RE: Thomas Cook23 Sep 2019 12:02
I would say that it's too soon to say. The airline has apparently always run profitably, so if the administrator can get a prompt sale for it then any loss should be minimal. If not, then we have three newish A321s to move, so there will be a short term hit, however due to the 737 MAX fiasco the world is short of medium range narrow body jets so medium term we may even be receiving a higher lease payment or a sale at over book value. So whilst I see it as an immediate concern, I'm not too worried into the future. Just my initial take.