ISTAT Jetrader - Winter 2020 - 45

recovery have put significant pressure
on values resulting in the previously
mentioned decline in recent months.
Downward pressure is expected to
continue until there is some sense as
to when demand will recover.
As of mid-year, there were at
least 11 767-300ERs aircraft listed
as available for sale and/or lease

worldwide. Collateral Verifications was
also aware of 258 that are currently
stored, an increase of around 200
aircraft since the beginning of 2020
but slightly below the peak of 272
aircraft in April.
The future of the 767-300ER as a
passenger aircraft is expected to be
soft as the industry struggles with the

current crisis and uncertainty over the
timing of demand recovery. Collateral
Verifications expects both the factory
and converted freighter versions will
maintain demand for the foreseeable
future, keeping freighter values of the
type stable over most of its remaining
life and providing a floor for likely
conversion candidates.

767300ER
($MM)

Market
Lease Market
Rate
Value

Build
Year

2020

2020

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

1986

0.09

3.28

3.45

3.10

2.78

2.50

2.24

2.01

1.81

1.62

1.46

1.31

Base
Value

Future Base Values

1987

0.10

3.52

3.71

3.33

2.99

2.68

2.41

2.16

1.94

1.74

1.56

1.40

1988

0.11

3.77

3.97

3.56

3.20

2.87

2.57

2.31

2.07

1.86

1.67

1.50

1989

0.08

4.13

4.35

3.90

3.50

3.15

2.82

2.53

2.28

2.04

1.83

1.65

1990

0.09

4.50

4.73

4.25

3.81

3.42

3.07

2.76

2.48

2.22

1.99

1.79

1991

0.09

4.86

5.12

4.59

4.12

3.70

3.32

2.98

2.68

2.40

2.16

1.94

1992

0.10

5.23

5.50

4.94

4.43

3.98

3.57

3.21

2.88

2.58

2.32

2.08

1993

0.10

5.59

5.89

5.28

4.74

4.26

3.82

3.43

3.08

2.76

2.48

2.23

1994

0.11

5.96

6.27

5.63

5.05

4.53

4.07

3.65

3.28

2.94

2.64

2.37

1995

0.11

6.66

7.01

6.29

5.64

5.07

4.55

4.08

3.66

3.29

2.95

2.65

1996

0.12

7.29

7.67

6.88

6.18

5.55

4.98

4.47

4.01

3.60

3.23

2.90

1997

0.13

8.09

8.52

7.64

6.86

6.16

5.53

4.96

4.45

4.00

3.59

3.22

1998

0.14

9.27

9.76

8.76

7.86

7.06

6.34

5.69

5.11

4.58

4.11

3.69

1999

0.15

10.25

10.78

9.68

8.69

7.80

7.00

6.28

5.64

5.06

4.54

4.08

2000

0.16

11.49

12.09

10.86

9.74

8.75

7.85

7.05

6.33

5.68

5.10

4.57

2001

0.17

12.42

13.08

11.74

10.54

9.46

8.49

7.62

6.84

6.14

5.51

4.95

2002

0.18

13.53

15.55

13.96

12.53

11.25

10.10

9.06

8.13

7.30

6.55

5.88

2003

0.19

14.67

17.26

15.49

13.91

12.48

11.21

10.06

9.03

8.10

7.27

6.53

2004

0.20

16.24

19.11

17.15

15.40

13.82

12.40

11.13

9.99

8.97

8.05

7.23

2005

0.21

17.63

20.74

18.62

16.71

15.00

13.47

12.09

10.85

9.74

8.74

7.85

2006

0.22

18.20

21.42

19.22

17.25

15.49

13.90

12.48

11.20

10.05

9.02

8.10

2007

0.23

19.36

24.20

22.95

20.60

18.49

16.60

14.90

13.37

12.00

10.77

9.67

2008

0.24

21.69

27.11

25.71

24.39

21.89

19.65

17.64

15.83

14.21

12.76

11.45

2009

0.25

22.94

28.67

27.20

25.80

24.48

21.97

19.72

17.70

15.89

14.26

12.80

2010

0.26

24.34

30.43

28.87

27.38

25.97

24.64

22.12

19.85

17.82

15.99

14.36

2011

0.27

25.28

31.60

29.98

28.44

26.98

25.59

24.27

21.79

19.56

17.55

15.76

2012

0.28

26.96

35.94

34.09

32.34

30.68

29.10

27.61

26.19

23.51

21.10

18.94

2013

0.29

29.26

41.80

39.65

37.61

35.68

33.84

32.10

30.45

28.89

25.93

23.28

Notes and Assumptions:
1. E xcept for new aircraft, assume that the aircraft and all of its major components, will be in a " half time " condition per the current maintenance
program and overhaul intervals for the respective components. The values are based on a high MTOW and high engine thrust aircraft.
2. The aircraft currently hold or are capable of receiving a certificate of airworthiness from an industry recognized regulatory authority.
3. All mandatory airworthiness directives are up to date and have been complied with.
4. The aircraft are assumed to have no damage history and be in good condition. All mandatory ADs are up to date and have been complied with.
5. The future values are inflated at a rate of 2% per year.
Jetrader

* WINTER 2020 * 4 5
ISTAT Jetrader - Winter 2020

Table of Contents for the Digital Edition of ISTAT Jetrader - Winter 2020
