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Old 04-28-2012 | 11:12 PM
  #97291  
tsquare's Avatar
No longer cares
 
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From: 767er Captain
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Originally Posted by hoserpilot
Not sure if this has been posted here yet.


AerSale buying 25 of Saudi Arabian’s MD-90s

AerSale buying 25 of Saudi Arabian

AerSale has paid a substantial, undisclosed deposit to acquire 25 of Saudi Arabian Airlines' Boeing MD-90s, according to a source close to the situation.

The Florida-based lessor completed the acquisition of the first MD-90 aircraft (MSN 53506) only yesterday. Saudi will be delivering a further two aircraft later in the month.

AerSale is financing the transaction internally through an all-equity purchase, the source says.

Saudi is selling 24 of the 27 MD-90s it retired from service between 2009 and 2011, as well as one MD-90 it is actively flying as a VIP aircraft for the Saudi royal family, the source notes.

The Middle Eastern carrier will be delivering three aircraft a month to AerSale, culminating in the delivery of the VIP aircraft sometime next year.

Despite Delta Air Lines buying up a slew of MD-90s from China Eastern in 2010, industry sources say Saudi's MD-90 fleet will be more difficult to lease out to airlines. This is due to the harsher flying conditions they have endured, as well as their modified flight decks.

"They [Saudi's MD-90s] are not a standard fit as they have MD-11 style flight decks, making them less desirable in the market," one of the sources notes.

AerSale is nevertheless optimistic about leasing some of the MD-90s to other airlines, while others will be sent for part-out, the first source reveals.

The exact proportion to be leased out will be decided upon following a thorough inspection by AerSale, but the aim is to keep as many aircraft as possible in the sky. "They are still young, built between 1998 and 2000, and have [International Aero Engines] V2500 engines, which is the same engine that Airbus uses," the source says.

AerSale's desire to keep the MD-90s flying bodes well for the future of the aircraft, which has become something of a dying breed. Only 59 of the MD-90s still in existence are currently in service, according to Flightglobal's Ascend Online database, with the remaining 49 in storage. In addition to Delta's fleet of 34 MD-90s in service and 18 in storage, Japan Airlines has a further 12 in service and one in storage.

It is understood that Saudi took the decision to phase out the MD-90s in anticipation of its upcoming deliveries of Airbus A320 and A321 aircraft. Last year, Airbus delivered three A320s, seven A321s and one A330 to the airline, and a further seven deliveries have been scheduled for 2012, according to Ascend Online.
I think I'd be shorting AerSale...
Old 04-28-2012 | 11:34 PM
  #97292  
80ktsClamp's Avatar
Da Hudge
 
Joined: Oct 2006
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From: Poodle Whisperer
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Originally Posted by tsquare
You leave Delta now, and in 10 years you will realize it was the biggest mistake you ever made. Look around you. But you have to decide that for yourself.
While I think I made the right long term play by staying here, you cannot assertively make that statement with certainty.
Old 04-29-2012 | 04:26 AM
  #97293  
Bucking Bar's Avatar
Can't abide NAI
 
Joined: Jun 2007
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From: Douglas Aerospace post production Flight Test & Work Around Engineering bulletin dissembler
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Originally Posted by tsquare
You leave Delta now, and in 10 years you will realize it was the biggest mistake you ever made. Look around you. But you have to decide that for yourself.
T Square, pilots at Delta have not gained any bidding ability in ten years and many were furloughed. A job at Emirates, or FedEx would easily be a better deal going forward.

Delta looks good on a resume. Most here would have little trouble being hired elsewhere.

We will need to look at the numbers in this "production balance" as well as the possibility that ALPA would enforce it. Our history is that we use scope violations to negotiate.

An airplane with 757 CASM is a 757 replacement, irregardless of its size.
Old 04-29-2012 | 04:32 AM
  #97294  
Elvis90's Avatar
On Reserve
 
Joined: Jul 2008
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From: MSP7ERB
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Originally Posted by fly2002
I agree. If a TA comes out with any scope sale my applications will go out elsewhere. Ill be outta here.

And tsquare. I agree with your reply to my earlier post. Using any form of leverage to get rid of 50 seater's that are already on the way out is ridiculous. I hope our negotiating committee is not stupid enough to fall for that.

I honestly think all of these guys are running around with their hair on fire and for good cause. Our union, faced with decertification, still does not have the stones to say that scope in any form is not for sale. As mentioned earlier...it's the silence that is telling the story of what is going on.

Fly2002
You leave Delta now, and in 10 years you will realize it was the biggest mistake you ever made. Look around you. But you have to decide that for yourself.
Why would that be a mistake? I have several friends who have left already. That's the beauty of freedom and free enterprise. I choose to stay, but my rationale may be different from my friends' purposes. A lot of it depends on what your goals are T. Thankfully this is not the military where one is required to salute smartly and simply obey.
Old 04-29-2012 | 04:53 AM
  #97295  
scambo1's Avatar
The Brown Dot +1
 
Joined: Jun 2009
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From: 777B
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Originally Posted by Bucking Bar
T Square, pilots at Delta have not gained any bidding ability in ten years and many were furloughed. A job at Emirates, or FedEx would easily be a better deal going forward.

Delta looks good on a resume. Most here would have little trouble being hired elsewhere.

We will need to look at the numbers in this "production balance" as well as the possibility that ALPA would enforce it. Our history is that we use scope violations to negotiate.

An airplane with 757 CASM is a 757 replacement, irregardless of its size.

When you write or call your reps, which you absolutely need to do BEFORE THE TA is final, remember to include this ^^^Bar nugget ^^^
Old 04-29-2012 | 05:09 AM
  #97296  
Jack Bauer's Avatar
Gets Weekends Off
 
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Forgot To Bid, why did I think of you as I was viewing "34 Pictures That Defy Explanation"?

34 Pictures That Defy Explanation
Old 04-29-2012 | 05:23 AM
  #97297  
RonRicco's Avatar
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Joined: Jun 2009
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From: Captain
Smile

Originally Posted by forgot to bid


Ask him when is he coming back?
When Auburn decides to up his previous salary...
Old 04-29-2012 | 05:28 AM
  #97298  
caddis's Avatar
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Joined: Apr 2007
Posts: 287
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From: 320B
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Originally Posted by Bucking Bar
T Square, pilots at Delta have not gained any bidding ability in ten years and many were furloughed. A job at Emirates, or FedEx would easily be a better deal going forward.
Bar,

FedEx I can agree with, Emirates not so much. Hands down they make better money, but it's not worth it to live in that region.

As I was once told you will never know if you made the right decision until you retire. When I got hired, lates 90s, American and United were they place to go. I only applied there and NWA. Hired by 2 with an interview at the third after I took the offer from NWA. Did I make the right decision? Who knows in hindsight I should have at least applied at Delta and should have taken up offers from friends and family to help me get on at FedEx. But that's today's picture who knows what it will be 10 years from now.

Bar I would not know you if I saw you but the way you come across on the interweb is as a bit of a whiner. From the time I have started following this board you have said that you are going to quit Delta for either a some oppertunity you have going or to go somewhere else. Life is too short Bar, if you truly hate it here so much move on.

You have some great ideas and insight and if I am reading you wrong my apologies.
Old 04-29-2012 | 06:00 AM
  #97299  
forgot to bid's Avatar
veut gagner à la loterie
 
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From: Light Chop
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Originally Posted by RonRicco
When Auburn decides to up his previous salary...
Satchip is getting paid by Auburn?
Old 04-29-2012 | 06:07 AM
  #97300  
forgot to bid's Avatar
veut gagner à la loterie
 
Joined: Apr 2008
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From: Light Chop
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Originally Posted by Jack Bauer
Forgot To Bid, why did I think of you as I was viewing "34 Pictures That Defy Explanation"?

34 Pictures That Defy Explanation
What? Like this can't be explained?

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