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Old 31st Mar 2024, 20:05
  #1881 (permalink)  
 
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Originally Posted by Vokes55
I donít care. Iím merely stating that they will need to fly more often than the current Jet2 fleet does for the fuel savings to come anywhere near offsetting the lease/purchase costs of expensive new aircraft.



Only SUNB of the current fleet is owned, the rest are leased.
SUNB is owned by Jet2.com Limited the others are chartered from Jet2 plc with finance secured against them, that's not the same as leasing....the assets are still owned by Jet2.
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Old 31st Mar 2024, 20:05
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A330 Lease

Does anyone know if there is going to be a 3rd A330 leased this year? Last year it was the W2F and year before the Wamos
Thanks
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Old 31st Mar 2024, 20:08
  #1883 (permalink)  
 
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I remember a while back, someone at Thomson said "a 787 costs the same as a 767 when it's parked - it's only when it's in the air that it's saving money".
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Old 31st Mar 2024, 20:12
  #1884 (permalink)  
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Originally Posted by Vokes55
I donít care. Iím merely stating that they will need to fly more often than the current Jet2 fleet does for the fuel savings to come anywhere near offsetting the lease/purchase costs of expensive new aircraft.
Jet2 management thank you for your insight and business acumen. They'd like to offer you a highly paid management position as none of them had thought of that beforehand.
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Old 31st Mar 2024, 20:18
  #1885 (permalink)  
 
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Originally Posted by Karl Denton
Does anyone know if there is going to be a 3rd A330 leased this year? Last year it was the W2F and year before the Wamos
Thanks
No, just 2.
The plan was for all 3 to come from air tanker however due to changing situations AT couldnít guarantee the 3rd jet would be available all summer long, so J2 opted for the 2 ETF 738s instead.
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Old 31st Mar 2024, 20:19
  #1886 (permalink)  
 
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Originally Posted by Kevgti
SUNB is owned by Jet2.com Limited the others are chartered from Jet2 plc with finance secured against them, that's not the same as leasing....the assets are still owned by Jet2.
Leased, owned, chartered, the result is the same - new aircraft are expensive.
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Old 31st Mar 2024, 20:23
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Originally Posted by Vokes55
Leased, owned, chartered, the result is the same - new aircraft are expensive.
Nonsense.

You can rent a house, you can pay a mortgage, or you buy with cash.

Renting a house is costly, you lose money and have nothing to show for it at the end of your tenancy.

Paying a mortgage is also costly at the beginning, but once itís paid off then you have an asset thatís all yours and have all the benefits of it.

Buying outright is the optimal, you have the asset to do as you like with, and none of the ongoing overheads.

Jet2 are using a mixture of the last two options for their purchases, just like they always have done.
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Old 31st Mar 2024, 20:30
  #1888 (permalink)  
 
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Originally Posted by 1889LS

When you make financial decisions youíve got to look further ahead than the end of your own nose.
Absolutely that!
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Old 31st Mar 2024, 23:22
  #1889 (permalink)  
 
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Originally Posted by 1889LS
Nonsense.

You can rent a house, you can pay a mortgage, or you buy with cash.

Renting a house is costly, you lose money and have nothing to show for it at the end of your tenancy.

Paying a mortgage is also costly at the beginning, but once itís paid off then you have an asset thatís all yours and have all the benefits of it.

Buying outright is the optimal, you have the asset to do as you like with, and none of the ongoing overheads.

Jet2 are using a mixture of the last two options for their purchases, just like they always have done.

Whilst your point generically is correct housing is a poor comparison.

Houses generally appreciate in value and donít fall obsolete, which aircraft will do as new tech comes on board.

The big thing with jet2 now though, both in terms of the NEO and the oversees bases. Jet2 are now primarily a charter airline filled by pax from their in house holiday division, not an LCC, which they were in their first 10 years of ops.

They will always sell enough holidays to make their new a/c financially viable so have no need to operate Ďaway based flightsí like RYR or EZY/EJU. The same as with overseas bases, because they are now essentially a uk tour operator they wonít operate flights from the Ďdestinationí to the uk. They may put a couple of spares down route but they wonít operate revenue flights from for the example ALC - UK - ALC.
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Old 31st Mar 2024, 23:38
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Originally Posted by Vokes55
Leased, owned, chartered, the result is the same - new aircraft are expensive.
Not quite correct. Jet2 have negotiated a price to buy direct from Airbus. They are now choosing to draw down finance against these assets which will be worth more than what Jet2 paid for them (United would grab these.planes in a breath to fill the Max 10 void). Very different from leasing a A321neo from a lessor. As always Jet2 are very astute when it comes to money
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Old 31st Mar 2024, 23:52
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Originally Posted by SWBKCB
Though still no clarafication about how RYR's Stansted base (and all the other RYR UK bases) is different to a Jet2 base in PMI or ALC (or an Iberia base at LHR)

The is no difference between a Ryanair base at STN and a Jet2 base are PMI/ALC. However, if Ryanair wasn't to fly inside the UK they need to do so on a G- reg and equally if Jet2 want to fly inside EU, they need an EU reg. As you know Jet2 don't do that so they don't need an EU operating airline or EU reg aircraft. This all relates to scheduled services.

There can be exceptions and we've seen some of those, an example would be Aer Lingus UK swapping out one of it's G- reg 330s for an EI- reg example to cover maintenance. Equally, EI axed BHD/LHR as they'd have needed a G- reg to do so and adding a single 320 to the UK licence would have been impractical. There are exceptions like the EI UK example with the 330, but I don't have visibility of the specifics.

I note that Charters too may have more flexibility as TUI and Jet2 charters ex Dublin were flying Ireland to Europe (ski, sun and Lapland trips).

As another point mentioned earlier. Jet2 have not had any aircraft or crew cases in ALC since pre pandemic. They can do that with existing operating licences to/from UK for operational efficiency, if they wanted.
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Old 1st Apr 2024, 10:06
  #1892 (permalink)  
 
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The downside of any holiday flight operator basing the aircraft at the Mediterranean end is that it shortens the available holiday for the customers, by about half a day. First thing departures from say Alicante at 0800 means getting out of your hotel at maybe 0400, and the return even from this first wave won't have you on the beach until the sun is going down. As people move away from the classic fortnight with back-to-back flights, to shorter holidays (many mainstream Jet2 routes are now pretty much daily, to allow this flexibility), it's a notable loss.

Regarding hotel baggage drop on the return, it's really of no consequence, because whether you do so, or wait until the airport check in, the coach comes at the same time !
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Old 2nd Apr 2024, 10:33
  #1893 (permalink)  
 
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Anyone know why the Jet2 website has not been working for almost a week ?
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Old 2nd Apr 2024, 10:36
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Originally Posted by occasional
Anyone know why the Jet2 website has not been working for almost a week ?
Itís fine for meÖmaybe trying clearing your history and cookiesÖ
https://www.jet2.com
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Old 2nd Apr 2024, 11:03
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As usual on these forums, those who can't bear positive news or a success story have to start thinking of ways of predicting uncertainty or doom for a particular airport or airline.
Looks like Jet2 is the next target with warnings about new aircraft costs etc.... As I have said before the airlines and airports of this country must be devastated that they have missed the opportunity
of employing so many 'armchair CEOs' who obviously know better!

Last edited by vectisman; 2nd Apr 2024 at 13:10.
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Old 2nd Apr 2024, 11:10
  #1896 (permalink)  
 
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That's a bit of an over reaction, surely? To be honest, though, I'm now getting curious about the level of defensive response!
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Old 2nd Apr 2024, 11:13
  #1897 (permalink)  
 
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No just a comment. I have no connection with the airline so no need to be defensive. I was just making a general observation.
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Old 2nd Apr 2024, 12:39
  #1898 (permalink)  
 
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To be fair, itís always the same people making these comments.

Sometimes you just canít argue with stupid.
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Old 2nd Apr 2024, 14:24
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Jet2 Holidays has announced hundreds of redundancies in Spain, inc. airport staff. Feels like a bolt from the blue!

https://www.travelmole.com/news/jet2...dtYWlsLmNvbQ==

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Old 2nd Apr 2024, 15:18
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Originally Posted by SealinkBF
Jet2 Holidays has announced hundreds of redundancies in Spain, inc. airport staff. Feels like a bolt from the blue!

https://www.travelmole.com/news/jet2...dtYWlsLmNvbQ==
Was discussed some days ago
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