Originally Posted by
SOPS
The leasing companies want their aircraft returned to them in the condition in which they were supplied to TCX UK. This apparently will require something of the order of 40 engine changes. Unbelievable.
In my past life as a pilot, I have been through returning aircraft back to a leasing company. And the paper trail is huge. And the above poster is correct .. they MUST be returned as they were delivered.. and as I said.. the paper work must confirm it all.
The on wing engines will be in a condition that (subject to ongoing maintenance) will allow them to continue in service. The Lease Return Conditions that "Require 40 Engine Changes" are purely to meet Lease Return Conditions (LLP Stack Remaining Life, and Workshop TBO)
The aircraft are being re-possessed by Lessors, and any claims they may have will be subject to the usual process of Administration and they will receive practically nothing.
However the Lessors will have amassed Maintenance Reserves (Normal Ongoing Lease Contract contributions to future Maintenance costs at lease termination) so they will not be overly exposed financially