Jetstar Pacific says lease return costs need to be considering when evaluating older aircraft

Jetstar Pacific COO Leslie Stephens, speaking at the CAPA Airline Fleet & Finance Summit 2016, said (03-Mar-2016) lease return costs also need to be taken into consideration when evaluating older aircraft. Mr Stephens noted: "Reliability is one but also lease return costs - if it's a couple of million lease return vs extending an aircraft when fuel is at what it is right now I don't think anybody would want to return aircraft." Mr Stephens noted: "Keeping it is certainly where you want to be right now."