Yes but they can always get them back on the terms if their leaseback arrangements. This is why Joyce by grounding the fleet would get ahead of say REX, VAH, Air New Zeland, SingaporeAir, IAG and so forth.
Why AJ runs planes at a loss is beyond me unless they know they are going to receive a subsidy.
There should be ASIC laws against this sort of thing, knowingly running a loss, it just pisses off sholders and destroys value.
Lockdowns bullish?, page-99
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