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Qantas to sell 2 747-400s this year

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Qantas to sell 2 747-400s this year

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Old 9th Apr 2009, 00:44
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Qantas to sell 2 747-400s this year

OJF and OJK both to be sold this year. Announcment on Tuesday re more flying cuts. Lost money in the last quarter.Not good news.
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Old 9th Apr 2009, 01:01
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Devil

Well they are both almost 20 years old and on average QF do more flying per year than most on their 747's so they are most likely beyond their use by date from a financial point of view.

I can see the add now.....VH-OJK for Sale, 19 years of tender loving care by QF Engineering, a lot of k's on the clock but runs well. Pride of the fleet and preferred on Sundays as it has been a bit Holy !

J
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Old 9th Apr 2009, 01:37
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Whats the bet they are leased back down the track when things pick up- oh of course the 787 will be here.
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Old 9th Apr 2009, 01:43
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With the economic downturn are there any buyers out there?
As Jabawocky pointed out they are almost 20 years old.
Might look better parked at the museum at Longreach.
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Old 9th Apr 2009, 02:03
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Unfortunately...it's a buyers market at the moment for a lot of things not just aircraft...

Unless you could find someone willing to convert them into freighters I think it will be hard to shift them for any decent money....

Remember the old days when QF aircraft sold at a premium because of their maintenance record
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Old 9th Apr 2009, 02:41
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Announcement on Tuesday re more flying cuts.
ie more routes given to JQ - the savior of Qantas and the best run, efficient and highest yielding airline model ever. I thought I'd get in before genex and jjw
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Old 9th Apr 2009, 02:56
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They still have not sold the B747-300's....

It would be a hard sell to sell them when you have younger, more modern, young, better interior aircraft on the market.

The market is already got a glut of both 747-400 pax & freighter aircraft.

Good luck Qantas!
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Old 9th Apr 2009, 03:16
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AirNZ just had one of their 400's for sale for 10M, probably a litttle younger than those of QF. Couldn't get a buyer so they have scrapped it for parts.
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Old 9th Apr 2009, 03:19
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Very much doubtful for US$10million!!!!! Thats bloody cheap, yet
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Old 9th Apr 2009, 03:33
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Maybe we could gift one to Borghetti instead of his golden handshake.

It would look brilliant on his driveway.
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Old 9th Apr 2009, 04:41
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OJK

One owner - outsource maintenance, has minor repair damage from oxygen bottle blowout after of cargo door cutout R/H, identified by the massive wiring splices in the area - new forward pressure bulkhead very low cycles, due minor impact with another aircraft ...yeah I can see everyone lining up to buy it...
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Old 9th Apr 2009, 04:56
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If I won powerball jackpot or something like that I would buy it and fly it around VFR, coastal at 500ft etc, until my money ran out. Which wouldnt take long to do at around 8 tonnes an hour burn at low weight!
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Old 9th Apr 2009, 05:31
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AoA, be sure to sell tickets cheap, not really to make money just to keep it flying coastal 500ft VFR for a bit longer!! I'll be first in line for one of those tickets Hell, i'll even give you a hand flying if you want!!

No real experience on something bigger than a duchy, but i'll give it a darned good go!
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Old 9th Apr 2009, 06:27
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If they are roller powered 747 then that is a good price. Scrap rates for a 744 is about 8 mil.

Only for operators of RR B744 QF, CX, BA and NZ ? Any one know anyone else with RR B744
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Old 9th Apr 2009, 06:43
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So is the rumour true that QANTAS are having to pay cash for fuel.
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Old 9th Apr 2009, 07:52
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I'll bite on a couple of things

Lost money in the last quarter.
I think it's traditionally the weakest quarter anyway, certainly on longhaul, so unhelpful but not awful, if true.


I would buy it and fly it around VFR, coastal at 500ft
I had the good fortune, in the early days of Antarctic charters, to score a staff trip. Low level over water (and ice floes ) past Mawson's Hut. A sublime and serene experience.
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Old 9th Apr 2009, 10:00
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Surely on the books these A/C must of been written many years ago and hence anything they get for them is profit.
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Old 9th Apr 2009, 10:26
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I believe Air New Zealand 747-400 ZK-NBS is on the market for US$10 million. I think it was coming up for engine replacement and a major check so that figure is probably not out of the ballpark for the Qantas ones.
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Old 9th Apr 2009, 10:53
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AAhhhh bugger! Another two steps closer to the 380....
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Old 9th Apr 2009, 18:22
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c100driver
SAA and Cargolux are RR 744 powered operators too.
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