WINGS From Portugal, joined May 2005, 2831 posts, RR: 68
Reply 4, posted (7 years 4 weeks 1 day 19 hours ago) and read 3548 times:
Quoting Robcol99 (Reply 3):
The news feed probably mispelled it. The actual Istanbul Stock Exchange announcement reads:
Celestial Aviation Trading 45 Limited.
The lease is for 8 yrs btw.
Neither Celestial or Calestial appear on the Airbus Spread Sheet. So they currently don't own any A330. I'm reasonably familiar with all the airlines/leasing companies that have outstanding orders for the A330 and Celestial is not one of them.
Maybe THY will opt to buy those two frames and do a BUY-LEASE back contract?
EI321 From Iraq, joined Jul 2009, 0 posts, RR: 0
Reply 5, posted (7 years 4 weeks 1 day 18 hours ago) and read 3496 times:
Is this a new order? Ive never heard of this leasing company before.
Quoting WINGS (Reply 4): Neither Celestial or Calestial appear on the Airbus Spread Sheet. So they currently don't own any A330. I'm reasonably familiar with all the airlines/leasing companies that have outstanding orders for the A330 and Celestial is not one of them.
Its possible that they are a subsidiary or shelf company created specifically for this lease.
Each customer is treated seperately. In some cases the frames may be owned by Airbus. Celestial is just one link in a convoluted chain. The following link shows how such transactions are structured, but not all information may be released due to differing Regulatory requirements under different jurisdictions.
Here's an example of another such structure, the one in question. You just have to pay to get more details, even then you won't get them all.
I agree, we all know that they wanted 330/340 leases sooner, maybe couldn't get anything in before that date. TK long haul fleet will be in crunch next year, knowing 3 A310s will be converted to freighters by then and the commencing of JNB/CPT next month. That leaves no room to grow for a year and a half, unless they lease more.