ISTAT Jetrader - Summer 2021 - 28

APPRAISAL
Boeing 737 MAX 8
Martin O'Hanrahan
ISTAT Certified Senior Appraiser
Senior Consultant
AVITAS
martin.ohanrahan@avitas.com
www.avitas.com
Photo courtesy of Boeing Capital Corp.
R
epresenting
the fourth
generation of the
manufacturer's
iconic 737, the
737 MAX family
was a further
advancement in design and technology,
featuring all-new CFM International
LEAP engines, as well as multiple
technological and performance
enhancements. In terms of sales, the
737 MAX 8 program was already a
success for Boeing prior to the first
aircraft entering commercial service
with Malindo Air in May 2017, having
won almost 3,700 orders at that point.
28 * THE OF F I C I AL PUBL I CAT I ON OF ISTAT
AVITAS believes that it could be two years before the
backlog of aircraft that are already completed, but not
yet delivered, can be placed in the hands of operators.
By early 2019, Boeing had secured
more than 4,800 firm orders for the
737 MAX family, with around 80% of
these being for the 737 MAX 8 variant.
The lengthy customer list included a
wide variety of both top tier airline
operators and prominent lessors.
However, in March 2019, the
program suffered an unprecedented
setback when aviation authorities
around the world ordered all MAX
aircraft to be grounded. This occurred
following a second fatal accident for
the type when an Ethiopian Airlines
737 MAX 8 was lost shortly after
takeoff from Addis Ababa, in similar
circumstances to the crash of a Lion
Air flight in Indonesia six months

http://www.avitas.com

ISTAT Jetrader - Summer 2021

Table of Contents for the Digital Edition of ISTAT Jetrader - Summer 2021

ISTAT Jetrader - Summer 2021
From the President
ISTAT News & Events
Perspectives: Q&A With Dean Gerber
Reunited in the Magic City
Understanding Lease-Encumbered Values
ISTAT Foundation: Supporting UN Humanitarian Air Service Efforts
Appraisal: 737 MAX 8 and DHC-8-400
At a Glance: Dezhi Zhu
From the Vault: ISTAT Latin America Forum 2017-2019
Advertiser Index
ISTAT Jetrader - Summer 2021 - Intro
ISTAT Jetrader - Summer 2021 - ISTAT Jetrader - Summer 2021
ISTAT Jetrader - Summer 2021 - Cover2
ISTAT Jetrader - Summer 2021 - 1
ISTAT Jetrader - Summer 2021 - From the President
ISTAT Jetrader - Summer 2021 - 3
ISTAT Jetrader - Summer 2021 - 4
ISTAT Jetrader - Summer 2021 - 5
ISTAT Jetrader - Summer 2021 - 6
ISTAT Jetrader - Summer 2021 - 7
ISTAT Jetrader - Summer 2021 - ISTAT News & Events
ISTAT Jetrader - Summer 2021 - 9
ISTAT Jetrader - Summer 2021 - Perspectives: Q&A With Dean Gerber
ISTAT Jetrader - Summer 2021 - 11
ISTAT Jetrader - Summer 2021 - 12
ISTAT Jetrader - Summer 2021 - 13
ISTAT Jetrader - Summer 2021 - Reunited in the Magic City
ISTAT Jetrader - Summer 2021 - 15
ISTAT Jetrader - Summer 2021 - 16
ISTAT Jetrader - Summer 2021 - 17
ISTAT Jetrader - Summer 2021 - 18
ISTAT Jetrader - Summer 2021 - 19
ISTAT Jetrader - Summer 2021 - 20
ISTAT Jetrader - Summer 2021 - 21
ISTAT Jetrader - Summer 2021 - Understanding Lease-Encumbered Values
ISTAT Jetrader - Summer 2021 - 23
ISTAT Jetrader - Summer 2021 - 24
ISTAT Jetrader - Summer 2021 - 25
ISTAT Jetrader - Summer 2021 - ISTAT Foundation: Supporting UN Humanitarian Air Service Efforts
ISTAT Jetrader - Summer 2021 - 27
ISTAT Jetrader - Summer 2021 - Appraisal: 737 MAX 8 and DHC-8-400
ISTAT Jetrader - Summer 2021 - 29
ISTAT Jetrader - Summer 2021 - 30
ISTAT Jetrader - Summer 2021 - 31
ISTAT Jetrader - Summer 2021 - At a Glance: Dezhi Zhu
ISTAT Jetrader - Summer 2021 - 33
ISTAT Jetrader - Summer 2021 - From the Vault: ISTAT Latin America Forum 2017-2019
ISTAT Jetrader - Summer 2021 - 35
ISTAT Jetrader - Summer 2021 - Advertiser Index
ISTAT Jetrader - Summer 2021 - Cover3
ISTAT Jetrader - Summer 2021 - Cover4
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