By sheer coincidence, JMC sold their four 393 seater L1011-100s today, for far less than the rental of a single A330 for one month.
Sure, they need some doing on them - but at a comparatively minor cost. Obsession with operating the brightest, shiniest, newest toys (plus trying to merge a shell-suit operation with a quality one) has brought JMC to the point it's at today. A similar reason (the brightest, shiniest kit bit) is apparently the principal cause of BWA's downfall as well - in other words, when the cash stops coming in, there's still a massive outflow required to cover the bills.
The lesson is - stick with older kit. It's cheaper in the long run - and you
know it makes sense!
