Wanna buy a slightly used plane?

[PHL]

It would be fiscally irresponsible for US to spend the money to buy it, store it, and restore it. We're probably talking several million $$. If you want it saved badly enough, appeal to various museums who would get good use out of it. If they don't want it, then there's a good reason. What would US do with it?!

 

[700UW]

Ok the plane was insured and US probably got $100,000,00 for it, they should buy it, restore and put in in the Museum in CLT.

 

[PHL]

Ok the plane was insured and US probably got $100,000,00 for it, they should buy it, restore and put in in the Museum in CLT.

Are you missing a zero or did you add 2 too many zeros? I don't believe that plane would be insured for $100M, though. Back in 1999 (when N106US was delivered new) it probably cost between $50-$60M. If it were to resell in a clean, airworthy condition today (i.e. didn't have a water landing), obviously it would be significantly less with 10 years and many thousands of cycles on it.

 

[hp_fa]

Are you missing a zero or did you add 2 too many zeros? I don't believe that plane would be insured for $100M, though. Back in 1999 (when N106US was delivered new) it probably cost between $50-$60M. If it were to resell in a clean, airworthy condition today (i.e. didn't have a water landing), obviously it would be significantly less with 10 years and many thousands of cycles on it.

I wonder if US Airways would have had it insured. The leasing company sure, but US Airways? It's not like they had an ownership interest in it.

 

[nycbusdriver]

I wonder if US Airways would have had it insured. The leasing company sure, but US Airways? It's not like they had an ownership interest in it.

It's more likely, don't you think, that the lease required USAirways to purchase/maintain hull insurance for at least the book value of airplane with the lessor named on the policy as the owner?

 

[700UW]

It was bought by US and then they did a sale/leaseback with Wells Fargo.

And what is list price for a new A320?

And yes US does get money from the insurance company for the plane as does Wells Fargo.

Chartis Insurance is keeping an open eye to take care of this plane which is in Kearny, New Jersey at the time and it has been tried to preserve it from corrosion by using some chemicals last year. It is tough to predict about the price and cost of this famous reprocessed aircraft. However the Airbus was sold for $2.5 million, reportedly.

List price for a new plane with out seats and engines is $60 - $70 Million

 

[Dog Wonder]

I would love to have an insurance company buy me a new car if my 10 year-old one was totalled.

 

[FWAAA]

List price for a new plane with out seats and engines is $60 - $70 Million

Here's the latest price list from Airbus; new A320 list is $73.2 to $80.6 million, including engines:

http://www.airbus.com/store/mm_repository/...tPrices2008.pdf

I doubt US paid more than 2/3 of list price (and perhaps less).

 

[desertsun]

They should put it in Tempe Town Lake, and sell boat rides to tourists to expand on their ala carte offerings.... They could have the ticket booth over at corporate headquarters on Rio Salado. Maybe offer deals under US Airways Vacations packages or .. buy a ticket on US Airways get half off admission.

The possibilities of this are endless.

 

[hp_fa]

It's more likely, don't you think, that the lease required USAirways to purchase/maintain hull insurance for at least the book value of airplane with the lessor named on the policy as the owner?

Yes, that is very plausible. But that doesn't benefit US Airways if the lessor owns the the rights to the proceeds from that insurance policy.

 

[nycbusdriver]

Yes, that is very plausible. But that doesn't benefit US Airways if the lessor owns the the rights to the proceeds from that insurance policy.

I seriously doubt USAirways will benefit in any way from the auction of this aircraft by the current owner (i.e. the insurance company, AIG.) AIG has long since paid the previous owner (whichever bank was the lessor) for the loss (probably using taxpayer bailout money,) and possibly paid something to USAirways for their loss of use (if there was a provision in the policy to do that.)

 

[EyeInTheSky]

Sadly, if this airplane had been a Boeing aircraft we wouldn't be having this discussion right now and the plane would be headed to D.C. or the Intrepid.

Later,
Eye

 

[700UW]

The Concord, which was built by Airbus' predecessor is on the Intrepid and at Air and Space.

 

[BoeingBoy]

The Concord, which was built by Airbus' predecessor...

Partially built by Airbus' grandfather corporation, Sud, with BAC the other manufacturing partner. It was a one of a kind airplane - one of only two commercially operated SST's (and the Tu-144 only operated 55 scheduled flights) - and thus earned it's place in history.

Jim