PPRuNe Forums - View Single Post - Virgin 2.0 to swap A330s and B777s for Boing 787s
Old 16th May 2020, 23:18
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coaldemon
 
Join Date: Jan 2004
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If the Administrators can get the Financial institutions who have loaned money against the B777's to take a haircut then yes they will own them. No real secondary market in wide-bodies right now with Leasing companies offering refinancing at low numbers on the dollar. Not a time to sell them really if they can avoid it. USA won't open up for a long time to Australia though so no where to fly them except on freight operations. As for bringing forward the Heavy maintenance that is the last thing you want to do for cash flow purposes. Every time you open a 12 year aircraft up in a C Check you can expect some nasty surprises. I am sure the Administrator doesn't want to deal with that.... Once they are right to operate to the USA though they may be too big for purpose. Let's hope that this COVID issue comes to an end and things can start to get back to 80% of what was happening before by late next year. I don't like the chances though.
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