horsebox, I agree, when the leases came up for renewal I am sure they wouldn't be re negotiated at the same rate. I don't however think that BAE would drop from £6 mil to 1. In efect the new leases would probably be much more expensive to Eastern. I would guess that the price eastern have to pay would probably go up by a factor of about 3 or 4. I am sure you can do the sums!
I don't know much about Eastern these days, but I can only imagine that a large increase in their leasing costs, pressure from flybe competition, and the rescession, can't be making things easy. I do however hope that they are not in trouble, we could all do without any more failures.
Also, being J41 rated and coming from the north east, I look at eastern as a possible semi retirement job.
Last edited by BALLSOUT; 5th Apr 2009 at 17:36.