Jetrader - March/April 2010 - 28

appraisal Bombardier CRJ-700 John Keitz President, BK Associates, Inc. 516-365-6272 john.keitz@bkassociates.com Background The Bombardier Regional Jet Series 700 is a stretched, 70- to 78-seat variant of the 50-seat Canadair Regional Jet Series 100 and 200 aircraft and ﬁrst entered service in 1999. It is powered by two General Electric CF34-8C1 engines. There are three versions of the 700 series: the 700, 701 and 702. They are physically identical and the only difference is the number of seats they are certiﬁed for. This distinction was made to accommodate pilot scope clauses and can be amended by a paperwork change from Bombardier. In fact, no 700s have ever been sold. A still further stretch to 90 seats—the CRJ-900—entered service in 2003. It has the same fuselage cross-section as the -700 but is 12 feet longer and allows for four additional rows of seating. Two hundred forty have been ordered and 216 were in service as of October 2009. The CRJ-1000, powered by General Electric CF34-8C5A engines, will enter service this year. So far, 44 have been ordered. Basic Specs Wingspan 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 Current Fleet and Backlog by Region as of October 2009 No. of Firm Total Region Operators In-Service Orders Stored Percentage Africa/Middle East 1 2 6 0 8 3 Asia/Paciﬁc 1 2 0 0 2 <1 Europe 3 36 0 0 36 12 Latin America/ Caribbean 0 0 0 0 0 0 North America 11 237 23 0 260 85 Total 16 277 29 0 306 100 Current and Future Market Outlook: The 70- to 90-seat market, while still alive, has not been doing well, just like the larger jets. The CRJ170 is competitive with its ERJ competitors in most respects there are 306 in service or on order with 16 operators vs. 320 with 26 operators for the ERJ170 family. According to U.S. DOT data, the operating cost per seat-block hour is 20.3 cents for the ERJ vs. 20.9 cents for the CRJ. It’s hard to say the future market is much better for one or the other. However, as this is written, the bankruptcy of Mesa Airlines was just announced, and 78 aircraft will be idled. Mesa has 30 CRJ-700s. Base Values in Millions (2.5 inflation) YR.OF MFGR. 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 CMV 12.55 13.55 14.60 15.70 16.65 17.65 18.75 19.80 20.75 21.80 2010 14.75 15.95 17.15 18.35 19.55 20.75 22.00 23.20 24.40 25.65 2011 13.95 14.95 16.05 17.10 18.10 19.15 20.20 21.25 22.25 23.30 2012 13.25 14.10 15.00 15.90 16.75 17.65 18.55 19.40 20.30 21.20 2013 12.65 13.45 14.25 15.05 15.80 16.60 17.40 18.15 18.90 19.75 2014 12.05 12.80 13.55 14.25 15.00 15.75 16.50 17.25 18.00 18.75 2015 11.60 12.35 13.00 13.75 14.50 15.15 15.90 16.60 17.30 18.00 2016 11.20 11.90 12.60 13.25 14.00 14.65 15.35 15.95 16.65 17.35 2017 10.85 11.45 12.10 12.75 13.40 14.05 14.65 15.30 15.90 16.55 2018 10.40 11.00 11.55 12.15 12.75 13.40 14.00 14.55 15.10 15.75 2019 9.95 10.50 11.10 11.60 12.20 12.75 13.40 13.95 14.50 15.10 2020 9.45 10.00 10.60 11.10 11.65 12.25 12.80 13.40 14.05 14.55 2021 8.85 9.45 10.00 10.55 11.15 11.70 12.25 12.85 13.45 14.00 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. Information current as of 1/18/10. 28 The ofﬁcial publication of the International Society of Transport Aircraft Trading
Jetrader - March/April 2010

Table of Contents for the Digital Edition of Jetrader - March/April 2010
