How much does a used Airbus A320 cost?

Under the A320 name, two very different aircraft coexist in price. The A320ceo, with CFM56 or IAE V2500 engines, was built between 1988 and 2021 and is one of the most widely used jets in the world, with thousands of units in service. The A320neo, with LEAP-1A or Pratt & Whitney PW1100G engines, has been delivered since 2016 and burns around 15% less fuel. A three- or four-year-old neo is close to $50 million; a ceo of the same age no longer exists, and the last ones built go for around $30 million. From there, value falls with age down to the floor set by the parts: an A320 from the late nineties is often worth less than $5 million, and a good part of that figure is the engines.

More than the manufacturing year, what counts is accumulated cycles and hours and, above all, maintenance status. A major CFM56 engine overhaul costs several million dollars, so two identical aircraft can differ by $10 million depending on how much time is left until the next one. Cabin configuration, certified maximum weight, the complete historical record and upgrades such as sharklets also matter. And the market has its say: when new aircraft are scarce due to delivery delays, as happened from 2022 onward, used ceo aircraft rise in price and leases get more expensive.

Most airlines don't buy: they lease. A mature A320ceo leases for $150,000-250,000 a month and a recent neo for $350,000-400,000, with contracts of 6 to 12 years and maintenance reserves on top. For a small operator, that's the relevant figure. The few private or corporate buyers who acquire an A320 turn it into a private jet, and in that case the interior can cost more than the aircraft itself.