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Why Boeing Is Buying Up Older 747sBoeing (BA) is acquiring previous versions of the 747 from airlines ordering its new, tough-to-sell 747-8. Of the 19 older 747s that have changed hands so far this year, Boeing has snapped up seven, according to data compiled by Ascend Online Fleets. (www.businessweek.com) More...
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This is a smart move. Boeing helps the financials of potential buyers by showing on paper a higher trade in price to help balance their books. It is really just an additional discount on the -8. Boeing also helps buyers to consider a -8 that were looking at a 744 for conversion to cargo because there is less product available. This pushes the used gear up in price too. Boeing will show a profit on the used aircraft by parting them out and making spares at lower salvage/rehab prices rather than new production of spare parts for the flying 744 world.
Old cheaper airliners would probably be more in demand if the US didn't finance new Boeings for every Tom, Dick, and Harry worldwide. Kinda like Fannie and Freddie. Why buy cheap planes when you can just as easily sign up for expensive ones. Lol
If the price of gasoline had not spiked $3 a gallon almost overnight...
I'll take a 747 BBJ please... thanks.
U R not alone buddy !
They did it with 727's when they got cheap enough.