Jetrader - November/December 2010 - 20

appraisal

Ken De Jaeger Vice President, SH&E; Senior Appraiser, ISTAT Tel: +1 212 656 9181 kdjaeger@sh-e.com

Background
The ATR 72 is a stretched development of the ATR 42, which was launched in 1986. The ATR 72 includes three main variants: -200, -500, and -600. The ATR 72-500 was introduced into service in 1997 as a derivative of the ATR 72-200 series and is most commonly powered by two Pratt & Whitney Canada PW127F turboprop engines, each generating a maximum of 2,750 SHP. The ATR 72-500 incorporates a number of improvements over its predecessor, including a new cabin interior, increased payload/range, better hot and high field performance, and a higher cruise speed (276 knots maximum). The aircraft shares a high degree of commonality with its smaller sibling, the ATR 42, including cross-crew qualification. With typical single class of 68 passengers, the aircraft has a range of 890 nm at maximum payload.

Photo taken by Erez Werber.

ATR 72-500

Appraisal Half Life Values (As of September 2010):
Year of Delivery CMV US$ MM 2010 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 17.50 16.20 15.01 13.91 12.89 11.95 11.08 10.28 9.54 8.85 8.22 7.64 7.10 6.61 6.15 BV US$ MM 2010 17.50 16.20 15.01 13.91 12.89 11.95 11.08 10.28 9.54 8.85 8.22 7.64 7.10 6.61 6.15 Future Base Values - Inflated at 2.5% per annum

2011 16.53 15.30 14.17 13.12 12.16 11.27 10.44 9.68 8.98 8.34 7.74 7.19 6.68 6.21 5.77

2012 15.60 14.44 13.37 12.38 11.46 10.62 9.84 9.12 8.46 7.85 7.28 6.76 6.27 5.83 5.42

2013 14.73 13.63 12.61 11.67 10.81 10.01 9.27 8.59 7.96 7.38 6.84 6.35 5.89 5.47 5.08

2014 13.90 12.85 11.89 11.00 10.18 9.43 8.73 8.08 7.49 6.94 6.43 5.96 5.52 5.12 4.75

2015 13.11 12.12 11.21 10.37 9.59 8.88 8.21 7.60 7.04 6.52 6.03 5.59 5.18 4.80 4.45

2016 12.36 11.43 10.56 9.77 9.03 8.35 7.73 7.15 6.61 6.12 5.66 5.24 4.85 4.49 4.15

2017 11.65 10.77 9.95 9.20 8.50 7.86 7.26 6.71 6.21 5.74 5.31 4.90 4.53 4.19 3.88

2018 10.98 10.14 9.37 8.66 8.00 7.39 6.82 6.30 5.82 5.38 4.97 4.59 4.24 3.91 3.61

2019 10.34 9.55 8.82 8.14 7.52 6.94 6.41 5.91 5.46 5.04 4.65 4.29 3.95 3.64 3.36

2020 9.74 8.99 8.29 7.65 7.06 6.51 6.01 5.54 5.11 4.71 4.34 4.00 3.68 3.39 3.12

Current and Future Market Outlook
The ATR 72-500 has enjoyed considerable sales success with 283 aircraft in active service with 55 operators worldwide and a backlog of 78 aircraft. Such success is largely due to its compelling economics in low volume, lower yield short-haul markets less than 350 nm, and in developing countries where runway conditions are restrictive. The largest fleet is based in growth significantly in the Asia Pacific where the aircraft has found success with Bangkok Airways, Cebu Pacific, Jet Airways, Kingfisher, Vietnam Airways, and others. Despite challenging economic conditions, long-term demand seems assured in a high fuel price environment as the world economy recovers. The development of freighter and other multi-role configuration also enhances its competitiveness and longer-term residual values. ATR recently launched the ATR 72-600, a new derivative with upgraded avionics and higher thrust engines, which will supplement the ATR 72-500 and ensure longer-term family viability. Competition stems only from the Bombardier DHC-8-400Q, and as demand increases from regional airlines with a relentless operating cost focus, the outlook is positive for the ATR 72-500.

1997 1996

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 September 2010.

Basic Speciﬁcations
Basic Maximum Weight Takeoff ..............................49,604 lbs (optional: 50,265 lbs) Basic Maximum Payload .........................................16,645 lbs (optional: 17,306 lbs) Basic Maximum Landing Weight ............................................................. 49,272 lbs Maximum Fuel Load ............................................................................... 11,023 lbs Basic Maximum Zero Fuel Weight ............................45,194 lbs (optional: 45,856 lbs) Basic Design Range at Maximum Payload .......................... 715 nm (optional: 890 nm) Operating Weight Empty ........................................................................ 28,550 lbs

Current Fleet & Order Status (As of January 2010) Region Asia/Pacific Europe Africa/Middle East South America North America Unknown/Undisclosed Total No. of Active Total Active Operators Fleet 22 17 12 4 0 0 55 137 79 39 28 0 0 283 % 48% 28% 14% 10% 0% 0% 100% Stored Backlog 0 2 1 0 0 0 3 40 14 17 7 0 0 78

20 The ofﬁcial publication of the International Society of Transport Aircraft Trading
Jetrader - November/December 2010

Table of Contents for the Digital Edition of Jetrader - November/December 2010
