hOMSaR wrote:wrongwayup wrote:Amiga500 wrote:
No, no, no.
This won't be new frames, these will be the old off-lease frames. Same as for other charter ops.
Ok, fair enough. High six-figure monthly rental cost for a ~12y/o A380 instead of seven-figures for a new one. Same outcome.
What monthly rental cost? Amedeo owns the plane and, presumably, is foreseeing a circumstance where they have no other use for it (no other airline wanting to lease it). So, for them, the plane is essentially free.
This is the Sunk Cost Fallacy. Commercial aircraft (the A380 and its' 9-figure price tag) are rarely purchased with cash, so ignoring the initial value and ongoing payment obligations (debt service, rental, whatever) is a one-way ticket to insolvency. You are just postponing the inevitable.