Jetrader - May/June 2011 - 25

appraisal

Airbus A330-300HGW
Olga Razzhivina, ISTAT Senior Appraiser Ascend, a division of Airclaims Tel: 44-(1)208-897-1066

Background
The Airbus A330-300 is a 335-seat widebodied, twin-engined medium/long range airliner, offered with a choice of three engine types: the General Electric CF6-80E1, Pratt & Whitney PW4000 or Rolls-Royce Trent 700.
Top 5 A330-300 Quantity Airline Operators (In Service / On Order)
Cathay Paciﬁc 38 30 26 24 22 140

Top 5 A330-300 Operating Lessors (In Service / On Order)
ILFC AerCap GECAS AWAS Lease Int’l TOTAL

Quantity

29 16 12 11 11 79

Basic Speciﬁcations
Currently, 344 A330-300 aircraft are in passenger service MTOW 507,063lb / 230,000 kg with 44 operators; 272 are High MTOW Option 513,700lb / 233,000 kg Gross Weight. Seven aircraft MTOW Option 518,300lb / 235,000 kg (ﬁve HGW) are parked, and 178 MLW 407,900lb / 185,000 kg A330-300HGW aircraft are on MLW Option 412,300lb / 187,000 kg order with 24 customers (ﬂeet MZFW 381,400lb / 173,000 kg total 522). The in-service ﬂeet OEW 274,500lb / 124,500 kg includes 188 (165 HGW) -340s Max payload 101,200lb / 46,000 kg (RR), 88 (54 HGW) -320s (P&W), Usable Fuel 25,670 US Gallons and 68 (53 HGW) -300s (GE). Range 5,650 – 5,770nm There are 128 -340 (RR) aircraft, 17 -320 (P&W), 8 -300 (GE), and 25 aircraft with unannounced engine choice, on order.
Airbus A330-300 Fleet Distribution (In Service / On Order)

China Eastern Airlines AirAsia X Malaysia Airlines Thai Airways Int’l TOTAL

Market Outlook

Market Values have decreased (ﬁve to six percent) in Q1 2011 while lease rates for this airMiddle East craft type have increased slightly, 11% reﬂecting a strengthening lease market. Europe Asia-Pacific There are no A330-300s in 23% 56% long-term storage; out of the seven aircraft temporarily parked, six will re-enter service within the next
North America 8% Latin America & Caribbean Africa 1% 1%

two months. The strongest growth markets are in the intra-Asian routes. GECAS ordered 12 in January 2011; Iberia has ordered to replace A340s. There is commonality with other popular long-haul, twin-engine family member—A330-200, as well as system similarity with the A340s and high ﬂexibility. Airbus has planned a production rate increase to ten per month over the next two years. Currently it is outselling the competing 777-200ER, which has few additional orders. We expect the A330-300 to continue to be a major player in the long-haul market for the next 10 to 15 years, notwithstanding the eventual introduction of the newer technology 787-9 and A350900, both of which are targeted at longer-range markets but may eventually start to impinge on the A330-300 market. We expect the A350 to eventually replace the A330 on the production line late in the decade. A freighter conversion program is expected to be launched by EADS-EFW soon, as it could make a good longer-term, higher volume replacement for the A300-600. Low weight and early aircraft will have more restricted remarketability; freight conversions for medium-haul routes are a likely option.

Airbus A330-300HGW, Market & Base Values
Year of Build
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Current Market Value
$40.50m $43.00m $45.75m $48.75m $52.00m $55.00m $58.50m $62.50m $67.00m $72.00m $77.75m $84.25m $92.75m

Base Values at 2.5% annual inﬂation rate
2011 $48.37m $51.39m $54.64m $58.11m $61.82m $65.75m $69.91m $74.29m $78.90m $83.73m $89.72m $97.56m $105.81m 2012 $45.88m $48.69m $51.69m $54.91m $58.33m $61.97m $65.81m $69.84m $74.09m $78.53m $84.04m $91.28m $98.95m 2013 $43.51m $46.10m $48.89m $51.86m $55.03m $58.37m $61.91m $65.63m $69.53m $73.62m $78.68m $85.34m $92.49m 2014 $41.24m $43.65m $46.22m $48.97m $51.88m $54.98m $58.23m $61.65m $65.23m $68.97m $73.63m $79.75m $86.40m 2015 $39.09m $41.30m $43.69m $46.22m $48.91m $51.76m $54.75m $57.88m $61.17m $64.61m $68.88m $74.51m $80.68m 2016 $37.04m $39.09m $41.29m $43.62m $46.09m $48.71m $51.46m $54.34m $57.35m $60.49m $64.40m $69.57m $75.30m 2017 $35.09m $36.98m $39.00m $41.16m $43.43m $45.83m $48.36m $50.99m $53.75m $56.62m $60.20m $64.93m $70.24m 2018 $33.26m $34.99m $36.85m $38.82m $40.91m $43.13m $45.43m $47.84m $50.36m $52.98m $56.26m $60.60m $65.51m 2019 $31.51m $33.10m $34.82m $36.64m $38.55m $40.57m $42.68m $44.89m $47.19m $49.56m $52.56m $56.53m $61.08m 2020 $29.86m $31.33m $32.90m $34.57m $36.32m $38.17m $40.10m $42.11m $44.21m $46.37m $49.11m $52.73m $56.94m 2021 $28.30m $29.66m $31.09m $32.62m $34.22m $35.91m $37.67m $39.50m $41.41m $43.38m $45.87m $49.18m $53.07m

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.

Jetrader 25

©AIRBUS S.A.S. 2011 – PHOTO BY EXM COMPANY/ H. GOUSSÉ
Jetrader - May/June 2011

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