Originally Posted by
Tranquility
Gotta pay for planes somehow.... I foresee C2018 lasting till....2030?
EDIT: after rereading the article, it looks like some of the debt issued to payoff other debt at a different interest rate. So, some reshuffling of deck chairs?
Taking on low interest debt to pay off high interest debt is usually a good idea. And three years ago there was a long waiting list to get any A320 family aircraft and the demand for them - particularly with the MAX grounded - had driven up prices:
https://www.ft.com/content/a495bc06-...9-6917dce3dc62
Today, with ordering airlines having gone bankrupt or deferring those buys, Airbus is anxious to get the cancelled and deferred aircraft off the lot and can get you one as quickly as they can repaint it - often at at the lowest prices they have ever sold them. And leasing companies that reclaimed aircraft from bankrupt carriers are anxious to part with late model low time aircraft at even lower prices.
Look at the growth plans. Even the aircraft they have managed to move forward from later scheduled deliveries won’t be enough to grow 15-17% per year.
This is the time to be bold, if ever there was one.