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Old 26th May 2010, 22:21
  #3416 (permalink)  
DjerbaDevil
 
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See posting 3419, 16 May 2010........and thanks for the G-LSAK photo....

Some curious facts about the two B767-319(ER)'s that were part of the FlyGlobespan fleet namely G-CDPT and G-CEOD.

The two airframes mentioned above were leased by FlyGlobespan in 2006 and 2007 respectively from International Lease Finance Corporation (ILFC). Then on 19 October 2009 both airframes were flown from Glasgow to Jeddah and they were leased from FlyGlobespan by NAS AIR, a loco based in Jeddah, Saudi Arabia. This leasing is still valid today according to updated stats (18MAY2010). According to the NAS AIR web site and other sources, their own fleet is less than two years old and comprises of A320's and Embraer ERJ-190AR's and have a destination area from Jeddah that is coverered adequately by their actual fleet without the need of two B763's. Also there is no evidence that they ever used the B763 airframes in question and flew them almost immediately after their arrival in Jeddah to Shannon and Miami to be stored. It may be worth mentioning that in October 2009, FlyGlobespan were having serious problems with E-Clear, their credit card clearance agency, and there were claims that an amount close to 35 million pounds was owed to FlyGlobespan. It was at the time becoming obvious that survival of the airline was in doubt, so the discreet departure of these two B763's probably marked the beginning of the end.

Storing one airframe in Ireland and another in Miami, USA, would have been a commercial decision to have the aircraft available for any interested European or American client.

According to the UK CAA one of the airframes belongs to ILFC but not the other, although both their owners have Dublin adresses.

If it is correct that ILFC own the two airframes in question, then why would they allow them to be leased by FlyGlobespan to Nas AIR at such a precarious financial moment in FlyGlobespan's history? Also why would Nas AIR lease the airframes if they had no intention of using them and flew them from Jeddah to Shannon and Miami to be stored? Does this mean that JET2 are negotiating the deal with Nas Air or with ILFC?

Perhaps behind the scenes the airframes are owned by Saudi Arabian investors who are being represented by the International Lease Finance Corporation (ILFC). This would explain the "leasing" deal by a Saudi Arabian airline and flying the aircraft to Jeddah to make it look like a normal low season or winter reduction of carrying capacity, albeit during a difficult financial period for FlyGlobespan.
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