Originally Posted by
Telfer86
Pardon my naivety but does the debt goes away when the company is liquidated & it is just a sale of hardware ?
The AOC is owned by the company so you have to buy the company to get the AOC , not my area but how can you say abbra caddabbra all debts disappear
If liquidated the debts go , but also the company goes & thus the AOC is gone
I find the amount owed to aircraft lessors incredible , nearly $ 2 000, 000, 000 or the cost of 20 A320 neos
They can't have been paying leasing costs for months or years , maybe five aircraft lessors each owed $ 400, 000 , 000
That is serious coin & not great form on the part of Virgin
How is the Airline able to fly aeroplanes around now( & incur further maintenance costs , devalue) that they don't own and have not paid lease fees on & are not currently paying any lease fees on.
Is that not a bit cheeky ?
Surely the right thing to do would be return the aircraft to their owner
Might need to dig deeper on leases as I think it’s not quite as you say. I’m not sure anyone can elaborate as it’s all pretty confidential stuff.
AirAsia wanted to push back payments for a month on its 330 fleet and were told when hell freezes over basically. I don’t think Virgin are years backed up.
They might pay quarterly, leasing companies could be using forward figures. Who knows.