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Old 3rd Jun 2008, 10:51
  #1200 (permalink)  
Cyrano
 
Join Date: Nov 1999
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Originally Posted by SquareOne
'Offered' two of the aircraft. Forgive me if i'm wrong, but that sounds ludacris to me considering their in talks with these investors.
To add to what Flying Brain has already said: the lease contracts for the aircraft will specify that if the airline goes into administration it's an "event of default", i.e. the leases are no longer valid. I'd expect that - especially in a falling market - the lessors will be out trying to find alternative homes for their aircraft as quickly as possible. Doesn't sound remotely ludicrous to me.

C.
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