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Old 4th May 2020, 11:03
  #574 (permalink)  
vikingivesterled
 
Join Date: Aug 2007
Location: Ireland
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Shareholders on board.

The deal seems to involve only flying 7 planes until April next year, only paying leases on them from July and paying additional leases only on any extra planes they will actually be using.
That will make it difficult to rotate the planes in use and keep most flying to keep them all in good condition.
Management seem to be very cautious in their plan for back to business. Leaseholders and bondholders with their loans secured in planes, that now in effect will own the company, should press for flying anything that will take in more than the variable costs. That should include cargo and getting more people in the air by finding a way to make the flying experience seem less of a case for easy virus contaminastion than it normally does. That means less press pictures of stuffed planes and more of cleaning, dividers and physical separation. Can't do that if your target is using as few planes as possible.
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