FLY Leasing Sells Six 717 Aircraft — Civil Aviation Forum

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FLY Leasing Sells Six 717 Aircraft

b757capt From United States of America, joined Feb 2004, 1244 posts, RR: 0
Posted (3 months 2 days 9 hours ago) and read 5915 times:

Any ideas where these 6 717s are headed?

Delta?????

http://finance.yahoo.com/news/fly-le...-sells-six-aircraft-203000086.html

The views written by this user are in no manner the views of my employer and should not be thought as such.

11 replies: All unread, jump to last

jetblueguy22 From United States of America, joined Nov 2007, 2053 posts, RR: 1
Reply 1, posted (3 months 2 days 9 hours ago) and read 5897 times:

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17 million? Boy somebody got a deal if you ask me. I doubt the prices for 717s are very high but that sounds super cheap. Perhaps DL saw a deal and decided to grab them? Though I suppose there are a couple other operators that have the type and may want to expand.
Pat

Professor Foltz: You push down on that yoke, the houses get bigger, you pull back on the yoke, the houses get bigger.

b757capt From United States of America, joined Feb 2004, 1244 posts, RR: 0
Reply 2, posted (3 months 2 days 9 hours ago) and read 5832 times:

Quoting jetblueguy22 (Reply 1):

I was so focused on the fact that the aircraft sold I didn't even look at that. 2.7 million a piece is a deal!

The views written by this user are in no manner the views of my employer and should not be thought as such.

MCOflyer From United States of America, joined Jun 2006, 8557 posts, RR: 14
Reply 3, posted (3 months 2 days 9 hours ago) and read 5830 times:

I am guessing these a/c will be headed to Cobham Aviation or Delta.

KH

Never be afraid to stand up for who you are.

compensateme From United States of America, joined Jan 2009, 870 posts, RR: 0
Reply 4, posted (3 months 2 days 9 hours ago) and read 5788 times:

While the leaseholder is changing hands, the operator of the aircraft is not; they're currently operated by Cobham Aviation for QuantasLink. They're the six examples delivered to TW/AA in 2001.

$17 million is the cash proceeds realized from the sale, not the actual sale price.

[Edited 2013-03-19 19:50:07]

dtw9 From United States of America, joined Sep 2003, 1054 posts, RR: 2
Reply 5, posted (3 months 2 days 9 hours ago) and read 5754 times:

The 17 million is a capital gain over what was owed on these aircraft, not what they sold for. Probably sold to a bank or another leasing outfit.

[Edited 2013-03-19 19:55:25]

EK413 From Australia, joined Nov 2003, 3983 posts, RR: 4
Reply 6, posted (3 months 2 days 8 hours ago) and read 5519 times:

Wasn't the order for Cobham Aviation / Qantaslink 5 x B717's...?

EK413

Qantas and Emirates, connecting the globe 1 stop to 65 destinations

RickNRoll From Afghanistan, joined Jan 2012, 509 posts, RR: 0
Reply 7, posted (3 months 2 days 6 hours ago) and read 5198 times:

Australia has a big "FIFO" (fly in fly out) regional network with all the mining companies operating in remote areas. The 717 fits the requirements for this quite well.

RyanairGuru From Australia, joined Oct 2006, 2674 posts, RR: 2
Reply 8, posted (3 months 2 days 6 hours ago) and read 5155 times:

Quoting EK413 (Reply 6):
Wasn't the order for Cobham Aviation / Qantaslink 5 x B717's...?

Yes, the new order is for 5. But these are ones already with QF. All that's changed is the lessor, operationally nothing has changed.

jetblueguy22 From United States of America, joined Nov 2007, 2053 posts, RR: 1
Reply 9, posted (3 months 1 day 19 hours ago) and read 4517 times:

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Quoting compensateme (Reply 4):
While the leaseholder is changing hands, the operator of the aircraft is not; they're currently operated by Cobham Aviation for QuantasLink. They're the six examples delivered to TW/AA in 2001.

$17 million is the cash proceeds realized from the sale, not the actual sale price.

Oh okay. That makes more sense. I'm not much of a number guru so I jumped to conclusions a little quick!
Pat

Professor Foltz: You push down on that yoke, the houses get bigger, you pull back on the yoke, the houses get bigger.

lightsaber From United States of America, joined Jan 2005, 10892 posts, RR: 100
Reply 10, posted (3 months 1 day 17 hours ago) and read 3609 times:

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Wow.

Now Gross proceeds is money before costs:
http://www.investorwords.com/3870/proceeds.html

So this implies they were sold for less than $3 million per aircraft.

This implies:
1. The aircraft were depreciated agressively.
2. Lease rates on the 717 are not too high.

Quoting compensateme (Reply 4):
$17 million is the cash proceeds realized from the sale, not the actual sale price.

That would be net proceeds.

Lightsaber

Life is short, Live it!

compensateme From United States of America, joined Jan 2009, 870 posts, RR: 0
Reply 11, posted (3 months 1 day 12 hours ago) and read 1738 times:

Quoting lightsaber (Reply 10):
That would be net proceeds.

Thanks for the correction -- I had a brain fart last night, including my embarrassing misspelling of Qantas.

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