GoJet Growth
02-13-2021, 07:24 AM
#63
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Originally Posted by pangolin
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.
02-13-2021, 09:31 AM
#64
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Originally Posted by Seneca Pilot
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.
02-13-2021, 10:35 AM
#65
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Originally Posted by Seneca Pilot
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.
02-13-2021, 12:15 PM
#66
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Originally Posted by pangolin
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.
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.
02-13-2021, 06:54 PM
#67
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Originally Posted by Seneca Pilot
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.
02-13-2021, 06:56 PM
#68
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Posts: 219
Originally Posted by pangolin
Right now it doesn’t matter. They are all headed to the desert.
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02-14-2021, 11:34 AM
#69
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Originally Posted by SevereClear1
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
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02-16-2021, 01:04 PM
#70
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Originally Posted by Seneca Pilot
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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