Sure, the acquisition of assets at the bottom of the cycle ensures cheaper overall running costs and a probable built in capital gain.
That said, call me a worry wart, but I do wonder about where all this extra demand is going to come from.
Sure the downsizing of Virgin is a potential big gain for AQZ on regional routes per the announcement on 19 November. And doubtless AQZ will continue to get FIFO contracts based upon its terrific track record...but 30 extra E190's in 1HFY21 alone + the existing fleet?
That requires a lot of bums on seats which is why I think they made this statement "The 100 seat jet aircraft market globally will rebound quickly as carriers look to focus on total trip costs rather than traditional metrics"
Still I have every faith in management. They haven't put a foot wrong for a long, long, long time. That big acquisition from Austrian Airlines some years ago proved they know what they are doing.
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Sure, the acquisition of assets at the bottom of the cycle...
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