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Old 08-04-2009 | 02:41 AM
  #46  
deadstick35
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Originally Posted by 320ToBearz
Mike Linenberg - Banc of America-Merrill Lynch

If I could just throw in a few more with respect to the Midwest operation. You’ve already announced new service with two 190s. Are those new airplanes coming from Embraer? Then in today’s press release you talk about a need for nine. So the remaining seven, where are you sourcing those? Any color on that would be helpful.

Bryan Bedford

The first two aircrafts are 2008 model year aircrafts. They were aircraft that were operated under a lease in another country. Those aircraft were returned to the lessor unexpectedly, and we were able to take advantage of that opportunity. We’ve got four. I think the next three to five aircraft are coming off the production line at Embraer directly, but those aircraft are also coming to us with leases in place. Again, I’m very flexible in what we think are very favorable market conditions or market term.

We’ve probably got another call it six to eight aircraft that we’re evaluating. We don’t need six to eight aircraft, but that’s about the size of the 190 pool that we’re currently evaluating. We’ll try to round out the population with the best terms we can negotiate from the pool that’s available. So we’d anticipate that essentially all of the aircrafts are going to be 2008, 2009 model year aircraft, most of them coming directly from the factory. All coming under let’s call them two, three, to five-year operating leases.

Thanks for the info.
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