I was hoping that some of the experienced players could help me settle a decision in my head.
My airline is Travel UK
flying from Leeds Bradford (EGNM).
I have a fleet of 4 Boeing 737NG aircraft which are leased and I am wondering if it is worth buying one.
The advantages to me seem to be:
- Adds to company value giving protection from bankruptcy
- Gives equity to secure more loans and get more aircraft
- Ownership takes away the cost of leasing it
In previous games I expanded too fast with the availability of cheap leased aircraft.
I have avoided that this time and have a stable income.
If I can pickup a used planed around the 10y old mark for $40m, I am over halfway there in terms of funds.
The real dilemma for me is that to raise the rest of the funds will take just over a real life week (and 1 credit) where I wont be too involved in the airline.
What would be the better thing to do? Hold on seeing as I'm halfway there or lease more planes, expand my income and I can afford an aircraft sooner in real time.
p.s. Could someone add if owning aircraft is all it's cracked up to be I would like to hear from people who use all leased fleets and are successful.
Edit: fixed link