FlyerTalk Forums - View Single Post - Irish Government backs airlines in battle over customer refunds
Old May 5, 2020, 11:01 am
  #8  
ROKNA
 
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EI has always favoured to own aircraft outright, majority are owned, but the most recent arrivals are all leased. So the 321NEO's are all leased. All C reg hulls are owned by EI.

So EI could sale and leaseback parts of the fleet, but will struggle to find a buyer in the current market as airlines fail globally and demand collapse. Back at 9/11 EI owned everything, and struggled to raise cash despite having a stack of almost new A330's and A320's on the apron, they did managed to do deal on a A330 (EWR?).

Any aircraft which has a lease expiring in 2020 will be handed back very quickly, but I'd imagine EI will fly leased aircraft to the max to get value out of them to preserve the cycles on the owned aircraft.

Aircraft leasing companies are not known for being generous, that said they always worked on the assumption there was a queue of customers available willing to pay, thats not the case today, so any cash in is better than being stuck with an asset parked somewhere where it is costing the leasing company cash. The leasing companies appear to have taken over Norwegian in an effort to keep it going (and get paid)

Last edited by ROKNA; May 5, 2020 at 11:08 am
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