Jetrader - March/April 2008 - 22

Bombardier CRJ-700 John Keitz, BK Associates Tel: +1 516-365-6272 appraisal BACKGROUND The Bombardier Regional Jet Series 700 ﬁ rst entered service in 1999. Powered by two GE CF34-8C1 engines, there are three versions of the 700 series—the 700, 701 and 702—the only difference is the number of seats. Basic Specs Wing Span – 76.25 Ft. Length – 106.6 Ft. Maximum Takeoff Weight – 75,000 Pounds Maximum Landing Weight – 67,000 Pounds Maximum Zero Fuel Weight – 62,300 Pounds Operating Weight Empty – 43,500 Pounds Fuel Capacity – 2,945 U.S. Gallons Range With 70 Passengers – 1,649 n.mi. Passenger Conﬁguration – 78 Seats - All Economy A 90-seat CRJ-900 entered service in 2003 with the same fuselage cross-section as the 700 but 12 feet longer and allows for four additional rows of seating. As of October 2007, 221 have been ordered and 118 were in service. Bombardier recently announced a further stretch to the CRJ series. The CRJ-1000, powered by GE CF34-8C5A engines, will enter service in 2009. So far, 23 have been ordered. Current Fleet and Backlog by Region as of October 2007 Region Africa/Middle East Asia/Paciﬁc Europe Latin America/Caribbean North America Total No. of Operators 0 3 3 0 8 14 InFirm Announced Service Orders Options Stored 0 8 36 0 214 258 0 0 0 0 10 10 0 0 0 0 30 30 0 0 0 0 0 0 Total 0 8 36 0 254 298 Percentage 0 3 12 0 85 100 Current and Future Market Outlook: When one considers the factors that usually indicate market success and retention of value such as performance characteristics, ﬂeet size and operator base, there are pluses and minuses for both the CRJ-700 and ERJ 170 families. There are 264 ERJ 170s in service or on order with 24 operators representing every continent (except Antarctica!) As the above chart shows, there are 268 CRJ-700s in service or on order with 14 operators dominated by U.S. airlines. Based on the sources we have, the purchase price for a new CRJ-700 is about $0.5 million more than the ERJ 170. Base Values in $Millions (2.5% inﬂation) Yr. of Mfgr. 2001 2002 2003 2004 2005 2006 2007 2008 CMV 16.05 17.05 18.05 19.05 20.05 21.05 22.05 23.00 2008 17.60 18.60 19.65 20.70 21.70 22.75 23.80 24.80 2009 16.95 17.90 18.80 19.70 20.60 21.55 22.50 23.35 2010 16.15 16.95 17.65 18.45 19.25 19.95 20.75 21.55 2011 15.60 16.20 16.85 17.50 18.15 18.80 19.45 20.10 2012 14.75 15.35 15.90 16.45 17.05 17.60 18.25 18.80 2013 13.90 14.50 15.05 15.60 16.20 16.75 17.30 17.95 2014 13.40 14.00 14.50 15.05 15.65 16.15 16.65 17.25 2015 13.05 13.60 14.05 14.60 15.10 15.60 16.10 16.65 2016 12.60 13.10 13.55 14.05 14.50 14.95 15.45 15.95 2017 11.90 12.35 12.85 13.25 13.70 14.15 14.65 15.10 2018 11.40 11.85 12.30 12.70 13.15 13.55 14.00 14.35 The aircraft values stated herein are the product and property of independent third party sources, and ISTAT neither approves nor endorses the information contained herein or the use thereof for any purpose whatsoever. 22 The ofﬁcial publication of the International Society of Transport Aircraft Trading
Jetrader - March/April 2008

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