Originally Posted by
N1003U
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?
Good old Ruhnau was already engaged in some nasty currency hedging tricks, so I guess it is not that bad for Lufty. After all, hardly anyone pays less than Lufty for their birds (maybe also because they buy the wrong ones
)
The resale or remarket value will ultimately destroy or even kill the major A380 operators, well there is only one, so EK will bite the dust or should better start printing some money. Too many uncertainties and too many financial obligations tied to all EK A 380 deals with significant doubts about the resale value of outdated airframe and engine technology after the initial deal period plus the guarantees.
In general, if you think about the reputation of LH and LH Technik, it gives you a good idea how other airlines do when it comes to reselling their birds.