- Jun 4, 2007
The new planes are supposed to cover the old ones being 'retired' so they would need the new ones first to take over the routes, else fallow routes. Be that as it may - the old assets wont cover much, if any of the new ones - no one is buying 340s in this day and ageIt is logically to sell off your old assets first, and then use that money to partly fund new assets.
Seems the okes at SAA just went ahead and procured new planes without waiting to sell off their old planes first.
Excellent planning there. Keep it up guys.