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Old 14th Oct 2011, 18:50
  #2029 (permalink)  
racedo
 
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According to Jethro's, the 3 aircraft are cancelled and are possibly now destined for Southwest.

The last five airframes were sold to a leasing company on delivery and leased back.

Does MOL have a cash flow problem ?
Lets see you buy aircraft from Boeing at a very cheap Purchase price, funding provided by US Export bank at a very low interest rate, you then sell it to on a Sale and Leaseback deal at close to Market Value...............not Purchase price and you figure they have a cash flow problem !!!!!

Companies who have cash flow problems will struggle to get good deals........somehow I think the Leasing companies were bidding like crazy to get this one.
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