Originally Posted by
B772
VA has not announced any success with raising cash from the sale of assets. They may have left it too late in the case of the B777-300ERs. CX sold 8 last week. Now we hear the DL has been offered B777s for $10M.
Re DL, that is old news from a couple of years ago, and that was for aircraft due D-checks with little engine hours, so not directly comparable. With widebody financing, the banks aren't primarily focused on the aircraft, it is all about the credit worthiness of the airline, so a QF or CX have it much easier than a VA. The last thing a bank wants to do is try and sell a repo'd widebody, especially in these conditions.