Originally Posted by
Beagle
Quick skim read all looks pretty good. Might have to trim my expectations for special divvies in 2020 2021 and 2022 down as they're obviously gearing up for massive capex in 2023-2025 with 8 replacement widebody aircraft in 3 years, that's probably something in the order of $2b+
Must admit Luxon has built a good culture there. Good they're leasing 2 x 777 aircraft to cover for RR problems. RR will cop some serious heat in terms of cost recovery.
Excellent that their business model has been able to be adjusted to cope with rising fuel costs.
Pretty slick operation really.