Jetrader - November/December 2008 - 23

appraisal

Boeing 737-800
Tom Burke
Director AVMARK, Inc.
Tel: +1 703 963 7028
Photo courtesy of The Boeing Company

Background
The B737-800 is a stretched version of the -700 (19 ft, 6 m), and replaces the -400. It also ﬁlled the gap left by Boeing's discontinuation
of the McDonnell Douglas MD-80 and MD-90 after Boeing's merger with McDonnell Douglas. The -800 was launched by Hapag-Lloyd Flug
in 1994 and entered service in 1998. The B737-800 seats 162 passengers in a two-class layout or 189 in one class and competes with
the A320. For many airlines in the U.S., the B737-800 replaced aging B727-200 trijets and McDonnell Douglas MD-80 and MD-90 series
aircraft.

Technical Characteristics
Passengers - Typical two-class conﬁguration: 162
Typical one-class conﬁguration: 189
Cargo - 1,555 cu ft (44 cu m)
Engines (2) - CFMI CFM56-7: Thrust, 27,300 lb
Maximum Fuel Capacity - 6,875 U.S. gal (26,020 L)
Maximum Takeoff Weight - 174,200 lb (79,010 kg)
Maximum Range - 3,060 nautical miles (5,665 km)
Typical Cruise Speed - Mach 0.785
Interior Cabin Width - 11 ft 7 in (3.53 m)
Wingspan, [with winglets] - 112 ft 7 in (34.3 m) [117 ft 5 in (35.8 m)]
Overall Length; Height - 129 ft 6 in (39.5 m); 41 ft 2 in (12.5 m)

Current and Future Market Outlook
The current market outlook is very positive for the B737-800. It is the most popular model of Boeing's very successful 737 series,
with more than 1,100 units currently in service. At the end of August 2008 there was a delivery backlog of almost 1,500 (and growing)
aircraft, and as a result, Boeing has been able to obtain premium prices in this competitive market area, not quite achieving the
$70m-$80m list price, but better than the deep discounts endemic for this class aircraft. Additionally, Boeing offers a business jet
version, of which there is a small backlog.

Current and Future Values as of August 2008
Year of
Delivery

CMV

2008*

2009*

2010*

2011*

2012*

2013*

2014*

2015*

2016*

2017*

2018*

2008

50.00

49.00

48.47

47.10

45.64

43.81

41.86

39.78

37.86

35.82

33.66

31.99

2007

46.00

45.80

44.60

43.31

41.68

39.94

38.09

36.38

34.57

32.64

31.17

29.61

2006

43.50

42.92

41.79

40.36

38.82

37.19

35.69

34.10

32.40

31.11

29.75

28.29

2005

41.00

40.36

39.09

37.74

36.29

34.97

33.56

32.06

30.94

29.75

28.48

27.12

2004

38.50

38.12

36.92

35.64

34.48

33.24

31.92

30.95

29.91

28.80

27.61

26.59

2003

36.50

36.20

35.06

34.04

32.94

31.77

30.92

30.02

29.05

28.01

27.13

26.18

2002

35.00

34.60

33.34

32.35

31.30

30.55

29.75

28.89

27.97

27.19

26.36

25.47

2001

33.30

33.32

32.10

31.16

30.50

29.79

29.03

28.21

27.53

26.79

26.01

25.16

2000

32.40

32.36

31.18

30.60

29.97

29.29

28.56

27.96

27.31

26.61

25.86

25.06

1999

31.70

31.72

30.56

29.99

29.38

28.71

28.17

27.59

26.96

26.28

25.55

24.77

1998

31.40

31.40

30.25

29.69

29.08

28.59

28.07

27.49

26.87

26.21

25.49

24.52

*Base Values inﬂated at 2.5% per annum
CMV = Current Market Value. Future base values have been inﬂated at 2.5% per annum. The base value of an aircraft assumes its physical
condition is average for an aircraft of its type and age, and its maintenance time is at mid-time/mid-life. All values have been determined
in accord with ISTAT principles.
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 9/30/2008.
Jetrader 23
Jetrader - November/December 2008

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