Ericsson wrote:VituVingiSana wrote:obiero wrote:Spikes wrote:[quote=Ericsson]Kq should be buying second hand planes or leasing from other airlines.
Kq can't play league of buying brand new planes
usiskike na @ obiero ukiongea hivyo na hayo masifa yake yote na KQ
How else can KQ achieve a young fuel efficient fleet if not via purchase.. Leased planes are usually older
A few years ago but around the same time...
Delta bought old planes, refurbished the and made huge profits off utilizing cheap planes.
KQ bought new planes (kickbacks?), couldn’t make the payments and made losses galore.
After making the huge profits Delta is now buying 100 Airbus for $12.7bn
https://www.cnbc.com/201...nte-against-boeing.html[/quote]
AFTER making the huge profits!
Delta bought cheap(er) planes, refurbished them and put them into service.
What’s $1bn in refurbishment for many airworthy planes?
Compare this to $1bn in new planes that were bought using debt which couldn’t be serviced. KQ’s new planes had to be sold or leased at a loss.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett