Aircraft valuation and the estimation of an accurate aircraft price is undoubtedly a challenging task that has significant consequences for airlines. This paper presents an asset valuation model to show how a series of endogenous as well as exogenous factors can influence the value of an aircraft. Specifically, a discounted cash flow methodology is used to forecast the valuation of an old or new generation aircraft. Both total operating revenue and aircraft operating costs are taken into account to devise a reliable pre-tax profit measurement that is used as the basis of the discounted cash flow analysis. A sensitivity analysis based on Monte Carlo simulation is utilized to identify which factors have a more significant influence on the suggested aircraft value. Therefore, it addresses how value fluctuates in response to economic fluctuations. Indeed, the calculated value of an aircraft highly depends on the underlying assumptions used. The calculated value is compared with available data in a case study for verification.

飞机估值和准确飞机价格的估计无疑是一项具有挑战性的任务，对航空公司产生重大影响。本文提出了一种资产评估模型，以说明一系列内生和外生因素如何影响飞机的价值。具体而言，现金流量折现法用于预测旧飞机或新一代飞机的估值。总运营收入和飞机运营成本都被考虑在内，以设计出可靠的税前利润度量标准，该度量标准用作现金流量折现分析的基础。利用基于蒙特卡洛模拟的灵敏度分析来确定哪些因素对建议的飞机价值有更大的影响。因此，它解决了价值如何响应经济波动而波动。实际上，一架飞机的计算值在很大程度上取决于所使用的基本假设。在案例研究中，将计算出的值与可用数据进行比较以进行验证。