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Old 28th Apr 2020, 07:59
  #532 (permalink)  
Copenhagen
 
Join Date: Feb 2001
Location: Denmark
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Trouble in lease land.

When should we expect a flybe style impounding of aircraft - before May 5th?

Norwegian are expecting everyone to work for nothing for them. Unpaid staff, unpaid handling companies, unpaid airports. If this happens - maybe, just maybe, the company will survive. Why take the risk to paid off with a worthless share when you can negotiate with an impounded asset?

If the leasing companies move to writing off debt and move to power by the hour, you can expect every other airline to demand the same.

If Norwegian aren't storing the aircraft correctly - and not paying anyone to manage them when parked, the leasing companies would be better taking them back. At least then they have some value in twelve months.

Copenhagen is offline