analysis?
The bank is advertising the 604 the 605 and the Global 5000 for sale.
Banks dont like owning aircraft.....they have leases strutured to avoid risk.
Banks have good lawyers who ensure the lease is always in their favour.
Banks dont usually end up owning an aircraft and getting burned.
Assumption? - Oceansky must have got burned on this hand back deal.
I cant really believe oceansky just handed those 3 aircraft back and walked away with NO penalty?
If you tried doing that with your motor vehicle or your house im sure the finance company would be rubbing their hands with glee....
Im no financial whizzo but im sure handing back 3 jets to a bank who doesnt want them, in a dead market, has to HURT financially.....
Fact - Oceansky used to operate 3 challengers, now they just have 1. The Global 5000 having effectively been replaced by the G550 I would imagine.
So whatever way you look at it they have shrunk their Challenger fleet back to 1 unit. And my guess is the bank came out better than they did on that.....
Triple Alpha purchase? maybe they like the German CAA more than the UK CAA ;-) will we see the G reg oceansky aircraft adoption a D- in due course? who knows.....
Last edited by Grecian2000; 7th Sep 2009 at 11:57.
Reason: typo