744 Forum

Interesting article on the current market prices of 747-400s. What parts of this article are accurate or predictive of future trends? One example - 48 of 404 747-400s are allegedly in storage - that's only about 8%...

http://www.bloomberg.com/news/2012-06-13/boeing-747-prices-tumble-as-higher-fuel-costs-end-23-year-reign.html

Excerpts:

"Prices for Boeing (BA) Co. 747-400s, the most popular wide-body plane, are tumbling as carriers rush to replace what were once their flagship aircraft with newer and more fuel-efficient models."

and

"Forty-eight of the 404 humpbacked passenger 747-400s worldwide have also been placed in storage, according to the London-based aviation consultancy, as the once “Queen of the Skies” is shunned for 777s and Airbus SAS A380s. "

and

"“There’s not a lot of demand for the 747,” said Paul Sheridan, Ascend’s Hong Kong-based head of risk analysis. “They’re mostly being broken up for parts.” "

Ouch.

Phil Bunch wrote

One example - 48 of 404 747-400s are allegedly in storage - that's only about 8%...

Certainly more than 10%

They are also trashing some 737NG aircraft, the 737-600
without and the 737-700 with winglets do not seem to be
top of class there, fuel efficiency is all that counts.

frumpy wrote

Phil Bunch wrote

One example - 48 of 404 747-400s are allegedly in storage - that's only about 8%...

Certainly more than 10%

They are also trashing some 737NG aircraft, the 737-600
without and the 737-700 with winglets do not seem to be
top of class there, fuel efficiency is all that counts.

During my increasingly distant youth, I could do quite complex arithmetic accurately in my head. Soon, I'll be counting by using my fingers and toes!

Haha ... welcome to the club, Phil !

Common guys.. I was just being a smartass.
Now you scared me!