Younger Jet Retirements Impacting Industry Sectors

The decline in the average and median age of commercial jets that are being retired is having an impact on aircraft valuations and financing, as well as spare parts suppliers, aviation industry observers and participants say. “I would expect to see useful economic life and residual values reduced on certain aircraft types, primarily Boeing and Airbus narrowbodies,” says Owen Geach, commercial director for the International Bureau of Aviation, a global, U.K.-based aviation consultancy and aircraft appraisal company ...