zeke wrote:Pelly wrote:I addressed this earlier. Why would QR ground a more efficient aircraft if the issue was COVID and over-capacity? Why would QR extend leases on older less efficient aircraft or bring back aircraft after they have been returned to lessors? Why would QR lease in new capacity?
I think you are following the correct bread crumb trail, follow the money (or lack of money). Who is/isnt paying for the aircraft that are not flying because of claims they are defective (I think they all maybe leased), and who is/ isnt paying for the aircraft they have not taken delivery of.
How much could they save a month doing that, some 77W are leasing at half the rate of a A359.
Do you have indications on QR defaulting on the A350 lease payments or attempts of lessors to impound aircraft? Similarly with aircraft under production, has QR not been making pre-delivery payments? QR has been typically doing sale and leasebacks on their A350 which actually improves their short term cash positions because it releases back the amounts held up in pre-delivery payments. QR had about US$6B cash on hand at the end of March 2021 and participated in substantial capital injections in their shareholdings in the past year including at IAG.