Redtailmsp From United States of America, joined Feb 2004, 206 posts, RR: 2 Posted (8 years 8 months 2 weeks 9 hours ago) and read 1644 times:
So here we are in bankruptcy and have parked around a dozen A319's - and are today taking delivery of two new ones from the factory - fleet numbers 3176 and 3177 I think. No, they are not going to the desert for storage. I presume this is all part of the refinancing of the A330's - maybe I just don't see the big picture. Merry Xmas all.
M404 From United States of America, joined Nov 2003, 2226 posts, RR: 5
Reply 3, posted (8 years 8 months 1 week 6 days 23 hours ago) and read 1292 times:
Didn't they just this week have a press release that new lease terms had been negotiated for some -20s and -19s? Airbus and the engine manufacturer picked them up for them?
Here's the press release
Northwest got approval for two financing deals Thursday that will help the company add new planes and cut the costs of existing planes. Airbus and United Technologies Corp.'s Pratt & Whitney Engine Division will provide the financing. The U.S. Bankruptcy Court in New York City agreed to keep many specific terms of the pacts - including the total number of planes to be financed - confidential for competitive reasons. The deals give Northwest “a critical restructuring of its obligations for both planes in service and for ones to be delivered,” creditors committee attorney Scott Hazen said. (Associated Press)
[Edited 2005-12-25 01:21:40]
Less sarcasm and more thought equal better understanding
WhiteHatter From , joined Dec 1969, posts, RR:
Reply 5, posted (8 years 8 months 1 week 6 days 23 hours ago) and read 1239 times:
Quoting Redtailmsp (Thread starter): So here we are in bankruptcy and have parked around a dozen A319's - and are today taking delivery of two new ones from the factory - fleet numbers 3176 and 3177 I think. No, they are not going to the desert for storage. I presume this is all part of the refinancing of the A330's - maybe I just don't see the big picture. Merry Xmas all.
A common misconception is that all aircraft are either owned or leased from the same company.
Frame 1234 could be owned by the airline via cash or a loan
Frame 1235 could be leased from bank syndicate A
Frame 1236 could be leased from GECAS or ILFC
and so on. So individual aircraft being parked is down to the details of its ownership or lease, and new aircraft need not be from the same money pool.
Just like Boeing doesn't finance all the aircraft it sells, neither do Airbus. In fact the constructors rarely finance anything, but do act as brokers in many cases. Most constructor financing is generally cherry-picked for the most secure and profitable deals, and often resold later on to people like GECAS.