Spirit aircraft repo article

“Many of the pilots he found for these unusual ferry flights used to fly for Spirit Airlines.”
 
flyingron said:
The first few episodes wth Nick Popovich were decent shows. The rest of it is "reality TV isn't" garbage.
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The episode in which they claimed that Telluride was a "members only" airport sticks in my mind. :rofl:
 
flyingron said:
The first few episodes wth Nick Popovich were decent shows. The rest of it is "reality TV isn't" garbage.
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I always wanted to get the Cloaking Device they used to install all the cameras before they have to rely on all kinds of sneaking/BS’ing, etc to get into the plane and film the entry/start procedure/taxi/escape with those same cameras nobody had seen being installed.
 
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NOTE: THIS PHOTOGRAPH IS A DIRECT RESPONSE TO THE PROMPT. IT IS NOT RANDOM.
 
Yeah, I can't imaging there's a pressing need right now for a bunch of airliners painted the color of snow plows.

I mean, how do you work the line "If Bob doesn't get a chrome yellow Airbus in the next two days, we're going to lose the shop!" into the plot of *anything*?
 
Albany Tom said:
Yeah, I can't imaging there's a pressing need right now for a bunch of airliners painted the color of snow plows.

I mean, how do you work the line "If Bob doesn't get a chrome yellow Airbus in the next two days, we're going to lose the shop!" into the plot of *anything*?
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I suspect the key is the leasing company wanted to make sure they got their aircraft. If they sit, they'll acrue storage liens from whatever airport they are at and the airworthiness becomes an issue when they eventually do want to move them. Best to take possession now and move them to your leased space in the dessert until you can find someone who wants one (paint, while expensive, is cheap compared to the purchase price of the aircraft).
 
flyingron said:
I suspect the key is the leasing company wanted to make sure they got their aircraft. If they sit, they'll acrue storage liens from whatever airport they are at and the airworthiness becomes an issue when they eventually do want to move them. Best to take possession now and move them to your leased space in the dessert until you can find someone who wants one (paint, while expensive, is cheap compared to the purchase price of the aircraft).
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That makes sense, and they don't want to risk damage or theft. But it's an issue of days vs hours, and the only risk is dollars to the leasing company. If it's GE or whatever, they're not even going to notice whatever the cost differences are...and for some of them they might not even notice an airplane or two missing. I'd say it's one of those things that doesn't matter much except to the poor guy who was assigned the job of getting them all back.
 
Not, GE. I think the biggests lessor was AerCap and Spirit was in major trouble with them before the shutdown. The loss of "a plane or two" for AerCap is not some "drop int he bucket." The probem again is that the longer they sit, the more encumbered they become and the less likely that they will be in an airworthy shape to move (remember Spirit isn't doing maintenance on these anymore and these things are on a continuous/progressive schedule). The longer they sit the more risks ensue. It's far safer and more cost effective to gain possession of them now.
 
flyingron said:
Not, GE. I think the biggests lessor was AerCap and Spirit was in major trouble with them before the shutdown. The loss of "a plane or two" for AerCap is not some "drop int he bucket." The probem again is that the longer they sit, the more encumbered they become and the less likely that they will be in an airworthy shape to move (remember Spirit isn't doing maintenance on these anymore and these things are on a continuous/progressive schedule). The longer they sit the more risks ensue. It's far safer and more cost effective to gain possession of them now.
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I sincerely appreciate the info. In my head, companies that loaned money to airlines were companies that ran out of other people to loan money to. And now I'm trying to sort out if I should feel bad for a company that decided that leasing things to an airline was a good idea.

I need some iced tea...
 
They didn't "loan money" to Spirit. They leased airplanes. They were hoping that Spirit would keep flying and pay the lease. It's worked for others (like Mr. Stephen F. Udvar-Hazy who's ILFC made a killing on people like Jet Blue).
 
flyingron said:
They didn't "loan money" to Spirit. They leased airplanes. They were hoping that Spirit would keep flying and pay the lease. It's worked for others (like Mr. Stephen F. Udvar-Hazy who's ILFC made a killing on people like Jet Blue).
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Money, airplanes, it's financing. And you're right, it's just a numbers game. A giant scale version of a company renting restaurant equipment to the next guy that opens up an ice cream place. And I'm out of date and out of touch. It wasn't GE because GE sold their aircraft capital outfit to AerCap a few years ago. And no, they wouldn't notice a couple of aircraft if their people are anything at all like GE's. According to legend, they could lose entire plants.
 
Albany Tom said:
I sincerely appreciate the info. In my head, companies that loaned money to airlines were companies that ran out of other people to loan money to. And now I'm trying to sort out if I should feel bad for a company that decided that leasing things to an airline was a good idea.

I need some iced tea...
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Most airliners are leased.
 
Lindberg said:
Most airliners are leased.
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That was one of the things that I had trouble wrapping my head around when I was talking with engineers from GE and IBM back in the late 80's, when both companies had much more of a presence here in NY. That it wasn't so much that GE was a manufacturing company that among other things made jet engines, but that really GE then was a bank that more or less had a hobby business making jet engines and a few other things. Neither company treated their talent well from what I could tell, but IBM was better than GE from what I saw as an outsider.
 
When an airline leases aircraft, who is responsible for maintenance?
 
Domenick said:
When an airline leases aircraft, who is responsible for maintenance?
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Depends.

When I was flying in Asia our A319/320/330’s were leased from Airbus and required to be maintained at Lufthansa Technik. The airlines maintenance techs (called engineers) were allowed to do daily inspections and routine part swaps.
 
Domenick said:
When an airline leases aircraft, who is responsible for maintenance?
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Depends on the lease. I worked for a Charter outfit that leased 3 DC10s from United. United was responsible for most all maintenance except adding oil.
 
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