Originally Posted by
exfocx
"... lessors willing to provide $AUD30 million for 15 of Rex's fleet of 60 unencumbered Saab 340 aircraft ..."
I think you may have stumbled across someone's cunning plan. If what someone else said is correct ( value 700k each) and they get financing for 30m, what's the likelihood that the financing is done via a tax haven and the inflated lease costs are sucking up a large slab of any profit tax free.
There is something decidedly odd going on there, let's just put it that way.