QF starting to reduce 738 fleet

[markis10]

VH-VYI which will be ten years old next year will not be kept by QF and is offer as a dry lease:

737-800 CFM56-7B24 34181 2005 0 0 0 Q1 2015 Dry Lease Paul O'dwyer
ORIX Aviation
Ph +353 8 6382 2960
Fx +353 1 670 0644
paul.o'[email protected]

 

[OzEire]

Any idea why? (Speculation)

Also, where do Orix (Ireland) come into the picture, a leasing company? Surely QF have been leasing a/c for ages, what's the benefit of outsourcing this ?

 

[Isochronous]

Any idea why? (Speculation)

Also, where do Orix (Ireland) come into the picture, a leasing company? Surely QF have been leasing a/c for ages, what's the benefit of outsourcing this ?

The leasing company buy the aircraft, then lease it to the airline. Lease payments are fully tax-deductible and avoid having to put loans to acquire outright on the balance sheet. Easier to churn over for newer planes. Maybe they are gearing up for the 789 to come!

 

[woodborer]

The leasing company buy the aircraft, then lease it to the airline. Lease payments are fully tax-deductible and avoid having to put loans to acquire outright on the balance sheet. Easier to churn over for newer planes. Maybe they are gearing up for the 789 to come!

I don't think they're reducing the fleet, or gearing up for 789s. They're are a few 788s still on order, so, in this case, it just looks like one is being replaced with another. (Why that exact aircraft? Who lnows! Probably heading toward a major check)

 

[Standby]

I don't think they're reducing the fleet, or gearing up for 789s. They're are a few 788s still on order, so, in this case, it just looks like one is being replaced with another. (Why that exact aircraft? Who lnows! Probably heading toward a major check)

Looks like a new bird arrived yesterday
Brisbane Airport Movements: Qantas B738 VH-XZL .Out with the Old (occasionally) in with the new

 

[Melburnian1]

This article indicates the reverse of what markis10 suggests.

It claims that QF is increasing its overall 737 fleet:

Qantas adds more seats, smaller loos on domestic fleet

 

[woodborer]

XZM had its first flight recently, and there are three more on order behind that (lining up to replace 767s!)

 

[gwynne]

The leasing company buy the aircraft, then lease it to the airline. Lease payments are fully tax-deductible and avoid having to put loans to acquire outright on the balance sheet. Easier to churn over for newer planes. Maybe they are gearing up for the 789 to come!

With new accounting standards the full lease liability ends on the balance sheet anyway these days.