Jetrader - November/December 2008 - 24

appraisal

Airbus A330-300
Anthony Brooks
Senior Analyst
Ascend London
anthony.brooks@ascendworldwide.com

Background
There are currently 244 A330-300 aircraft in service, none in storage and 133 on order. Of the delivered/on order fleet, 182 aircraft
are Rolls-Royce Trent 700-powered with 19 operators (A330-340), 96 are PW4000-powered with 13 operators (A330-320), and 71 are
General Electric CF6-80E-powered with eight operators (A330-300). 28 aircraft are yet to have the powerplant type chosen.
There are 36 airline operators with aircraft in service/on order. Cathay Pacific is the most prominent operator with 40 Trent
700-powered aircraft in service/on order. AirAsia X has 25 -300s on order and one in service; Northwest Airlines has 21 in service; and
Thai Airways International has 12 in service and eight on order.
The most prominent area of in-service/on-order A330-300s is found within the Asia/Pacific region with 223 aircraft (59 percent of
the fleet total) followed by Europe (16%/62 aircraft), the Middle East (13%/48), North America (11%/40) and Latin America/Caribbean
with four aircraft.

Market Activity since April 1, 2008
Variant
A330-300 (GE)
A330-320 (PW)
A330-340 (RR)
A330-300 (TBA)
Total

Deliveries Used Sales
2
7
9
0

Used Leases
0

Lease Returns
0

Deliveries
* China Eastern Airways took delivery of three A330-340s (RRPowered) in third quarter 2008.
* China Southern Airlines took delivery of two A330-340s (RRPowered) in third quarter 2008.
* Cathay Pacific took delivery of one A330-340 (RR-Powered)
aircraft in second quarter 2008.
* Qatar Airways took delivery of one A330-340 (GE-Powered) in
second quarter 2008.
* China Airlines took delivery of one A330-300 (GE-Powered) in
second quarter 2008.
* Lufthansa took delivery of one A330-300 (RR-Powered) in
second quarter 2008.

Net Orders Placed
* Gulf Air ordered 20 A330-300s in July (engine type to be
decided)
* Saudi Arabian Airlines ordered eight A330-300s in July (engine
type to be decided)
* Aer Lingus ordered six (GE-powered) A330-300s in April
* Lufthansa ordered two (RR-powered) A330-300s in May.

Current and Future Market Outlook
The A330-300 market remains firm with no real availability.
The type is particularly concentrated in the intra-Asian market
where it complements the Boeing 777. Singapore Airlines' decision
to take aircraft on lease from Airbus as an interim solution to
its capacity requirements again demonstrates that the type is
well suited to those markets. AirAsia X has selected the type to
develop its long-haul, low-fare services.

Net Orders Placed
6
2
28
36

We expect the A330-300 to continue as a major player, especially
in the intra-Asian market for the next 10-15 years, notwithstanding
the introduction of the newer technology B787-9 and A350-900,
both of which are targeted at the longer range markets but may start
to impinge on the A330. We expect the A350 to eventually replace
the A330 on the production line in the middle of the next decade.
A freighter conversion program is likely, as the A330-300 could
make a good longer term, higher volume replacement for the A300600, complementing the new build A330-200 freighter. EADS-EFW is
targeting the middle of the next decade as a possible launch period.

Current Market Values as of September 2008
PW4168 Powered
MTOW - 467,379 lb
Year of Manufacturer

2008 CMV

2008 Base Value

1992
2000
2008

$42.90
$58.15
$101.65

$40.10
$57.10
$97.35

Future Base Values - 2.50% Inflation
Year
2013
$29.58
$42.45
$69.53

Year
2018
$20.55
$30.90
$48.63

Year
2023
$13.40
$22.00
$33.27

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 9/30/2008.

24 The official publication of the International Society of Transport Aircraft Trading



Jetrader - November/December 2008

Table of Contents for the Digital Edition of Jetrader - November/December 2008

Jertrader - November/December 2008
A Message from the President
Contents
Calendar/News
Q%2BA: Richard Anderson
Building a Strong Foundation
Post Prague
Aircraft Appraisals
From the ISTAT Foundation
Aviation History
Jetrader - November/December 2008 - Jertrader - November/December 2008
Jetrader - November/December 2008 - Cover2
Jetrader - November/December 2008 - A Message from the President
Jetrader - November/December 2008 - 4
Jetrader - November/December 2008 - Contents
Jetrader - November/December 2008 - 6
Jetrader - November/December 2008 - Calendar/News
Jetrader - November/December 2008 - Q%2BA: Richard Anderson
Jetrader - November/December 2008 - 9
Jetrader - November/December 2008 - Building a Strong Foundation
Jetrader - November/December 2008 - 11
Jetrader - November/December 2008 - 12
Jetrader - November/December 2008 - 13
Jetrader - November/December 2008 - 14
Jetrader - November/December 2008 - 15
Jetrader - November/December 2008 - Post Prague
Jetrader - November/December 2008 - 17
Jetrader - November/December 2008 - 18
Jetrader - November/December 2008 - 19
Jetrader - November/December 2008 - 20
Jetrader - November/December 2008 - 21
Jetrader - November/December 2008 - 22
Jetrader - November/December 2008 - Aircraft Appraisals
Jetrader - November/December 2008 - 24
Jetrader - November/December 2008 - From the ISTAT Foundation
Jetrader - November/December 2008 - Aviation History
Jetrader - November/December 2008 - 27
Jetrader - November/December 2008 - 28
Jetrader - November/December 2008 - 29
Jetrader - November/December 2008 - 30
Jetrader - November/December 2008 - Cover3
Jetrader - November/December 2008 - Cover4
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