This is too funny

boilermaker · **Reply #15 on:** July 07, 2008, 12:55:33 am

I noticed his total value has dropped from 55M to 34M from this time yesterday :twisted:

Lord Voldemort · **Reply #16 on:** July 07, 2008, 01:03:02 am

I'll bet that that's not to your credit.
My guess is that he opened a new base.

boilermaker · **Reply #17 on:** July 07, 2008, 02:09:42 am

Quote from: "Lord Voldemort"

I'll bet that that's not to your credit.
My guess is that he opened a new base.

Nope, still one base. He placed all his planes on multiple frequencies at e1.

Cheung Airlines · **Reply #18 on:** July 07, 2008, 02:21:55 am

Right after 24th19xx, I guess

boilermaker · **Reply #19 on:** July 07, 2008, 03:03:27 am

Quote from: "Cheung Airlines"

Right after 24th19xx, I guess

Nope, middle of the day

LOT 737-300 · **Reply #20 on:** July 07, 2008, 04:10:38 am

Hmm, dropped 20 million? Wow, that is such a huge drop, especially for an airline that is as small as you say he is. Either he is really losing TONS of money using inefficient and uneffective aircraft, or he ordered a few larger planes himself. Though taking a 20 Mil value drop at his size is harsh, but I guess thats what happens when you provoke your competition.

boilermaker · **Reply #21 on:** July 07, 2008, 04:24:33 am

I don't think he can afford to buy anything. He leased an MD-81 just before he reduced his fares to e1.

LOT 737-300 · **Reply #22 on:** July 07, 2008, 04:55:32 am

Ah, there was his problem, if you're gonna go on a "LFC" format, the last thing anyone should be doing is leasing out planes, especially jetliners with that 5% rule out there.

vivtho · **Reply #23 on:** July 30, 2008, 02:11:56 pm

Quote from: "LOT 737-300"

Ah, there was his problem, if you're gonna go on a "LFC" format, the last thing anyone should be doing is leasing out planes, especially jetliners with that 5% rule out there.

I'm new here. so I'm sorry if this has been asked before....

Just what is the 5% rule?

MrOrange · **Reply #24 on:** July 30, 2008, 02:23:56 pm

The minimum price for a lease on aircraft is 5% of the airplane's value, IIRC.

Cheung Airlines · **Reply #25 on:** July 30, 2008, 02:34:35 pm

Quote from: "MrOrange"

The minimum price for a lease on aircraft is 5% of the airplane's value, IIRC.

:shock: I thought its 2 %...

nwadeltaboy · **Reply #26 on:** July 30, 2008, 03:25:37 pm

Quote from: "Cheung Airlines"

Quote from: "MrOrange"
The minimum price for a lease on aircraft is 5% of the airplane's value, IIRC.

:shock: I thought its 2 %...

IIRC, its 2% for private leases

Cheung Airlines · **Reply #27 on:** July 30, 2008, 03:34:54 pm

I see.....
thx, Nate

LOT 737-300 · **Reply #28 on:** July 30, 2008, 06:18:43 pm

I should correct myself in that last post where I said leasing out, it should've been leasing in.