All OzJet B732s were actually 'owned' by NL or his various offshore hidey-holes. If Wells Fargo Bank got involved they are bloody slow learners. They got burned with the Air Nauru 737-400 and that was a sweet ship, worth about 14 million at the time, not a collection of junk now worth less than 10% of that in total.
It is probable that liens were held over the aircraft by creditors like Perth Airport and the MRO in Indonesia, so maybe Wells Fargo bought the debt. Who knows? Contrary to what people may think, NL actually did have a business plan. It may have been - ahem - " unconventional " - but it worked well for him. If he has also ripped off Wells Fargo Bank then he is one cunning stunt. But all this is pure speculation. Heavy Cargo, where are you? Can we have your version?
Last edited by Mach E Avelli; 3rd Sep 2009 at 15:31.