Originally Posted by
eagleatr
I think they are refinancing the current fleet of 757's, which were for sale, the last I knew.
This is correct. We owned the 6 outright and are just taking a loan out on them at a low rate so we can have cash to acquire more Airbus ( or whatever else) if we can find a deal. It's a 4 year term on the loan so unless they pay it back early, we'll be keeping the 757's a awhile longer.