Leased and returned within 1 day??

[pmarrsouth1]

Hi All,

I noticed the following, which I thought was odd:



There doesn't seem to be any airline that went bankrupt (and the lessee is not clickable):



The Jet Age: https://www.airwaysim.com/game/Aircraft/View/History/53563/

What am I missing here?

[Cardinal]

The airline went bankrupt and all the planes went back to the leasing companies. It wasn't so much "returned" as "repossessed".

If the airline name isn't clickable, the airline went bust.

EDIT: Missed the part where you showed the BK list. For some reason it's just missing. That happens sometimes.

[sanabas]

If an airline is created and quickly BKed, it won't appear on the list, I'm fairly sure. It'll appear when created, but the bk, rather than generating a bk post, will cause the created post to disappear.

Plenty of reasons to decide your newly created airline would be better off as a different new airline, odds are the same person made elvanic.

You've been paid 4 months of lease fee and can now lease out your brand new plane again.

[gazzz0x2z]

I think Thiiibault plays FranceLines. Not Elvanic. So he BK'd the same day as Elvanic, not long after opening, and didn't come back.

I'm not sure what are the financial outcomes of such situations. Does all the prepaid cash stay on the broker's account? I tend to think yes, but TBH, I have no clue.

[DanDan]

a valuable lesson on what happens in AWS when you get yourself a 747: you go bankrupt!

[Talentz]

So many haters these days ~~



Talentz

[sanabas]

Does all the prepaid cash stay on the broker's account? I tend to think yes, but TBH, I have no clue.

When your plane gets leased, you get 4 months of cash immediately, which is then applied as taxable profit over the next 4 months. I forget the name on the accounting statement, but it works the same way as planes you lease yourself, just in reverse.

If lessor BKs, then I assume all that outstanding future profit is immediately transferred to actual taxable profit, as that'd be the only way to make things still balance.