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Post by FabienA380 on Sept 14, 2016 9:32:53 GMT 1
Thanks Jkkw! While perhaps sad, I think this is also a great news, we'll probably soon finally start seeing what can happen to second-hand frames..... |
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Post by stealthmanbob on Sept 14, 2016 11:20:46 GMT 1
Thanks Jkkw ! While perhaps sad, I think this is also a great news, we'll probably soon finally start seeing what can happen to second-hand frames..... Some numbers in an article by Aviation Week quote "Dr. Peters bought the first aircraft in a sale-and-lease-back deal in 2007 for $197 million and SIA pays $1.71 million in monthly rent." So Dr Peters has already made a profit ? And still has an asset of some value ! |
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someone
in service - 1 year
Posts: 3,333
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Post by someone on Sept 14, 2016 11:49:37 GMT 1
So Dr Peters has already made a profit ? Depends on their financing cost |
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Post by stealthmanbob on Sept 14, 2016 12:06:37 GMT 1
So Dr Peters has already made a profit ? Depends on their financing cost Good point  |
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philidor
in service - 6 years
Posts: 8,950
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Post by philidor on Sept 14, 2016 12:36:01 GMT 1
Here is the AW piece quoted by Stealthmanbob. aviationweek.com/commercial-aviation/singapore-airlines-won-t-extend-first-airbus-a380-leaseI utterly disagree with the following comments : "The decision is a major blow for Airbus, which has been desperately trying to promote the aircraft. The SIA move sends a highly unwelcome signal to the market: one of the world’s most famous airlines has doubts about the aircraft’s viability in its network". Of course, the only signals SQ is sending are : - they don't need five more A380 than they already have ; - the first one is a low performer - not a surprise ! |
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kronus
in service - 1 year
Posts: 3,400 
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Post by kronus on Sept 14, 2016 12:38:21 GMT 1
Dr Peters will earn total in October 2017 for lease msn 3 to SIA about $8,2 million:
bought for $197 million in SLB transaction
10-year lease to SIA (10 x 12months x $1.71 million in monthly rent) = $205,2 million for lease rates
$205,2 million - $197 million = $8,2 million earn
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someone
in service - 1 year
Posts: 3,333
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Post by someone on Sept 14, 2016 12:57:20 GMT 1
Dr Peters will earn total in October 2017 for lease msn 3 to SIA about $8,2 million: bought for $197 million in SLB transaction 10-year lease to SIA (10 x 12months x $1.71 million in monthly rent) = $205,2 million for lease rates $205,2 million - $197 million = $8,2 million earn However, those $197 million are not free of charge. Financing cost must be added to this, unless Dr.Peters can either borrow at 0% interest rates or have some other type of free financing |
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philidor
in service - 6 years
Posts: 8,950
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Post by philidor on Sept 14, 2016 13:14:24 GMT 1
Don't even try to guess investor returns in these type of deals : there are too many items you don't know, such as but not limited to lease adjustment clauses, equity/finance costs, management fees (usually quite hefty !), other owner's costs and, last but not least, the tax implications for the investors (tax shelter programmes, etc ...).
The aircraft residual value is a major unknown in these investment schemes.
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Post by airboche on Sept 14, 2016 14:20:11 GMT 1
How much would a complete refurbishment of some early A380 be, including the latest cabin interior and IFE? Just to give us an idea please?
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Post by stealthmanbob on Sept 14, 2016 14:45:24 GMT 1
Q. Is it normal for the airline (SQ) to pay for the heavy Maint check prior to handing it back to the leasing co. ? Or does the leasing co. Pay for this ?
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