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In February, AMS completed the sale of five Boeing 747-400 pax aircraft which had been parked up, in storage, since 2015/16. That’s a lot of seats, a lot of engines, a lot of components and a lot of metal. The sale also took a lot of time, a lot of effort, a lot of perseverance and a lot of internal faith that the mandate from our client could be completed successfully.
This internal faith was necessary because there are around one hundred and twenty five B747-400 aircraft in storage many, if not most of which, are unlikely to take to the skies again. Which leads me to the question of what is going to happen to the remaining B747-400 aircraft still parked up out there, the number of which is much more likely to increase rather than reduce over the coming months and years?
When looking at a hundred plus 747-400 aircraft, the word “lot” does not truly capture the enormity of the problem. “Gigantic” is more appropriate. There is a gigantic number of seats, a gigantic number of engines, a gigantic number of components and a gigantic amount of metal.
The more I write, the more I become impressed with our achievement in selling five of those aircraft.
Looking at the overall parked aircraft picture, around one hundred B777 aircraft (and that’s before the expected deluge of B777-300ER over the next few years) are parked, as are approximately one hundred B767 aircraft and around seventy five older generation B747 aircraft. In total, there are approximately 430 Boeing wide body aircraft in storage.
So far, I have only mentioned Boeing, but Airbus does not escape. There are also plenty of Airbus wide body aircraft in storage. Approximately two hundred and ninety aircraft in total, including, for the time being, the ex-SIA A380 aircraft.
The total number of wide body aircraft in storage is in excess of seven hundred and climbing. If we look at this bigger picture of stored wide body aircraft, even the word “gigantic” is being stretched. I’m not sure what comes after “gigantic” but I’m sure someone will tell me.
In the meantime, AMS continues to do its bit to whittle down the numbers. The client for the five B747-400 pax aircraft I referred to at the start of this blog has tasked us to remarket a 747-400 freighter aircraft that is also currently parked. Our mission is to have this aircraft fly out of storage when it is sold.
If you are reading this and thinking “we’ve had an aircraft or two parked up for a while” then feel free to give me a call.