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Delta to buy used Boeing 777 for just $7.7 million

8년 전 제출됨

As a point of comparison, Boeing’s list price for a new 777-200ER is $277.3 million, meaning Delta is buying a used 777 at a price 97.2% lower than the value of a new 777. (atwonline.com) 기타...

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dbaker 8년 전 14

Yes, things become less valuable as they age and have lots of wear and tear on them. You can also get a >20 year old taxi for 3% of the price of the MSRP in the 1990s.

It's not surprising that you can get a 1990s 777 with ~100,000 hours on it for pennies on the dollar.

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Mark Duell 8년 전 11

Also it needs a D check and a new interior, which will run $30-40MM.

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Mark Brown 8년 전 0

Given her age, major overhauls are going to be absolutely necessary and avionics! There is a big bunch of dough needed for more than overhaul, I see complete rebuild. I don't really know how much they are going to be spending to get this aircraft back into top airworthiness but you will have, essentialy, a brand new plane for pennies on the dollars, not to even the time frame from order date to delivery date. If this is a true sound, useable airframe the airline is going to way ahead of the game in terms of time and cost. There is no double that has had top engineers crawling all over this cigar tube with note pad and calculator. Seems like they came out with some pretty good news. I am, among other things, an old car buff, old fire truck buff, basically an old anything buff. We have a solid frame and superstructure here that can be totally renewed. I would have problem flying this bird when it is back on flight status.

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lvenable 8년 전 2

Probably more like quarters on the dollar, but still a deal if the airframe is sound.

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joel wiley 8년 전 11

The fair market value of any object is the amount upon which the buyer and seller agree in the exchange. Are engines and avionics included in the price?

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chalet 8년 전 1

Sorry but you got confused with Lockheed recent pricing criteria for the last F-35 blocks, remember "$ 80 million MINUS engines" (LIMAO)

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Doug Herman 8년 전 9

With care and maintenance, old airplanes seem to live nearly forever. Look at the DC-10 fleet at FedEx and UPS. Late at night in Memphis and Louisville, you can't see the moon for all the DC-10s filling the sky.

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dc3orbust 8년 전 6

Jokes on everyone, my bet is that he bought a 1/10 scale model to have in his building's lobby.

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Mark Brown 8년 전 3

Now the secrets out. Why did you spill the beans?

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Larry Loffelmacher 8년 전 5

Anderson is as sharp as anybody in the business.....and so what if he puts $40 mil into it....he has the facilities to refurb most of it in house cheaper than most.....DL specializes in this stuff and makes billions off of it.........he's laughing all the way to the bank.

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Mike Boote 8년 전 5

I'd be interested to know if they are buying this plane with the intent to fly it, or use it for parts.

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mobilken 8년 전 3

7.7 M and another 10 to 15 M to refer from the desert?

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Jim Ries 8년 전 2

Hey... You get what you pay for it.

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joel wiley 8년 전 2

I wonder if this particular purchase is part of something else, like
http://www.fool.com/investing/general/2015/12/20/delta-and-boeing-revive-a-dead-deal.aspx?source=foo-bar&utm_campaign=article&utm_medium=feed&utm_source=yahoo&ref=yfp

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robbie robinson 8년 전 2

Great for the american worker,s. If they do this in house. It's a win win.

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ian macleod 8년 전 2

My guess is that used 777 is coming off lease from Emirates or Etihad and is no more than 5 years old.
They seem to have an appetite for brand new airplanes that is fulfilled by their government owners.
Remember also that Delta is the 3rd largest airline MRO in the world. So ALL the work will be done in house at considerably cheaper rates.

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patrick baker 8년 전 2

no one ever buys a performing asset at that type of discount, unless there are millions of dollars of renovation in the cards. Lets hold off on the headline until the repair bill is calculated and paid, and the aircraft then enters revenue service. Bet they got $48 million in it by then.

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gianni f williams 8년 전 2

Don't think this is a new tactic for them. I believe Delta had cornered the market in used L-1011s back in the day and at one point they were the worlds largest L1011 operator.

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Larry Bass 8년 전 1

Yep, back in the 80's I rode on one of those L10's from ATL to HNL - direct - and the overhead bins were shaking, rattling, & rolling ... but, it was a non-rev flight (worked for PI Commuter at the time) and an anniversary trip for my wife - so, I can't complain too loudly.

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Alden Sewell 8년 전 1

They were , the l- 10 was a great airplane for us .( acrft. Insp. Ret.) Great a/crft to work on ,except the heat x's

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Dubslow 8년 전 1

He's definitely making everyone else look the fool. I'm quite curious as to which 772E is being sold for 7.7M...

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SWEATINTHSWAMP 8년 전 8

Maybe the one that BA landed short of the LHR runway :)

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Matt Kladder 8년 전 6

Or the one sitting in LAS right now half burned. The same one BA just said will fly again.. Coincidence? I think NOT! Haha

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matt jensen 8년 전 1

Wasn't this discussed last month? Boeing claiming their 20 yr old jets are worth far more, even to the point of telling DAL they'd buy them back?

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Scott Campbell 8년 전 1

And another 40 million to update it

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Bernie20910 8년 전 1

Time to fan the conspiracy folks...

Malaysia Airlines loses (MH370) a 777 that can't be found, even after the most extensive air/sea/land hunt of the last 50 years, at least, and now suddenly Delta gets a real, pennies-on-the-dollar, bargain on a used 777?

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joel wiley 8년 전 1

Are you thinking Delta's with saltwater damage and flapperon missing?

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Bernie20910 8년 전 3

Me? No, not me. But I'm sure quite a few of the conspiracy types are.

Does it have one flaperon that looks newer than everything else?

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Otniel Ocampo 8년 전 1

Boeing 777!!!! The Volvo of the Sky!!!

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lvenable 8년 전 1

Having a tail number would end a lot of speculation.

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ian macleod 8년 전 1

indeed.

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ko25701 8년 전 1

Delta has the oldest fleet for a reason.

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Alden Sewell 8년 전 1

Yes, prime maint.

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CHRIS ROBEY 8년 전 0

Let's not forget both the engineering design and production genius that went into building that airplane...maybe more than a million people have safely travelled through all kinds of adverse WX due to the expertise of Boeing engineers. Just my perspective!

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