Originally Posted by
dera
That's not at all what I said. I said it won't help their balance sheet, which is atrocious right now compared to the other 2.
Based on your comments I am guessing you think they have those new deliveries already in their liabilities but not their assets.
I never said that sale/leaseback would do anything to their balance sheet; just that they will acquire the aircraft in that manner; standard stuff. To be clear, I'm not obsessed over their balance sheet. There are multiple ways that the company can raise additional capital so it's not an issue.
I don't waste my time reading airline balance sheets anymore. They rarely reflect reality. You really need to stop obsessing over this.
Have you ever taken an accounting class? Did you forget the joke the professor told on day one about the 3 accountants applying for a job? Apparently.
Airline accounting is worse than Chinese ADRs. Which in reality aren't even ADRs.