Jetrader - November/December 2008 - (Page 24)

appraisal Airbus A330-300 Anthony Brooks Senior Analyst Ascend London anthony.brooks@ascendworldwide.com Background There are currently 244 A330-300 aircraft in service, none in storage and 133 on order. Of the delivered/on order ﬂeet, 182 aircraft are Rolls-Royce Trent 700-powered with 19 operators (A330-340), 96 are PW4000-powered with 13 operators (A330-320), and 71 are General Electric CF6-80E-powered with eight operators (A330-300). 28 aircraft are yet to have the powerplant type chosen. There are 36 airline operators with aircraft in service/on order. Cathay Paciﬁc is the most prominent operator with 40 Trent 700-powered aircraft in service/on order. AirAsia X has 25 -300s on order and one in service; Northwest Airlines has 21 in service; and Thai Airways International has 12 in service and eight on order. The most prominent area of in-service/on-order A330-300s is found within the Asia/Paciﬁc region with 223 aircraft (59 percent of the ﬂeet total) followed by Europe (16%/62 aircraft), the Middle East (13%/48), North America (11%/40) and Latin America/Caribbean with four aircraft. Market Activity since April 1, 2008 Variant A330-300 (GE) A330-320 (PW) A330-340 (RR) A330-300 (TBA) Total Deliveries Used Sales 2 7 9 0 Used Leases 0 Lease Returns 0 Net Orders Placed 6 2 28 36 Deliveries • China Eastern Airways took delivery of three A330-340s (RRPowered) in third quarter 2008. • China Southern Airlines took delivery of two A330-340s (RRPowered) in third quarter 2008. • Cathay Paciﬁc took delivery of one A330-340 (RR-Powered) aircraft in second quarter 2008. • Qatar Airways took delivery of one A330-340 (GE-Powered) in second quarter 2008. • China Airlines took delivery of one A330-300 (GE-Powered) in second quarter 2008. • Lufthansa took delivery of one A330-300 (RR-Powered) in second quarter 2008. We expect the A330-300 to continue as a major player, especially in the intra-Asian market for the next 10-15 years, notwithstanding the introduction of the newer technology B787-9 and A350-900, both of which are targeted at the longer range markets but may start to impinge on the A330. We expect the A350 to eventually replace the A330 on the production line in the middle of the next decade. A freighter conversion program is likely, as the A330-300 could make a good longer term, higher volume replacement for the A300600, complementing the new build A330-200 freighter. EADS-EFW is targeting the middle of the next decade as a possible launch period. Current Market Values as of September 2008 PW4168 Powered MTOW – 467,379 lb Year of Manufacturer 2008 CMV 2008 Base Value Net Orders Placed • Gulf Air ordered 20 A330-300s in July (engine type to be decided) • Saudi Arabian Airlines ordered eight A330-300s in July (engine type to be decided) • Aer Lingus ordered six (GE-powered) A330-300s in April • Lufthansa ordered two (RR-powered) A330-300s in May. 1992 2000 2008 $42.90 $58.15 $101.65 $40.10 $57.10 $97.35 Future Base Values – 2.50% Inﬂation Year 2013 $29.58 $42.45 $69.53 Year 2018 $20.55 $30.90 $48.63 Year 2023 $13.40 $22.00 $33.27 Current and Future Market Outlook The A330-300 market remains ﬁrm with no real availability. The type is particularly concentrated in the intra-Asian market where it complements the Boeing 777. Singapore Airlines’ decision to take aircraft on lease from Airbus as an interim solution to its capacity requirements again demonstrates that the type is well suited to those markets. AirAsia X has selected the type to develop its long-haul, low-fare services. 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. 24 The ofﬁcial publication of the International Society of Transport Aircraft Trading

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Jertrader - November/December 2008 A Message from the President Contents Calendar/News Q%2BA: Richard Anderson Building a Strong Foundation Post Prague Aircraft Appraisals From the ISTAT Foundation Aviation History

Jetrader - November/December 2008

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