Us Airways Seeks To Reject Leases On 23 Planes

[JayBrian]

Article

http://yahoo.reuters.com/financeQuoteCompa...13651829_newsml



Jay

 

[AtlanticBeach]

One jet and a bunch of props the company has already said it was going to return. Sounds like a relatively appropriate use of the bankruptcy rules.

 

[USFlyer]

Totally, removing unproductive assets from the balance sheet should be a #1 priority.

 

[Air conditioned]

One jet and a bunch of props the company has already said it was going to return.

[post="179531"][/post]​

I know I sound dumb, (and I will admit that I am when it comes to this sort of thing) but does this mean that one of the wholly owneds that flies turbo props is going to soon be in really bad shape? Does this mean they will turn in most of their planes? Could someone explain?

 

[ringmaruf]

I know I sound dumb, (and I will admit that I am when it comes to this sort of thing) but does this mean that one of the wholly owneds that flies turbo props is going to soon be in really bad shape? Does this mean they will turn in most of their planes? Could someone explain?

[post="179616"][/post]​

There were 10 Dash 8's from Piedmont, which has been shrinking its fleet. As has been stated, the planes already had been removed from service, so you won't be able to notice that they're gone.

There are also 12 Dornier 328's from PSA. PSA no longer operates the Dornier 328, having transitioned to an all-regional jet fleet. These are also obviously not currently in service.

There was also 1 B737-300, also not part of the active fleet for whatever reason.

These planes are currently just sitting on a ramp or in a hangar somewhere, and US is paying for them and not using them. It makes total sense for US to reject the leases so that it no longer has to pay for planes which it is not using.

 

[autofixer]

Sure it makes sense, just violate the contract with the leasing companies, they did not need the revenue from these planes anyway.

 

[Air conditioned]

Thanks for the info you guys.