Boeing 747-400 prices drop on fuel costs

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Source: Bloomberg
The demand and therefore also the prices for so far the most popular passenger plane Boeing 747-400 are dropping as airlines are in hurry to replace fuel inefficient planes with new economic models. Currently 10 years old 747-400 costs around USD 36 million or 10% less than similar aged air plane a year ago. Leading airlines are replacing their Boeing 747-400s with Airbus, 777-300ERs etc.
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