I said:
Originally Posted by Ron & Edna Johns
the airline spent millions on refurbishing the Classics and now they are unsustainable $$-guzzlers
To which you said:
Originally Posted by Going Boeing
Sorry to spoil rumour with fact....
Ummm, so somehow spending millions was only rumour and
not fact?
I stand by what I've said. I also agree with everything you wrote. You have just provided a lot more detail - on some of the thinking and events as they transpired.
The facts remain: a great deal of money was spent on aging aircraft for whatever reason at a time when
serious consideration should have been to turn to newer generation jets, such as B777's. So we are stuck with old aircraft that burn 30% more fuel than an aircraft offering similar ASKs. With oil prices high, the Classic sale value must be diving. At the same time the book value is much higher due to the refurb and will take some years to write-off due to depreciation rules in Aust.
Not exactly a great situation to be in with oil at US$75....
Still, don't worry, the employees can pay for it!!