Ever since Delta Air Lines CEO Richard Anderson said last October that his airline could buy a used 777-200ER for $10 million, Boeing Co. (NYSE: BA) has felt some heat. After all, a new 777-200ER lists for $277.3 million.
In December, Anderson said Delta had just signed a letter of intent to buy a used 777  for $7.7 million and Boeing’s stock dropped nearly $5 a share.
At the annual general meeting of the International Society of Transport Aircraft Trading (ISTAT) in Phoenix on Monday, four appraisers said a used 777-200ER is worth between $37 million and $47 million. Planes that include the GE or Pratt & Whitney engines command a $7 million premium to planes powered by the Rolls-Royce Trent engines, according to a report at Leeham News.
An aircraft leasing firm is selling used 777-200ERs with leases attached for more than $50 million, according to one appraiser. Another noted that values for the Airbus A330-300, which range from $41 million to $55 million today, will drop by $10 million next week when the new valuation book is updated.
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