Bought or leased? Aren't they an Airbus used aircraft partner?
Bought or lease it doesn’t matter the fact is they have a bunch of A346s that they need to find a way to make money off of.
Not so much if they are on the same Fly By Hour template as the HiFly A380, also an Airbus used aircraft partner.
A majority, if not all, were bought, not leased. An example of one of their purchases: https://www.avipeo.com/en/news/airlines ... s-ten-a340
They have also taken on many of VS’s frames.
Also it is not like European Aviation has a large and diverse fleet. The A340-600 and classic 737s have been their main specialty; other than the A340NGs they have a late 90s vintage A343 and a pair of 733s. If the A340NGs are getting no business (sale, lease, or parts) than the company’s revenue is essentially grinding to a halt.
This isn’t a company that came up with a brilliant new idea and then selected the A346 for the job, this is a company that realized ‘oh crap we have a bunch of now basically worthless A346s so let’s find a way to use them’.