redtailmsp
Posts: 199
Joined: Thu Feb 12, 2004 1:05 am

NWA A319s

Sat Dec 24, 2005 11:31 pm

So here we are in bankruptcy and have parked around a dozen A319's - and are today taking delivery of two new ones from the factory - fleet numbers 3176 and 3177 I think. No, they are not going to the desert for storage. I presume this is all part of the refinancing of the A330's - maybe I just don't see the big picture. Merry Xmas all.
 
filejw
Posts: 312
Joined: Mon Sep 18, 2000 2:58 am

RE: NWA A319s

Sun Dec 25, 2005 12:42 am

Don't think they have 12 319's parked any more...
 
N808NW
Posts: 358
Joined: Sun Aug 22, 2004 5:03 am

RE: NWA A319s

Sun Dec 25, 2005 2:37 am

The A319s that are parked are most likely ones that the airline leased. They want to get rid of leased aircraft for financial reasons, the details of which I don't know.


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m404
Posts: 1875
Joined: Tue Nov 25, 2003 4:43 pm

RE: NWA A319s

Sun Dec 25, 2005 8:59 am

Didn't they just this week have a press release that new lease terms had been negotiated for some -20s and -19s? Airbus and the engine manufacturer picked them up for them?

Edit

Here's the press release

Northwest got approval for two financing deals Thursday that will help the company add new planes and cut the costs of existing planes. Airbus and United Technologies Corp.'s Pratt & Whitney Engine Division will provide the financing. The U.S. Bankruptcy Court in New York City agreed to keep many specific terms of the pacts - including the total number of planes to be financed - confidential for competitive reasons. The deals give Northwest “a critical restructuring of its obligations for both planes in service and for ones to be delivered,” creditors committee attorney Scott Hazen said. (Associated Press)

[Edited 2005-12-25 01:21:40]
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flyorski
Posts: 725
Joined: Thu Dec 16, 2004 8:23 am

RE: NWA A319s

Sun Dec 25, 2005 9:02 am

Again, check to see if the 319's that are parked are leased. I don't believe NWA would park three and replace them with new ones.
"None are more hopelessly enslaved, than those who falsly believe they are free" -Goethe
 
whitehatter
Posts: 5180
Joined: Sat Jun 12, 2004 6:52 am

RE: NWA A319s

Sun Dec 25, 2005 9:26 am

Quoting Redtailmsp (Thread starter):
So here we are in bankruptcy and have parked around a dozen A319's - and are today taking delivery of two new ones from the factory - fleet numbers 3176 and 3177 I think. No, they are not going to the desert for storage. I presume this is all part of the refinancing of the A330's - maybe I just don't see the big picture. Merry Xmas all.

A common misconception is that all aircraft are either owned or leased from the same company.

Frame 1234 could be owned by the airline via cash or a loan
Frame 1235 could be leased from bank syndicate A
Frame 1236 could be leased from GECAS or ILFC

and so on. So individual aircraft being parked is down to the details of its ownership or lease, and new aircraft need not be from the same money pool.

Just like Boeing doesn't finance all the aircraft it sells, neither do Airbus. In fact the constructors rarely finance anything, but do act as brokers in many cases. Most constructor financing is generally cherry-picked for the most secure and profitable deals, and often resold later on to people like GECAS.
Lead me not into temptation, I can find my own way there...