PPRuNe Forums - View Single Post - Tiger Australia grounded by CASA
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Old 7th Jul 2011, 07:49
  #41 (permalink)  
Cyrano
 
Join Date: Nov 1999
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Originally Posted by Andu
Watch for the aircraft to start being moved overseas, where they can earn the lessors some money.
Perhaps I'm misunderstanding you, but the aircraft are still earning the lessors their money. Merely being grounded doesn't absolve Tiger from paying their aircraft leases.

Now if you're (for example) RBS, with five aircraft on lease there, you are likely thinking about "what if...?" possibilities - but the fact remains that RBS, GECAS and Macquarie still have valid lease contracts with a non-bankrupt airline, so they will (understandably) expect to keep getting paid.

If Tiger wants to send the aircraft somewhere else (ie sublease to another carrier in the short term) to offset their costs, that's another matter (and subject to lessor approval).
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