Jetrader - May/June 2012 - (Page 19)

appraisal ATR 72-600 Rikard de Jounge Senior Director – Asset Valuation AVITAS, Inc. Tel: +1 703-480-0568 rikard.dejounge@avitas.com Background The ATR 72-200 first entered service in 1989 as a 15-foot stretch of its smaller sibling, the ATR 42. The initial variant was succeeded in 1992 by the ATR 72-210 and in 1997 by the ATR 72-500. In 2007, ATR announced the launch of the latest generation ATR 72. The ATR 72-600 series aircraft, powered by the PW127M engines, has a new interior cabin with larger overhead bins, lighter and slimmer seats, LED lighting, and a five LCD screen glass cockpit. The ATR 72 backlog has grown consistently during the past 10 years, and the remaining backlog of 32 -500 series aircraft are manufactured alongside the -600 series with a current backlog of 193 aircraft. The success of the program can be seen in its wide operator base in all major regions, which is comparable to the A320 family. ATR offers four passenger-tofreighter conversion options; approximately 45 of first generation ATR 72s are currently deployed as freighters. ATR 72-600 Aircraft Specifications Wing Span Length MTOW (000 lbs) Capacity Range-70 Pax, LRC (nm) Cruise Speed (kts) Engine Source: ATR ATR 72 Regional Distribution Region Africa/Middle East Asia/Pacific Europe Latin America/Caribbean North America TOTAL Source: OAG Aviation, Jan 2012 Oper. 19 33 39 8 5 104 InSvc. 58 179 194 42 58 531 Firm Ord. 11 85 64 40 25 225 88 ft 9 in 89 ft 2 in 50.3 to 50.7 68 to 74 Pax 825 276 PW127M Source: OAG Aviation Market Outlook As a result of continuous increases in fuel costs, turboprops are again back in favor and ATR has successfully secured a formidable order book of 225 aircraft due to the attractive operating economics of the ATR 72-600. According to ATR, 30 percent of all passengers flown fly less than 300nm. No aircraft serve these missions more cost effectively than a turboprop, and the ATR 72-600 is currently the primary contender. Its only competitor is the Bombardier Q400, a faster and slightly larger aircraft, which has a backlog of 20 aircraft. As of March 2012, OAG Aviation advertises nine ATR 72s as available for sale or lease compared to less than a handful of aircraft available on the secondhand market in all of 2011. The financial troubles of Kingfisher, with 25 aircraft in service may result in a short-term oversupply. In reaching our value opinions, we use data on actual market transactions, various analytical techniques, a proprietary forecasting model and our own extensive industry experience. ATR 72-600 2nd Qtr of Mfr, US$ Millions YOM 2011 2012 Current Market Value $ 17.3 18.8 Base Value 2012 $ 17.1 18.8 Future Base Values as of 2nd Quarter @ 1.50% Inflation 2013 $ 15.7 17.3 2014 $ 14.5 16.0 2015 $ 13.5 14.7 2016 $ 12.4 13.7 2017 $ 11.6 12.6 2018 $ 10.8 11.8 2019 $ 10.0 10.9 2020 $ 9.3 10.2 2021 $ 8.7 9.4 2022 $ 8.1 8.8 The aircraft values stated herein are the product and the property of independent third-party sources, and ISTAT neither approves nor endorses the information contained herein or the use thereof for any purpose whatsoever. Jetrader 19 http://www.naylornetwork.com/ist-nxt/

Table of Contents for the Digital Edition of Jetrader - May/June 2012

A Message from the President
Calendar/News
Q&A: Nicholas E. Calio, Airlines for America
Forecast at ISTAT Americas 2012 Beckons Bright Year Ahead
Fans, Financiers Fancy the Dreamliner on its ‘Dream Tour’
What’s Ahead for the Freighter Conversion Market?
Aircraft Appraisals
The International Appraiser’s Program
Remembering Bill Bath
Advertiser.com/Advertiser Index

Jetrader - May/June 2012

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