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Old 15th Sep 2016, 09:10
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EastMids
 
Join Date: Feb 2002
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According to Aviation Week, the leasing company bought the aircraft from Sing in a sale and lease back deal for $197m in 2007, and Sing pays $1.71m a month for it. Over the 10 year term that's a total of $205.2m. OK, on the face of it $7.2m is a very low return on investment for the lease co, but if it ends up going off to the desert and parts-recovered, I suspect the end result won't be the worst ever. Sing on the other hand is replacing it one-for-one, and might end up paying a not too different amount for a brand new, more efficient airframe that is years away from a cabin refit and heavy overhaul at a time when it arguably doesn't need extra VLA capacity.
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