The market has moved on from the period 2002-2004 when the recession failed to materially dent the values of the B737-700. With a much larger and vulnerable fleet values of the B737-700 have fallen by some 12 percent over the course of the last six months with further declines likely. The oldest -700s are now worth less than $20 million though this compares well with the original value upon delivery of slightly more than $30 million.
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