Flying-tiger From Germany, joined Aug 1999, 4161 posts, RR: 36 Posted (7 years 3 days 17 hours ago) and read 2321 times:
Shanghai goes A321:
Quote: Shanghai Airlines Co. said Friday its board has approved a plan to buy five A321 planes from Airbus to expand its fleet and sell four B757 craft to Aircastle and lease them back.
The catalogue price of the Airbus planes is about US$370 million, but the actual price will be lower than that, said the Shanghai-based carrier, adding that the delivery of the planes is scheduled between 2011 and 2012.
PADSpot From Germany, joined Jan 2005, 1676 posts, RR: 5
Reply 1, posted (7 years 3 days 16 hours ago) and read 2220 times:
If they can't fill the 757 entirely and don't need the additional range, the A321 is way cheaper to operate. As their 757 are also pretty new there is still a lot of capital cost on them. Is see the Sale-and-Lease-back arrangement as some sort of first step in getting rid of them.