Originally Posted by
Astir 511
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
Which in laymans terms means they have an inbuilt insurance to this risk?