Originally Posted by
crundale
a buyout and a dry lease are very different things.
I agree completely, Crundale. The flyMe press release is pretty heavy on the spin - it seems to me that flyMehave backed off the basic deal pretty much completely, and this "we'll lease a couple of your aircraft" is a fig-leaf, and a small one at that.
I find this whole "we at flyMe are going to be one of the leading European LCCs" thing pretty incredible (in the literal sense) too. If you look at the company's performance, it's lost money heavily in the last couple of years, it seems to have spent more time doing share swaps, buybacks and miscellaneous complicated equity flips than actually developing an airline business, and all in all I have to wonder where flyMe's funding is coming from as it certainly isn't from running an airline!
