Originally Posted by
jamesholzhauer
Robin said in the CNBC interview yesterday that a third of the fleet is unencumbered. I don’t know the lease/loan split for the remaining 2/3, it’s in the annual report and I’ll dig it out when I get a few minutes. But those details aren’t as important as the number of unencumbered planes. Either way, monthly payments are due on those 2/3.
it used to be more, before they mortgaged 10 new, fully paid off aircraft to BUY BACK STOCK AT $20/share!