Thai Buy Sees Heavy B747-400 Discounting

March 10, 2003

The memorandum of understanding signed between troubled United Airlines and Star Alliance partner Thai Airways for the purchase of up to seven used B47-400s for a reported average unit price of under $50 million indicates that a market does exist for the largest aircraft at a realistic price.

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Mission / Aircraft Values News was created in 1992 to provide independent and informed advice regarding current and future aircraft values, and the factors that affect them, to the air transport community.AVN's core activity is the provision of expert commentary on current and future market values and lease rates. AVN seeks to interpret and analyze current events, enabling readers to more accurately anticipate future market trends. AVN expertise centers on an appreciation that aircraft are a commodity, subject to vagaries of supply and demand. AVN's subscribers comprise decision makers at financial i aft lessors and airlines.