Selling Planes?

[LavMan]

BAE SYSTEMS WINS RE-MARKETING MANDATE FOR US AIRWAYS BOEING 757 AIRCRAFT

The Trading and Services business of BAE SYSTEMS Regional Aircraft has won an exclusive mandate from aircraft owners for the re-marketing of nine Boeing 757-200 aircraft currently operated by US Airways.

The aircraft are on lease to US Airways and form an integral part of the airlines’ plans under the successful recently agreed re-structuring of the airline, and will be sold subject to these leases.

This important mandate marks the growing success of the Trading and Services venture that has already placed a number of aircraft into new markets on behalf of other owners.

Commenting on the deal Jon Skirrow who heads up BAE SYSTEMS Trading and Services, says: “We are delighted to be working for the aircraft owners. The services that we are providing are built upon our long experience in aircraft sales, asset management and portfolio servicing. At such difficult times in the market we believe our expertise can be vital for aircraft owners and financiers to maximise value from their aircraft."

The agreement is with Wilmington Trust Company, acting as Collateral Agent, for nine (9) Boeing 757-2B7 Rolls Royce-powered aircraft bearing manufacturer’s serial numbers 27246, 27303, 27805, 27806, 27807, 27808, 27809, 27810 and 27811.

 

[X-U]

That would be aircraft numbers 625 through 633.

 

[delldude]

sold on paper,but still operated by U?

 

[willnotworkforfree]

Thats right. h34r:

 

[AP Tech]

I think 632 or 633 was the aircraft the employees purchased using the money saved during the now defunct "Ideas that Fly" program. Dave got rid of quite a few of those employees why not the aircraft!!!!

 

[LavMan]

That airplane was 610, the first brand new 757 US Air purchased, ideas that fly

 

[SpinDoc]

BAE SYSTEMS WINS RE-MARKETING MANDATE FOR US AIRWAYS BOEING 757 AIRCRAFT

The Trading and Services business of BAE SYSTEMS Regional Aircraft has won an exclusive mandate from aircraft owners for the re-marketing of nine Boeing 757-200 aircraft currently operated by US Airways.

Can someone please tell me why we are getting rid of the B-757's? They are the most suitable aircraft we have for our leisure routes such as LAS, MCO, NAS, CUN, and TPA. The economics of the 757 are very good on these routes. As a matter of fact, one of the big selling points of these planes is that the operating cost is similar to a B737-400, and that the extra seats sold over and above the capacity of a 734 are all profit. The economics are even stronger with the B757-300. Why didn't we take over the recently cancelled Continental B757-300 orders and cancel the A330-200's? It is beyond me why our mangement continues to make poor decisions relating to our fleet. Don't they understand that the initial purchase cost for Boeing products may be slightly higher than Airbus, but the cost of repair and maintenance of Airbus products are much higher after the warranty period expires? Boeing aircraft last longer and are less expensive to maintain, and in the long run, the Airbus will prove to be a very expensive experiment. I really hope we get some people in CCY that have the balls to make the right decisions on our fleet because if not, our company may be in serious trouble in the next 5 years. JetBule has seen the Airbus "writing on the wall" and they will be taking delivery of Embraer 190's just around the time their warranties expires on their A320's. That is not a coincidental matter. The will be returning their A320's to the lease holders when maintenance items are no longer free.

 

[a320av8r]

"The aircraft are on lease to US Airways and form an integral part of the airlines’ plans under the successful recently agreed re-structuring of the airline, and will be sold subject to these leases."

Nobody is getting rid of any 757's. They are for sale between the current owners and a new buyer, if one can be found. Somebody wants out of the airplane leasing business, thats all. Its like your apartment complex being sold to a new company- you still have your apartment, just write your check to a different owner.