Originally Posted by
oliver2002
If you read the annual reports you will find that LH had to take write offs on 744 and 343s because they had no resale value and the residual book value was higher.
How old are the 343s? Are they >15 years?
Yea, with so many carriers dumping their old 744s in that past couple of years, I can believe even parting them out wouldn't make sense in most cases. That 5% residual starts to add up when you dump a bunch of airframes all at once...on the other hand, that is cash long since out the door, and what is a few tens of millions in depreciation expense among friends these days?
