777s

One year ago, the airplane market was spooked by reports of "market tests" for Boeing 777 plane prices, when according to the CEO of Delta the company had acquired a used 777s for a paltry $8 million, a 97% discount from new Boeing 777-ER prices!

Prior to this report, in October, Delta CEO Dennis Muilenburg  raised more eyebrows when he said there was a “huge bubble” in used widebody aircraft, and that as a result the market was “ripe” for Delta to  buy used 777s, as he subsequently did for an unprecedented 97% price reduction.

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Submitted by Duane via Free Market Shooter blog,