Flying Pencil: How Much Is A Boeing 757-200 Worth In 2021?

The Boeing 757-200 was far and away the most popular plane in the plane builder’s 757 series. Of…

Flying Pencil: How Much Is A Boeing 757-200 Worth In 2021?

The Boeing 757-200 was far and away the most popular plane in the plane builder’s 757 series. Of the 1,050 Boeing 757s manufactured, 913 were 757-200s. With production ending in 2004, the Boeing 757-200 numbers are thinning, but several airlines still use the type. With this in mind, exactly how much is a Boeing 757-200 worth in 2021?

United Airlines is now the second-largest operator of passenger configured Boeing 757-200s, with 51 still in the fleet. Photo: Vincenzo Pace/Simple Flying

A broad variation in price for Boeing 757-200s in 2021

There remain 250 Boeing 757-200s still with passenger airlines, although around one-third are parked. The plane remains popular in the United States. Delta Air Lines still has 111 of the type, and United Airlines has 51. Combined, these two airlines operate 162 (or 65%) of the 757-200s still flying passengers.

Measured by fleet size, other Boeing 757-200 operators are Icelandair (15 jets), Azur Air (ten),  Jet2 (eight), Royal Flight (four), SCAT Airlines (four), TUI Airways (four), Turkmenistan Airlines (four), and AZAL Azerbaijan Airlines (three).

Keep in mind the 757-200 was produced between 1981 and 2004. List prices from that era might seem like a bargain these days. In 2002, not long before production ended, Boeing was asking around US$65 million for a fresh off the production line 757-200.

Fast forward two decades, and what’s a Boeing 757-200 worth today? Simple Flying uses data from ch-aviation.com, which calculates the value of most aircraft with the help of Collateral Verifications LLC.

According to ch-aviation.com, the going rate for a Boeing 757-200 is now US$3.58 million to $11.27 million. That’s a pretty broad price range, but a range of factors will determine a final asking price on the second-hand aircraft market. Those factors include the aircraft’s airframe hours and age, engine hours, installed equipment, records and airworthiness directives, damage history, exterior presentation, and interior presentation.

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Delta is now the world’s biggest operator of Boeing 757-200 passenger planes. Photo: Vincenzo Pace/Simple Flying

A variety of factors will determine a plane’s resale value

It follows that an older Boeing 757-200 is worth less than a newer 757-200. It will invariably have flown more hours. Over the long term, any aircraft loses a certain amount from its value for every hour it flies over the fleet’s average.

Also important is who the aircraft flew with. A slightly older plane that’s been with an airline with a blue-chip reputation for maintenance could be more valuable than a 757-200 that’s been an airline with a less than stellar reputation.

Buyers are interested in how old the engine is, how many hours the engines have operated for, and how well the engines are maintained. Old workhorse airlines like the 757 can fly on and on if an airline takes care of the engines and airframe.

Any plane with up-to-date avionics and other contemporary technology will be worth more than a comparable plane lacking them. Dodgy air conditioning, aging deicing gear, and out-of-date cockpit technology can all detract from a plane’s resale value. Most good operators will have invested money in keeping older aircraft like the 757-200 up-to-date.

Buyers also like decent records, and a plane with a full set can command a price premium. Again, keeping the airworthiness certificate, engine and airframe logbooks, and flight manuals are simple procedural housekeeping for most airlines.

Among other things, complete records will reveal any incident and accident history. Like a car, an aircraft that has sustained damage is usually worth less than one that hasn’t.

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Tui Airways still flies four Boeing 757-200s. Photo: Getty Images

Freighters keep the market for 757-200s bubbling along

Finally, presentation is important. A shiny paint job and tidy cabin will always appeal more than a battered-looking plane with shabby ripped seats. The presentation may not impact on the airworthiness of the aircraft, but it certainly creates or negates a perception of value.

While the number of Boeing 757-200s flying passengers is declining, there are still ample opportunities to fly one. And the plane has a way to fly yet. As passenger airlines retire 757-200s, there is an active market among freight airlines for the type.

Just like the 757-200 ticked so many boxes for passenger airlines over the past four decades, the plane is proving a big hit among freight carriers. The demand from them is helping put a floor under the resale value of the Boeing 757-200.

Source : Simple Flying More   

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New Zealand South Island – Australia Travel Corridor Flop

The partial reopening of a quarantine-free travel corridor between New Zealand and Australia is failing to take off.…

New Zealand South Island – Australia Travel Corridor Flop

The partial reopening of a quarantine-free travel corridor between New Zealand and Australia is failing to take off. While some fully vaccinated travelers from New Zealand’s South Island can now fly to Australia and bypass quarantine on arrival, airlines are not putting on flights.

Air New Zealand isn’t putting on flights to service the quarantine-free travel corridor between New Zealand’s South Island and Australia. Photo: Getty Images

Logistical issues make flights too difficult

On October 20, Australia began allowing Australians and New Zealanders who’d been on New Zealand’s South Island for at least two weeks to return to Australia under the previous travel corridor arrangements.

That was great news for the many people stranded in New Zealand by the snap closure of the previous quarantine-free travel corridor.

Aside from the one-way nature of the partial reopening, logistical issues are keeping airlines away. Australian Government quarantine requirements are deterring Air New Zealand from operating flights from South Island airports.

“While we would love to be able to operate quarantine-free flights out of Christchurch, there are a number of operational issues for our airline,” Air New Zealand’s website says.

“The Australian Government has stated that our crew needs to have been in the South Island for the preceding 14 days before quarantine-free flying. As our main crew group is based out of Auckland, this is unfortunately not viable.”

Air New Zealand normally flies to multiple Australian cities from the South Island cities of Queenstown and Christchurch.  Qantas has a similar network footprint. But Qantas is currently also bypassing New Zealand’s South Island.

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Qantas has also elected not to fly quarantine-free flights from New Zealand’s South Island. Photo: Getty Images

Some relief on the horizon

There is some relief on the horizon. When Sydney and Melbourne Airports begin allowing quarantine-free entry for fully vaccinated travelers in November, Australian’s stuck on the South Island will be allowed to fly in via Auckland.

Air New Zealand will fly to Sydney twice a week from Auckland throughout November, increasing to six times a week in December. Qantas has not timetabled a return to any New Zealand port until mid-December.

By the end of the year, fully vaccinated New Zealanders should be able to enter Australia regardless of where they fly out from. However, this isn’t confirmed yet, and then there’s the whole matter of returning home.

New Zealand is eyeing reopening its borders early next year. The New Zealand Government has dropped its COVID-elimination strategy, preferring to get as many people vaccinated as they can. Around 70% of Kiwis are now fully vaccinated and the Government would like to get this up to 90% by the end of the year.

“I know they’ve been recalcitrant,” said Flight Centre’s CEO Graham ‘Skroo’ Turner last week. “But I think they will open up before Christmas, particularly to certain areas.

“The virus is pretty much endemic there, so there’s no reason why they couldn’t open up to fully vaccinated people.”

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Air New Zealand’s 2022 hopes rely on New Zealand meeting its vaccination targets and reopening. Photo: Getty Images

Air New Zealand & New Zealand Government in lockstep

While the partial reopening of the travel corridor is proving a bit of a dud, things are looking up for Air New Zealand’s international ops. Simple Flying has recently reported the airline is resuming its one-stop flights between Sydney and Auckland – a traditionally popular option for costs conscious travelers.

Air New Zealand is in lockstep with the New Zealand Government on vaccinations. Both are betting vaccination targets will be met. The South Island quarantine-free travel corridor flop notwithstanding, Air New Zealand’s hopes of a bumper 2022 rely on New Zealand hitting its vaccination targets and opening its borders.

Source : Simple Flying More   

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