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How much could Ecuador sell the Embraer 135BJ Legacy 600 for presidential use? We analyze the options and market references.
With Executive Decree 180 signed by the president Guillermo Lasso Tuesday's 31 august 2021, the direct sale of the Embraer Legacy FAE is decreed-051 belonging to the Special Air Transport Group of the Ecuadorian Air Force.
After starting this process in the year 2018, but so far it has not materialized, it can already be confirmed which plane will be sold, leaving the question of how much Ecuador could with the sale of the Embraer Legacy 600.
for its autonomy, technology and benefits the only airplane for presidential use that Ecuador will maintain is the Dassault Falcon 7X, acquired in the year 2013 for about $50 millions of dollars.
How much could the Presidential Legacy sell for??
Once the aircraft to be sold by direct sale has been determined, will have to wait for a buyer, where the price of the aircraft will be decisive to achieve the objective of reducing maintenance costs, training, salaries and more for the State.
airplanes as well as cars, depreciate over time, so the $28 millions that initially cost the FAE-051 new from the factory Embraer cannot be recovered, but yes a value according to:
- Mercado (similar aircraft available in the world)
- Flight hours
- aircraft cycles
- Year of production
- Remnants for maintenance
- Setting
- Equipment available on the aircraft
- Others
With a VIP setup, bespoke telecommunications and internet equipment, the Embraer ERJ-135BJ Legacy 600 from Ecuadorian Air Force arrived in the country in December 2008 from Sao Jose Dos Campos in Brazil and after 13 years in service its sale value will be far from double digits.
This aircraft with a range of 6.019 kilometres, arrived in the country as the first replacement for the Avro that were used for presidential transport and also for the highest authorities of the country, so the number of flight hours, cycles and remnants that have surely already been audited by an aeronautical expert will help, together with a market study, to define the minimum sale value of the aircraft.
Subject to the variable parameters of the FAE-051 in particular, there are planes with similar characteristics on the market with these reference prices:
- Legacy 600
- Year 2006
- 4280 flight hours
- 13 seating
- Location: United Arab Emirates
- Price: $5.500.000
- Legacy 600
- Year 2008
- 2223 flight hours
- 13 seating
- Location: Mexico
- Price: $6.290.000
- Legacy 600
- Year 2008
- 3500 flight hours
- Location: United Arab Emirates
- Price: $6.500.000
- Legacy 600
- Year 2006
- 4553 flight hours
- Location: Switzerland
- Price: $1.800.000
Available for sale at least 25 airplanes of the same model of the Legacy and with an average annual depreciation calculation of $900.000 variable according to flight hours and general use, so the price of the FAE-051 could start at 5 million upwards with a possible cap of 7 millions.
Will there be a buyer for the Legacy? Only time will tell.
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The list price of that Airplane in the year it was ordered was 26 M USD…the 6.147 hours, are high if we compare it with others of the same year in the international market.
From what is known about the Indian Helicopters purchase operation, we can deduce the parameters that were also used in the purchase of this Jet..
The terms of sale required by Ecuador (Cash) honestly I see very difficult a buyer for more than 5 M USD..
It is a similar value to the one I have calculated, no more of this.
The plane from Switzerland, year 2006 4.553 hours for which they ask 1.8MM is a plane of shared owners and this value is for 1/3 aircraft ownership, not for the "complete" aircraft. If they sell it for more than 7.5MM it is a good deal
Completely, with so many planes in world supply a price like the one you say would be a great price.
Yes of course Nicholas, a multipurpose aircraft.
It would be the most logical, since it is difficult to measure that the depreciation that it has had over time has been equivalent to the missions of the state for what it was purchased.
In those years it was a terrible decision by Correismo to buy a plane that fell short for transatlantic flights for presidential use. The Embraer Legacy aircraft 600 as such it is an excellent plane but for the range and functionality that is given, not for our presidents.
Today for the price that is worth a few $5 a $8 million at most is already a loss for the country, That is why I would modestly suggest that it be kept in case the current Falcon is undergoing maintenance and the president must go with his closest collaborators..
Let us remember that many governments have a reserve presidential plane.
We can afford to have a plane just as a backup? Rather, I would look for it to have another function such as transport or air ambulance, for example..