Sounds like a total of 116 will be done by end of year, last 3 in Q12022, and 11 never to be modded and then returned to leasing companies upon the completion of their leases.
Regarding retrofitting mint 2.0, I’ve heard it asked, and the answer has always been something along the lines of “we don’t have plans to do it, especially as our capex is still limited, but we are always evaluating our product.”
I hope they will do a mid-life cabin refresh and put the new NEO seats/IFE/FlyFi in them (as well as in the core 321s and phase 1 320s). But I’m not sure that there will be a huge (or any) ROI on it. Phase 1 320 and 321CEO mint/core product might just be “good enough.”
I’m guessing somewhere in 2023-25, profitability will be good, debt will be paid down, the balance sheet will be well on its way to being repaired, and I hope we see that sort of refresh. It would be nice to have a consistent interior product. But that also begs the question—will the 190s get some sort of mod, will they stay status quo with old, tired interiors…or will they exit the fleet.
Thanks for the update. That's good to know.
I'd think E90 is more in need of some sort of refurbishment if a good number of them are kept around until close to end of this decade. Small capex to keep increasing their fleet size.
They are scheduled to 65 A321s + A220s over 2023/2024. That sounds like a lot, but all the un-modded A320s probably will be returned during by end of 2024 I don't see how they can also return/retire most of the E90s without completely stopping growth. I guess they could buy some used A320s, but there is cost to bringing that in also. So, my guess is having a subfleet of 30 E90s that will be around past 2025 that will need to be refurbished.