|Quoting Echster (Reply 4):|
Doesn't the Ex-Im finance at approximately 85% of the net-net total on most occassions?
yes, my point is that CI
tend to finance as much as they can if they finance from any institution, so its not likely they will pay half the cost and finance the rest. Besides which while they are consistently profitable, they don't make hundreds of millions $ profit like CX
(probably because their insurance premiums are so high!!) so they have less cash for outright purchases.
Of course pre existence of BR
, they could have , and did, go to the ROC
CAA and get the Taiwan govt to buy the plane and they leased it at submarket rates! Thats how they got their first 744s and MD11s in the early 90s!