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Author Topic: JCL Airways Fined $2.6 Billion  (Read 240 times)

Offline Jake

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JCL Airways Fined $2.6 Billion
« on: January 22, 2022, 07:08:08 PM »
Sapporo, Japan. May 8th, 1998.

JCL Airways was today fined $2.6 Billion thanks to cancelling leases from it's business partner Cayman Aviation Services.
The lease agreement was rumored to be for 28 McDonnell Douglas MD-11 Freighters, and would net Cayman a sizable $125 000 000 a month.
Cayman Aviation told reporters from Aviation Week Network, a US based aviation magazine that it plans to sell these aircrafts for a discount price to get them back in service as soon as possible.

The planes in question have apparently been replaced with Boeing 747-400 Freighters that for some unknown reason have been sitting in long term storage in the US at Southern California Logistics Airport.

Investors are left wondering why this move came so suddenly, without them being any indication that something like this could happen, and are now looking for more transparency from the airline's board of directors for future moves like this.

 

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