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Thursday, April 29, 2010

JAL sold 9 747-400's for...

In case you have missed the press release from yesterday, Japan Airlines (JAL) will retire its entire 747-400 and A300-600 fleet by the end of this fiscal year. JAL has started the process of finding buyers for its plane a while back. And it has sold 9 of the 744's already. Any guess for how much JAL got from these?

According to Transaero Airlines' press release, it has successfully acquired 9 744's from JAL. The 744's will replace Transaero's 747-200's and 747-300's and will be used mainly on international flights. At the same time, they have acquired 5 777's from SQ. The first delivery of these aircraft is scheduled in May.

So how much JAL got from the 744's? The official press release didn't mention the financial details. BUT I found it somewhere else :) According to ATW Daily News, Transaero's spokesperson confirmed the deal is worth $252 million (I am assuming USD here...), so an average of $28M per 744. The listed price of a brand new 744 in 2008 was $234.0-266.5M...I guess 28M is not bad for these old birds.

JAL still have a huge 744 fleet to sell. JAL has 33 to sell, so there could be as much as 24 left (no sure if JAL has sold any other 744's). Anyone interested?

Similar Posts:
Outline of JAL's cuts from Bloomberg
JAL wants to sell off 49 old planes ahead of schedule (Updated)
Official JAL Press Release: List of domestic route changes/suspensions
Official Press released from JAL: List of route International route suspensions/frequency/capacity reductions/new routes

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