Jetrader - January/February 2010 - 20

appraisal Boeing 737-700 Ken De Jaeger Vice President, SH&E 212.656.9181 / kdejaeger@sh-e.com Background Launched in 1991, the Boeing 737 Next Generation (NG) series comprises four variants, the B737-600, -700, -800 and -900. A midsized and initial model within the range, the B737-700 was first delivered to Southwest Airlines in December 1997 and competes most directly with the Airbus A319-100. Succeeding the -300, the -700 incorporated a new larger wing with increased fuel capacity and Basic Specifications optional winglets, upgraded flight deck avionics and aircraft Maximum Zero Fuel systems, and new CFM56-7B series engines. The -700 has a maxiBasic Dimensions Weight 120,500 lbs mum takeoff weight (MTOW) ranging from 133,000 lb to 154,500 Wingspan 112 ft 7 in Operating Weight Empty 83,790 lbs lb, and typically accommodates 126 in a two-class layout and up Length 110 ft 4 in Maximum Fuel to 149 passengers in a one-class configuration. The aircraft has a Height 41 ft 2 in Capacity 6,875 U.S. Gallons standard design range between 1,585–3,300 nautical miles (nm). Design Range 1,585–3,300 nm The -700 is also produced in a convertible version with a large Basic Operating Data Lower Deck Volume 996 cu ft cargo door ordered by the U.S. Navy as the C40A Clipper and in MTOW Maximum Structural an extended-range -700ER configuration combining the fuselage Standard (CFM56-7B24) 133,000 lbs Payload 36,710 lbs of the B737-700 and wings and landing gear of the -800 in fulfillOption (CFM56-7B27) 154,500 lbs Long Range Cruise ment of an order by All Nippon Airways (ANA). The -700ER has Maximum Landing Speed 0.78 Mach similar specifications as the Boeing Business Jet (BBJ). Weight 128,000 lbs Current Order Status (as of September 2009) Region Europe/CIS Asia/Pacific North America Africa/Middle East Latin America/ Caribbean Undisclosed Total 151 1,112 100% Number of Operators 38 31 40 28 14 Total Fleet 146 212 575 68 111 % 13% 19% 52% 6% 10% Backlog 45 60 305 68 11 54 543 29 Stored 11 3 12 2 1 Current and Future Market Outlook Despite the continuing economic recession, the B737700 backlog shows a healthy market demand with current availability for sale or lease at only five aircraft. Although some fleet concentration is evident in the United States, and lessors account for more than 30% of the current order backlog; given the depth of the operator base, its broad global distribution, an average fleet age of six years and with little prospect of new-technology replacement within ten years; values and lease rates can be expected to remain stable in the medium term, particularly when traffic returns. Current market lease rates appear to lie in a band between $195,000–290,000 per month according to aircraft vintage and configuration. Appraisal Half-Life Values (As of November 2009) Year Of Delivery CMV US$ MM BV US$ MM 2010 39.00 36.23 33.70 31.39 29.27 27.34 25.57 23.96 22.49 21.14 37.42 34.76 32.33 30.10 28.07 26.61 24.52 22.97 21.55 20.25 2011 35.46 32.94 30.64 28.53 26.61 24.85 23.24 21.77 20.43 19.20 2012 33.60 31.21 29.03 27.04 25.22 23.55 22.03 20.64 19.37 18.21 Future Base Values - Inflated at 2.5% per annum 2013 31.84 29.58 27.52 25.63 23.91 22.33 20.89 19.58 18.37 17.28 2014 30.18 28.04 26.08 24.30 22.66 21.17 19.81 18.56 17.43 16.39 2015 28.60 26.57 24.72 23.03 21.49 20.08 18.79 17.61 16.53 15.55 2016 27.11 25.19 23.44 21.84 20.38 19.04 17.82 16.70 15.69 14.76 2017 25.70 23.88 22.22 20.71 19.32 18.06 16.90 15.85 14.89 14.01 2018 24.36 22.64 21.07 19.64 18.33 17.13 16.04 15.04 14.13 13.30 2019 23.10 21.47 19.99 18.63 17.39 16.26 15.22 14.28 13.41 12.62 2009 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 37.53 34.85 32.41 30.18 28.14 26.28 24.57 23.02 21.59 20.29 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 11/15/09. 20 The official publication of the International Society of Transport Aircraft Trading

Jetrader - January/February 2010

Table of Contents for the Digital Edition of Jetrader - January/February 2010

Jetrader - January/February 2010
A Message from the President
Contents
Calendar/News
Q&A: Randy Tinseth
Thinking Global
Dateline: Dubrovnik
Aircraft Appraisals
Aviation History
From the ISTAT Foundation
Advertiser Index
Jetrader - January/February 2010 - Jetrader - January/February 2010
Jetrader - January/February 2010 - Cover2
Jetrader - January/February 2010 - A Message from the President
Jetrader - January/February 2010 - 4
Jetrader - January/February 2010 - Contents
Jetrader - January/February 2010 - 6
Jetrader - January/February 2010 - Calendar/News
Jetrader - January/February 2010 - Q&A: Randy Tinseth
Jetrader - January/February 2010 - 9
Jetrader - January/February 2010 - 10
Jetrader - January/February 2010 - 11
Jetrader - January/February 2010 - Thinking Global
Jetrader - January/February 2010 - 13
Jetrader - January/February 2010 - 14
Jetrader - January/February 2010 - Dateline: Dubrovnik
Jetrader - January/February 2010 - 16
Jetrader - January/February 2010 - 17
Jetrader - January/February 2010 - Aircraft Appraisals
Jetrader - January/February 2010 - 19
Jetrader - January/February 2010 - 20
Jetrader - January/February 2010 - Aviation History
Jetrader - January/February 2010 - 22
Jetrader - January/February 2010 - Advertiser Index
Jetrader - January/February 2010 - Cover4
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