6 ms·
Airline companies don't want to buy aircraft because their highest-probability outcome is to declare bankruptcy (which happens about every 10 years for most maj
by mollems 12y ago
Airline companies don't want to buy aircraft because their highest-probability outcome is to declare bankruptcy (which happens about every 10 years for most major airlines in the US, it seems). Far simpler to tear up your lease than to dispose of large, expensive assets like aircraft as part of the bankruptcy.
- supercanuck 12y agoMy initial thought was your comment was bullshit, until I googled and read this article. http://www.economist.com/node/21543195 http://www.economist.com/node/21543195
- Spooky23 12y agoAs Richard Branson said, the easiest way to become a millionaire is to start with a billion and buy an airline.