And how about this bit of poor risk management?
Airlines must pay for a “C-check” full-service maintenance on leased aircraft at the end of a lease, to ensure the plane is in top condition. Experts say this can cost up to R8m an aircraft. Yet SA Express, which has a fleet of 16 aircraft, has not set aside a cent for this full-service overhaul because “it is not practical to quantify the costs of restoration”.
Is that prudent? This year alone, leases on at least three of its aircraft expire and, with no provisions, SA Express will rack up large maintenance costs soon.
Blah-Blah-Blah
Does this journo know the details of Lease Agreements for the 4 additional CRJ's? If he did, he would not boast about things he "stumbled" upon...
Lets just say that a significant % discount on Lease Rates makes R8 mill per C-Check insignificant, does it not...? Especially considering that SAX does C-Checks on a monthly basis, so surely they know the costs involved.
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