I've seen the airplane, and its systems checks have revealed that the airplane is in better condition than anyone expected. That being said, it needed a nose gear change due to callendar limits, and an auxilliary power unit (APU) was purchased and installed. Many checks were performed and systems (hydraulic, electrical, air cond, etc.) performed well.
There was a delay due to cowling issues, but it was solved. The work being done and availability of people to complete it, determined the time line, not $ constrictions.
The Malasian cost estimates are according to an FAA Designated Airworthiness Representative's maintenance scope. There is another large 747-200 operator, with many spares and parts available, helping oversee and look after Baltia's interests in Malasia, not to mention that Baltia's maintenance reps will be there.
There are many reasons why many airlines take their aircraft to these FAA approved facilities - cost is only one of them - availability of staff experienced on the specific aircraft type, parts availability, scheduling for the facility, and more . . . This facility has a good reputation and does good work, according to a Dir. of Maint. at another international airline that takes aircraft there - a reputable carrier.
On this route - New York / St. Petersburg - there is NO non-stop competition, and the enplanement/deplanement stats historically documented by the DOT Form 41 reports required quarterly from air carriers, reflect serious travel demand year-round (obviously the Nov/Dec months are extremely heavy.)
There are many opinions out there, but "the smart money" would use historcal data and other relevant information.
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