PPRuNe Forums - View Single Post - Merged: Virgin Blue Share Price - how low can it go and for how long?
Old 10th Mar 2009, 21:39
  #568 (permalink)  
TBM-Legend
 
Join Date: Feb 2002
Location: NSW
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your assumptions on the 4 BOC 737's are wrong. I would suggest that VB raised nothing by selling these aircraft as one was not "owned" but rather financed via some other bank - they might have realised a few $$$ but deposits on leases have to be paid too which are held until the aircraft are handed back. The other 3 are simply VB handing over their purchase rights to BOC as lessee. VB probably used the deposits held by Boeing as the deposits for the leases. These deals are done all the time all over the world. Typically airlines including QF have a mix of leased and "owned" [meaning funded by some bank consortium] aircraft. Not many pay cash ever...
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