The new aircraft market is a complete overhaul of the aircraft sales and leasing system in AS, and I think many will have some questions about how it works. Already some people have made some problematic errors. Hopefully we can share our experiences, note potential pitfalls, and get answer to basic questions in this thread.
Aircraft in the used market appear to have the same base value regardless of age. Is this on purpose? Am I missing something?
Yes, this is on purpose. We want that aircraft are traded at "market price" in the future. That is, the price players are willing to pay for any given aircraft. Age is a factor the player may or may not take into account in this evaluation.
When I try to transfer an a/c within my holding it says "[font=Tahoma, Arial, Helvetica, sans-serif]Your equity is insufficient for this transaction." What is up with that?[/font]
The new system takes in account just the price that the player is willing to pay for an a/c, but it shoud be noted that age plays a vital role in such assets like aircrafts. In real world there are fluctuations on the leasing rates, but with this bidding system we’re going to pay a leasing rate which is 110% of that of a newly built a/c for a 20 years old plane, or if we want to buy it, we’re going to pay 110% of the price of a new plane for a 20 years old plane?? I really don’t get the sense of this, where’s the pro?? There should be some price limitations taking into account the plane’s age, in this way it’s not realistic at all.
In accounting, the "value" of the aircraft has to be subtracted somewhere. And that’s your equity.
Only if you decide to execute an immediate purchase option. Which has it’s own benefits and disadvantages, obviously. Essentially it means: "I’m desperate for this aircraft! Give it to me no matter what’s the cost!".
737 and A319 for 4,5 mil. while 20 year 735s are 35 mil!
This is a train wreck!
Not to mention the 773s for 10milion as$!
Is there any way to stop this madness, It upsets the whole balance of the game!
Is there a way to reverse the changes made and revert to the old market?
How is this calculated? My balance sheet says my equity is $0.
Then hurry up to place a bid - but you can be sure that these prices are not the prices which will be paid.
That are the final prices i have payed for more then 15 planes, Leasing cost for a 2,5 year old 73G is 22k, I have the screenshots to prove it.
I think that the number of planes available far surpasses the demand, at least on Croydon.
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Perhaps the market is too small to function like the real world (like the lack of liquidity in the AS stockmarket). What are the chances 2 airlines will want to bid on the same a/c during the same hour?
No, it is to new to function - the first ones I also got with these prices, but now it is not realy possible as there are more bids right now.
Negative, sir.
Let’s speak clearly, in real world you’ll never find a 1990 built A320 selling or being leased for the price of a 2010 one, I find no advantages there. As desperate as one could be, as it is now, it’s more widely known as burglary. The supply and demand rule is one thing, the real value of an asset is another, airplanes are subject to the first, but in regard of the second, not in such an indiscriminate way. It’s also for the other way round, new planes with ridiculous leasing rates or sale prices because of low demand.
With my player hat on, I think the issue might be avoided by having the AS agent put aircraft back on the market at their book value (vs the current minimum price) - so a 25 year old aircraft would go on at minimum, a brand new aircraft would go on at $50m (or whatever) - but over time the new one would still decay towards the minimum value, so if you’re not willing to pay X price but are willing to wait a bit then you can run with that. It seems kinda strange to have the agent giving discounts right off the bat - if we’re doing the invisible hand thing then it should also be trying to get the best price it can for the aircraft it’s selling - which at the moment it isn’t, really.
e: though of course book value is a flexible sort of thing, with transfers, leases etc - perhaps a value vs the age of the aircraft such that it’s what the book value would be if the aircraft hadn’t been played with a whole bunch? I dunno. It’s probably a problem that’ll solve itself in time - so you’ll have some outliers that pay very little, but as long as the rate of aircraft coming on to the market isn’t too huge they’ll remain outliers. Probably more of a visible problem on Croydon - I know there are some times of day when I’m usually the only person farting around, so it’ll be interesting to see how that works out.
As stated in the initial announcement, all parameters are subject to change and we will have a look at how the system works out in practice.
The automated aircraft trader essentially is a problem in itself because - by nature - it does not follow the same rules as any other actor in the market. So either it starts at a low price and the market price is reached by bidding or it starts at a high price and the market price is reached by the trader reducing the price over time. Both methods have there advantages and disadvantages. Sticking to some kind of age-related book value might be a solution we will look into. But first we want to see how it goes and then we’ll pick out tools of choice.
A380s with a selling price of 15 million, which is less than a factory new ATR. Did You realize that in this way you’re giving anyone the chance to cheat?
Why would that be cheating?
What kind of cheating? Buying a cheap A380? If no one else wants to pay more than these 15 million, than it isn’t more worth.
Are the starting prices different on different servers? On Meigs I haven’t seen anything starting that cheap.
That’s probably because on Meigs the market is lot more lively and fewer second-hand aircraft are spilled into the market from liquidations. It’s still a young game world.