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Delta to buy used Boeing 777 for just $7.7 million

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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) Más...

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dbaker
Daniel Baker 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.
mduell
Mark Duell 11
Also it needs a D check and a new interior, which will run $30-40MM.
m1hound
Mark Brown 0
Given her age, major overhauls are going to be absolutely necessary and avionics! There is a big bunch of dough needed for more than overhaul, I see complete rebuild. I don't really know how much they are going to be spending to get this aircraft back into top airworthiness but you will have, essentialy, a brand new plane for pennies on the dollars, not to even the time frame from order date to delivery date. If this is a true sound, useable airframe the airline is going to way ahead of the game in terms of time and cost. There is no double that has had top engineers crawling all over this cigar tube with note pad and calculator. Seems like they came out with some pretty good news. I am, among other things, an old car buff, old fire truck buff, basically an old anything buff. We have a solid frame and superstructure here that can be totally renewed. I would have problem flying this bird when it is back on flight status.
lvenable
lvenable 2
Probably more like quarters on the dollar, but still a deal if the airframe is sound.
joelwiley
joel wiley 10
The fair market value of any object is the amount upon which the buyer and seller agree in the exchange. Are engines and avionics included in the price?
chalet
chalet 1
Sorry but you got confused with Lockheed recent pricing criteria for the last F-35 blocks, remember "$ 80 million MINUS engines" (LIMAO)
dherman
Doug Herman 8
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.
vulcancruiser
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.
dc3orbust
dc3orbust 5
Jokes on everyone, my bet is that he bought a 1/10 scale model to have in his building's lobby.
m1hound
Mark Brown 2
Now the secrets out. Why did you spill the beans?
n914wa
Mike Boote 5
I'd be interested to know if they are buying this plane with the intent to fly it, or use it for parts.
mobilken
mobilken 3
7.7 M and another 10 to 15 M to refer from the desert?
jdries
Jim Ries 2
Hey... You get what you pay for it.
roosters777
Great for the american worker,s. If they do this in house. It's a win win.
ian1955
ian macleod 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.
patpylot
patrick baker 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.
jwilma
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.
RunTheRace
Larry Bass 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.
fiddlehead1
Alden Sewell 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
Dubslow
Bill Winslow 1
He's definitely making everyone else look the fool. I'm quite curious as to which 772E is being sold for 7.7M...
SWEATINTHSWAMP
SWEATINTHSWAMP 8
Maybe the one that BA landed short of the LHR runway :)
mk882004
Matt Kladder 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
yr2012
matt jensen 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?
pilot62
Scott Campbell 1
And another 40 million to update it
Bernie20910
Bernie Behling 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?
joelwiley
joel wiley 1
Are you thinking Delta's with saltwater damage and flapperon missing?
Bernie20910
Bernie Behling 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?
otnielocampo
Otniel Ocampo 1
Boeing 777!!!! The Volvo of the Sky!!!
lvenable
lvenable 1
Having a tail number would end a lot of speculation.
ian1955
ian macleod 1
indeed.
ko25701
ko25701 1
Delta has the oldest fleet for a reason.
fiddlehead1
Alden Sewell 1
Yes, prime maint.
chrisrobey
CHRIS ROBEY 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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