11-16-2022Quote:
Remember Mesa is the only passenger airline in the US that made a full year profit in 2020. All quarters. Why would JO want to take on the counter party risk of a lease when he has shown that he can operate those airframes at a profit? I repeat, he specifically said in a conference call that he wanted to operate those airframes as 550s for United but that if that didn't work out he would lease or park them. That doesn't sound like a man wanting to get into the leasing business. Would he turn down the money? Of course not, but that doesn't mean it is plan A.
If you gathered all the factually correct statements on APC ever, it would take up less than a page. Add this to the background noise.Originally Posted by Seneca Pilot
Fair enough, but that diversification only goes as far as the health of the lessee. I doubt JO would even lease the acft. to GJ except that United is guaranteeing the payments. OO already cut them off because they couldn't pay. I don't know the history of OO leasing airframes but I would guess they do it because they got stuck with acft. they owned but couldn't place just like Mesa. I doubt it was a deliberate business decision but will stand corrected if they went out and bought aircraft for the purpose of leasing them out.Remember Mesa is the only passenger airline in the US that made a full year profit in 2020. All quarters. Why would JO want to take on the counter party risk of a lease when he has shown that he can operate those airframes at a profit? I repeat, he specifically said in a conference call that he wanted to operate those airframes as 550s for United but that if that didn't work out he would lease or park them. That doesn't sound like a man wanting to get into the leasing business. Would he turn down the money? Of course not, but that doesn't mean it is plan A.
