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Thomas Cook Sells Aircraft To Raise Cash  
User currently offlinevirgincrew From United Kingdom, joined Oct 2004, 422 posts, RR: 1
Posted (4 years 2 weeks 7 hours ago) and read 6921 times:

Thomas Cook has agreed to sell and lease back 17 of its aircraft to raise £183 million to strengthen its financial position.


I personally think this is a great way to inject cash and save on aircraft maintenance costs etc....

I really hope Thomas Cook comes through this, I think they got too big too soon, i.e. My Travel & Co - Op etc...

Hello Beautiful !!!
2 replies: All unread, jump to last
User currently offlineJRadier From Netherlands, joined Sep 2004, 4814 posts, RR: 36
Reply 1, posted (4 years 2 weeks 5 hours ago) and read 6621 times:

Quoting virgincrew (Thread starter):
I personally think this is a great way to inject cash and save on aircraft maintenance costs etc....

It is a sale and lease-back solution, so it won't matter on maintenance costs (that still has to be done by the airline) and is a financial matter only. Basically what happens is that Thomas Cook gets cash free on hand against (most likely) slightly higher ownership costs in the future. Considering the financial position of the company probably a very good idea, although it remains to be seen how fast they burn through this money.

For once you have tasted flight you will walk the earth with your eyes turned skywards, for there you have been and ther
User currently offlineplanesailing From United Kingdom, joined Jul 2005, 819 posts, RR: 0
Reply 2, posted (4 years 2 weeks 5 hours ago) and read 6517 times:

How does this affect those that already have financial agreements in place for secured loans as these aircraft are a good asset to recover money against should the worst happen.

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