Australia, New Zealand & the Pacific Airline and RPT Rumours & News in Australia, enZed and the Pacific

Rex owners up Virgin stake

Old 5th Nov 2008, 03:02
  #21 (permalink)  
 
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KC.
Thankfully there are people still dumb enough to invest in airlines
KC you are spot on. There is not much dumber investment than airlines. Great hobby, job etc etc but dumb investment.
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Old 5th Nov 2008, 06:43
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Why bother buying 4 more aircraft if you cant crew what you already have!
because it is probably cheaper and better to have an OWNED aircraft parked as opposed to a leased one, where you still have to pay a minimum hours per month.
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Old 5th Nov 2008, 06:50
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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.
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