Air Partner’s Remarketing division is currently seeing high levels of narrow-body activity in the aircraft sales and leasing market, but the wide-body sector is very different.
Tony Whitty, Managing Director at Air Partner, comments on what the team is currently seeing in the market, with further details on specific wide-body models below.
“Over the last few years we have remarketed several different types of wide-body aircraft, including B747s, A340s, A330s, A350s and B777s.”
“Currently, the market is still waiting for the first used A380 aircraft transaction - which might be the transaction involving Portuguese charter airline, Hi Fly. The transition of used wide-bodies in passenger configuration continues to be very slow; unless the type can be converted to cargo, operational lives are continuing to shorten.”
“The price of fuel clearly is a significant factor as many major scheduled airlines have kept their older wide- bodies far longer than originally planned. Therefore, to a certain extent, this has meant the market is not as saturated as it might have been.”
“What the used market really needs is some of the major scheduled carriers to acquire significant fleets of wide-bodies. Those with excellent maintenance and technical capability are best placed to do this: whether this happens or not will depend a lot on how aggressive Airbus and Boeing are on the sale of their new wide-bodies, plus other factors such as the price of fuel.”
B747-400: Air Partner Rating D
B747 Freighters: Air Partner Rating C
B767-300ER: Air Partner Rating B
B777: Air Partner Rating C
A330: Air Partner Rating B
A340: Air Partner Rating C (for -300s) D (for -500s and -600s)
Air Partner’s Aircraft Remarketing division has enjoyed a successful 2017 to date, both winning and fulfilling a number of mandates. Notable transactions have included the sale and delivery of a third Kenya Airways B777-200ER aircraft to Omni Air International; the sale of two B747-400s to Jet Midwest Group on behalf of China Airlines; and the sale of two of Kenya Airways’ B737-700 aircraft, which were then leased back to the Kenya Airways for continued operation. It was also recently appointed by Saudi Arabian Airlines as its exclusive remarketing agent in respect of 15 Boeing 777-200ERs, and currently has other mandates on a variety of aircraft, including a B787, a B767, ERJ145s and ATR72s.
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