Ex-Malév 737-600s to be disassembled

London
Source: Flightglobal.com
This story is sourced from Flightglobal.com

Six Boeing 737-600s, which were previously operated by Malév, will be parted out.

The CFM56-7B20 powered aircraft were under operating leases from ILFC.

Flightglobal Finance understands that the aircraft will be disassembled by ILFC's subsidiary Aeroturbine at the Goodyear facility in Phoenix.

Four 737-600 aircraft were manufactured in 2003. At 31 December 2011, MSN 28259 had recorded 25,089 hours and 15,921 cycles. MSN 28260 had 24,593 hours and 15,625 cycles. MSN 28261 had 23,849 hours and 15,245 cycles while MSN 29348 had 24,466 hours and 15,550 cycles.

The two 2004-vintage aircraft, MSNs 29349 and 29353 had recorded 23,662 and 23,398 hours, respectively as well as 15,097 cycles and 14,791 cycles, respectively.

The 737-600 programme recorded 203 orders but only 69 aircraft were delivered. Nine aircraft were delivered in 1998, 23 in 1999, six in 2000, four in 2001, five in 2002, six in 2003, three in 2004, three in 2005 and the final 10 in 2006.

Scandinavian Airlines System is the main operator with 28 aircraft, followed by WestJet Airlines with 13 aircraft in its fleet. Other customers include Tunisair (seven aircraft), Air Algérie (five aircraft), Austrian Airlines (two aircraft), Eastar Air (one aircraft) while another six are operated by EG&G Flight Operations.

In May 2010 Flightglobal Finance reported the first Boeing Next Generation aircraft to be disassembled by Air Salvage International. The 737-600 aircraft, MSN 28303, was built in April 1999 and was owned by the administrators of Flyglobespan.

IBA, which was appointed as the remarketing agent for the 737-600 aircraft, sold the aircraft to CT Aerospace in excess of $11 million.

At the time, IBA said that the part-out option "to realise the value in the engines and airframe was too tempting."

The last transaction recorded in the 737-600 market involved three 1998/99-vintage aircraft being acquired by Infinity Aviation Capital with a lease attached to Scandinavian Airlines System from FGL Aircraft Ireland last May.

Ascend values a 2003-vintage aircraft with $14.25 million half-life market value, whereas a 2004-vintage 737-600 commands a $15.25 million half-life market value.