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Repères Skyplo: indicative lease rates and values, method published

Current edition published 18 September 2026

Price benchmarks in this market are private and asymmetric: the side that sees more transactions negotiates from a stronger position. The Repères Skyplo put a range on the table for both sides — by type, vintage and maintenance condition — and publish how that range is built.

Current ranges

Mainstream types, the structures most often asked about. One table, dated, revised as the market moves.

Indicative ranges observed on the secondary market, for illustration only. Every transaction depends on exact spec, maintenance status, redelivery terms and market timing. These figures constitute neither an offer, nor a quote, nor investment advice.

How to read a range

A Repère is a range, never a point estimate. Unless stated otherwise it assumes an aircraft in half-life maintenance condition, a standard specification for the type and a lessee of ordinary credit standing.

• The bottom of the range is where the older vintages of the band land, along with engines close to their next shop visit, short remaining terms and weaker credits.
• The top of the range is where young vintages land, with fresh engine shop visits, a recent heavy check and a lessee a credit committee approves without conditions.
• Outside the range is possible, and always explainable: an unusual specification, a records gap, a distressed seller, a delivery slot nobody else can offer.

What feeds a Repère

• Filings of listed lessors — fleet book values, lease revenues, impairments and disposals, as reported to their regulators.
• Court records in airline insolvencies — where sale prices, lease rejections and cure amounts are disclosed in the docket rather than kept private.
• Published commentary from appraisers and analysts — used as a cross-check on direction and order of magnitude, never reproduced as our own figure.
• Terms seen on our own mandates — entered anonymised, never attributable to an MSN, an owner or a counterparty.

Each data point is brought back to a common basis before it counts: type and variant, vintage band, engine type, maintenance condition, lease term. A rate quoted for a twelve-year-old aircraft on a short extension is not the same information as a rate on a six-year lease to a flag carrier, and the method does not treat it as such.

What moves an aircraft inside the range

• Engines. Time since the last performance restoration and the cycles left on life-limited parts move value more than anything else on a used narrow-body.
• Check position. An aircraft fresh from a heavy check and one six months away from it are not the same asset.
• Records. Unbroken back-to-birth traceability is priced in; a gap is priced out, and harshly.
• Specification. Weight variant, seat count, winglets or sharklets, cabin and avionics standard.
• Term, credit and exit. Lease length, the lessee's standing and the redelivery conditions agreed at signature all sit inside the monthly number.

What a Repère is not

It is not an appraisal: a formal opinion of value on a specific aircraft is the work of a certified appraiser, and we work alongside them rather than replace them. It is not an offer or a quote, and it is not investment advice. It is the common ground a negotiation starts from, so that committee time is spent on the aircraft rather than on arguing about where the market is.

Revisions

Each edition is dated. When a range moves, the previous figures stay listed here with the reason for the change.