PPRuNe Forums - View Single Post - BRS stock crashing
View Single Post
Old 20th Feb 2019, 12:29
  #121 (permalink)  
industry insider
 
Join Date: Sep 2006
Location: Inside the Industry
Posts: 876
Received 0 Likes on 0 Posts
SAS

As they are not flying....and the purchase payments are probably still on-going, though possibly offset somewhat by claims against Airbus (if ever paid by Airbus)....it still must be a massive hit cost wise.
No more of a hit than if some 225s were flying and some 92s were idle and still being paid for. All operators have still got spare capacity, there are 92s for sale relatively cheap, <$10m in a variety of colours and that's before negotiation.

212

Yes - I was going to say the same. I can't imagine what they are worth now - less than 20%?
ERA managed about 15 cents on the $ from Airbus.

Same

Bristow bashers should also consider that apart from the 225 grounding there was also shortly afterwards a huge drop in oil prices and a subsequent loss of contracts and therefore redundancies.
The oil price had already halved between June 2014 and Jan 2015, at least 12 months before the 225 crash and subsequent grounding
industry insider is offline