Haircuts....first the staff, now the creditors
Jun 20, 2003, 6:01 am
#1
FlyerTalk Evangelist
Original Poster
Join Date: Mar 2000
Location: Southern Alberta
Posts: 20,550
Haircuts....first the staff, now the creditors
http://makeashorterlink.com/?U3D725EF4
Air Canada is seeking to chop in half the $1.4 billion it spends on aircraft leases each year, the insolvent airline said today in an update on its efforts to restructure.
Edited to correct error
[This message has been edited by airbus320 (edited 06-20-2003).]
Air Canada is seeking to chop in half the $1.4 billion it spends on aircraft leases each year, the insolvent airline said today in an update on its efforts to restructure.
Edited to correct error
[This message has been edited by airbus320 (edited 06-20-2003).]
Jun 20, 2003, 6:54 am
#3
FlyerTalk Evangelist
Original Poster
Join Date: Mar 2000
Location: Southern Alberta
Posts: 20,550
From the monitor's report:
"Air Canada has returned nine aircraft to its lessors, which will save it $43-million on an annual basis. It is currently in talks with its lessors in order to reduce lease payments by more than half, or $720-million a year, and plans to return 31 planes in the next 30 to 45 days."
Anyone know what aircraft type are being returned to the lessors?
"Air Canada has returned nine aircraft to its lessors, which will save it $43-million on an annual basis. It is currently in talks with its lessors in order to reduce lease payments by more than half, or $720-million a year, and plans to return 31 planes in the next 30 to 45 days."
Anyone know what aircraft type are being returned to the lessors?
Jun 20, 2003, 12:39 pm
#4
At Large
Join Date: Jan 2002
Location: oakville Ontario canada;AC*SE
Posts: 16,985
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by airbus320:
From the monitor's report:
"Air Canada has returned nine aircraft to its lessors, which will save it $43-million on an annual basis. It is currently in talks with its lessors in order to reduce lease payments by more than half, or $720-million a year, and plans to return 31 planes in the next 30 to 45 days."
Anyone know what aircraft type are being returned to the lessors?
</font>
From the monitor's report:
"Air Canada has returned nine aircraft to its lessors, which will save it $43-million on an annual basis. It is currently in talks with its lessors in order to reduce lease payments by more than half, or $720-million a year, and plans to return 31 planes in the next 30 to 45 days."
Anyone know what aircraft type are being returned to the lessors?
</font>
Jun 23, 2003, 7:30 am
#5
FlyerTalk Evangelist
Original Poster
Join Date: Mar 2000
Location: Southern Alberta
Posts: 20,550