Originally Posted by
paxhauler85
According to the annual report (dated Sept. 30, 2007), heres what we own and lease.
CRJ 200: own 2, lease 57.
CRJ 700: own 8, lease 12.
CRJ 900: own 14, lease 25.
ERJ 145: all 36 leased.
Beech 1900: own all 34 (I think we have sold 20 since publishing)
Dash-8: all 16 leased.
By my count we own 38 airplanes, only 24 of which are jets.
We lease 157 airplanes, roughly 79% of our fleet.
Wow, that's a lot of leases...makes me suspect it's likely that JO will fight on to the bitter end, until he's forced to file Ch.11 (or 7) by outside factors.
If he files Ch.11 pre-emptively, the lessors might just take their airplanes back...ESPECIALLY the 900's and maybe the 700's. Normally a lessor would prefer to help the company to stay in business so they can keep making lease payments, but the 900's (especially) and 700's are hot commodities. The lessor might simply prefer to place them with a stable company rather than deal with BK dynamics.