Boeing to sell traded-in Airbus jets

  • BRYAN CORLISS / Herald Writer
  • Wednesday, October 25, 2000 9:00pm
  • Local News


Herald Writer

In the market for a good, clean, used Airbus jet? Then you might want to give the Boeing Co. a call.

The Seattle-based company is acquiring at least 10 used Airbus A340-300 jets from Singapore Airlines — taken as trade-ins, if you will, during the 1996 sale of 10 Everett-built 777s to the Asian air carrier.

It’s not the first time Boeing has taken used Airbus planes in trade, said Dinseh Keskar, president of Boeing Aircraft Trading, its used airplane division. But "because those were onesies and twosies, they didn’t get the attention these A340s get," he said.

It’s a little weird to think about, he acknowledged. "I’m a 20-year Boeing man here."

Trade-ins are becoming more common in the jetliner business, Keskar said.

It used to be that all used jets were "FSBO" — for sale by owner, he said. But just as many people have found it’s too much hassle to sell their own old cars, an increasing number of airlines have taken to trading in their used planes when they buy new ones.

Hiring someone else to sell your used planes for you allows the airlines to focus more on their core business — hauling passengers and cargo, Keskar said.

So now both Boeing and Airbus now take trade-ins, leaving them with an inventory of used planes to sell.

Neither airplane maker has a huge load of used planes. Airbus on Wednesday listed eight used jets for sale, all A300s and A310s.

Boeing had 29 jets listed on its for-sale Web site, some of them lease returns that were used by airlines but still are owned by Boeing Capital Corp. The list included the first five from the Singapore Airlines deal that it will receive, and one Airbus A310 acquired in a unrelated deal.

The rest were planes built by Boeing or McDonnell Douglas.

Boeing won’t actually take possession of the A340s until next year. Under the terms of the deal with Singapore, it could end up taking another seven of the planes in the next few years, including two that would be brand new, straight from the Airbus factory in Toulouse, France.

The planes likely won’t ever come to the Northwest, Keskar said, since they haven’t been certified by the Federal Aviation Administration to fly in the United States. Instead, it’s more likely they will be sold and remodeled to meet buyer needs at the facility of a Boeing partner somewhere in Asia.

Boeing isn’t going to try to upset too many apple carts by selling the used Airbus planes, Keskar said. A number of Boeing customers use A340s on some routes, and he is marketing the planes to them. The list includes Air France, Cathay Pacific, Lufthansa and Air Canada.

"We’re hoping we’ll be able to get them out fairly quickly," Keskar said.

The advantage to airlines of buying used planes is twofold. For starters, they’re available right away. Ordering a new plane means waiting about two years while it’s built, Keskar said. And, of course, it’s cheaper. Keskar wouldn’t disclose asking prices, but said it would be significantly less than the sticker price for a new jet.

"It’s like buying a 5-year-old BMW as opposed to a brand new BMW," Keskar said.

Talk to us

More in Local News

Marysville firefighters respond to a 12-year-old boy who fell down a well Tuesday May 30, 2023 in Marysville, Washington. (Photo provided by Marysville Fire District)
Marysville firefighters save boy who fell 20 feet into well

The 12-year-old child held himself up by grabbing on to a plastic pipe while firefighters worked to save him.

Highway 9 is set to be closed in both directions for a week as construction crews build a roundabout at the intersection with Vernon Road. (Washington State Department of Transportation)
Weeklong closure coming to Highway 9 section in Lake Stevens

Travelers should expect delays or find another way from Friday to Thursday between Highway 204 and Lundeen Parkway.

Students arriving off the bus get in line to score some waffles during a free pancake and waffle breakfast at Lowell Elementary School on Friday, May 26, 2023, in Everett, Washington. (Ryan Berry / The Herald)
800 free pancakes at Everett’s Lowell Elementary feed the masses

The annual breakfast was started to connect the community and the school, as well as to get people to interact.

Marysville Mayor Jon Nehring speaks at the groundbreaking event for the I-5/SR 529 Interchange project on Tuesday, May 23, 2023 in Marysville, Washington. (Olivia Vanni / The Herald)
$123M project starting on Highway 529 interchange, I-5 HOV lane

A reader wondered why the highway had a lane closure despite not seeing work done. Crews were waiting on the weather.

Justin Bell was convicted earlier this month of first-degree assault for a December 2017 shooting outside a Value Village in Everett. (Caleb Hutton / Herald file)
Court: Snohomish County jurors’ opaque masks didn’t taint verdict

During the pandemic, Justin Bell, 32, went on trial for a shooting. Bell claims his right to an impartial jury was violated.

Gary Fontes uprights a tree that fell over in front of The Fontes Manor — a miniature handmade bed and breakfast — on Friday, May 12, 2023, at his home near Silver Lake in Everett, Washington. (Ryan Berry / The Herald)
Everett’s mini-Frank Lloyd Wright builds neighborhood of extra tiny homes

A tiny lighthouse, a spooky mansion and more: Gary Fontes’ miniature world of architectural wonders is one-twelfth the size of real life.

Will Steffener
Inslee appoints Steffener as Superior Court judge

Attorney Will Steffener will replace Snohomish County Superior Court Judge Janice Ellis, who is retiring in June.

News logo for use with stories about Mill Creek in Snohomish County, WA.
Police: Mill Creek man fatally stabbed wife amid financial woes

After quitting his job at Amazon, the man amassed about $50,000 in debt, triggering a discussion about finances, he told police.

Outside of the current Evergreen Recovery Centers' housing to treat opioid-dependent moms with their kids on Thursday, May 25, 2023 in Everett, Washington. (Olivia Vanni / The Herald)
$8M in behavioral health grants to benefit children, youth, families

Snohomish County awarded one-time federal funding to five projects that will reach at least 440 new people each year.

Most Read