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Maybe PSA, with their language change on their mission statement, is going to branch out and do some United CRJ550 flying with all those new hires.
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Did GoJet recall all their furloughed pilots? If so, are they all getting current or just on payroll for cares act compliance?
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Originally Posted by pangolin
(Post 3194542)
I would take that bet. UA is guaranteeing the lease payments to Mesa. There’s a ton more money in leasing them. If GoJet can’t do it then someone else will but Mesa paying for the conversion then operating them isn’t profitable. Getting paid as a lessor whine someone else pays to convert them and operate them, now there’s some money. In the mean time they are flying IAD to OKC, fueling up then continuing to TUS.
Sorry to have to tell you but leasing a plane to another carrier for them to operate at a profit is not more profitable than taking same paid for aircraft and operating it on your own CPA. Easier, maybe, but not more money. |
Originally Posted by Seneca Pilot
(Post 3194675)
Sorry to have to tell you but leasing a plane to another carrier for them to operate at a profit is not more profitable than taking same paid for aircraft and operating it on your own CPA. Easier, maybe, but not more money.
No Mx Costs No cancellation penalties No engine overhaul costs Fixed guaranteed income. Lease holder tax credits. I beg to differ. |
Originally Posted by Seneca Pilot
(Post 3194675)
Sorry to have to tell you but leasing a plane to another carrier for them to operate at a profit is not more profitable than taking same paid for aircraft and operating it on your own CPA. Easier, maybe, but not more money.
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Originally Posted by pangolin
(Post 3194727)
No bearing the cost of conversion.
No Mx Costs No cancellation penalties No engine overhaul costs Fixed guaranteed income. Lease holder tax credits. I beg to differ. And Go Jet will make a profit above all those costs or they wouldn't do the deal. JO might do it because it's easier or the only deal United will give him but not because it is more profitable. |
Originally Posted by Seneca Pilot
(Post 3194798)
And Go Jet will make a profit above all those costs or they wouldn't do the deal. JO might do it because it's easier or the only deal United will give him but not because it is more profitable.
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Originally Posted by pangolin
(Post 3194892)
Right now it doesn’t matter. They are all headed to the desert.
Sent from my Pixel 5 using Tapatalk |
Originally Posted by SevereClear1
(Post 3194893)
Headed to the desert?? We are taking on 2 a month, anything going to a desert is just temporary until the pipeline for conversion opens up. I know a few pilots who have repoed planes from mesa to GJ
Sent from my Pixel 5 using Tapatalk |
Originally Posted by Seneca Pilot
(Post 3194798)
And Go Jet will make a profit above all those costs or they wouldn't do the deal. JO might do it because it's easier or the only deal United will give him but not because it is more profitable.
If it costs 200k a month to lease and 200k a month in direct operating costs and UA will pay any carrier 500k, Mesa makes 200k just to lease them while Gojet clears 100k after paying the lease and all other expenses. Sure Mesa could do it and make that extra 100k themselves but they are making 200k to do nothing while they would have to spend 200k to make that extra 100K. They likely can allocate that 200k to other projects which have a higher return on investment. Obviously this is overly simplistic... |
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