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Jumbo jets are going cheap: 747s fall out of favour

Hong Kong, China - "When oil prices are high, you want your new plane"

Ascend Worldwide has made an investigation about the Boeing 747 today. According to it, prices for the most popular wide-body aircraft, are tumbling as carriers rush to replace what were once their flagship airplanes. Ten-year-old 747/400s are worth a record low USD 36 million, about 10 % less than similar aged planes last year, and carriers worldwide often convert aircraft into freighters or simply...

AVIONEWS - World Aeronautical Press Agency - 1142417

AVIONEWS - World Aeronautical Press Agency