Aircraft leasing
Moderator: FSAirlines Staff
Aircraft leasing
I think once an airline goes inactive it should not be able to lease aircraft out.The way it is at the moment inactive airlines are driving down the leasing revenues for the airlines who are prepared to pay subscriptions.
I fully realise that the subscriptions are to fund replacement of servers etc to keep up with demand from the ever increasing number of pilots flying on the system but i dont think it is fair that the airlines that dont appreciate this can dictate the leasing price of any type of aircraft.
I fully realise that the subscriptions are to fund replacement of servers etc to keep up with demand from the ever increasing number of pilots flying on the system but i dont think it is fair that the airlines that dont appreciate this can dictate the leasing price of any type of aircraft.
Yours Stan
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Re: Aircraft leasing
I'm in total agreement with you Stan, it's almost impossible to make a reasonable profit in the leasing market now due to some very low rates, to the point that we aren't even offering aircraft for lease any longer.
An inactive airline should be just that, inactive.
TTFN
An inactive airline should be just that, inactive.
TTFN
Re: Aircraft leasing
I definitely agree with that Stan, long gone are the days where a B744 could fetch a $25mil.
Matt-FSAirlines DB Admin
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Re: Aircraft leasing
If inactive airlines have aircraft on the market, it's because they were paying or they were from before the changeover. Once a VA is inactive, they can't buy or lease aircraft. I suspect that within the next month the problem will resolve itself unless one of the developers puts in scripting to prevent it (which I'm sure they'll consider doing if it's not too complex).
Re: Aircraft leasing
I know one of the main airlines in question has been inactive since the changeover and yet still has about 175 aircraft ready to be leased and their finances show they have been buying aircraft and leasing them.CAPFlyer wrote:If inactive airlines have aircraft on the market, it's because they were paying or they were from before the changeover. Once a VA is inactive, they can't buy or lease aircraft. I suspect that within the next month the problem will resolve itself unless one of the developers puts in scripting to prevent it (which I'm sure they'll consider doing if it's not too complex).
Matt-FSAirlines DB Admin
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Re: Aircraft leasing
Hrm... I'll make sure that Konrad and Joe are aware. My understanding was that once your VA was inactive, you weren't supposed to be able to do anything with the VA, including buying and selling aircraft, much less leasing them.
- joefremont
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Re: Aircraft leasing
The question of what to do with inactive airlines is a bit of a puzzle to me. I agree that inactive airlines should not be allowed to lease, buy or sell aircraft. But I also don't want to start to dismantle airlines before an airline has had the chance to renew there memberships. One I idea I have that may help is that after a week of being inactive that the system should automatically remove from the market all the aircraft they have up for sale or lease.
I've sworn an oath of solitude until the pestilence is purged from the lands.
Re: Aircraft leasing
Perhaps in suggestion to what you said Joe, is that after a week, their finances are also frozen so they can not buy any aircraft.
Matt-FSAirlines DB Admin
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Re: Aircraft leasing
Joe, how about this -
Day 0 - Airline Inactive
Day 1 - Book Flights unavailable
Day 5 - Transfer Aircraft unavailable. Notice sent to all VA's with aircraft leased from that VA that the VA is inactive and all aircraft on lease will be returned in 5 days unless they do so beforehand.
Day 7 - Lease Aircraft Unavailable, Buy/Sell Aircraft Unavailable
Day 10 - Aircraft on lease returned to airline
Day 90 - VA set to "suspended" status and removed from all lists (except Admins/Developer accessible ones)
Day 0 - Airline Inactive
Day 1 - Book Flights unavailable
Day 5 - Transfer Aircraft unavailable. Notice sent to all VA's with aircraft leased from that VA that the VA is inactive and all aircraft on lease will be returned in 5 days unless they do so beforehand.
Day 7 - Lease Aircraft Unavailable, Buy/Sell Aircraft Unavailable
Day 10 - Aircraft on lease returned to airline
Day 90 - VA set to "suspended" status and removed from all lists (except Admins/Developer accessible ones)
- joefremont
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Re: Aircraft leasing
As of now inactive airlines can not buy, sell, maintain or transfer an aircraft. Aircraft that are already on the market for sale are still there. Leases that are still in effect. They already could not book flights.
It occurs to me that inactive airlines should not be allowed to enter into contracts or voluntarily spend money. So my idea is that aircraft on the market would be removed from the market within 24 hours, aircraft they had leased would be returned when there next lease payment is due, aircraft they have leased to other airlines would continue for the life of the contract (right now if an airline is deleted the ownership of the aircraft and the lease reverts to FSA Aviation).
I am not sure about suspending at 90 days. Right now we don't have the records to be sure how long, especially if an airlines premium pilot quits and goes somewhere else it will look like the airline has been inactive since the other pilots trial accounts expired. Unless one of the pilots keeps checking in every so often there accounts will be deleted after 90 days and with the last pilot the airline goes away too. If a pilot is trying to keep there airline alive until they have the time and funds to support it, I am fine with that.
Eventually we may introduce loans with automatic payments, parking fees, required aircraft maintenance, etc. If so they airlines funds will eventually bleed away and it fall into bankruptcy.
It occurs to me that inactive airlines should not be allowed to enter into contracts or voluntarily spend money. So my idea is that aircraft on the market would be removed from the market within 24 hours, aircraft they had leased would be returned when there next lease payment is due, aircraft they have leased to other airlines would continue for the life of the contract (right now if an airline is deleted the ownership of the aircraft and the lease reverts to FSA Aviation).
I am not sure about suspending at 90 days. Right now we don't have the records to be sure how long, especially if an airlines premium pilot quits and goes somewhere else it will look like the airline has been inactive since the other pilots trial accounts expired. Unless one of the pilots keeps checking in every so often there accounts will be deleted after 90 days and with the last pilot the airline goes away too. If a pilot is trying to keep there airline alive until they have the time and funds to support it, I am fine with that.
Eventually we may introduce loans with automatic payments, parking fees, required aircraft maintenance, etc. If so they airlines funds will eventually bleed away and it fall into bankruptcy.
I've sworn an oath of solitude until the pestilence is purged from the lands.
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Re: Aircraft leasing
Yeah, it was just an idea. The idea of having the phased "shutdown of operations" is so a VA can have time (if it's truly a money issue and they want to stay active) to bring it's fleet "home" before not being able to do anything so that they don't get stuck with the fleet to the four winds (something they work out in the real world too with airlines suspending operations), especially if they choose to merge within the 7 days after loosing premium status.
I'm just trying to make sure that we're fair in the process so that those whom are going inactive because they don't have a choice aren't completely "hung out to dry" the moment they loose premium, but we don't have an issue like we have now with a single VA operating for 3 months + without a premium account yet still making money on leasing aircraft.
I'm just trying to make sure that we're fair in the process so that those whom are going inactive because they don't have a choice aren't completely "hung out to dry" the moment they loose premium, but we don't have an issue like we have now with a single VA operating for 3 months + without a premium account yet still making money on leasing aircraft.
- flightsimer
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Re: Aircraft leasing
I have stopped leasing as well as the prices have gone down to the point its not worth it to me. But it wasnt just from inactive airlines.
I know previously i had merged inactive airlines into my airline because the CEO didnt want to pay so it was possible previously. There also needs to be a way for these inactive airlines to continue to be able to merge into another airline if the ceo decides not to continue. Maybe make a "merge" button where an inactive airline can press this button once and it will allow them to sell all their aircraft to the airline in which they are merging with (that would have to picked from a dropdown list) and then lease a few a/c to transfer their money at the end once all aircraft are sold.
In all honesty, i think if an airline goes 90 days, they should be deleted permanately. I can understand a month as things can happen, but 3 in a row is excessive and they probably arent going to return.
I know previously i had merged inactive airlines into my airline because the CEO didnt want to pay so it was possible previously. There also needs to be a way for these inactive airlines to continue to be able to merge into another airline if the ceo decides not to continue. Maybe make a "merge" button where an inactive airline can press this button once and it will allow them to sell all their aircraft to the airline in which they are merging with (that would have to picked from a dropdown list) and then lease a few a/c to transfer their money at the end once all aircraft are sold.
In all honesty, i think if an airline goes 90 days, they should be deleted permanately. I can understand a month as things can happen, but 3 in a row is excessive and they probably arent going to return.
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North Eastern Airways
North Eastern Airways
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Re: Aircraft leasing
If it's inactive for 90 days it will get deleted unless someone signs on during that time because all the pilots in the VA will be removed.
As for leasing - we've definitely fixed the inactive VA issue for leasing so the prices should be back up to where you guys can make a profit on them.
As for leasing - we've definitely fixed the inactive VA issue for leasing so the prices should be back up to where you guys can make a profit on them.
- joefremont
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Re: Aircraft leasing
I am not sure about merging inactive airlines. I have seen a number of airlines that have raised money buy having members create duplicate accounts, start an airline, make a bunch of funds using the 1000x multiplier then merge back into there parent airline when there trial account expire. This is not something I am in favor of.
I've sworn an oath of solitude until the pestilence is purged from the lands.
- flightsimer
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Re: Aircraft leasing
i agree if that is being done, but i meant more towards the established airlines. maybe for any airline to be merged, it had to have had a premium account paid for in the past and be at least 2-3 months old?
Owner/CEO
North Eastern Airways
North Eastern Airways