DREAMliner???

[tonysoprano]

http://www.theglobeandmail.com/report-o ... le1194726/

Let's dump it. It's going to be a headache. The money can go towards better things.

[Jastapilot]

It'll be the most advanced, efficient airliner in history when they finally iron the kinks out. Tough call, I'd say.

[roger.roger]

The money can go towards better things

what money?

don't worry you'll sell it then lease it back to keep AC out of CCAA for at least another month

[CelBatrin]

This look rather real....

[short bus]

really? it looks quite fake to me...

[tonysoprano]

Hasn't slipped the surly bonds of earth yet.

[bmc]

This couple got married. On their honeymoon, they sat on the edge of the bed and new bride said to her husband, " I have something to tell you. I'm a virgin"

The new husband was startled as this was her third marriage.

He said, "I know your first husband died on your wedding night, but what about your second husband?"

She said, "Oh, he worked for Boeing as a salesman for the 787. All he ever did was tell me how great it was going to be."

[whiteguy]

The money can go towards better things

what money?

don't worry you'll sell it then lease it back to keep AC out of CCAA for at least another month

So why does Westjet sell and lease back some of their aircraft? They in trouble to? Every airline in the world does this!

[Tiny Voices]

We (WJ) lease some aircraft. Not aware of any sell and lease back agreements though. Don't know that my info is accurate though. Can you provide a source for yours?

[whiteguy]

We (WJ) lease some aircraft. Not aware of any sell and lease back agreements though. Don't know that my info is accurate though. Can you provide a source for yours?

Included in investing activities in 2005 is both
the purchase and sale of eight Next-Generation aircraft
for which we completed sale and leaseback transactions
in the year, resulting in a gain on disposal of $8.5 million
that we have deferred on our balance sheet. These deferred
gains are being amortized as an offset to the aircraft
leasing costs over the lease term. Aircraft additions in
2005 consist of payments totalling $574.2 million for three
737-600 aircraft, seven 737-700 aircraft, five 737-800
aircraft net of previous deposits paid on those aircraft and
the purchase of two previously leased 200-series aircraft.
In addition to those payments, aircraft additions also
include $39.2 million paid in progress payments on future
aircraft deliveries. Aircraft disposals in 2005 includes
the subsequent sale of three 737-700 and five 737-800
aircraft for which we entered into sale and leaseback
transactions in the year, as previously mentioned.

Taken from 2005 annual report.

[Tiny Voices]

Well what do you know! Thanks for that .

[Airbrake]

The reason for the sale/lease back was to
maintain the correct percentages.
The ideal is to have 30% purchased
30% financed and
30% leased. If memory serves correct we
were heavy on the owned aircraft at that point
not 100% sure of that though.