No, fair point. Maybe its just me, but considering all previous references were to the aircraft being returned to the lessor, I read the "then for disposal" point as a further action after its return to the leasing company - as if they were intending to dispose of the aircraft/airframe (which isnt the same as saying VS
were disposing of its services)
Anyway, the intention is very much to find a new home for these aircraft. Undoubtedly they will be tricky to shift but equally the lease rates will be low and they have been well looked after.
At some point they will cross a line whereby they will make more money as scrap. A sad fate for such a nice (and relatively rare) aircraft, but ultimately its purely a financial transaction designed to get the most return for the owners.
As an aside, it would be interesting to know if these aircraft were ever profitable for the leasing company. VS
got an EXTREMELY good deal initially. Now they face either being leased at even lower rates, sold cheaply, or scrapped. It doesnt seem to me that they ever had a period where they were generating a healthy return to the owners (Airbus leasing?) although that in turn depends on how much they paid for them to start with.....
So long 701, it was nice knowing you.