Jump to content

Hired gun to cut cost


Guest Flex

Recommended Posts

Big saving...

Of the 228 operating aircraft in Air Canada's fleet, it owns 25, and has either capital or operating leases on the balance, according to court documents

Negotiating for US Airways, Seabury brought the average lease rate for its Boeing 737s — an airline staple — down to an average $90,000. But UAL Corp.'s United Airlines, which is also under court-ordered protection from creditors, is finalizing lease rates for similar aircraft down to about $70,000 with the help of investment bank Babcock & Brown, said people familiar with both airlines' finances.

http://www.torontostar.com/NASApp/cs/ContentServer?pagename=thestar/Layout/Article_Type1&c=Article&cid=1035780761227&call_pageid=968350072197&col=969048863851

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.



×
×
  • Create New...