Originally Posted by
mik3bravo
So, is it possible that
GOAL are responsible to the maintenance of those e195's which Flybe/ Stobart operate under their JV?
Seems unusual for them to trade with a German based leasor when
9 of the top 10 global aircraft leasing companies are based in Dublin as the global hub for aircraft leasing.
No, the lessor of a dry-leased aircraft would not be responsible for maintenance. Normally the operator is responsible for the maintenance (whether in this particular sublease agreement that's Stobart or whether the responsibility has been left with flyBE), and as part of the lease agreement, the operator has to pay maintenance reserves into a separate account which is intended to cover the cost of major maintenance work required in the course of the lease or at its end (plus of course with a chunk left over as additional profit for the lessor
). The maintenance reserves only cover agreed major maintenance work, not ongoing snags - which will be at the operator's cost. Hence smart airlines with clued-in technical staff would look carefully in advance at the reliability and maintenance records of the aircraft they plan to lease, to make sure they are not getting a dog...
There's nothing unusual about dealing with a lessor like GOAL. There is a tradition of German high-net-worth investors going into asset finance (helped in the past by specific German tax laws) and if I recall correctly, some lessors such as GOAL were established to target this mostly German investor pool.
Or are you suggesting some level of conspiracy theory that I'm missing?
