More Black Planes For Air Nz

[deeknow]

QUOTE (Link148 @ Nov 16 2011,9:15 AM) <{POST_SNAPBACK}>

think you will find that most of the 737's were leased as well.

Yeah seems like maybe 5 of the classics are owned outright, the rest leased from ILFC, AWAS and GECAS...
http://www.planespotters.net/Production_Li...p;fleetStatus=1
Was a similar pattern for the original 100-200 series machines, mostly leased, a couple owned.

[A2BOK]

The world of aircraft ownership is far more complicated than the black and white picture some of you are painting. You can own, lease, sell and lease back, lease with the option to purchase and any number of other options. This is again dictated by any other number of factors like cash flow, cash reserves, how long you even want the aircraft for, lease rates you can negotiate vs. buy direct from the manufacturer. Unless you happen to be privy to these figures, making an informed decision is hard.

One thing is for certain, if you wanted Air NZ to own everything it flew you wouldn't be seeing all of the new fleets we have now. Fixed assets are important but so is having a suitable liquidity ratio. Asset rich but cash poor = problematic (just look at how the farmers in this country complain they have no money).

[ZKNBA]

What puzzles me is that the aircraft are leased from a range of lessors. Surely if the aircraft were all leased from one lessor, Air New Zealand would get a bulk discount rate and therefore a lower monthly lease rate for each aircraft? Does the reason that they don't have something to do with spreading around the risk?