Jetrader - July/August 2010 - 22

appraisal

Airbus A330-200
Tom Burke mba | morten beyer & agnew Tel: 703-276-3200 tburke@mba.aero

Background
The A330-200 is one of the ﬁve variants of the Airbus A330/A340 family. Launched in June 1987, the family is essentially the same aircraft adapted for seating capacity and stage length. They have extensive cockpit commonality, as well as the same cabin and cargo compartments, and a signiﬁcant proportion of their spare parts are common. The twin engine A330-300 was designed with ﬂexibility for a wide variety of route structures, typically seating 295 passengers in three-class conﬁguration for ﬂights of up to 5,500 nm (10,200 km). It ﬁrst entered service in 1994. The A330-200, launched in November 1995 and entered service in 1998, has a longer

range of up to 6,450 nm (12,000 km) and typically seats 253 passengers.

Current Market

The A330 has been very competitive in the medium-to-long range market since entering service in 1993. Initially the larger -300 was very popular, however the longer range -200 has deﬁnitely taken the spotlight as carriers developed more longrange, point-to-point routes. As shown in the table to the left, the A330-200 enjoys a solid worldwide customer base with 339 aircraft active for 61 operators. The aircraft is offered with three different engine types, with the Trent 700 series being the most prevalent. For the appraisal of a particular aircraft, engine type is a point of A330-200 Aircraft by Region signiﬁcance. The A330 competes directly with the Boeing 767 and Region No. Operators No. Aircraft 777 in the current market. There North America 3 17 are no other signiﬁcant appraisal 4 21 South America points for maximum take-off, landing, or payload weight for the Europe 24 104 A330-200. Africa 4 15 Middle East C.I.S. Asia Pacific Rim Year Mfr 7 1 4 14 Current Market Price 2010 1998 2000 2002 2004 2006 2008 2010 42.30 47.40 53.10 59.50 66.87 76.07 93.00 2010 47.00 52.66 59.01 66.11 74.08 83.00 93.00 2012 40.84 46.20 52.27 59.12 66.88 75.66 85.59 2014 35.15 40.15 45.85 52.37 59.81 68.13 78.02 78 5 23 76

which will tend to keep both aircraft and engine values strong. Also, the A330-200F made its ﬁrst ﬂight November 2009 with ﬁrst deliveries set for summer 2010. It will be capable of carrying a 141,000 lb (64 tonne) payload over a range of 4,250 nm, which makes it a formidable competitor to the 767-300F. The A330-200 is also the basis for the Multi-Role Tanker Transport (MRTT) that is competing to replace up to 159 KC-135 tankers of the United States Air Force. The future for the A330 series is very bright, and future values should hold very well in the marketplace.

Values
The Current Market Price and Base Value for years out to 2020 are shown in the table below. These values assume an aircraft in mid-time/mid-life status, in good overall condition, in standard airline conﬁguration, and speciﬁcations most common for this type aircraft. Forecast values are shown in (then) current year millions of dollars at an assumed inﬂation rate of 2.0 percent compounded annually. Our value opinions are derived from extensive interaction with the industry, knowledge of actual market transactions, comparisons and contrasts among similar aircraft models, and various analytical and forecasting techniques.

Future Market Outlook
There is currently an order backlog of more than 150 A330 type aircraft. This will keep the production line open for several years, Base Values

2016 29.97 34.56 39.85 45.95 52.98 61.09 70.44

2018 25.31 29.46 34.30 39.93 46.48 54.11 63.00

2020 21.17 24.88 29.24 34.37 40.39 47.48 55.80

Source: mba Future Aircraft Values 2010-2030. 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 June 2010. 22 The ofﬁcial publication of the International Society of Transport Aircraft Trading

Jetrader - July/August 2010

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