Originally posted by Haleef
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Just look at the breakdown of the costs in the annual reports - see the massive increase in lease costs.
I see they've finally admitted this is where the problem is. Of course the $800 Million they still have to pay for 4 A350's has been conveniently left out.
The loss of the EASA 145 approval and the loss of ETOPS on a portion of the fleet due to negligence just adds to the losses. I see they don't mention this either.
I'm not sure how rolling out the same business plan that has failed at least twice already is going to solve anything.
If they think they're going to get anything but 'the finger' from Aercap and airbus - then they are delusional!
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