Image default
Greek News

Why retired planes are still worth millions after decades in the sky

The utilitarian design and the rivets holding everything together can make it feel like airliners are built to last forever. Despite this illusion of longevity, a commercial airliner can expect to last around 27 years in service. But once they leave an airline’s fleet, there are still millions of dollars worth of components hidden in their fuselage. Now, a new report from CNBC has broken down what makes the remains of an airplane so expensive.

When an airline is in the market for a new craft, they’re likely to spend somewhere between $90 million and $300 million for a brand-new plane from Airbus or Boeing. So, they look to their old crafts to recoup some of the costs needed to upgrade and replace aging fleets.

See Also:

Liberal outrage after abortion pill blocked nationwide by order from Texas judge

Once an airline is finished with one of its planes, it might try to find a buyer that has a use for older airliners, like cargo fleets and fire-fighting companies. But, if this isn’t possible, it’s sent to the Arizona desert where it joins hundreds of other aircraft that are waiting to be broken down. As it stands, the boneyards of Arizona currently hold more than 4,400 aircraft in varying stages of disrepair.

Red more: Jalopnik

Σχετικα αρθρα

Bloomberg: The largest smart city in Europe is in Greece

admin

Typhoon Project: €13 million for environmental studies and actions

admin

BoE: Greece welcomed over 30 million tourists in 2023

admin

Inflation: Inspections, fines and platforms in the battle – How much does a whole lamb cost?

admin

New York Times: How Greece, Spain & Portugal became leaders of development in the Eurozone

admin

Eurostat: 3.2% inflation in Greece in April – 2.4% in the euro area

admin

POS: For which purchases up to €10 bank commissions are ‘cut’

admin

The Tax Office is everywhere – The 2024 operational control plan

admin

Upward surge in the Athens Stock Exchange with new records

admin

Tax: Submission until July 26 – Income tax payment in 8 installments

admin

‘Tourism for All’ – The beneficiaries of the programme have been drawn

admin

Surge in card fraud incidents – 24 million euros soared in 2023 – Which transactions are most vulnerable

admin