Rex owners up Virgin stake
KC.
KC you are spot on. There is not much dumber investment than airlines. Great hobby, job etc etc but dumb investment.
Thankfully there are people still dumb enough to invest in airlines
Join Date: Jul 1999
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Why bother buying 4 more aircraft if you cant crew what you already have!
And as with all the other airlines lease repayments are in US dollars, not a pretty transaction at the moment or for the forseeable future.
By owning the airframe the only exposure to exchange rates will be the engines & parts and insurance, all of which will be pretty low if the aircraft is parked.
By owning the airframe the only exposure to exchange rates will be the engines & parts and insurance, all of which will be pretty low if the aircraft is parked.