AirwaySim
Online Airline Management Simulation
Login
Username
Password
 
or login using:
 
My Account
Username:
E-mail:
Edit account
» Achievements
» Logout
Game Credits
Credit balance: 0 Cr
Buy credits
» Credit history
» Credits FAQ

Author Topic: Lease extensions  (Read 1123 times)

Par Avion

  • Former member
Lease extensions
« on: September 06, 2011, 02:06:45 PM »
I currently have leases that expire in 6 months. If I do a lease extension for 1 year, does that mean my new leases will expire in 1 year or in 18 months? In other words, does an extension replace the price and add to longevity, or does it replace both the price and longevity on the previous deal.

I assume it's the former, because if it's the latter, you could get out of 15 year lease by "extending" it to a 1-month lease.

It is the former, right?


wapp11

  • Former member
Re: Lease extensions
« Reply #1 on: September 06, 2011, 02:14:43 PM »
Yes, it extends the lease only.  Your current lease price will last 6 more months, and after that your new lease price will become active.

Offline Kadachiman

  • Members
  • Posts: 913
Re: Lease extensions
« Reply #2 on: September 06, 2011, 02:18:08 PM »
I think you will find that a 12 month lease extension on a 6 month lease remaining will make the new lease arrangement 18 months, and the new lease price will become effective immediately.

Par Avion

  • Former member
Re: Lease extensions
« Reply #3 on: September 06, 2011, 02:26:41 PM »
I see... so if I were to extend a 5 year lease by 2 months, I would want to make that extension right near the end of the 5 years because it will immediately reset my price to the higher one?

Offline swiftus27

  • Members
  • Posts: 4395
Re: Lease extensions
« Reply #4 on: September 06, 2011, 04:20:24 PM »
Yes, you have to wait for the end or else you will be paying an arm and a leg

Par Avion

  • Former member
Re: Lease extensions
« Reply #5 on: September 06, 2011, 04:54:17 PM »
thanks to all for helping me with that

 

WARNING! This website is not compatible with the old version of Internet Explorer you are using.

If you are using the latest version please turn OFF the compatibility mode.