what's this?

[skyguy25]

http://biz.yahoo.com/e/071004/luv8-k.html

 

[BoeingBoy]

A common practice in the U.S....almost universal though WN owns more of it's airplanes than most (hence the ability to borrow that much using them as collateral, which is basically what an EETC does).

U.S. airlines (majors, anyway) own hardly any of their airplanes outright. They either lease them or mortgage them (EETC's).

Jim

 

[X-U]

It does seem to be another change from the proven M.O.