Jetrader - July/August 2008 - 26

appraisal Boeing B777 Freighter Angus Mackay, ISTAT Appraiser, Senior Manager, SH&E Tel: +1 617 218 2121 / email: amackay@sh-e.com Background The Boeing B777 Freighter was launched in May 2005 and is scheduled to enter service in the fourth quarter of 2008. Based upon the B777-200LR passenger aircraft, the B777 Freighter is to be exclusively powered by two General Electric GE90110B1L or, optionally, GE90115B1L engines. With a structural payload up to 226,700 lbs and a design range of 4,885 nm, the B777 Freighter will meet the London Heathrow QC2 noise standards and have performance capabilities and ton-mile economics unsurpassed by any twin-engine freighter in current service. The B777 Freighter operational design complements B747 cargo operations and the aircraft is seen by Boeing as a replacement for older B747F and MD11F freighters. Basic Dimensions Wingspan Length Tail Height 212 ft 7 in 209 ft 1 in 61 ft 9 in Basic Operating Data MTOW 766,000 lbs MLW 575,000 lbs MZFW 547,000 lbs OEW 320,300 lbs Maximum Structural Payload 226,700 lbs Maximum Fuel Capacity 47,890 USG Design Range 4,895 nm Cruise Speed 0.84 Mach Engine Conﬁguration Standard Option GE90-110BL GE90-115BL Cargo Capacities Main Deck Volume Lower Deck Volume Bulk Cargo Volume 18,301 cu ft 4,150 cu ft 600 cu ft Typical Pallet Conﬁguration Main Deck (96 in x 125 in) 27 Lower Deck (96 in x 125 in) 10 Current and Future Market Outlook The Boeing B777 Freighter with its unique extended range, payload capability and high technology efﬁciencies will have no direct competitor until the arrival late in the next decade of the proposed 90 ton Airbus A350-900F which Airbus claims will have 25-30% lower operating costs and slightly longer range at its maximum gross weight. General industry consensus is that air cargo trafﬁc will grow at an annual rate around 6% over the next 20 years and is forecast to triple by 2026. Allowing for aircraft retirements and passenger to freighter (PTF) conversions, some 630 new large freighters are likely to be delivered over the period. As the smallest large capacity widebody freighter in production from 2010, the B777 Freighter should enjoy strong demand from major airlines, integrators, ACMI operators and specialist cargo operators alike both for current ﬂeet replacement and new additions. Despite their high acquisition costs, in a high utilization, high fuel cost environment, factory built freighters are preferred for their superior reliability, speciﬁcation, lower operating costs and longer economic useful life. May 2008 Appraisal Half-Life Values Year of Delivery 2008 CMV US$ MM 2008 159.08 BV US$ MM 2008 157.5 2009 149.61 2010 142.15 2011 135.1 2012 128.44 2013 122.15 2014 116.21 2015 110.6 2016 105.3 2017 100.29 2018 95.57 Current Order Status Customer Air France China Southern Airlines Deucalion Capital VII Limited Emirates FedEx GECAS Guggenheim Aviation Partners Korean Air LAN Airlines Oak Hill Qatar Airways Total Region Europe East Asia Lessor Middle East North America Lessor Lessor East Asia South America Lessor Middle East Total Orders 5 6 8 8 15 12 6 5 2 6 5 78 % 6% 8% 10% 10% 19% 15% 8% 6% 3% 8% 6% 100% 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 6/1/2008. 26 The ofﬁcial publication of the International Society of Transport Aircraft Trading
Jetrader - July/August 2008

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