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Author Topic: Options for aircraft returned from lease in very poor condition  (Read 927 times)

Offline Kadachiman

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Is it worth leasing out aircraft any-more? My answer would be NO

I have had 10 aircraft returned to me due to the Lessee going B/K
They are all 3-4 years old and now at 5% condition    :-(

Problems are -
1. $17.5 Mill and 93 days in maintenance to return to 85% (for a $4.35 Mill aircraft new price)
2. Cant scrap them
3. Cant sell them unless I repair them
therefore my only real only option is to store them...forever

Not too sure if this should be a bug report due to the recent changes made to the UM market
I understand why the changes were made but I think the above situation may have been overlooked in the changes
« Last Edit: April 12, 2014, 10:45:05 PM by Kadachiman »

Offline Xflash

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Re: Options for aircraft returned from lease in very poor condition
« Reply #1 on: April 12, 2014, 11:00:14 PM »
What happen when you first only do a c check? It should Return to about 50% then some b checks without flying then it should return to about 75% maybe.

Just an idea... I dont know if this work..

Offline Kadachiman

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Re: Options for aircraft returned from lease in very poor condition
« Reply #2 on: April 12, 2014, 11:20:43 PM »
I am trying that with one aircraft so far
But with a C check at $1.1M I would rather have the option to scrap them and cut my losses
IMO you should have the option to scrap them when they are in such poor condition regardless of age

Offline schro

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Re: Options for aircraft returned from lease in very poor condition
« Reply #3 on: April 12, 2014, 11:46:50 PM »
I am trying that with one aircraft so far
But with a C check at $1.1M I would rather have the option to scrap them and cut my losses
IMO you should have the option to scrap them when they are in such poor condition regardless of age

You do have the option to scrap low condition aircraft that are not otherwise old enough. Perhaps you're doing it wrong? I have scrapped several 5 year old planes in this world

Offline Mr.HP

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Re: Options for aircraft returned from lease in very poor condition
« Reply #4 on: April 13, 2014, 12:29:13 AM »
At least 5 years old and poor condition to be able to scrap A/C

Offline Kadachiman

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Re: Options for aircraft returned from lease in very poor condition
« Reply #5 on: April 13, 2014, 12:46:41 AM »
Ok thanks guys, looks like I have to wait until they are 5 years old.

Offline CUR$E - God of AirwaySim

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Re: Options for aircraft returned from lease in very poor condition
« Reply #6 on: April 13, 2014, 01:18:50 AM »
I saw a 2.x year old Tu-104 scrapped at Alpha Airways some years ago.

Offline 11Air

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Re: Options for aircraft returned from lease in very poor condition
« Reply #7 on: June 06, 2014, 08:09:40 PM »
Try changing the seating configuration, I think this returns the aircraft to 100%.

Offline Kadachiman

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Re: Options for aircraft returned from lease in very poor condition
« Reply #8 on: June 06, 2014, 10:17:02 PM »
Thank you I will give that a go in another game world...if it works then it is a bug / loop hole that I will then report
« Last Edit: June 06, 2014, 10:28:11 PM by Kadachiman »

Online Sami

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Re: Options for aircraft returned from lease in very poor condition
« Reply #9 on: June 07, 2014, 01:04:29 PM »
Try changing the seating configuration, I think this returns the aircraft to 100%.

No, it does not.

Offline 11Air

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Re: Options for aircraft returned from lease in very poor condition
« Reply #10 on: June 08, 2014, 11:31:54 AM »
Ah, thanks Sami. I thought condition was cabin related. So does an A, B, C or D Check resolve poor condition? Presumably In relation to cost.
It's not worth bringing a 15yr old aircraft back to mint condition as it still has old thirsty engines and aerodynamics.  Refurb choices Sami?
« Last Edit: June 08, 2014, 11:34:56 AM by 11Air »

Offline xyeahtony

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Re: Options for aircraft returned from lease in very poor condition
« Reply #11 on: June 15, 2014, 10:30:12 PM »
you can run A/B/C/D check and it'll improve some %, but not back to 100%. u need to do extra mx on that.

I think there should be a feature for leasing companies to recall an aircraft and cancel a lease if the plane is not maintained. This is reflective of the actual aviation leasing industry in real life. Break the terms of lease (maintain an aircraft) and you lose the plane.

Offline 11Air

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Re: Options for aircraft returned from lease in very poor condition
« Reply #12 on: June 22, 2014, 08:44:39 PM »
I agree with the above. The real reason aircraft are returned in poor condition is that the host airline is poor and in trouble financially, and there is then no way to return surplus aircraft. The only option is to park the plane, no flights, no maintenance, and hope to keep the airline going.  OK, it's the back side of leasing, not owning, but in RW there would be negotiation.
As a regular leasor/ee (never knew which was the actual owner) there are obvious reasons to arrange the lease to expire before the next C check. That just adds to the cost of leasing your aircraft out but why would I do it differently?

 

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