JRadier From Netherlands, joined Sep 2004, 4797 posts, RR: 46
Reply 1, posted (3 years 9 months 22 hours ago) and read 6501 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