on the list and watch them ending up operating with the airline with the largest market cap in the world.
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RE: Aircraft Values, And Lease Pricing - Spring 2013

Tue May 14, 2013 6:27 pm

2013:

Quoting LAXintl (Thread starter):
MD-82 - $0.5 - 1.5M, $25-45,000

2010:

Quoting lightsaber (Reply 3):
MD-82 - $1.0M-$3.4M - $35-60,000

We're seeing the effect of all the AA 'lease rejected in bankruptcy' posts...

Seems someone can do a MD82 LCC startup dirt cheap...
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lightsaber
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RE: Aircraft Values, And Lease Pricing - Spring 2013

Tue May 14, 2013 6:47 pm

I just noted ATRs have appreciated! Good for them.

Quoting TVNWZ (Reply 4):
on't see the MD90 or 717 listed, but i believe Delta is picking them up for under $2M each,. Pretty efficient comparing the list.

DL needs capacity at low utilization. They're in a unique position to buy the used Douglas products (no other airline could bring them into the fleet as economically). But for high utilization, they are buying 738s/739s.

Quoting Revelation (Reply 6):
2013:

Quoting LAXintl (Thread starter):
MD-82 - $0.5 - 1.5M, $25-45,000

2010:

Quoting lightsaber (Reply 3):
MD-82 - $1.0M-$3.4M - $35-60,000

We're seeing the effect of all the AA 'lease rejected in bankruptcy' posts...

Seems someone can do a MD82 LCC startup dirt cheap...

Its called G4.   Actually, they are now buying A319s/A320s. I was surprised to see how well the A319 resale has held up.

Due to fuel prices, I do not see MD82s finding many homes. Now that their is a freighter option, I hope that keeps used birds going.

Quoting Stitch (Reply 2):
A330-300 Values (as of July 2012):

1994 Delivery: 15.5 million
1998 Delivery: 26.5 million
2004 Delivery: 68.5 million
2008 Delivery: 85 million
2010 Delivery: 93 million
2012 Delivery: 102 million

The value of the longer range, higher MTOW variants are apparent.

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LAXintl
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RE: Aircraft Values, And Lease Pricing - Spring 2013

Tue May 14, 2013 9:08 pm

Quoting KFlyer (Reply 1):
A330-300. Any possibility to include same?

A330-300 – $17.5 - 100.0M, $180-900,000

Quoting TVNWZ (Reply 4):
Don't see the MD90 or 717 listed, but i believe Delta is picking them up for under $2M each,. Pretty efficient comparing the list.

B717 – $6.0 - 10.0M, $75-140,000
MD-90 – $4.5 - 5.9M, $72-100,000
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RE: Aircraft Values, And Lease Pricing - Spring 2013

Wed May 15, 2013 7:10 pm

Thanks.

I can see A340 values keep dropping fast. No wonder folks like TN having trouble remarketing the aircraft.
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lightsaber
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RE: Aircraft Values, And Lease Pricing - Spring 2013

Wed May 15, 2013 7:30 pm

Quoting mercure1 (Reply 9):
I can see A340 values keep dropping fast. No wonder folks like TN having trouble remarketing the aircraft.

Older A340s are best as spare parts for the A330. With the bump in A330 and re-start of 787 deliveries, I expect A340 resale values to be hit hard. Once there are over 500 787s and A350s in service, it will be game over. Heck, the latest range improvement of the A333 will reduce demand for the A340s that little bit more...

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PanHAM
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RE: Aircraft Values, And Lease Pricing - Spring 2013

Wed May 15, 2013 8:28 pm

Quoting LAXintl (Thread starter):
A320 – $4.0 - 40.5M, $65-320,000

what is the YOM of the newest A320 on the market?
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Stitch
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RE: Aircraft Values, And Lease Pricing - Spring 2013

Wed May 15, 2013 11:12 pm

Quoting PanHAM (Reply 11):
what is the YOM of the newest A320 on the market?

My data shows $40.7 million value and $340,000 monthly rent for a 2012 delivery with a 77t MTOW, so I expect LAXintl's data is also for 2012 on the high end.
 
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LAXintl
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RE: Aircraft Values, And Lease Pricing - Spring 2013

Thu May 16, 2013 1:19 am

Yes the A340 is fast becoming yesterdays airplane. Similar to the 747-400 which continues to see its valuations drop rapidly. Even the freighter conversion seems to be virtually dead on the 744 now.
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LAXintl
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RE: Aircraft Values, And Lease Pricing - Spring 2013

Thu May 16, 2013 3:58 pm

Quoting PanHAM (Reply 11):
what is the YOM of the newest A320 on the market?

Likely an early 2013/ late 2012 transaction since the list is current to March 2013.
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RE: Aircraft Values, And Lease Pricing - Spring 2013

Thu May 16, 2013 5:49 pm

You can certainly see why the MD82 is popular with Delta and Allegiant.
 
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RE: Aircraft Values, And Lease Pricing - Spring 2013

Thu May 16, 2013 6:35 pm

Wait, so a more recent used 747-400 costs LESS than a used 737-800 ($42m vs $46m)? Did you read that, WN?????
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LAXintl
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RE: Aircraft Values, And Lease Pricing - Spring 2013

Fri May 17, 2013 3:42 pm

Simple supply/demand.

The 744 is a dying breed while 738 remains a hot commodity.
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trex8
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RE: Aircraft Values, And Lease Pricing - Spring 2013

Sat May 18, 2013 3:20 pm

Anyone have A346 numbers?? Not that there is exactly a hot market for those! Just wondering what A may be expecting to get for the ex VS ones.
 
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TVNWZ
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RE: Aircraft Values, And Lease Pricing - Spring 2013

Sat May 18, 2013 3:49 pm

Quoting LAXintl (Reply 13):

That could change quickly if the international economy improves.
 
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RE: Aircraft Values, And Lease Pricing - Spring 2013

Sat May 18, 2013 4:09 pm

Quoting LAXintl (Thread starter):
MD-11 - $8.0 – 14.0M , $150-220,000

I would assume these are freighters?
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RE: Aircraft Values, And Lease Pricing - Spring 2013

Sat May 18, 2013 7:18 pm

Quoting trex8 (Reply 18):
Anyone have A346 numbers??

In terms of value, you're looking at around $40 million for a 2002 non-HGW delivery.

Monthly rents rates run from $300,000 for a 2002 LGW model to $720,000 for IB's 2010 deliveries (if IB leased them, which I do not believe so per Airfleets.net).

EC-LEU is reported as leased from ILFC per airfleets, but it was parked before IB took it, so I expect they are not paying ~$700,000 a month for it even though it is a 2009 delivery.
 
EY460
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RE: Aircraft Values, And Lease Pricing - Spring 2013

Sun May 19, 2013 4:41 am

Thank you for the data! Very interesting. If it is not a problem, could you add some missing aircraft? (A380, A318, A345, A346, B734, B735, B736, ATR42).
 
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Stitch
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RE: Aircraft Values, And Lease Pricing - Spring 2013

Sun May 19, 2013 10:29 pm

Projected monthly rents for an A318-100 range from $120,000 for a 2003 delivery to $260,000 for a 2012 delivery. In terms of value, a 2003 delivery is worth around $10 million and a 2006 delivery is worth about $15 million.

Projected monthly rents for an A340-500 range from $290,000 for a 2002 delivery to $640,000 for a 2009 delivery. In terms of value, a 2003 LGW delivery is worth about $40 million.

Projected monthly rents for an A380-800 range from $1,350,000 for a 2006 delivery to $2,100,000 for a 2012 delivery. In terms of value, a 2007 delivery is worth about $170 million, a 2009 delivery worth about $187 million and a 2011 delivery is worth around $204 million.

We do have some specific figures for the A380-800. Airbus sold MSN003, MSN005 and MSN006 to Doric Aircraft Finance for $198.6 million each and leased for 10 years to SQ as 9V-SKA, 9V-SKB and 9V-SKC. Doric also paid $234 million for MSN077 [A6-EDP] with a 12-year lease to EK (repaid in 10 years). This does not include engines, which were leased via Commerzbank.
 
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RE: Aircraft Values, And Lease Pricing - Spring 2013

Sun May 19, 2013 10:34 pm

Quoting Revelation (Reply 6):
Seems someone can do a MD82 LCC startup dirt cheap...

Where's a critter when you need one?!
 
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RE: Aircraft Values, And Lease Pricing - Spring 2013

Mon Jun 03, 2013 2:44 pm

Quoting TVNWZ (Reply 19):
That could change quickly if the international economy improves.

The corner has turned on the 744. You would see aircraft like the 763, 772 sticking around longer before you see the 744 have a renaissance.

The type is quickly exiting the fleets of air carriers while Boeing has pretty much also given up on the BCF conversion.
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luckyone
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RE: Aircraft Values, And Lease Pricing - Spring 2013

Mon Jun 03, 2013 2:56 pm

Quoting goosebayguy (Reply 15):
You can certainly see why the MD82 is popular with Delta and Allegiant.

Delta doesn't operate MD-82's. They operate MD-88's, and haven't been acquiring any as of late.
 
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RE: Aircraft Values, And Lease Pricing - Spring 2013

Mon Jun 03, 2013 3:24 pm

Quoting Coronado (Reply 5):
Always fun to NOT see B717 and MD90's on the list and watch them ending up operating with the airline with the largest market cap in the world.

Why?
An older plane does the same job as a new plane.
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co38
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RE: Aircraft Values, And Lease Pricing - Spring 2013

Mon Jun 03, 2013 3:51 pm

How about the B736?

Does anyone know the re-sale value for the baby-boeing?
 
tcas69
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RE: Aircraft Values, And Lease Pricing - Spring 2013

Mon Jun 03, 2013 4:23 pm

Quoting trex8 (Reply 18):
Anyone have A346 numbers??

In terms of value, you're looking at around $40 million for a 2002 non-HGW delivery.

Monthly rents rates run from $300,000 for a 2002 LGW model to $720,000 for IB's 2010 deliveries (if IB leased them, which I do not believe so per Airfleets.net).
[/quote]

At HU we are using Ex Cathay 346s on short haul ( PEK-SHA) . Rumor had it the leasing rate was around $ 220.000 pm.
But hard to verify.(TIC)
 
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Stitch
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RE: Aircraft Values, And Lease Pricing - Spring 2013

Mon Jun 03, 2013 4:29 pm

Quoting CO38 (Reply 28):
How about the B736?

$6.8 million (1999 delivery) to $11.9 million (2003 delivery). Evidently some operators have upgraded to the CFM56-7B "Evolution" engine and that improves the value a fair bit.
 
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mercure1
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RE: Aircraft Values, And Lease Pricing - Spring 2013

Mon Jun 10, 2013 11:22 pm

Quoting lightsaber (Reply 10):
Older A340s are best as spare parts for the A330. With the bump in A330 and re-start of 787 deliveries, I expect A340 resale values to be hit hard. Once there are over 500 787s and A350s in service, it will be game over. Heck, the latest range improvement of the A333 will reduce demand for the A340s that little bit more...

It is interesting that Airbus essentially killed the A340 itself with improved A330 versions !

So much for the market segmentation concept between 330-340.
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Stitch
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RE: Aircraft Values, And Lease Pricing - Spring 2013

Tue Jun 11, 2013 12:16 am

Quoting mercure1 (Reply 31):
It is interesting that Airbus essentially killed the A340 itself with improved A330 versions!

So much for the market segmentation concept between 330-340.

It was a smart plan at the time, but the 777 arrived on the scene and offered better performance than the A330-300LGW and better economics than the A340-300. Airbus improved both, but the A330 had the economic advantage of being a twin and so while an A340-300 will out-lift and out-range an A330-300, unless you need those kilograms and kilometers you'll save a fair bit in liters of fuel flying the A330.
 
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LAXintl
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RE: Aircraft Values, And Lease Pricing - Spring 2013

Wed Jun 12, 2013 3:37 pm

Yes suppose the 777-300ER did the same thing at Mr. Boeing killing the attractiveness of the 747.

Even the 737-800/900 took the wind out from remaining 757s.
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SEPilot
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RE: Aircraft Values, And Lease Pricing - Spring 2013

Wed Jun 12, 2013 3:53 pm

Quoting LAXintl (Reply 33):
Even the 737-800/900 took the wind out from remaining 757s.

Actually, didn't the A321 do more to do in the 757 than the 738/9?
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LAXintl
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RE: Aircraft Values, And Lease Pricing - Spring 2013

Wed Jun 12, 2013 3:55 pm

Quoting SEPilot (Reply 34):
Actually, didn't the A321 do more to do in the 757 than the 738/9?

Sure, but we are referencing is how a manufacturers own models ends up competing and potentially killing a fellow family member. Not A vs B competition.
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SEPilot
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RE: Aircraft Values, And Lease Pricing - Spring 2013

Wed Jun 12, 2013 6:30 pm

Quoting LAXintl (Reply 35):

Sure, but we are referencing is how a manufacturers own models ends up competing and potentially killing a fellow family member. Not A vs B competition.

OK, I'll accept that. In that case the ultimate example is the 77W killing off the 748i. Ironic because the 77W came out first, and when it proved to be much better than expected it totally took the wind out of the sails of the 748i (pun intended.) I wonder if Boeing had known that the 77W would be so good if they would have passed on the 748i (yes, I know there's a thread about that.)
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mercure1
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RE: Aircraft Values, And Lease Pricing - Spring 2013

Thu Jun 27, 2013 4:53 pm

Yes I guess the 777-300ER did the same thing at Mr. Boeing killing the attractiveness of the 744/748.

On valuation question - anyone have value for older ATR42?
Air Tahiti says it will withdraw its remaining 3 -42s and focus on all -72 fleet. Newspaper say 3 used -42 will provide enough funding to purchase a new -72. Is this correct?
mercure f-wtcc
 
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LAXintl
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RE: Aircraft Values, And Lease Pricing - Spring 2013

Tue Jul 02, 2013 5:08 pm

ATR-42-500 series are valued $4.2mil-14mil depending on age, with lease rates between $60-140,000 monthly.

The -42 definitely has fallen out of favor compared to the larger -72.
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