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Mike Yeomans

Mike Yeomans

Mike Yeomans, Head of Advisory Services (Director - Valuations) at aviation consultancy IBA Group and co-host of The IBA Podcast.

Jul 31, 2026

20:00
Mm.
20:01
See, when we're looking at the larger wide bodies, four engine 747s, engine values being a, a key component of that, particularly as you get to some of the, the older members of the fleet, and you look at that fleet profile, just given the comment you made around new programs coming in to, to replace the aging wide body fleet, 777X freighter, 350 freighter, you know, we're still a way from, from those aircraft entering in service, and they've suffered s- sub- subsequent, uh, delays to, to certification and entry into service.
20:39
So there is an element of those aircraft remaining in the market well beyond 30 years, that those are, that those are oper- operating.
20:47
So we'd seen, given the age of the programs, a decline over time in base values, and that's the, the sort of delta where we felt that needed to be based on those dynamics, the maintenance cost, engine value, and the lo- elongation of the, those life programs that we've made some, some increases in terms of the, the base values on, on, say, 747-400 freighters.
21:14
Um, we were looking at, you know, well over 100% on average, say 114%, I think, in terms of current base values, and that kind of flows through the, the residual value curves for those, for those aircraft as well.
21:30
So that's some sig- significant uplift.
21:34
Likewise, on the 330 program, we're seeing strong demand for those aircraft, so positive movements in terms of market and, and base value there.

6 MINS LATER

27:40
So are we expecting to see a real step up?

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