Fleet Finance Balances Don't Add Up
Posted: Thu Apr 18, 2019 2:37 pm
Hi
I keep a fairly close eye on the balances among our airline's various fleets, transferring between them on occasions to keep them at their desired levels.
Our airline's current balance is a nice healthy $3.8bn or so. When I look at the "transfer money" page and add up the various balances of the fleets they currently amount to just under $2.1bn; in particular the "UKD Leasing" fleet figure seems to be dropping, despite there not being transactions occurring to support that drop.
While I am relieved that the official balance (on the main Finances page) is where we expect it to be, can I ask why the sum of our fleet balances doesn't add up to that amount?
My only guess is the fleet-finances page is perhaps not only looking at the finances of the aircraft sat on that fleet at the moment but also all the maintenance/transfer fees being incurred by other airlines while they are leasing the aircraft from that fleet.
Cheers
Simon
I keep a fairly close eye on the balances among our airline's various fleets, transferring between them on occasions to keep them at their desired levels.
Our airline's current balance is a nice healthy $3.8bn or so. When I look at the "transfer money" page and add up the various balances of the fleets they currently amount to just under $2.1bn; in particular the "UKD Leasing" fleet figure seems to be dropping, despite there not being transactions occurring to support that drop.
While I am relieved that the official balance (on the main Finances page) is where we expect it to be, can I ask why the sum of our fleet balances doesn't add up to that amount?
My only guess is the fleet-finances page is perhaps not only looking at the finances of the aircraft sat on that fleet at the moment but also all the maintenance/transfer fees being incurred by other airlines while they are leasing the aircraft from that fleet.
Cheers
Simon