Leasing cost reduction

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Chinese Chess - Airline Business During COVID-19

New answer on Sep 17, 2021

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Andrea asked on Sep 17, 2021

Thanks for the case! It was fun and offered great insight!

I have a question on the sentence:

(Long Term) Leasing costs can be cut through the purchase of planes through capital received by government – new monthly costs (which include amortization) is 75% of current rate

If the new monthly cost is 75% percent, shouldn't the percent cost reduction then be 25%?

Am I missing something?

Thanks!

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Ian

Expert

Content Creator

replied on Sep 17, 2021

Hi Andrea,

That's a great catch! The wording I used does not match the exhibit.

Thanks for the catch…I'll update ASAP :)

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