This situation reminds me of shipping companies. Many shippers are just lessors, they lease ships from another company that bought the ships with huge debts, but these purchases were only made with negotiated customer on fixed lease term 5 to10 years contract. This is similar business model like neoclouds. Once the contract is up, the spot shipping rate is usually crap and does not generate enough to pay the residual debt used to fund the initial build, while the 5 yearly surveying cost increas
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