Originally Posted by
Colonel_Klink
Second hand 737s would be almost worthless at the moment. Given the clear surplus of aircraft around the world even after COVID19, and the 100s of Max aircraft sitting on the ground - who is going to be buying up these old 73s?
It is the one thing in VAs favour when dealing with the leasing companies - if those companies want to see any cash, they are going to have to come to the table with a good deal. It may be the saving grace for the A330 too - the moronic leases on those aircraft may come back to be something far more reasonable.
Everyone seems to say the leasing companies will bow down to what ever VA want to pay in cost and if they don't well come take your AC back, if it were that simple wouldn't more companies go into administration more often to clear their debt to a manageable level?.
If by a miracle Virgin actually survive would any further growth be inhibited by leasing companies telling them to jump as they owe them millions for the last failed venture then possibly have to stump up cash for AC which they wouldn't be able to?
Leasing companies won't just give them deals to not have them sitting in their backyard. I'm sure they would rather them sitting in their backyard then companies using them and always late or never paying up.