Legacy135 From Switzerland, joined May 2005, 1052 posts, RR: 26
Reply 2, posted (9 years 3 months 2 days 5 hours ago) and read 4491 times:
Most serious leasing companies won't say you a rate just like this. The problem is, the rate depends strongly from the risk they are going to take. So before going to give you an answer, they want to see your business case and structure of finances. Once they made their analysis and risk management gives a green light, they will come up with very straight figures.
Cheapest leasing you get normally from a lessor who has a couple of his airplanes - being in a long term contract - on ground. It can happen, that they leave it to you cheaper than what they need to pay for, just because it's to minimize lost of money.
PlaneSmart From New Zealand, joined Dec 2004, 947 posts, RR: 0
Reply 3, posted (9 years 3 months 2 days 1 hour ago) and read 4395 times:
Legacy135 you are right. A leasor is going to want to see your business plan, finances, bank/s, customer contracts (for example if dealing with a travel wholesaler), supplier contracts (fuel, airport, ground services, etc), shareholders and execs.
A start-up is going to be looked at more closely, and with dare i say it, less enthusiasm, than an existing, mature business.
The lease cost will be determined by the actual aircraft, terms and conditions inc hours/cycles, prevailing interest rates, country risk, financial position of airline, track record and ability of shareholders and execs.
Mandala499 From Indonesia, joined Aug 2001, 6895 posts, RR: 76
Reply 6, posted (9 years 3 months 1 day 13 hours ago) and read 4225 times:
Well, Garuda got their 734s from GECAS at 115k - 125k USD a piece for the PK-GZ* batch... and their GH* batch was about 100k - 115k USD... per month if you plan to fly them for about 250 a month at a 1H flight to 1 cycle ratio. These were 2002 prices... and aircraft only... They've gone up again.
Bear in mind that it all depends more on your financial backing (lease guarantees etc) that will decide the leasing rate.
If you want to be a broker, then just take a commission on the lease payments and stop at that... why bother going into the airline's market risk ?
Get a top bank to issue an unconditional guarantee for 6 months lease is an absolute minimum (for airlines in Indonesia), otherwise not even the local brokers wanna look at you. Forget the business plan, but the leasing company is more likely to look at relocation, re-registration, re-inspection, and expected in-between customers idle time... And yes, screw the business plan if you got the right financial guarantees...
Maintenance guarantees (regarding standards) from a MX shop (choose carefully!) makes a lot of difference.
However, that's the condition here... may not be applicable elsewhere.
When losing situational awareness, pray Cumulus Granitus isn't nearby !