ISTAT Jetrader - Summer 2023 - 47

Airbus A330-200F - ICF Values at April of Each Year
Year of
Build
2010
2011
2012
2013
2014
2015
2016
2017
Current
Market
Value
43.10
45.93
47.58
49.46
51.67
54.12
56.64
59.45
Current
Base
Value
45.37
48.35
50.09
52.07
54.38
56.97
59.62
62.58
2023
43.06
46.07
47.91
49.65
51.62
53.91
56.45
59.06
2024
40.91
43.94
45.55
47.21
49.10
50.89
53.15
55.84
2025
38.56
41.46
42.99
44.59
46.24
48.12
50.07
52.31
Future Base Values at 1.5% inflation
2026
35.86
2027
33.29
38.75
40.21
41.74
43.32
45.12
47.00
48.95
36.03
37.43
38.88
40.39
42.12
43.76
45.62
Airbus A330-200P2F - ICF Values at April of Each Year
Year of
Build
2004
2005
2006
2007
Current
Market
Value
34.14
35.35
36.56
37.69
Current
Base
Value
36.71
38.01
39.31
40.53
2023
34.68
35.99
37.49
38.78
2024
32.65
33.89
35.38
36.88
2025
30.46
Future Base Values at 1.5% inflation
2026
28.10
2027
25.75
31.62
33.02
34.50
29.08
30.37
31.75
26.67
27.87
29.14
Airbus A330-300P2F - ICF Values at April of Each Year
Year of
Build
2006
2007
2008
2009
2013
Current
Market
Value
44.18
45.44
46.89
48.24
55.80
Current
Base
Value
44.18
45.44
46.89
48.24
55.80
2023
42.48
43.68
45.07
46.37
52.92
2024
40.83
41.86
43.05
44.43
50.34
Aircraft specifications: Engines - Trent 700, MTOW - 513,677lbs
Maintenance assumptions: Half-life condition
All values in $US millions
to-consumer (BTC) shipments are
becoming an increasingly important
factor in the air cargo industry due
to the likes of Amazon and Alibaba.
E-commerce growth has slowed,
however, and was not enough to
prevent total air cargo volumes from
contracting in the last four months of
2022 on a seasonally adjusted basis.
Total volumes did see 2% sequential
growth in each of January and
February, resulting in February being
1. OEM data
2. Source: IATA Air Cargo Analysis February 2023
the first month in the last eight to see
volumes exceed 2019 levels.2
In addition to the A330-200F and
the growing number of A330P2Fs,
165 A300/A310 freighters (production
and converted) were in active service
as of March 2023. With an average
age exceeding 25 years, ICF believes
that A300/A310 future operations will
be curtailed, and they will likely be
replaced by converted A330s as they
exit the fleet. Boeing's offerings in the
medium widebody segment include
the 767-300F production freighter and
P2F versions of the 767-300ER from
both the OEM (767-300BCF) and third
parties, notably IAI (767-300BDSF).
The chart on the previous page
compares the payload-range capability
of current widebody freighters.
The highly successful 767-300
freighter has dominated the medium
widebody freighter segment - as
of March 2023, nearly 400 were in
active service - with FedEx and
UPS combined operating just over
200 units, the majority of which are
* SUMMER 2023 * 47
2025
38.81
Future Base Values at 1.5% inflation
2026
36.13
2027
33.34
39.91
40.93
42.25
47.76
37.50
38.47
39.60
44.86
34.67
35.91
36.99
42.02
2028
30.72
31.96
33.17
34.51
39.18
2029
28.37
29.43
30.55
31.85
36.60
2030
26.08
27.06
28.10
29.31
34.04
2028
23.57
24.42
25.43
26.61
2029
21.46
22.33
23.26
24.35
2030
19.58
20.30
21.24
22.16
2028
30.49
33.59
34.79
36.17
37.61
39.11
40.83
42.45
2029
27.80
30.78
32.28
33.59
34.97
36.40
37.88
39.59
2030
25.19
28.07
29.54
31.16
32.46
33.82
35.24
36.71
ISTAT Jetrader - Summer 2023

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