Summary

• Airbus’ A380 has a limited second-hand market value due to its lack of demand, but Global Airlines has recently acquired the type.
• The market value of an Airbus A380 ranges from $25.18 million to $76.93 million, with older planes valued at the lower end.
• Although some may argue that the A380s have no second-hand value, they still hold value in their spare parts and scrap materials.

How much is an Airbus A380 worth in 2023? It is an interesting question. Some might argue the famous double-decker is nearly worthless, given the lack of a second-hand market. That is unless you are Global Airlines, the company that acquired an A380 earlier this year and agreed to purchase three more.

The Airbus A380 has had a rough ride over the past few years. Before the pandemic, Airbus had already decided that it was no longer commercially viable to continue offering the giant of the skies as part of its product lineup. The pandemic did the mammoth jet no favors. Only 254 A380s were ever made in the history of the plane.

So, how much does an Airbus A380 cost?

While the actual price of a second-hand aircraft varies greatly depending on many factors, we will do this analysis based on ch-aviation’s valuation, provided by Collateral Verifications LLC. But before we start, we must talk about Global Airlines.

The company acquired an Airbus A380 earlier this year. When announcing the acquisition from Doric Aviation, the firm did not disclose the amount paid for the second-hand double-decker. A few months later, Global Airlines announced it would acquire three more A380s rather than leasing them, showing its “commitment to financial security and resilience from day one.” The company did not disclose the price for these three additional widebody jets.

As is typical with aircraft and most assets, their value decreases with age. Airbus stopped publishing its list prices in 2019. In 2018, the giant A380 had a list price of $445.6 million, although this could vary with configuration. It is unusual for airlines to pay list prices, and the actual prices paid for aircraft are a closely guarded commercial secret.

According to ch-aviation, the actual market value of an Airbus A380 ranges from $25.18 million to $76.93 million. Seven examples are currently valued at $25.18 million. Among these planes, there is a stored Singapore Airlines aircraft, registration 9V-SKF. This plane is 15.65 years old and had its first flight in February 2008. Global Airlines’ recently acquired A380 is also valued at this price (as it is an even older plane, at 16.91 years of age).

The higher end of the spectrum

Meanwhile, five planes are currently valued at $76.93 million, all in Emirates’ fleet, the largest operator of the model.

These were the last A380 jets ever built by Airbus, therefore being the youngest of them all. Emirates A6-EVS aircraft was the latest to be delivered in December 2021. Of course, some may argue that the A380s have no second-hand value since barely anyone is willing to buy them. Nonetheless, the A380s still have value locked in its spare parts and scrap materials.

The A380s currently active still have a long life ahead of them, as many have seen a resurgence in their flying times following the COVID-19 pandemic. Perhaps in the future, some airlines could be interested in acquiring second-hand A380s, giving them more time in the air. Only time will tell.

What do you think about the value of the Airbus A380? Do you think the plane will ever find a second-hand market beyond Global Airlines? Let us know your thoughts in the comments below.

Source: ch-aviation

• 

  Airbus

  Stock Code:

  AIR

  Date Founded:

  1970-12-18

  CEO:

  Guillaume Faury

  Headquarters Location:

  Toulouse, France

  Key Product Lines:

  Airbus A220, Airbus A320, Airbus A330, Airbus A340, Airbus A350, Airbus A380

  Business Type:

  Planemaker