Monday, September 11, 2017

Austrian to wet-lease second Adria jet

NEWS FLASH


Austrian Airlines will wet-lease a second Adria Airways Bombardier CRJ900 aircraft from October 1. Initially it was reported that the Austrian carrier would wet-lease one jet from its Slovenian counterpart from September 16 until October 1. However, it has now been confirmed that the airline will take on a second CRJ900 from October 1. The jets will be deployed on Austrian's services to Bucharest, Venice and Warsaw. In its 2016 financial report, Adria confirmed that wet-leasing arrangements with other airlines helped it generate a record 3.2 million euro net profit.

12 comments:

  1. Wet-leasing contributed to only minor part of their profit. Where did the majority of profit come from, has been already reported.

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  2. JP is still in deep trouble: the money reserve they got from Estonian (a loan) has dried up and they are again late with paying the bills (as was reported today on siol.net). 4K will try to offload Adria as fast as possible.

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  3. I wouldn't put my money on everything that Siol reports - they have a history of publishing alternative facts :)

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    Replies
    1. What are you talking about? Second CRJ lease was cofirmed by Austrian in press release. Adria selling its brand name which was published here last week was confirmed by Adria in its financial repirt.

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    2. Ah, Dr. Schuster is full of shi*. He's comparing this year's figures (traffic) with last year's. Who is he kidding?! They (4K) intentionally reduced the operation in 2015 (compared to 2014) so they could post their incredible results in 2016. Of course, all of that was done as a "business stabilisation" strategy. Smells like a pile of management BS.

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    3. Company that took over JP in March 2016 is responsible for the size of operation in 2015, which is probably planned in late 2014.

      Makes perfect sense!

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  4. it seems these guys are in some completely other business

    everything i hear is sold planes/engines/brand, wet leased something, provided services for a fee...

    regular flying is almost a side business for these people :)

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    Replies
    1. Well Petar, wet lease is the best way to make money in the airline business

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    2. "everything i hear is sold planes/engines/brand"

      The only aircraft sold mentioned was CRJ200, which was completely unprofitable, which was designed when the oil price was 30 USD. Now put the oil to 100 USD and see what happens... Makes no sense to own engines, if you lease all of your aircraft.

      "wet lease is the best way to make money in the airline business"

      Haha, that's a good one! Haven't heard such a good joke in a long time.

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  5. Have they just extended the lease after Oct. 1st for one CRJ?
    Can't understand the article exactly...?

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    Replies
    1. https://www.austrianairlines.ag/Press/PressReleases/Press/2017/09/046.aspx?sc_lang=en&mode=%7b30999B4B-42D0-45A6-B671-FE5E3CB68ED8%7d

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  6. Isn't it just easier to OS to buy JP? What's the big deal?
    JP sold its brand, leased its a/c, buys smaller ones, again...lack and lack of structure.

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