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Old 1st Sep 2019, 00:47
  #78 (permalink)  
coaldemon
 
Join Date: Jan 2004
Location: melbourne
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They did try to sub lease some of them and actually got one painted up in Jetgo colours. That didn't even make it through the delivery flight before they went down. While the original reason to mothball the fleet didn't seem to have much thought behind it GH was well know to want to cut back on expensive crew. As for letting these out now talking to one of the leasing companies looking at the aircraft they are not in good condition now. It means the $45 Million in leasing costs is going to be nothing compared to the lease return cost. That is going to be well above that number.

Knowing that there simply aren't a spare 750 people in the head offices it does mean there is more to the redundancies then just the office. I hope thy keep going but there now needs to be some pretty drastic action and it looks like it is coming. Not too many things that can be done without causing financial or regulatory issues. As for the cash position it is good to see KN back in there. He is a good operator so hopefully he can keep it all looking good.
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