Originally Posted by
H46Bubba
We have 6 currently waiting to be returned to the leassor. All those are sitting over at the Heavy Mx Hangar. Eight are due to be returned next year. I think our leases are for a term of 10-15 years. I'd have to dig a little deeper to find out.
Quick math tells me that all of the original leases are expiring then. I am not sure what was re-leased during the BK and what the terms were though. SB did come into our recurrent class a little over a year ago though and basically told us this. Said we would all find ourselves ferrying aircraft off the property and back to the lessor when the leases were up. I use to think only 2% of what he said was believable, but I guess he is gaining credibility. We'll go with 3%.
So do we rebid our vacations now since everyone is moving around? Or is that not important because nobody will be around to get a paid vacation.
Isn't there something in our contract that says our fleet can't be reduced below pre-BK levels?